Invermay Park

Invermay Park is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

The population of Invermay Park is estimated at 1,751 as of Feb 2026. This reflects an increase from the 2021 Census figure of 1,692 people, marking a growth of 3.5%. The current resident population estimate of 1,712 by AreaSearch, following examination of ABS ERP data released in June 2024 and validation of 90 new addresses since the Census date, indicates this level of population density is relatively inline with averages seen across locations assessed by AreaSearch. Overseas migration contributed approximately 43.0% of overall population gains during recent periods, although all drivers including natural growth and interstate migration were positive factors. For future projections, AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022.

As we examine future trends, the suburb of Invermay Park is forecasted to experience significant population growth by 2041, with an expected increase of 413 persons, reflecting a gain of 22.6% in total over the 17 years.

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

Based on AreaSearch analysis of ABS building approval numbers allocated from statistical area data, Invermay Park has averaged approximately nine new dwelling approvals annually over the past five financial years ending 30 June 2025. This totals an estimated forty-five homes. As of 6 July 2026, six approvals have been recorded in the current financial year. On average, 1.5 people per year have moved to the area for each dwelling built between FY-21 and FY-25, indicating a balance between supply and demand with stable market dynamics.

New properties are constructed at an average expected cost of $545,000, reflecting a focus on the premium segment with upmarket properties. In FY-26, there have been $180,000 in commercial approvals, suggesting minimal commercial development activity. Compared to Rest of Vic., Invermay Park has significantly less development activity, 56.0% below the regional average per person as of June 2026. This limited new supply generally supports stronger demand and values for established homes, although building activity has accelerated in recent years.

New development consists of 91.0% detached dwellings and 9.0% medium and high-density housing, maintaining the area's traditional low density character with a focus on family homes appealing to those seeking space. With approximately 128 people per approval, Invermay Park reflects a low density area. According to the latest AreaSearch quarterly estimate as of June 2026, Invermay Park is expected to grow by 395 residents through to 2041. Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth.

Invermay Park has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

AreaSearch has identified two projects that are expected to impact the area significantly. These key projects include the Ballarat North Precinct Structure Plan and Central Neighbourhood Activity Centre in Ballarat North, as well as the Wendouree Station Precinct Structure Plan and Urban Design Framework. Additionally, the Ballarat Major Events Precinct Upgrades project is also noted.

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

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AreaSearch analysis reveals Invermay Park significantly outperforming the majority of regions assessed nationwide

Invermay Park has a skilled workforce with essential services sectors well represented. The unemployment rate was 1.1% in the past year, with an estimated employment growth of 2.1%. As of September 2025951 residents are employed, and the unemployment rate is 2.6% lower than Rest of Vic.'s rate of 3.8%.

Workforce participation is at 64.1%, slightly higher than Rest of Vic.'s 61.4%. Only 12.2% of residents work from home, though Covid-19 lockdown impacts may have influenced this figure. The leading employment industries are health care & social assistance, education & training, and retail trade. Invermay Park has a particular specialization in education & training, with an employment share 1.5 times the regional level.

Conversely, agriculture, forestry & fishing is under-represented, with only 1.2% of Invermay Park's workforce compared to Rest of Vic.'s 7.5%. The area appears to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Between September 2024 and September 2025, employment levels increased by 2.1%, and labour force increased by 1.9%, resulting in a decrease in unemployment by 0.2 percentage points. This contrasts with Rest of Vic., where employment contracted by 0.7%, the labour force fell by 0.6%, and unemployment rose marginally. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment should expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Invermay Park's employment mix, local employment is estimated to increase by 6.3% over five years and 13.3% over ten years.

Income levels sit below national averages according to AreaSearch assessment

According to AreaSearch's aggregation of ATO data released for financial year 2023, Invermay Park had a median income among taxpayers of $46,244 and an average level of $59,375. This is lower than the national average, which was $50,954 (median) and $62,728 (average) for Rest of Vic. By September 2025, based on Wage Price Index growth of 8.25%, estimated incomes would be approximately $50,059 (median) and $64,273 (average). The 2021 Census data shows household, family, and personal incomes in Invermay Park ranked modestly, between the 38th and 51st percentiles. In this suburb, 37.0% of individuals earn between $1,500 - 2,999, reflecting patterns seen in metropolitan regions where 30.3% occupy this earnings band. After housing costs, residents retain 90.9% of their income, indicating strong purchasing power. The area's SEIFA income ranking places it in the 5th decile.

