Bundoora (Vic.)

Bundoora has seen population growth performance typically on par with national averages when looking at short and medium term trends

As of November 2025, the estimated population of Bundoora (Vic.) is around 31,092, reflecting a 10.8% increase since the 2021 Census which reported a population of 28,068 people. This growth was inferred from AreaSearch's estimate of 30,683 residents based on ABS ERP data released in June 2024 and an additional 115 validated new addresses since the Census date. The population density is approximately 1,781 persons per square kilometer, exceeding national averages assessed by AreaSearch. Bundoora's growth rate of 10.8% surpassed both national (8.9%) and state averages, marking it as a growth leader in the region. Overseas migration contributed around 94.0% of overall population gains during recent periods. Future projections, based on ABS/Geoscience Australia data released in 2024 with a base year of 2022, predict exceptional growth for Bundoora over the period to 2041.

The suburb is expected to increase by 15,952 persons by 2041, reflecting a gain of 50.6% in total population over the 17 years.

AreaSearch analysis of residential development drivers sees Bundoora recording a relatively average level of approval activity when compared to local markets analysed countrywide

AreaSearch analysis shows Bundoora averaged approximately 75 new dwelling approvals annually over the past five financial years, totalling an estimated 378 homes. As of FY26, 18 approvals have been recorded. The average number of new residents per year per new home was 1.8 between FY21 and FY25, indicating stable market conditions. However, this increased to 21.9 people per dwelling over the past two financial years, suggesting growing popularity and potential undersupply. New homes are being built at an average expected construction cost of $457,000, aligning with regional trends.

This year has seen $46.1 million in commercial approvals, indicating high local commercial activity. Development consists of 27.0% standalone homes and 73.0% townhouses or apartments, a shift from the area's current housing composition of 76.0% houses. Bundoora has around 601 people per approval, reflecting its established nature. Future projections estimate Bundoora to add 15,724 residents by 2041.

If development rates continue at their current pace, housing supply may not keep up with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Bundoora has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

The performance of an area is significantly influenced by changes to its local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 52 projects that are expected to impact the area. Notable projects include the M80 Ring Road Completion, Research and Development Centre, Bundoora Centre Expansion, and Uni Hill Factory Outlets Stage 3A. The following list details those projects likely to be most relevant.

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

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The employment environment in Bundoora shows above-average strength when compared nationally

Bundoora has a well-educated workforce with essential services sectors well represented. The unemployment rate was 3.0% in the past year, with an estimated employment growth of 2.4%.

As of June 2025, there were 17,176 residents employed, with an unemployment rate of 1.6%, below Greater Melbourne's rate of 4.6%. Workforce participation was somewhat lower at 60.9% compared to Greater Melbourne's 64.1%. The dominant employment sectors among residents included health care & social assistance, retail trade, and construction.

Professional & technical services employed only 7.7% of local workers, below Greater Melbourne's 10.1%. Many residents appear to commute elsewhere for work based on Census data. During the year to June 2025, employment levels increased by 2.4%, while labour force increased by 1.4%, causing the unemployment rate to fall by 1.0 percentage points. In contrast, Greater Melbourne experienced employment growth of 3.5% and labour force growth of 4.0%, with a rise in unemployment rate by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 suggest that national employment is forecast to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Bundoora's employment mix suggests local employment should increase by 6.6% over five years and 13.7% over ten years, based on a simple weighting extrapolation for illustrative purposes.

The area's income profile falls below national averages based on AreaSearch analysis

Bundoora's median taxpayer income was $48,829 with an average of $60,905 according to postcode level ATO data aggregated by AreaSearch in financial year 2022. This is lower than the national average, contrasting with Greater Melbourne's median income of $54,892 and average income of $73,761. By September 2025, estimates suggest a median income of approximately $54,767 and an average income of $68,311 based on Wage Price Index growth of 12.16% since financial year 2022. According to the 2021 Census, household income ranks at the 45th percentile ($1,668 weekly), while personal income sits at the 26th percentile. Distribution data shows that 32.6% of residents (10,135 people) fall within the $1,500 - 2,999 bracket, mirroring regional levels where 32.8% occupy this bracket. Housing affordability pressures are severe in Bundoora, with only 84.2% of income remaining after housing costs, ranking at the 46th percentile. The area's SEIFA income ranking places it in the 6th decile.

