Lovely Banks

Suburb (SAL)

Rest of Vic. / Geelong

 
 
 
 
 
 
 
Data Sources ABSValuer GeneralRental BoardACARA Newest Aug 2026 · Refreshed ABS QuickStats SAL21544 How we calculate this
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Suburb (SAL) Boundary Analysis

This analysis uses Suburbs and Localities (SAL) boundaries, which can materially differ from Statistical Areas (SA2) even when sharing the same name.

SAL boundaries are defined by Australia Post and the Australian Bureau of Statistics to represent commonly-known suburb names used in postal addresses.

Statistical Areas (SA2) are designed for census data collection and may combine multiple suburbs or use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.

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Sales ActivityProperty Sales Trends in Lovely Banks

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DemographicsPopulation Growth in Lovely Banks

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Lovely Banks has an estimated 2,684 residents, down from 2,782 at the 2021 Census — a change of 98 people, or 3.5%. Density is about 90 people per square kilometre. Population is estimated from ABS Estimated Resident Population releases and GNAF address data, re-based from the 2021 Census and updated annually.

Detail

According to analysis of ABS population updates for the wider region, and new addresses validated by AreaSearch since the Census, the suburb of Lovely Banks has an estimated population of approximately 2,684 as of May 2026. This represents a decline of 98 residents (3.5%) relative to the 2021 Census, which counted 2,782 residents. This shift is calculated from the resident population of 2,684, estimated by AreaSearch using the newest ABS ERP data release (June 2025) and 1 validated new address since the Census date. This population count yields a density ratio of 89 persons per square kilometer, indicating substantial space per resident and capacity for additional growth.

Over the last ten years, the suburb of Lovely Banks has shown steady expansion trends with a 1.5% compound annual growth rate, exceeding the Rest of Vic.. Population expansion in the area was mostly fueled by net overseas migration, which accounted for roughly 66.0% of the overall population growth during recent times. AreaSearch implements ABS/Geoscience Australia projections for individual SA2 zones, published in 2024 with 2022 as the base year. For any SA2 regions lacking this coverage, AreaSearch employs the Regional/LGA projections from the VIC State Government released in 2023, adjusted via a weighted aggregation method of population growth from LGA to SA2 tiers. Growth rates by age group from these aggregations are likewise applied to all locations for the years 2032 to 2041. Regarding future demographic trends, projections indicate a major population increase within the top quartile of national regional areas, with the suburb of Lovely Banks expected to grow by 610 individuals to 2041 based on compiled SA2-level forecasts, representing an expansion of 22.7% overall across the 16 years.

Frequently Asked Questions - Population

What is the latest population estimate for the suburb of Lovely Banks?
Total population for the suburb of Lovely Banks was estimated to be approximately 2,684 as at May 26. This is based upon an estimated resident population of 2,684 from the ABS up to June 2025.
How has the population in the suburb of Lovely Banks changed since 2021?
The suburb of lovely banks has lost approximately 98 people and shown a 3.52% decrease from the 2,782 people recorded at the 2021 Census period.
What is the population density in the suburb of Lovely Banks?
The population density in the suburb of Lovely Banks is estimated at 89 persons per square kilometer based on the latest population estimate.
How much has the population grown over the past 10 years in the suburb of Lovely Banks?
Over the past 10 years, the population in the suburb of Lovely Banks has shown a compound annual growth rate of 1.5% per annum.
What are the main drivers of population growth in the suburb of Lovely Banks?
Population growth in the suburb of Lovely Banks is driven by: Overseas migration (66.0%), Natural increase (34.0%), Interstate migration (0.0%). The primary driver is Overseas migration, contributing 66.0% of overall population gains.

Residential SupplyHousing Development & Building Approvals in Lovely Banks

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Detail

Property development in Lovely Banks is minimal, with fewer than one dwelling approved on average each year (minimal dwellings over the five-year timeframe). Such restricted building volume is typical of rural areas, where housing requirements are low and construction is naturally constrained by local market demand and infrastructure capacity. It should be noted that with such low approval volumes, annual growth rates and comparative metrics can fluctuate significantly based on individual projects. Lovely Banks displays substantially lower levels of construction activity compared to the Rest of Vic.. This volume of building work is also below national trends.

Frequently Asked Questions - Development

How does the suburb of Lovely Banks's development activity compare to the broader region?
The suburb of Lovely Banks has seen 0.0 approvals per 100 people in recent years, compared to 0.82 approvals in the broader region. This means that one dwelling has been approved for every 0 people in the suburb of Lovely Banks, compared to one for every 156 in the broader region.
Is the suburb of Lovely Banks keeping up with housing demand?
With the population expected to increase by 610 people by 2041, around 204 new dwellings will be necessary. Recent approval levels may be insufficient to meet these forecasts, considering the census average of 3.0 persons per dwelling. This indicates potential housing shortages if current approval trends continue.
How many dwellings will be needed to accommodate future population growth in the suburb of Lovely Banks?
The population in the suburb of Lovely Banks is expected to grow by 610 people by 2041, necessitating approximately 204 new dwellings. This calculation is based on the current census average of 3.0 persons per dwelling in the area.
How does recent development compare to population growth in the suburb of Lovely Banks?
Over the past five years, the population in the suburb of Lovely Banks has grown by approximately 763 people, while 0 residential approvals were recorded. This equates to a ratio of inf people added for each new dwelling approval. This high ratio suggests strong population growth relative to housing supply, potentially indicating unmet housing demand.
Are there opportunities for residential developers in the suburb of Lovely Banks?
Based on recent development activity and a population of 2,684
Approvals Pipeline Development applications near Lovely Banks

Development applications around Lovely Banks

Development approvals is a new addition to AreaSearch. We’re actively expanding council coverage and refining the dataset — details and statuses for some councils may be partial. Check back regularly for the latest pipeline.
Application search is not available in Victoria. AreaSearch holds 7 applications for Lovely Banks, but they are a record of past activity rather than a current register. Victoria has no state-wide planning portal and its council coverage is uneven, so we have switched the search off here rather than return partial answers. We are currently investigating a solution. No credits are charged for Victorian applications, and building approvals from the ABS and the major projects we track are unaffected.

SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.

Project PipelineInfrastructure & Major Projects in Lovely Banks

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AreaSearch tracks one current infrastructure or development project inside Lovely Banks, worth an estimated $11 billion. A further 79 sit in the immediately surrounding suburbs, taking the tracked pipeline within reach of the area to $22.5 billion. 16 are already under construction and 22 are due for completion within three years. The pipeline spans residential development, communities, precincts & urban renewal and health & medical. Records are compiled from Infrastructure Australia, state agencies, council planning portals and public announcements, reviewed and updated daily, then ranked by proximity, construction stage, completion horizon and project scale.

Detail

Local infrastructure updates, major construction projects, and planning changes have a significant impact on local market performance. In total, 14 projects have been identified by AreaSearch as likely to affect this locality. Principal developments include the Lovely Banks Development, the Cedar Woods Corio Residential Estate, the Gateway Green Estate, and the Corio Convenience Retail Hub, with the following list outlining those expected to be most significant.

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Frequently Asked Questions - Infrastructure

What are some of the major infrastructure and planning changes likely to influence the suburb of Lovely Banks?
Key infrastructure and planning changes likely to influence the suburb of Lovely Banks include: Lovely Banks Development (Planning); Cedar Woods Corio Residential Estate (Planning); Gateway Green Estate (Construction); Corio Convenience Retail Hub (Completed); and Wattle Grove Estate (Completed). These projects represent significant developments that will shape the area's future infrastructure landscape.
What types of infrastructure projects are impacting the suburb of Lovely Banks?
Infrastructure development impacting the suburb of Lovely Banks spans multiple sectors including Communities, Precincts & Urban Renewal, Residential Development, and Health & Medical, among others.
What is the scale of infrastructure investment impacting the suburb of Lovely Banks?
Infrastructure investment analysis indicates substantial capital deployment exceeding $15.7 billion in projects that will impact the extended area, with a notable concentration of investment within the immediate the suburb of Lovely Banks vicinity.
How does the suburb of Lovely Banks's infrastructure development compare to other areas?
With an infrastructure score in the top 30%, the suburb of Lovely Banks demonstrates above-average development activity compared to national benchmarks.
Lovely Banks Development
Category: Communities, Precincts & Urban Renewal
Stage: Planning | Est. Comp: 2045
Source / Links: Link 1   Link 2  

A massive 2,000-hectare masterplanned community in Geelong's Northern Growth Area, Lovely Banks is designed to deliver approximately 15,000 homes for 45,000 residents. The project features five distinct neighbourhoods with defined edges, vibrant activity centres, and 6-10 schools. It prioritises sustainability via One Planet Living Principles, radical street designs focused on existing vegetation, and a skyline botanical garden. The development is currently progressing through the Elcho Road West Precinct Structure Plan (PSP) phase, with sales releases estimated for 2028.

Communities, Precincts & Urban Renewal

Gateway Green Estate
Category: Residential Development
Stage: Construction | Est. Comp: 2027
Source / Links: Link 1   

Masterplanned residential estate at the former Norlane High School site delivering approximately 125-130 homes through turnkey house and land packages together with future townhouse superlots. Civil construction is underway and completed house and land packages continue to be released for sale.

Residential Development

Somerley
Category: Residential Development
Stage: Approved | Est. Comp: 2031
Source / Links: Link 1   Link 2  

Somerley is a new masterplanned 18.6-hectare residential community in Corio, near Geelong. Acquired by Cedar Woods Properties, the project features 400 thoughtfully designed homes alongside beautiful parklands and a proposed central park. The estate caters to young families, first-home buyers, and downsizers, designed to address the anticipated housing supply shortfall in the greater Geelong market.

Residential Development

Stead Park Hockey Facility Upgrade
Category: Sports & Recreation
Stage: Construction | Est. Comp: 2026
Source / Links: Link 1   Link 2  

Redevelopment of Geelong's premier hockey venue at Stead Park, Corio, funded under the Victorian Government's Regional Sports Infrastructure Program. Works include a new two-storey pavilion centrally located between the two hockey pitches, featuring four change rooms, match officials rooms, canteen, equipment storage and first aid on the ground floor, and a social space, meeting room, kitchen and terrace seating overlooking both pitches on the upper level. The western pitch is being redeveloped with a new playing surface, fencing, drainage, 500 lux sports lighting and an electronic scoreboard to support national-level hockey events.Additional accessible car parking and a new access road are also included. Construction commenced September 2025 and is being delivered by Fairbrother Pty Ltd on behalf of Development Victoria and Sport and Recreation Victoria.

Sports & Recreation

Wathaurong Dreaming Project - Morgan Street Redevelopment
Category: Communities, Precincts & Urban Renewal
Stage: Construction | Est. Comp: 2027
Source / Links: Link 1   Link 2  

The Wathaurong Dreaming Project is a landmark 43.6 million dollar redevelopment of the Morgan Street site to create a centralized cultural and community hub. Designed by Woods Bagot, the project integrates comprehensive healthcare services including 12 GP rooms and dental suites with family, youth, and justice support services. The facility features culturally significant spaces such as a yarning circle, a dance circle, and a preserved Scar Tree, alongside a 300-seat conference center and a womens tranquility garden.The redevelopment expanded in 2024 with the acquisition of adjacent land at 43 The Boulevard to provide essential car parking and improved accessibility.

