Ivanhoe (Vic.)

Population growth drivers in Ivanhoe are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Based on analysis of ABS population updates for the broader area, the estimated population of Ivanhoe (Vic.) statistical area (Lv2) as of November 2025 is around 15,571. This reflects an increase of 2,197 people since the 2021 Census, which reported a population of 13,374 for the same area. The change was inferred from the resident population estimate of 14,792 by AreaSearch following examination of the latest ERP data release by the ABS (June 2024) and an additional 263 validated new addresses since the Census date. This level of population equates to a density ratio of 2,810 persons per square kilometer, placing Ivanhoe in the upper quartile relative to national locations assessed by AreaSearch. The growth rate of 16.4% since the 2021 census exceeded the SA3 area's growth rate of 8.0%, along with the national average, marking Ivanhoe as a growth leader in the region. Population growth was primarily driven by overseas migration contributing approximately 90.0% 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. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023 with adjustments made 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 based on these aggregations. Considering the projected demographic shifts, exceptional growth is predicted over the period with Ivanhoe expected to expand by 6,483 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 32.7% in total population over the 17 years.

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

Ivanhoe has averaged approximately 169 new dwelling approvals annually based on AreaSearch analysis of ABS building approval numbers. Between FY-21 and FY-25, an estimated 849 homes were approved, with a further 122 approved in FY-26 to date. The average population increase per year for each dwelling built over these five financial years was 0.4 people.

This indicates that new supply is meeting or exceeding demand, providing ample buyer choice and capacity for population growth beyond current forecasts. Developers focus on the premium market with an average construction value of $538,000 for new properties. In FY-26 to date, $76.7 million in commercial development approvals have been recorded, suggesting strong local business investment. Compared to Greater Melbourne, Ivanhoe shows 84.0% higher construction activity per person, indicating robust developer confidence in the location. New developments consist of 15.0% detached dwellings and 85.0% attached dwellings, reflecting a shift towards compact living that offers affordable entry pathways for downsizers, investors, and first-time purchasers. Ivanhoe's population growth is projected to add approximately 5,088 residents by 2041, according to the latest AreaSearch quarterly estimate. Existing development levels appear aligned with future requirements, helping maintain stable market conditions without significant price pressures.

Future projections show Ivanhoe adding 5,088 residents by 2041 (from the latest AreaSearch quarterly estimate). Existing development levels seem aligned with future requirements, maintaining stable market conditions without significant price pressures.

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

The performance of an area is significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 29 projects that are expected to impact the area. Notable projects include Austin Health Heidelberg Repatriation Hospital Redevelopment, Riverbend Ivanhoe, Ivanhoe Aquatic Centre Redevelopment Stage 2, and The Mills Alphington. Below is a list detailing those likely to be most relevant.

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

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AreaSearch analysis reveals Ivanhoe significantly outperforming the majority of regions assessed nationwide

Ivanhoe has an educated workforce with significant representation in professional services. Its unemployment rate is 2.2%, lower than Greater Melbourne's 4.7%.

Employment stability has been maintained over the past year. As of September 2025, 8,576 residents are employed, with a participation rate of 66.8% compared to Greater Melbourne's 64.1%. Key industries include health care & social assistance, professional & technical services, and education & training. Ivanhoe specializes in professional & technical jobs, with an employment share 1.4 times the regional level.

However, construction is under-represented at 6.3% compared to Greater Melbourne's 9.7%. Many residents commute elsewhere for work. Between September 2024 and September 2025, Ivanhoe's employment increased by 0.3%, while labour force grew by 0.3%, with unemployment remaining unchanged. In contrast, Greater Melbourne saw employment growth of 3.0% and a 0.3 percentage point rise in unemployment. Statewide, Victoria added 41,950 jobs between November 2024 and November 2025, growing by 1.13%. National forecasts project employment to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Ivanhoe's industry mix suggests local employment could increase by 7.3% over five years and 14.8% over ten years.

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

AreaSearch's aggregation of ATO data for financial year 2023 shows Ivanhoe had a median taxpayer income of $67,302 and an average income of $111,848. Nationally, these figures place Ivanhoe in the top percentile. Comparatively, Greater Melbourne had median and average incomes of $57,688 and $75,164 respectively. By September 2025, estimates based on an 8.25% Wage Price Index growth project median and average incomes to be approximately $72,854 and $121,075 in Ivanhoe. Census 2021 data ranks Ivanhoe's household, family, and personal incomes between the 80th and 85th percentiles nationally. Income distribution shows 29.2% of residents (4,546 individuals) earn between $1,500 - 2,999 annually, similar to the surrounding region at 32.8%. High weekly earnings exceeding $3,000 are achieved by 37.1% of households, indicating strong consumer spending power. Housing expenses consume 14.0% of income. Residents rank in the 81st percentile for disposable income and the area's SEIFA income ranking is in the 9th decile.