Bundoora is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

As per the latest Census evaluation in Bundoora, 76.1% of dwellings were houses while 23.9% consisted of semi-detached homes, apartments, and other types. This contrasts with Melbourne metropolitan area's figures which were unavailable for houses and other dwellings. Home ownership in Bundoora stood at 37.9%, with mortgaged properties making up 33.6% and rented dwellings accounting for 28.6%. The median monthly mortgage repayment in the area was $2,000, aligning with Melbourne metro's average. Meanwhile, the median weekly rent in Bundoora was $381, whereas Melbourne metro figures were unavailable. Nationally, Bundoora's median monthly mortgage repayments exceeded Australia's average of $1,863, and its median weekly rents surpassed the national figure of $375.

Bundoora features high concentrations of group households, with a median household size of 2.6 people

Family households account for 70.8% of all households, including 33.3% couples with children, 24.7% couples without children, and 11.1% single parent families. Non-family households make up the remaining 29.2%, with lone person households at 23.0% and group households comprising 6.3% of the total. The median household size is 2.6 people.

The educational profile of Bundoora exceeds national averages, with above-average qualification levels and academic performance metrics

In Bundoora, the university qualification level stands at 32.8%, slightly below Greater Melbourne's average of 37.0%. Bachelor degrees are most common (20.9%), followed by postgraduate qualifications (9.3%) and graduate diplomas (2.6%). Vocational credentials are also prevalent, with 27.3% of residents aged 15+ holding such qualifications, including advanced diplomas (11.0%) and certificates (16.3%).

Educational participation is high at 31.1%, comprising 10.3% in tertiary education, 7.1% in primary education, and 7.0% pursuing secondary education. Bundoora has a robust network of 7 schools educating approximately 4,300 students and exhibits above-average socio-educational conditions (ICSEA: 1052). The educational mix includes 3 primary, 2 secondary, and 2 K-12 schools.

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

The analysis of public transport in Bundoora shows that there are currently 136 active transport stops operating. These include a mix of light rail and bus services. There are 22 individual routes servicing these stops, which collectively provide 17,064 weekly passenger trips.

The accessibility of transport is rated as good, with residents typically located 285 meters from the nearest stop. On average, there are 2,437 trips per day across all routes, equating to approximately 125 weekly trips per individual stop.

Bundoora's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low among the general population though higher than the nation's average across older, at risk cohorts

Health data shows relatively positive outcomes for Bundoora residents.

Prevalence of common health conditions is quite low among the general population but higher than the national average in older, at-risk cohorts. Approximately 51% (~15,841 people) have private health cover. The most common medical conditions are arthritis (7.4%) and mental health issues (7.2%). About 71.6% declare they are completely clear of medical ailments compared to 0% across Greater Melbourne. Around 17.7% of residents are aged 65 and over (5,503 people). Health outcomes among seniors require more attention than the broader population.

Bundoora is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Bundoora's population has notable cultural diversity, with 39.5% born overseas and 44.0% speaking a language other than English at home. Christianity is the predominant religion in Bundoora, accounting for 53.1% of its residents. Buddhism, however, is more prevalent in Bundoora compared to Greater Melbourne, with 4.5% of its population identifying as Buddhist.

The top three ancestry groups are English (15.4%), Australian (15.2%), and Other (12.4%). Notably, Macedonian (4.0%), Italian (10.1%), and Greek (5.3%) ethnicities are overrepresented in Bundoora compared to the regional averages.

Bundoora's population aligns closely with national norms in age terms

Bundoora has a median age of 37 years, matching Greater Melbourne's figure and closely resembling Australia's median age of 38 years. The 15-24 age group constitutes 19.3% of Bundoora's population, higher than Greater Melbourne but lower than the national average of 12.5%. Between 2021 and present, the 15-24 age group has increased from 15.8% to 19.3%, while the 25-34 cohort rose from 15.7% to 16.9%. Conversely, the 45-54 age group decreased from 12.9% to 11.2%, and the 5-14 age group dropped from 9.6% to 8.4%. By 2041, demographic projections indicate significant shifts in Bundoora's age structure, with the 25-34 age group expected to grow by 51% (adding 2,668 people), reaching a total of 7,923 from its current figure of 5,254.