Communities, Precincts & Urban Renewal

Geelong Growth Area Transport Infrastructure Strategy
Category: Transport & Logistics
Stage: Planning | Est. Comp: 2026
Source / Links: Link 1   Link 2  

A strategic framework developed by the City of Greater Geelong in partnership with the Victorian State Government to guide transport investment across Geelong's three major growth areas - Armstrong Creek, Northern Geelong and Western Geelong. The strategy covers road and rail infrastructure, public transport, active travel and traffic management to support an estimated 175,000 new residents across the growth areas by 2051. Community engagement phases are complete and the strategy has informed the development of the broader Integrated Transport Strategy, which is currently in draft development with community feedback expected in early 2026.

Transport & Logistics

340-344 Melbourne Road Large Format Retail Redevelopment
Category: Precincts & Urban Renewal
Stage: Construction | Est. Comp: 2026
Source / Links: Link 1   Link 2  

Refurbishment and re-tenanting of a long-vacant large format retail building (former Ray's Outdoors / Super Retail Group) on a prominent corner site at Melbourne Road and Collopy Street, North Geelong. IP Generation acquired the 5,564 sqm landholding for $8.5 million in May 2025. Global secondhand retailer Savers has secured a long-term lease over approximately 2,390 sqm, with the balance of the 4,750 sqm building being offered to additional large format retail tenants. Works are underway to refurbish the structure, update facade treatments, and prepare tenancy fitouts.

Precincts & Urban Renewal

Geelong Ring Road Employment Precinct
Category: Business Parks & Technology Hubs
Stage: Construction | Est. Comp: 0
Source / Links: Link 1   Link 2  

The Geelong Ring Road Employment Precinct (GREP) is northern Geelong's largest designated industrial growth area, comprising approximately 500 hectares of Industrial 1 and Industrial 2 zoned land across Corio and Lara. The precinct supports manufacturing, logistics, advanced manufacturing, and warehousing industries with direct access to the Geelong Ring Road, Port of Geelong (6km), and Avalon Airport (12km). Active development includes multiple stages of the Bisinella Industrial Estate, new industrial subdivisions, and ongoing City of Greater Geelong rezoning and precinct structure planning.The Industrial Land Supply Review, adopted by Council in February 2025, is now with the Minister for Planning to guide long-term land supply policy for the region.

Business Parks & Technology Hubs

Jobs & IndustryEmployment Trends in Lovely Banks

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1,443 residents of Lovely Banks are employed, from a labour force of 1,603. Unemployment sits at 10.0%, with participation at 70.5%. Weighted for its industry mix, the area's sectors are forecast to grow about 6.2% nationally over five years. That reflects industry composition only and makes no allowance for local population growth. Unemployment and labour force come from ABS Small Area Labour Markets, updated quarterly; the industry and occupation profile is from the 2021 Census.

Detail

Lovely Banks has a qualified labor force, with the building sector being notably well represented, and an unemployment rate of 10.0%, according to AreaSearch's compilation of regional statistical data. As of March 2026, 1,443 local residents are employed, whereas the unemployment rate is 6.4% higher than the Regional Vic. rate of 3.7%, indicating potential for betterment, and labor force participation is significantly elevated (70.5% compared to 61.1% in Regional Vic.). Based on Census replies, a small 13.1% of residents worked from home, though the influence of Covid-19 pandemic restrictions should be kept in mind.

The primary employment sectors for local residents are health care & social assistance, construction, and retail trade. The workforce shows a highly concentrated representation in construction, with employment levels reaching 1.4 times the regional average. By contrast, agriculture, forestry & fishing is underrepresented at 1.2% compared to the regional average of 7.5%. The ratio of 0.6 workers for each resident at the time of the Census indicates a level of local job availability that is higher than average. Based on AreaSearch analysis of SALM and ABS statistics compiled from broader geographic areas, the labor force shrank by 0.9% and total employment fell by 1.1% over the 12 months ending March 2026, leading to a 0.2 percentage point increase in the unemployment rate. This contrasts with Regional Vic., which recorded a 0.1% employment dip, a 0.3% labor force contraction, and a 0.2 percentage point drop in unemployment. National employment forecasts from Jobs and Skills Australia published in May-25 provide additional context on prospective future demand within Lovely Banks. These projections, spanning five and ten-year horizons, have been aligned with the local employment profile to estimate growth dynamics. Although national employment is projected to grow by 6.6% over five years and 13.7% over ten years, growth rates vary widely by industry. Projecting these sector-specific forecasts onto the local employment distribution suggests that employment within Lovely Banks would increase by 6.2% over five years and 12.9% over ten years (note that this is a basic weighted extrapolation for demonstration purposes and does not incorporate localized population forecasts).