Ivanhoe displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

Ivanhoe's dwellings, as per the latest Census, consisted of 52.9% houses and 47.0% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 76.0% houses and 24.0% other dwellings. Home ownership in Ivanhoe stood at 35.8%, with mortgaged dwellings at 30.7% and rented ones at 33.5%. The median monthly mortgage repayment was $2,383, higher than Melbourne metro's $2,167. Median weekly rent was $430, compared to Melbourne metro's $399. Nationally, Ivanhoe's mortgage repayments were significantly higher at $2,383 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.

Ivanhoe has a typical household mix, with a lower-than-average median household size

Family households account for 67.3% of all households, consisting of 31.2% couples with children, 26.4% couples without children, and 8.5% single parent families. Non-family households make up the remaining 32.7%, with lone person households at 29.3% and group households comprising 3.5%. The median household size is 2.4 people, which is smaller than the Greater Melbourne average of 2.5.

Educational achievement in Ivanhoe places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Ivanhoe's residents aged 15+ have a higher university qualification rate of 53.7%, exceeding Australia's 30.4% and the SA4 region's 32.8%. This advantage is led by bachelor degrees at 32.5%, followed by postgraduate qualifications (15.6%) and graduate diplomas (5.6%). Vocational pathways account for 19.5%, with advanced diplomas at 9.5% and certificates at 10.0%. Educational participation is high, with 28.4% currently enrolled in formal education, including 8.5% in tertiary, 8.0% in primary, and 7.2% pursuing secondary education.

Educational participation is notably high, with 28.4% of residents currently enrolled in formal education. This includes 8.5% in tertiary education, 8.0% in primary education, and 7.2% pursuing secondary education.

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

Public transport analysis indicates 67 active transport stops operating within Ivanhoe. These comprise a mix of train and bus services. Fourteen individual routes service these stops, collectively providing 4,177 weekly passenger trips.

Transport accessibility is rated excellent, with residents typically located 198 meters from the nearest transport stop. Service frequency averages 596 trips per day across all routes, equating to approximately 62 weekly trips per individual stop.

The level of general health in Ivanhoe is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Ivanhoe shows superior health outcomes for both young and elderly populations, with low prevalence rates of common health conditions. Private health cover is exceptionally high at approximately 71% of the total population (11,024 people), compared to Greater Melbourne's 60.9% and Australia's national average of 55.7%. The most prevalent medical conditions are mental health issues affecting 8.3% of residents and asthma impacting 7.1%, while 71.0% report being completely free from medical ailments, compared to 69.3% in Greater Melbourne.

The area has a senior population of 20.1% (3,129 people), with health outcomes among seniors notably strong, outperforming the general population's health metrics.

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

Ivanhoe's population showed higher cultural diversity than most local markets, with 27.9% born overseas and 24.1% speaking a language other than English at home. Christianity was the predominant religion in Ivanhoe, making up 45.0% of its population. Notably, Judaism was overrepresented in Ivanhoe compared to Greater Melbourne, comprising 0.3% versus 0.2%.

The top three ancestry groups were English (21.6%), Australian (18.9%), and Irish (10.2%). Some ethnic groups showed significant differences: Italians made up 8.2% of Ivanhoe's population compared to 7.7% regionally, Greeks comprised 4.3% versus 3.0%, and Macedonians were at 0.9% versus 1.1%.

Ivanhoe's population is slightly older than the national pattern

Ivanhoe's median age is 40, slightly higher than Greater Melbourne's figure of 37 and Australia's average of 38 years. The 65-74 age group is notably over-represented in Ivanhoe at 10.7%, while the 5-14 year-olds are under-represented at 9.4%. Between 2021 and now, the 75-84 age group has grown from 5.1% to 6.7% of the population, while the 5-14 cohort has declined from 10.7% to 9.4%. By 2041, demographic modeling projects significant changes in Ivanhoe's age profile. The 75-84 age group is expected to surge dramatically, increasing by 1,090 people (105%) from 1,043 to 2,134. Meanwhile, the 5-14 cohort is projected to grow modestly by 2% (26 people).