Bundoora is a large suburb in Victoria within the Whittlesea local government area (postcode 3083). With a population of 28,068, the suburb has an established demographic with a median age of 38. Households earn a median income of $87K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Chinese.
The median house price in Bundoora is $865,000, having risen modestly 1.2% over the past year. Units have a median price of $470,000 (+2.2% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,000.
Bundoora is served by 8 schools, including 3 primary, 2 secondary, 1 combined, 2 special. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 1 rail station, 135 bus stops. Healthcare facilities include 1 public and 2 private hospitals. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Bundoora offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($865K/$875K). The price-to-income ratio of 10.0x is considered moderate. House prices have moved +1.2% year-on-year.
Bundoora is a large suburb in Victoria within the Whittlesea local government area (postcode 3083). With a population of 28,068, the suburb has an established demographic with a median age of 38. Households earn a median income of $87K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Chinese.
The median house price in Bundoora is $865,000, having risen modestly 1.2% over the past year. Units have a median price of $470,000 (+2.2% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,000.
Bundoora is served by 8 schools, including 3 primary, 2 secondary, 1 combined, 2 special. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 1 rail station, 135 bus stops. Healthcare facilities include 1 public and 2 private hospitals. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Bundoora offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($865K/$875K). The price-to-income ratio of 10.0x is considered moderate. House prices have moved +1.2% year-on-year.