Frequently Asked Questions - Employment

What is the employment situation in the suburb of Lovely Banks?
As of March 2026, the suburb of Lovely Banks has approximately 1,443 employed residents with an unemployment rate of 10.0%. The elevated unemployment rate suggests challenging labour market conditions. The area faces employment challenges compared to other regions nationally.
How does the suburb of Lovely Banks's unemployment rate compare to the broader region?
As of March 2026, the unemployment rate in the suburb of Lovely Banks stands at 10.0%, which is 6.4 percentage points above Regional Vic.'s rate of 3.7%. This higher unemployment rate may indicate local labour market challenges. For comparison, the national unemployment rate is 4.2%.
What are the major employment sectors in the suburb of Lovely Banks?
The employment landscape in the suburb of Lovely Banks is dominated by several key sectors. The largest employers are health care & social assistance (14.9% of employment), construction (14.7%), and retail trade (12.4%). Other significant employers include manufacturing and accommodation & food.
How has employment changed recently in the suburb of Lovely Banks?
Over the past year to March 2026, the suburb of Lovely Banks has experienced a decline in employment, with total jobs decreasing while the labour force decreased. As a result, the unemployment rate has rise. By comparison, Regional Vic. saw employment decreased and its unemployment rate dropped.
What is the workforce participation rate in the suburb of Lovely Banks?
The workforce participation rate in the suburb of Lovely Banks is 70.5%, which represents the proportion of working-age residents who are either employed or actively seeking work. This high participation rate indicates strong workforce engagement and economic vitality. The local rate leading the Regional Vic. average of 61.1%, indicating stronger workforce attachment in the local area.
Which industries are over-represented in the suburb of Lovely Banks's employment market?
The suburb of lovely banks shows notable specialization in construction, which employs 14.7% of the local workforce compared to 10.4% regionally. This moderate specialization indicates some local strength in the sector. The area also shows above-average employment in 2 other sectors, contributing to a distinctive economic profile.
What are the employment growth prospects for the suburb of Lovely Banks?
Based on Jobs and Skills Australia projections applied to the suburb of Lovely Banks's industry mix, employment is expected to grow by 6.2% over the next five years and 12.9% over ten years. This compares to national growth expectations of 6.6% over five years. Steady growth is anticipated across multiple sectors, providing diverse employment opportunities.
How does the job market in the suburb of Lovely Banks compare nationally?
The suburb of lovely banks's employment market shows weaker performance compared to most areas nationally. This suggests the need for targeted economic development initiatives. Recent job advertisement trends show the broader employment region saw a 3.2% decline, ranking 26.0th out of 37 regions nationally.
What employment opportunities exist for skilled workers in the suburb of Lovely Banks?
Skilled workers will find good opportunities in the suburb of Lovely Banks, with skilled sectors accounting for 27.4% of employment. Key sectors for skilled workers include health care & social assistance (14.9%), education & training (6.0%), and professional & technical (4.1%). With projected employment growth of 6.2% over five years, demand for skilled workers is expected to remain strong.

EarningsHousehold Income in Lovely Banks

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Median household income in Lovely Banks is $1,991 a week (about $104,000 a year), with median personal income at $798 a week. ATO records put median taxable income at $63,992 a year against an average of $71,893. Household income is from the 2021 Census; taxable income is from ATO Taxation Statistics for the latest financial year available, indexed forward using the ABS Wage Price Index.

Detail

The newest postcode-level ATO statistics from AreaSearch for the 2023 financial year show that incomes in the suburb of Lovely Banks exceed the national average, with a median of $63,992 and an average of $71,893. This is higher than the Regional Vic. medians and averages of $50,954 and $62,728 respectively. Adjusted for Wage Price Index growth of 9.62% since the 2023 financial year, current estimates would be roughly $70,148 for the median and $78,809 for the average as of March 2026. Census findings show that household, family, and personal incomes in Lovely Banks align close to the 56th percentile nationally.

The income profile indicates that 36.3% of the population (974 residents) earn in the $1,500 - 2,999 range, which is comparable to the wider metropolitan trend of 30.3% in this category. After accounting for housing costs, residents keep 87.4% of their earnings, indicating strong discretionary spending capacity, and the area is positioned in the 4th decile for SEIFA income distribution.

Frequently Asked Questions - Income

What is the median taxable income in the suburb of Lovely Banks?
Based on Wage Price Index adjustments to March 2026, the estimated median taxable income in the suburb of Lovely Banks is approximately $70,148. The official ATO data from FY-23 recorded a median of $63,992.
What is the average taxable income in the suburb of Lovely Banks?
Based on Wage Price Index adjustments to March 2026, the estimated average taxable income in the suburb of Lovely Banks is approximately $78,809. The official ATO data from FY-23 recorded an average of $71,893.
How does the median taxable income in the suburb of Lovely Banks compare to the region?
Based on Wage Price Index adjustments to March 2026, the estimated median taxable income in the suburb of Lovely Banks is approximately $70,148 compared to $55,856 in Regional Vic.. The official ATO data from FY-23 shows $63,992 and $50,954 respectively.
How does the average taxable income in the suburb of Lovely Banks compare to the region?
Based on Wage Price Index adjustments to March 2026, the estimated average taxable income in the suburb of Lovely Banks is approximately $78,809 compared to $68,762 in Regional Vic.. The official ATO data from FY-23 shows $71,893 and $62,728 respectively.
What are the main income cohorts in the suburb of Lovely Banks according to the 2021 Census?
As per the 2021 Census, the income bracket containing the largest proportion (~36.3% / 974 persons) of the suburb of Lovely Banks's population is the $1,500 - 2,999 cohort.
How do the main income cohorts in the suburb of Lovely Banks compare to the region?
The largest income cohort in the suburb of Lovely Banks is the $1,500 - 2,999 group, representing about 36.3% of the population. In comparison, Regional Vic.'s largest income cohort is the $1,500 - 2,999 group, representing 30.3% of its population, according to the 2021 Census.
What is the median household income in the suburb of Lovely Banks according to the 2021 Census?
The 2021 Census data indicates that the median household income in the suburb of Lovely Banks is $1,991/wk.
What is the median family income in the suburb of Lovely Banks according to the 2021 Census?
According to the 2021 Census, the median family income in the suburb of Lovely Banks is $2,186/wk.
What is the median personal income in the suburb of Lovely Banks according to the 2021 Census?
The 2021 Census shows that the median personal income in the suburb of Lovely Banks is $798/wk.
How does the suburb of Lovely Banks's income rank nationally?
AreaSearch's latest postcode level ATO data for FY-23 reveals that income in the suburb of Lovely Banks is higher than average nationally, with the median assessed at $63,992 while the average income stands at $71,893. This contrasts to Regional Vic.'s figures of a median income of $50,954 and an average income of $62,728. Based on Wage Price Index growth of 9.62% since FY-23, current estimates would be approximately $70,148 (median) and $78,809 (average) as of March 2026.
What is the disposable income in the suburb of Lovely Banks?
The estimated disposable income in the suburb of Lovely Banks is $7,539 per year according to AreaSearch analysis.
How does the suburb of Lovely Banks's disposable income compare to the region?
The suburb of lovely banks's disposable income is $7,539 compared to $5,209 for Regional Vic., based on AreaSearch analysis.

