Beveridge

Beveridge lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

Based on ABS population updates and AreaSearch validations, as of Nov 2025, Beveridge's estimated population is around 9,927. This reflects an increase of 5,285 people since the 2021 Census, which reported a population of 4,642. The change was inferred from AreaSearch's estimate of 9,394 residents following examination of ABS' June 2024 ERP data release and additional 2,380 validated new addresses since the Census date. This level of population equates to a density ratio of 88 persons per square kilometer. Beveridge's 113.9% growth since the 2021 census exceeded national (9.7%) and state averages, marking it as a regional growth leader. Population growth was primarily driven by interstate migration contributing approximately 72.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024 with 2022 as the base year, and VIC State Government's Regional/LGA projections released in 2023 for areas not covered by this data, adjusting employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Beveridge is predicted to increase by 10,570 persons based on aggregated SA2-level projections, reflecting a 65.8% total increase over the 17 years.

AreaSearch assessment of residential development activity positions Beveridge among the top 25% of areas assessed nationwide

AreaSearch analysis of ABS building approval numbers in Beveridge shows around 570 new homes approved annually. Between FY21 and FY25, approximately 2852 homes were approved, with a further 210 approved by June 26th, 2026. On average, 0.6 new residents per year have been arriving for each new home built over the past five financial years.

This suggests that supply is meeting or exceeding demand, providing greater buyer choice and supporting potential population growth above projections. The average construction value of these new homes was $361,000. In FY26, commercial approvals totalled $12.3 million, indicating moderate levels of commercial development. Compared to Greater Melbourne, Beveridge has seen 757% higher development activity per person as of June 26th, 2026, offering buyers greater choice. However, building activity has slowed in recent years.

Nationally, developer confidence in Beveridge remains strong. Most new building activity involves detached dwellings (94%), with townhouses or apartments comprising the remaining 6%. This maintains the area's traditional low-density character, focusing on family homes that appeal to those seeking space. There are approximately 11 people per dwelling approval in Beveridge, indicating an expanding market. Future projections estimate Beveridge will add 6535 residents by 2041, based on AreaSearch's latest quarterly estimate. Current construction levels suggest housing supply should adequately meet demand, creating favourable conditions for buyers and potentially enabling growth that exceeds current forecasts.

Beveridge has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Area infrastructure significantly impacts local performance. AreaSearch identified 36 projects likely affecting the area. Notable ones are Melbourne Intermodal Terminal Package - Road Connections Package, Alkyra Estate, Lyra Local Convenience Centre, and Stockland Lyra. The following details the most relevant projects.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The employment landscape in Beveridge shows performance that lags behind national averages across key labour market indicators

Beveridge has a skilled workforce with an unemployment rate of 5.0% as of September 2025. This is 0.4% higher than Greater Melbourne's rate of 4.7%.

The area experienced an estimated employment growth of 1.2% over the past year, based on AreaSearch aggregation of statistical area data. As of September 2025, there are 3,279 residents employed in Beveridge, with a workforce participation rate of 72.6%, compared to Greater Melbourne's 64.1%. The leading employment industries among residents include construction, health care & social assistance, and manufacturing. Construction is particularly notable, with employment levels at 1.7 times the regional average.

However, professional & technical services are under-represented, with only 3.3% of Beveridge's workforce compared to Greater Melbourne's 10.1%. Over the 12 months to September 2025, employment in Beveridge increased by 1.2%, while labour force increased by 1.4%, causing the unemployment rate to rise by 0.1 percentage points. In contrast, Greater Melbourne saw employment grow by 3.0% and unemployment rise by 0.3 percentage points. State-level data from VIC to 25-Nov shows employment grew by 1.13% year-on-year, with the state unemployment rate at 4.7%. National employment forecasts from Jobs and Skills Australia project a growth of 6.6% over five years and 12.9% over ten years for Beveridge, based on its current employment mix.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

In AreaSearch's latest postcode level ATO data released for financial year 2023, Beveridge's median income among taxpayers is $62,475. The average income in the suburb is $72,432. Both figures are above the national average. In comparison, Greater Melbourne has a median income of $57,688 and an average income of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, Beveridge's estimated median income as of September 2025 is approximately $67,629, with the average being around $78,408. According to 2021 Census figures, incomes in Beveridge rank highly nationally, between the 76th and 81st percentiles for household, family, and personal incomes. The income distribution shows that the majority of residents, 44.3% or 4,397 people, fall into the $1,500 - $2,999 bracket, which is also dominant in the surrounding region at 32.8%. Despite high housing costs consuming 17.1% of income, Beveridge's disposable income ranks at the 79th percentile nationally. The area's SEIFA income ranking places it in the 6th decile.

