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

As of Feb 2026, the estimated population of Invermay Park is around 1,751. This reflects an increase from the 2021 Census figure of 1,692 people, a rise of 59 individuals or approximately 3.5%. The latest estimate of 1,712 residents was derived by AreaSearch following analysis of the ABS's June 2024 ERP data release and validation of 90 new addresses since the Census date. This results in a population density ratio of 697 persons per square kilometer, comparable to averages observed across other locations assessed by AreaSearch. The primary driver for Invermay Park's population growth has been overseas migration, contributing about 43.0% of overall population gains during recent periods.

However, all factors including natural growth and interstate migration have been positive contributors. AreaSearch employs ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch uses the VIC State Government's Regional/LGA projections from 2023, adjusted using a weighted aggregation method from LGA to SA2 levels. Growth rates by age group are applied across all areas for the years 2032 to 2041. By 2041, Invermay Park is projected to experience significant population growth, with an increase of 395 persons anticipated based on aggregated SA2-level projections. This would represent a total gain of approximately 20.3% over the 17-year period.

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

AreaSearch analysis of ABS building approval numbers allocated from statistical area data shows Invermay Park averaged around 9 new dwelling approvals annually over the past 5 financial years, totalling an estimated 46 homes. So far in FY-26, 7 approvals have been recorded. Between FY-21 and FY-25, an average of 1.4 people moved to the area per dwelling built annually. New properties are constructed at an average value of $545,000, indicating a focus on premium segment 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 regional average per person). This limited new supply generally supports stronger demand and values for established homes, with building activity accelerating 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 focused on family homes appealing to those seeking space, with around 128 people per approval.

Invermay Park is expected to grow by 356 residents through to 2041, according to AreaSearch's latest quarterly estimate. Construction pace is maintaining reasonable growth, although buyers may encounter growing competition as population increases.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified two projects expected to affect the area: Ballarat North Precinct Structure Plan, Central Neighbourhood Activity Centre Ballarat North, Wendouree Station Precinct Structure Plan and Urban Design Framework, Ballarat Major Events Precinct Upgrades.

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The labour market strength in Invermay Park positions it well ahead of most Australian regions

Invermay Park has a skilled workforce with essential services sectors well represented. The unemployment rate was 1.1% as of December 2025. This rate is below Regional Vic.'s rate of 3.7%, which was 2.6% higher.

Workforce participation in Invermay Park was 65.5%, compared to Regional Vic.'s 61.5%. According to Census responses, 12.2% of residents worked from home, considering Covid-19 lockdown impacts. The leading employment industries among residents were health care & social assistance, education & training, and retail trade. Invermay Park had a particular specialization in education & training, with an employment share 1.5 times the regional level.

Conversely, agriculture, forestry & fishing was under-represented, with only 1.2% of Invermay Park's workforce compared to 7.5% in Regional Vic.. The area appeared to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Between December 2024 and December 2025, the labour force decreased by 0.4%, alongside a 0.4% employment decline, leaving unemployment broadly flat. In contrast, Regional Vic. saw employment contract by 0.6%, the labour force fall by 0.7%, and unemployment fall by 0.1 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggested potential future demand within Invermay Park. These projections estimated that national employment would expand by 6.6% over five years and 13.7% over ten years, with varying growth rates between industry sectors. Applying these industry-specific projections to Invermay Park's employment mix indicated local employment should increase by 6.3% over five years and 13.3% over ten years.

Income levels sit below national averages according to AreaSearch assessment

AreaSearch's aggregation of latest postcode level ATO data released for financial year ending June 2023 indicates Invermay Park had a median taxpayer income of $46,244 and an average income of $59,375. These figures are lower than national averages of $50,954 (median) and $62,728 (average) in Regional Victoria. By September 2025, based on an 8.25% Wage Price Index growth since financial year ending June 2023, estimated incomes would be approximately $50,059 (median) and $64,273 (average). The 2021 Census data shows Invermay Park's household, family, and personal incomes rank modestly, between the 38th and 51st percentiles. In this suburb, 37.0% of individuals earn between $1,500 - 2,999, reflecting a pattern seen in metropolitan regions where 30.3% fall within 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 structures, as per the latest Census, consisted of 96.0% houses and 4.0% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Regional Vic.'s 96.0% houses and 4.0% 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 Regional Vic.'s average of $1,430. Median weekly rent in Invermay Park was $340, compared to Regional Vic.'s $285. Nationally, Invermay Park's mortgage repayments were lower at $1,517 versus the Australian 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 comprise 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 account for 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, which is larger than the Regional 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 prominent, 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 operational public transport stops. Two routes serve these stops, offering a total of 362 weekly passenger trips. Transport accessibility is rated highly, with residents typically located 189 meters from the nearest stop. Most residents commute outward due to its residential nature. Cars are the primary mode of transport at 98%. On average, there are 1.7 vehicles per dwelling, higher than the regional average.

According to the 2021 Census, only 12.2% of residents work from home, which might be influenced by COVID-19 conditions. Service frequency averages 51 trips daily across all routes, equating to around 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 closely align with national benchmarks. AreaSearch assessed mortality rates and chronic condition prevalence as fairly standard across young and old age cohorts.

Private health cover was found to be relatively low at approximately 50% of the total population (~881 people), compared to the national average of 55.7%. The most common medical conditions were arthritis (10.4%) and asthma (9.1%). 61.6% of residents declared themselves completely clear of medical ailments, compared to 63.4% across Regional Vic.. The working-age population faces notable health challenges with elevated chronic condition rates. 26.0% of residents are aged 65 and over (455 people), higher than the 23.9% in Regional Vic.. Health outcomes among seniors rank particularly strong, even higher than the general population nationally.

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's cultural diversity was found to be below average, with 95.0% of its population born in Australia, 95.0% being citizens, and 98.4% speaking English only at home. Christianity was the main religion in Invermay Park, comprising 62.2% of people, compared to 47.3% across Regional Vic. The top three ancestry groups were English (33.2%), Australian (31.4%), and Irish (12.7%).

Notably, Dutch representation was higher than regional averages at 1.8%, Scottish at 9.1%, and Welsh at 0.5%.

Invermay Park ranks among the oldest 10% of areas nationwide

Invermay Park has a median age of 49, which is higher than Regional Vic's figure of 43 and Australia's average of 38 years. Compared to the Regional Vic average, Invermay Park has an over-representation of the 55-64 cohort at 15.9%, while the 35-44 age group is under-represented at 9.4%. Between 2021 and present, the 25-34 age group has grown from 7.7% to 9.8%, and the 35-44 cohort has increased from 8.0% to 9.4%. Conversely, the 55-64 cohort has decreased from 17.9% to 15.9%. By 2041, demographic projections show significant shifts in Invermay Park's age structure. The 25-34 age group is projected to increase by 97 people (57%), from 171 to 269. Meanwhile, the 65-74 cohort is expected to grow by a modest 6%, adding 15 people.