Housing StockHousing & Dwellings in Lovely Banks

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Lovely Banks had 917 occupied dwellings at the 2021 Census, 91% detached houses and 5% apartments. 50% are owned with a mortgage, 14% rented and 36% owned outright. At that Census the median rent was $350 a week and the median mortgage repayment $1,747 a month. Rent absorbs 17.6% of household income here and mortgage repayments 20.2%. Dwelling stock, tenure and housing costs are 2021 Census measures — the only source that counts dwellings at this boundary size.

Detail

Residential structures in Lovely Banks at the time of the latest Census consisted of 91.4% standalone houses and 8.6% other housing types (such as semi-detached properties, apartments, and alternative dwellings), compared to 90.1% houses and 9.9% other housing types across Regional Vic.. Meanwhile, the rate of home ownership in Lovely Banks trailed behind the Regional Vic. average, sitting at 35.8%, with the remaining properties occupied by mortgage holders (50.0%) or tenants (14.2%). The median monthly mortgage payment in the area was significantly higher than the Regional Vic. average of $1,430 at $1,747, while the median weekly rent was recorded at $350, compared to $285 in Regional Vic..

On a national scale, mortgage payments in Lovely Banks are lower than the Australian average of $1,863, and rents are below the national median of $375.

Frequently Asked Questions - Housing

What percentage of homes are owned vs rented in the suburb of Lovely Banks?
In the suburb of Lovely Banks, 35.8% of homes are owned outright, 50.0% are owned with a mortgage, and 14.2% are rented.
What percentage of dwellings in the suburb of Lovely Banks are houses?
According to the latest data, 91.4% of dwellings in the suburb of Lovely Banks are houses.
What percentage of dwellings in the suburb of Lovely Banks are apartments or units?
In the suburb of Lovely Banks, 4.6% of dwellings are apartments or units, with an additional 4.0% being semi-detached dwellings.
What is the level of outright home ownership in the suburb of Lovely Banks?
Outright home ownership in the suburb of Lovely Banks stands at 35.8%, compared to 40.9% in Regional Vic..
What is the median monthly mortgage repayment in the suburb of Lovely Banks?
The median monthly mortgage repayment in the suburb of Lovely Banks is $1,747, compared to $1,430 in Regional Vic..
What is the median weekly rent in the suburb of Lovely Banks?
The median weekly rent in the suburb of Lovely Banks is $350, compared to $285 in Regional Vic..
What is the distribution of rental prices in the suburb of Lovely Banks?
In the suburb of Lovely Banks, 2.6% of rentals are $0-149/week, 43.5% are $150-349/week, 49.6% are $350-649/week, 4.3% are $650-949/week, and 0.0% are $950+/week.
What is the average monthly housing cost in the suburb of Lovely Banks?
The aggregate monthly housing cost in the suburb of Lovely Banks is $1,088, which represents the average monthly cost across all housing types.
What percentage of income do residents spend on housing in the suburb of Lovely Banks?
In the suburb of Lovely Banks, households with mortgages typically spend 20.2% of their income on mortgage repayments, while renters spend 17.6% of their income on rent.
How crowded are homes in the suburb of Lovely Banks?
The average persons per bedroom ratio in the suburb of Lovely Banks is 0.8, indicating the level of household density.
How does housing affordability in the suburb of Lovely Banks compare to the region?
Housing affordability in the suburb of Lovely Banks shows mortgage holders spending 20.2% of income on repayments (vs 23.8% regionally), while renters spend 17.6% of income on rent (vs 20.6% regionally).
What types of dwellings are most common in the suburb of Lovely Banks?
The dwelling mix in the suburb of Lovely Banks consists of 91.4% detached houses, 4.0% semi-detached dwellings, 4.6% apartments, and 0.0% other dwelling types.
What is the weighted average housing cost based on tenure mix in the suburb of Lovely Banks?
Accounting for the local ownership mix, the weighted average monthly housing cost is approximately $1,089. This accounts for outright owners paying no housing costs, mortgage holders paying $1,747/month, and renters paying $1,516/month.
How affordable is housing in the suburb of Lovely Banks relative to local incomes?
Housing in Lovely Banks consumes approximately 12.6% of median household income ($8,621 monthly), indicating costs are highly affordable. The generally accepted benchmark is that housing should not exceed 30% of household income.
How do proposed developments compare to existing housing types in the suburb of Lovely Banks?
No recent development applications are recorded for this area.

HouseholdsHousehold Composition in Lovely Banks

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Lovely Banks counted 917 households at the 2021 Census, averaging 2.9 people each. 41% are couples with children, more than in 80% of areas nationally, against 26% couples without children. 17% of households are people living alone, and families average 1.7 children. Household and family composition is measured only by the Census, so these are 2021 figures.

Detail

Family households make up the vast majority of households at 80.3%, consisting of 40.5% couples with children, 26.2% couples without children, and 13.0% single-parent households. Non-family households comprise the remaining 19.7%, with lone-person households representing 17.1% and group households accounting for 2.2% of the total. The median household size of 2.9 individuals is larger than the Regional Vic. average of 2.4.

