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, and new addresses validated by AreaSearch since the Census, Ivanhoe's population is estimated at around 15,612 as of Feb 2026. This reflects an increase of 2,238 people (16.7%) since the 2021 Census, which reported a population of 13,374 people. The change is inferred from the resident population of 14,792 estimated by AreaSearch following examination of the latest ERP data release by the ABS (June 2024) and an additional 309 validated new addresses since the Census date. This level of population equates to a density ratio of 2,818 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Ivanhoe's 16.7% growth since the 2021 census exceeded the SA3 area (8.1%), along with the national average, marking it as a growth leader in the region. Population growth for the suburb was primarily driven by overseas migration that contributed 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 any SA2 areas not covered by this data, AreaSearch utilises the 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 from these aggregations are also applied across all areas for years 2032 to 2041. Looking at population projections moving forward, exceptional growth, placing in the top 10 percent of statistical areas analysed by AreaSearch, is predicted over the period with the suburb expected to increase by 6,511 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 32.5% in total over the 17 years.

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

Ivanhoe experienced approximately 169 dwelling approvals annually. Between FY2021 and FY2025, around 849 homes received approval. In FY2026 up to June, 122 dwellings were approved.

On average, 0.4 people moved to the area per dwelling built over the past five financial years. New supply has kept pace with or exceeded demand, offering ample buyer choice and capacity for population growth beyond current forecasts. The average expected construction cost value of new homes was $538,000, indicating a focus on the premium market. In FY2026 up to June, $76.7 million in commercial development approvals were recorded, showing strong commercial development momentum. Compared to Greater Melbourne, Ivanhoe has 84.0% higher construction activity per person, suggesting strong developer confidence in the location. New developments consist of 15.0% detached dwellings and 85.0% attached dwellings, offering affordable entry pathways for downsizers, investors, and first-time purchasers. This represents a significant shift from the current housing mix of 53.0% houses.

Ivanhoe reflects a developing area with around 93 people per approval. Future projections estimate Ivanhoe will add 5,076 residents by 2041. Existing development levels appear 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

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 29 projects that may affect this region. Notable initiatives include the Austin Health Heidelberg Repatriation Hospital Redevelopment, Riverbend Ivanhoe, Ivanhoe Aquatic Centre Redevelopment Stage 2, and Austin Hospital Emergency Department Expansion. The following list details those most likely to be 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 strong professional services representation. Its unemployment rate is 2.2%, lower than Greater Melbourne's 4.7%. Employment stability was maintained over the past year.

As of September 2025, 8,581 residents are employed, with an unemployment rate of 2.5% and workforce participation at 68.1%. A high proportion, 45.6%, work from home, possibly due to Covid-19 lockdown impacts. Key employment sectors 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, employment increased by 0.3% while labour force grew by 0.3%, with unemployment remaining stable. In contrast, Greater Melbourne saw employment growth of 3.0% and labour force growth of 3.3%. National employment forecasts from Jobs and Skills Australia project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Ivanhoe's employment mix suggests local employment could grow by 7.3% in five years and 14.8% in ten years, though this is a simple extrapolation for illustrative purposes only.

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

According to AreaSearch's aggregation of ATO data released on 30 June 2023 for financial year 2023, Ivanhoe suburb had a median income among taxpayers of $67,302 and an average level of $111,848. Nationally, this places Ivanhoe in the top percentile. Comparing to Greater Melbourne's levels of $57,688 and $75,164 respectively. By September 2025, estimated median income would be approximately $72,854 and average $121,075, based on Wage Price Index growth of 8.25%. Census 2021 data shows Ivanhoe's household, family, and personal incomes rank between the 80th and 85th percentiles nationally. Income profile reveals 29.2% (4,558 individuals) earn $1,500 - 2,999, similar to surrounding regions at 32.8%. High weekly earnings exceeding $3,000 are achieved by 37.1% of households, indicating strong consumer spending. Housing accounts for 14.0% of income and residents rank in the 81st percentile for disposable income. Ivanhoe's SEIFA income ranking places it in the 9th decile.

