Bundoora (postcode 3083) is a sizeable suburb in Victoria within the Whittlesea local government area. The area has roughly 28,068 residents and a settled mid-life population, with a median age of 38. Households earn a median income of $87K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Chinese.
Bundoora has a median house price of $862,000, holding roughly steady year-on-year. Units have a median price of $455,000 (-3.2% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.4%. 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.
On the investment side, Gross rental yield sits at around 3.4% (moderate yield). Property prices are near the state median ($862K/$875K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved -0.3% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.