Frequently Asked Questions - Households

How many households are in the suburb of Lovely Banks?
As of the 2021 Census, the suburb of Lovely Banks had 917 households. Based on population growth patterns, this has decreased by approximately 3.5% to an estimated 885 households today.
What is the typical household size?
The median household size in the suburb of Lovely Banks is 2.9 people. This compares to 2.4 in Regional Vic. and reflects the area's household composition mix.
What types of households are most common?
Family households dominate at 80.3% of all households. The remaining households consist of lone person households (17.1%), group households (2.2%), and other household types (0.8%).
How are families structured in the area?
Among the 736 family households, 40.5% are couples with children, 26.2% are couples without children at home, and 13.0% are single parent families. This mix shapes local demand for schools, family services, and housing types.
How does the suburb of Lovely Banks compare to regional household patterns?
Compared to Regional Vic., the suburb of Lovely Banks shows distinct household patterns. Family households are notably over-represented at 80.3% (versus 67.8% regionally). Conversely, lone person households are under-represented at 17.1% compared to the regional 29.3%. This family-oriented profile influences local demand for family homes, schools, and children's services.
What is the average family size?
Families in the suburb of Lovely Banks have an average of 1.7 children, slightly below the Regional Vic. average of 1.8. This influences local demand for child-related services and larger family homes.
What are the marriage patterns in the suburb of Lovely Banks?
Marriage patterns reveal 48.1% of the adult population are currently married, while 38.5% have never married. This compares to 46.3% married and 34.0% never married across Regional Vic..
How significant are single-person households?
Single-person households represent 17.1% of all households in the suburb of Lovely Banks, notably lower than the regional average of 29.3%. This affects demand for smaller dwellings and single-person accommodation.
Are shared living arrangements common?
Group households (unrelated people sharing) account for 2.2% of households, well below the Regional Vic. average of 2.9%. This low rate suggests limited student or young professional shared accommodation.
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EducationSchools & Education in Lovely Banks

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16.6% of adults in Lovely Banks hold a university qualification, including 11.7% with a bachelor degree and 3.4% with postgraduate qualifications. A further 27.3% hold a vocational qualification. 1 school serves the area, with 310 enrolment places and an average ICSEA of 1,030 against a national benchmark of 1,000. Qualifications come from the 2021 Census; school enrolments, ICSEA and results come from ACARA's current release.

Detail

The community experiences some educational hurdles, with university graduation rates (16.6%) tracking well below the Victorian average of 33.4%. This represents both a hurdle and an opening for targeted educational programs. Bachelor degrees are the most common qualification at 11.7%, followed by postgraduate degrees (3.4%) and graduate diplomas (1.5%). Vocational and technical training are highly represented, with 37.9% of residents aged 15+ holding a vocational qualification, consisting of advanced diplomas (10.6%) and certificates (27.3%). Enrollment rates in education are quite high, with 29.0% of the population presently undertaking formal study.

This comprises 9.3% in secondary school, 8.6% in primary school, and 4.9% studying at the tertiary level.

Frequently Asked Questions - Education

What percentage of people in the suburb of Lovely Banks have university qualifications?
16.6% of people aged 15 and over in the suburb of Lovely Banks have university qualifications, compared to 21.7% in the broader region.
What percentage of people in the suburb of Lovely Banks have no formal qualifications?
45.4% of people aged 15 and over in the suburb of Lovely Banks have no formal qualifications, compared to 40.4% regionally.
How does the suburb of Lovely Banks's education level compare to national averages?
The suburb of lovely banks ranks in the 47th percentile nationally for education based on AreaSearch's analysis of qualification and performance metrics.
What types of qualifications are most common in the suburb of Lovely Banks?
The most common qualifications in the suburb of Lovely Banks are: Certificate (27.3%), Bachelor Degree (11.7%), Advanced Diploma (10.6%).
What proportion of the suburb of Lovely Banks's population is currently attending educational institutions?
29.0% of the population in the suburb of Lovely Banks is currently engaged in formal education, with 8.6% in primary school, 9.3% in secondary school, 4.9% at university.
What is the ICSEA score for schools in the suburb of Lovely Banks?
The average ICSEA (Index of Community Socio-Educational Advantage) score for schools in the suburb of Lovely Banks is 1030, indicating average socio-educational advantage (national average is 1000).
How many schools are located within the suburb of Lovely Banks?
There are 1 schools within the suburb of Lovely Banks, with a combined enrollment of approximately 310 students.
What types of schools are available in the suburb of Lovely Banks?
The suburb of lovely banks includes 1 combined school.

Schools Detail

AmenitiesServices & Amenities in Lovely Banks

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Getting AroundTransport & Commuting in Lovely Banks

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Public transport in Lovely Banks reaches 5 stops on 1 route, timetabled for about 260 services a week. The typical home sits about 420 m from its nearest stop. Households keep an average of 2.1 vehicles. Stop and service counts are built from operators' published GTFS timetables and refresh with each timetable release; vehicle ownership is from the 2021 Census.

Detail

Analysis of public transport shows there are 5 active transit stops functioning in Lovely Banks. These stops are served by 1 separate routes, which together provide 261 passenger trips each week. Transport accessibility is classified as moderate, with residents living an average of 421 meters from their closest transport stop. Due to the residential nature of the area, most residents travel elsewhere for work, and private vehicles are the primary mode of travel at 96%. Vehicle ownership averages 2.1 cars per household, which is above the regional average. A small 13.1% of residents work from home (based on 2021 Census data, which may reflect the impact of COVID-19 safety measures).

Transit service frequency averages 37 runs daily across all routes, which translates to approximately 52 weekly trips for each transport stop.