Ivanhoe displays a diverse mix of dwelling types, with above-average rates of outright home ownership

The dwelling structure in Ivanhoe, as per the latest Census, consisted of 52.9% houses and 47.0% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 67.9% houses and 32.1% 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 average of $2,000. The median weekly rent in Ivanhoe was $430, compared to Melbourne metro's $390. Nationally, Ivanhoe's mortgage repayments were significantly higher than the Australian average of $1,863, while 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 compose 67.3% of all households, including 31.2% couples with children, 26.4% couples without children, and 8.5% single parent families. Non-family households constitute 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 2.6.

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

In Ivanhoe, residents aged 15 and above exhibit higher educational attainment compared to broader benchmarks. Specifically, 53.7% of residents possess university qualifications, surpassing the national average of 30.4% and the SA4 region's 32.8%. This notable educational advantage positions the area favourably for knowledge-based opportunities. Bachelor degrees are most prevalent at 32.5%, followed by postgraduate qualifications (15.6%) and graduate diplomas (5.6%).

Vocational pathways account for 19.5% of qualifications among those aged 15 and above, with advanced diplomas at 9.5% and certificates at 10.0%. Educational participation is notably high in Ivanhoe, 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 shows 68 active transport stops operating within Ivanhoe. These are served by 14 routes, providing a total of 4,177 weekly passenger trips. Transport accessibility is excellent, with residents typically located 198 meters from the nearest stop. Most commuters travel outward due to Ivanhoe's residential nature. Cars remain the dominant mode at 76%, followed by train at 10% and walking at 6%. Average vehicle ownership per dwelling is 1.2.

According to the 2021 Census, a high 45.6% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 596 trips per day across all routes, resulting in approximately 61 weekly trips per individual stop.

Ivanhoe's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Ivanhoe's health outcomes show excellent results based on AreaSearch's assessment of mortality rates and chronic condition prevalence, with very low prevalence across all age groups. Private health cover is exceptionally high at approximately 71% of the total population (11,053 people), compared to 56.7% in Greater Melbourne and a national average of 55.7%. The most common conditions are mental health issues affecting 8.3% of residents and asthma impacting 7.1%, while 71.0% report being completely clear of medical ailments, compared to 72.6% in Greater Melbourne.

Under-65s show better than average health outcomes. The area has 20.9% of residents aged 65 and over (3,262 people), higher than Greater Melbourne's 15.1%. Health outcomes among seniors are strong, broadly in line with national rankings.

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 high cultural diversity, with 27.9% born overseas and 24.1% speaking a language other than English at home. Christianity was the predominant religion in Ivanhoe, accounting for 45.0%. However, Judaism was overrepresented compared to Greater Melbourne, making up 0.3% versus 1.0%.

The top three ancestry groups were English (21.6%), Australian (18.9%), and Irish (10.2%). Notably, Italian (8.2%) and Greek (4.3%) populations were higher than regional averages of 5.2% and 2.7%, respectively. Macedonian ancestry was also slightly overrepresented at 0.9%.

Ivanhoe's population is slightly older than the national pattern

Ivanhoe's median age is 40, slightly higher than Greater Melbourne's 37 and Australia's 38. The 65-74 age group is notably over-represented in Ivanhoe at 10.9%, compared to the Greater Melbourne average. Meanwhile, the 5-14 year-olds are under-represented at 9.1%. From 2021 to present, the 75-84 age group has increased from 5.1% to 7.2% of the population, while the 5-14 cohort has decreased from 10.7% to 9.1%. By 2041, demographic modeling projects significant changes in Ivanhoe's age profile. The 75-84 age group is projected to grow by 90%, from 1,124 to 2,140 people. Conversely, the 0-4 cohort is expected to grow modestly by 8% (46 people).