Beveridge is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region

Beveridge's dwelling structures, as per the latest Census, were 99.2% houses and 0.8% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Melbourne metro's 87.2% houses and 12.8% other dwellings. Home ownership in Beveridge was at 15.7%, with mortgaged dwellings at 66.8% and rented ones at 17.6%. The median monthly mortgage repayment was $2,052, above Melbourne metro's average of $1,900. Median weekly rent in Beveridge was $400, compared to Melbourne metro's $371. Nationally, Beveridge's mortgage repayments were higher at $2,052 versus the Australian average of $1,863, while rents were also higher at $400 against the national figure of $375.

Beveridge features high concentrations of family households, with a higher-than-average median household size

Family households account for 87.6% of all households, including 53.6% couples with children, 23.8% couples without children, and 9.4% single parent families. Non-family households constitute the remaining 12.4%, with lone person households at 10.8% and group households making up 1.5% of the total. The median household size is 3.2 people, which is larger than the Greater Melbourne average of 2.9.

Beveridge performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes

The area's university qualification rate is 21.8%, significantly lower than Greater Melbourne's average of 37.0%. Bachelor degrees are the most common at 14.1%, followed by postgraduate qualifications (5.1%) and graduate diplomas (2.6%). Vocational credentials are prevalent, with 40.7% of residents aged 15+ holding them, including advanced diplomas (14.0%) and certificates (26.7%). Educational participation is high at 33.2%, with 12.9% in primary education, 7.7% in secondary education, and 3.9% pursuing tertiary education.

Educational participation is notably high, with 33.2% of residents currently enrolled in formal education. This includes 12.9% in primary education, 7.7% in secondary education, and 3.9% pursuing tertiary education.

Transport servicing is very low compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

The analysis of public transportation in Beveridge indicates that there are nine active transport stops currently operating within the area. These stops primarily serve bus routes, with a total of one individual route providing service to these stops. This results in 35 weekly passenger trips collectively across all stops.

The accessibility of transport in Beveridge is rated as good, with residents typically located approximately 379 meters from their nearest transport stop. The service frequency averages five trips per day across all routes, which equates to roughly three weekly trips per individual stop.

Beveridge's residents boast exceedingly positive health performance metrics with both young and old age cohorts seeing low prevalence of common health conditions

Health outcomes data shows excellent results across Beveridge. Both younger and older age cohorts exhibit low prevalence of common health conditions.

Private health cover rate is very high at approximately 55% of the total population (around 5,503 people), compared to 50.5% in Greater Melbourne. The most prevalent medical conditions are asthma and mental health issues, affecting 7.9 and 6.3% of residents respectively. A significant majority, 77.9%, report being completely free of medical ailments, compared to 74.0% in Greater Melbourne. Beveridge has a lower proportion of seniors aged 65 and over at 6.6% (655 people), compared to 13.2% in Greater Melbourne. Despite this, health outcomes among seniors require particular attention.

The level of cultural diversity witnessed in Beveridge was found to be above average when compared nationally for a number of language and cultural background related metrics

Beveridge's population was found to be more culturally diverse than most local markets, with 25.6% born overseas and 27.3% speaking a language other than English at home. Christianity was the predominant religion in Beveridge, accounting for 45.4%. However, the category 'Other' showed significant overrepresentation at 8.0%, compared to Greater Melbourne's 4.4%.

In terms of ancestry, Australian-born parents were highest at 24.9%, substantially above the regional average of 17.3%. English-born parents followed at 19.9%, with 'Other' at 15.2%. Notably, Maltese (2.3% vs 1.5%), Macedonian (1.3% vs 4.6%), and Italian (6.3% vs 9.6%) groups showed distinct differences in representation compared to regional averages.

Beveridge hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Beveridge's median age is 31 years, which is lower than the Greater Melbourne average of 37 and significantly below the Australian median of 38. Beveridge has a higher concentration of residents aged 5-14 at 17.2%, compared to Greater Melbourne's 16.9% and Australia's 12.2%. However, Beveridge has fewer residents aged 55-64 at 6.8%, compared to Greater Melbourne's 10.3%. Between 2021 and present day, the age group of 35 to 44 years has increased from 17.4% to 20.3% of Beveridge's population. Conversely, the age group of 45 to 54 years has decreased from 11.7% to 10.4%. By 2041, demographic modeling projects significant changes in Beveridge's age profile. The 35 to 44 age cohort is projected to increase by 64%, from 2,015 people to 3,309 people.