Frequently Asked Questions - Transport

How many public transport stops are in Lovely Banks?
There are 5 public transport stops within the suburb of Lovely Banks.
How frequent are the transport services in Lovely Banks?
the suburb of Lovely Banks has 261 weekly trips across 1 routes, averaging 37 trips per day.
How far are residents from public transport in Lovely Banks?
On average, residential properties are 421 meters from the nearest transport stop.

Transport Stops Detail

HealthcareHealth Services in Lovely Banks

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75.2% of residents in Lovely Banks report no long-term health condition. 6.0% need daily assistance with core activities, and 55.2% hold private health cover. The standardised death rate runs at 5.0 per 1,000 residents. Health conditions, assistance needs and insurance are 2021 Census measures; the death rate comes from current ABS releases.

Detail

Lovely Banks displays favorable health statistics based on AreaSearch's evaluation of mortality data and the occurrence of chronic illness, with both younger and older demographics showing low rates of widespread health conditions, while the proportion of residents with private health insurance is exceptionally high at roughly 55% of the population (~1,482 people). This compares to 50.5% across Regional Vic.. Asthma and mental health issues were identified as the most prevalent medical conditions in the locality, affecting 6.6% and 6.4% of residents respectively, while 75.2% of the population reported no medical conditions at all, compared to 63.4% in Regional Vic..

The working-age population is particularly healthy with low rates of chronic illness. Residents aged 65 and over make up 13.5% of the local population (362 people), which is lower than the 23.9% average in Regional Vic.. Health trends for older residents are positive, with national comparative rankings matching those of the broader community.

Frequently Asked Questions - Health

How many people in the suburb of Lovely Banks have private health insurance?
Around 55.2% of people in the suburb of Lovely Banks are covered by private health insurance, which compares to 50.5% in the broader region of Regional Vic..
What percentage of the population requires ongoing medical assistance in the suburb of Lovely Banks?
In the suburb of Lovely Banks, 6.0% of the population is identified as requiring ongoing medical assistance. This figure is slightly different from the regional average, where 6.9% of people in Regional Vic. require similar assistance.
How prevalent is asthma in the suburb of Lovely Banks?
6.6% of people in the suburb of Lovely Banks are diagnosed with asthma. In comparison, 8.7% of the population across Regional Vic. is affected by asthma.
What percentage of people have diabetes in the suburb of Lovely Banks?
Diabetes affects 4.4% of the the suburb of Lovely Banks population, while in the surrounding region, 4.6% of people are diagnosed with diabetes.
What is the percentage of people with heart disease in the suburb of Lovely Banks?
2.0% of people in the suburb of Lovely Banks have heart disease. Across the region of Regional Vic., 4.4% of the population is affected by heart disease.
How does the suburb of Lovely Banks compare to the region in terms of overall private health coverage?
In the suburb of Lovely Banks, 55.2% of the population are estimated to have private health insurance. Comparatively, Regional Vic. sees an estimated private health coverage rate of 50.5%.

Ancestry & LanguageCultural Diversity in Lovely Banks

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Lovely Banks is largely Australian-born, at 75.7% of residents, with 28.0% speaking a language other than English at home. The largest reported ancestries are Australian (21.1%) and English (19.0%). Ancestry, language and country of birth are counted only by the Census, so these are 2021 figures.

Detail

Lovely Banks exhibits higher levels of cultural diversity than most comparable local markets, with 24.3% of the population born outside Australia and 28.0% speaking a non-English language at home. Christianity is the primary religion, representing 55.6% of residents in Lovely Banks. However, the most distinct religious overrepresentation is seen in Islam, which accounts for 5.4% of the population, compared to 1.0% throughout Regional Vic.. Regarding parent birthplaces, the three most common ancestries in Lovely Banks are Australian at 21.1% of the population (notably below the regional average of 29.6%), English at 19.0% (notably below the regional average of 30.7%), and Other at 13.2% (substantially higher than the regional average of 4.7%).

In addition, there are notable deviations in other ethnic groups: Croatian is highly represented at 5.2% in Lovely Banks (compared to 0.4% in the wider region), Hungarian at 1.1% (compared to 0.2%), and Macedonian at 3.4% (compared to 0.2%).

Frequently Asked Questions - Diversity

What is the level of cultural diversity in the suburb of Lovely Banks?
Lovely Banks was found to be more culturally diverse than the vast majority of local markets, with 24.3% of its population born overseas and 28.0% speaking a language other than English at home.
What is the most common religion in the suburb of Lovely Banks?
The main religion in Lovely Banks was found to be Christianity, which makes up 55.6% of people in Lovely Banks. However, the most apparent overrepresentation was in Islam, which comprises 5.4% of the population, compared to 1.0% across Regional Vic..
What are the top countries of origin in the suburb of Lovely Banks?
In terms of ancestry (country of birth of parents), the top three represented groups in Lovely Banks are Australian, comprising 21.1% of the population, which is notably lower than the regional average of 29.6%, English, comprising 19.0% of the population, which is notably lower than the regional average of 30.7%, and Other, comprising 13.2% of the population, which is substantially higher than the regional average of 4.7%. Additionally, there are notable divergences in the representation of certain other ethnic groups: Croatian is notably overrepresented at 5.2% of Lovely Banks (vs 0.4% regionally), Hungarian at 1.1% (vs 0.2%) and Macedonian at 3.4% (vs 0.2%).
How does the percentage of people born overseas compare to the regional average?
24.3% of the the suburb of Lovely Banks population was born overseas, compared to 13.2% regionally.
What percentage of the the suburb of Lovely Banks population speaks a language other than English at home?
28.0% of the population in the suburb of Lovely Banks speaks a language other than English at home, compared to 7.6% in the wider region.
How many people in the suburb of Lovely Banks identify as Australian Aboriginal?
0.7% of the the suburb of Lovely Banks population identifies as Australian Aboriginal, compared to 1.4% in the region.
What is the citizenship status of the population in the suburb of Lovely Banks?
89.8% of the the suburb of Lovely Banks population holds citizenship, compared to 88.6% in the wider region.