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

Invermay Park's dwelling structure, as per the latest Census, consisted of 96.0% houses and 4.0% other dwellings. Compared to Non-Metro Vic., which had 90.1% houses and 9.9% other dwellings. Home ownership in Invermay Park stood at 53.7%, with mortgaged dwellings at 36.1% and rented ones at 10.2%. The median monthly mortgage repayment was $1,517, higher than Non-Metro Vic.'s average of $1,430. Median weekly rent in Invermay Park was $340, compared to Non-Metro Vic.'s $285. Nationally, Invermay Park's mortgage repayments were lower at $1,517 versus Australia's average of $1,863, and rents were also lower at $340 compared to the national figure of $375.

Invermay Park has a typical household mix, with a higher-than-average median household size

Family households account for 75.8% of all households, including 31.3% couples with children, 36.7% couples without children, and 7.3% single parent families. Non-family households make up the remaining 24.2%, with lone person households at 22.8% and group households comprising 1.2%. The median household size is 2.5 people, larger than the Rest of Vic average of 2.4.

Invermay Park shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

The area's university qualification rate is 19.0%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 12.3%, followed by graduate diplomas (3.7%) and postgraduate qualifications (3.0%). Vocational credentials are prevalent, with 35.6% of residents aged 15+ holding them, including advanced diplomas (11.0%) and certificates (24.6%). Educational participation is high at 25.7%, comprising secondary education (8.9%), primary education (7.5%), and tertiary education (4.4%).

Educational participation is notably high, with 25.7% of residents currently enrolled in formal education. This includes 8.9% in secondary education, 7.5% in primary education, and 4.4% pursuing tertiary education.

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

Invermay Park has 15 active public transport stops. These are served by two routes offering a total of 362 weekly passenger trips. The area's transport accessibility is rated excellent, with residents typically living 189 meters from the nearest stop. Most residents commute outward daily, predominantly using cars (98%). On average, there are 1.7 vehicles per dwelling, higher than the regional norm. Only 12.2% of residents work from home, according to the 2021 Census data.

Service frequency averages 51 trips per day across all routes, equating to approximately 24 weekly trips per individual stop.

Invermay Park's residents are relatively healthy in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Invermay Park's health metrics are close to national benchmarks, as assessed by AreaSearch using mortality rates and chronic condition prevalence. The area has a standard level of common health conditions across both young and old age cohorts.

Private health cover is relatively low, at approximately 50% of the total population (~881 people), compared to the national average of 55.7%. The most common medical conditions are arthritis (10.4%) and asthma (9.1%). A majority, 61.6%, report being completely clear of medical ailments, slightly lower than Rest of Vic.'s 63.4%. The working-age population faces notable health challenges due to elevated chronic condition rates. Invermay Park has a higher proportion of residents aged 65 and over (26.6%, or 465 people), compared to Rest of Vic.'s 23.9%. Despite this, health outcomes among seniors are strong, with national rankings even higher than the general population.

The latest Census data sees Invermay Park placing among the least culturally diverse areas in the country when compared across a range of language and cultural background related metrics

Invermay Park had a low level of cultural diversity, with 95.0% of its population born in Australia, 95.0% being citizens, and 98.4% speaking English only at home. Christianity was the predominant religion in Invermay Park, accounting for 62.2%, compared to 47.3% across Rest of Vic.. The top three ancestry groups were English (33.2%), Australian (31.4%), and Irish (12.7%).

Notably, Dutch, Scottish, and Welsh groups had higher representations than the regional averages: Dutch at 1.8% vs 1.7%, Scottish at 9.1% vs 8.8%, and Welsh at 0.5% vs 0.4%.

Invermay Park ranks among the oldest 10% of areas nationwide

Invermay Park has a median age of 50, which is higher than Rest of Vic's figure of 43 and well above the national average of 38. The 55-64 age group comprises 16.2%, compared to Rest of Vic's percentage, while the 35-44 cohort makes up 9.3%. This 55-64 concentration is notably higher than the national figure of 11.2%. Post the 2021 Census, the 25 to 34 age group has risen from 7.7% to 9.7%, and the 35 to 44 cohort has increased from 8.0% to 9.3%. Conversely, the 55 to 64 cohort has decreased from 17.9% to 16.2%. By 2041, demographic modeling projects significant changes in Invermay Park's age profile. The 25 to 34 age group is expected to increase markedly by 104 people (61%), from 169 to 274. Meanwhile, the 65 to 74 cohort is projected to grow by a modest 6%, adding 16 people.