Age StructureAge Profile of Lovely Banks

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The median resident of Lovely Banks is 37. 31.5% of residents are aged 15 to 34. Age cohorts are not raw Census counts: the Census split is re-based to the latest ABS population estimates and state projections.

Detail

The median age of 37 years in Lovely Banks is significantly younger than the Regional Vic. average of 43 and very close to the Australian national average of 38. The age distribution shows a high concentration of people aged 25 - 34 (16.1%), whereas the 65 - 74 age bracket is smaller (7.1%) than the regional average. Since 2021, the 25 to 34 age segment has increased from 14.2% to 16.1% of the population. In contrast, the 5 to 14 cohort decreased from 12.5% to 10.4% and the 45 to 54 group decreased from 15.4% to 13.9%.

Looking forward to 2041, demographic projections indicate notable shifts in the local age profile. The 25 to 34 cohort is forecast to grow substantially, increasing by 221 individuals (51%) from 432 to 654. Meanwhile, the 55 to 64 group is projected to grow by a marginal 2% (5 individuals).

Frequently Asked Questions - Age

What is the median age in the suburb of Lovely Banks?
According to the latest data, the median age in the suburb of Lovely Banks is 37 years.
How does the suburb of Lovely Banks's median age compare to broader areas?
At 37 years, Lovely Banks is 6 years younger than the Regional Vic. average (43 years) and comparable to the national average (38 years).
What age groups are over-represented in the suburb of Lovely Banks?
The most over-represented age group in the suburb of Lovely Banks compared to the Regional Vic. region is the 25 - 34 group, making up 16.1% of the population.
What age groups are under-represented in the suburb of Lovely Banks?
The most under-represented age group in the suburb of Lovely Banks compared to the Regional Vic. region is the 65 - 74 group, making up 7.1% of the population.
Are there age groups with notable population variances?
Yes, certain age groups in the suburb of Lovely Banks show significant variance compared to the Regional Vic. region. The most over-represented age groups are 25-34 year-olds (16.1% vs 11.2%) and 15-24 year-olds (15.4% vs 11.3%). The most under-represented age groups are 85+ year-olds (1.3% vs 2.8%) and 65-74 year-olds (7.1% vs 12.8%).
What is the percentage of children (0-14 years) in the suburb of Lovely Banks?
The percentage of children aged 0-14 years in the suburb of Lovely Banks is 15.8%.
What is the percentage of older people (65+ years) in the suburb of Lovely Banks?
The percentage of people aged 65 and over in the suburb of Lovely Banks is 13.5%.

Data & MethodBoundaries, Sources & Method for Lovely Banks

Data currency Refreshed

9 of 14 data sections on this page were updated within the last 12 months — the newest current to Aug 2026.

Everything is aggregated to the Suburb (SAL) boundary shown above, on a 2021 Census baseline. Only 3 sections — housing, households and cultural diversity — still wait on the 2026 Census.

The ledger — source, cycle and currency by section

Section Source & update cycle Currency
Updated within the last 12 months 9 sections
Population ABS, GNAF, Geoscience Australia Annual (ABS ERP) May 2026 3 months ago headline measures · 2021 Census baseline
Re-based to the ABS Estimated Resident Population (June 2025 release) and updated with new dwellings from GNAF address data. Current to May 2026, with the 2021 Census supplying the small-area baseline.
Age profile ABS, Geoscience Australia, State governments Annual May 2026 3 months ago headline measures · 2021 Census baseline
Age cohorts are re-based to the latest ABS population estimates and state projections, current to May 2026. Each cohort is held as a Census baseline and a current estimate.
Development & approvals ABS, GNAF Monthly (ABS approvals) Jun 2026 2 months ago headline measures · May 2026 baseline
Property sales & rents Valuer General, Rental Board, ABS Weekly sales, quarterly rents Aug 2026 this month all 21 measures
Sales from the state Valuer General register, refreshed weekly, and rents from quarterly rental bond lodgements. Both are read live each time this page loads, current to Aug 2026.
Infrastructure projects Infrastructure Australia, State agencies, Local governments Daily May 2026 3 months ago all 1 projects tracked here
Project pipeline maintained continuously from Infrastructure Australia, state agencies, local government and public announcements. Records are added and revised daily; this area was last updated May 2026.
Employment ABS, DEWR, JSA Quarterly (ABS SALM) Mar 2026 5 months ago headline measures · 2021 Census baseline
Unemployment and labour force from ABS Small Area Labour Markets, current to Mar 2026. The growth outlook applies Department of Employment (now Jobs and Skills Australia) forecasts for all 19 industry divisions to the local industry mix, so it measures sector composition rather than local expansion and makes no allowance for population growth. Job demand comes from the same agency via its Internet Vacancy Index; industry and occupation structure from the 2021 Census.
Education ABS, ACARA Annual (ACARA) Aug 2026 this month headline measures · 2021 Census baseline
Transport ABS, State Transport Departments Each timetable release Jul 2026 last month headline measures · 2021 Census baseline
Services & amenities Provider directories, ACECQA Continuous Jul 2026 last month all 14 measures
Annual and financial-year sources 2 sections
Income ABS, ATO Annual (ATO) FY 2023 3 years ago headline measures · 2021 Census baseline
ATO taxable income statistics for FY 2023, indexed forward using the Wage Price Index. Census household income provides the distribution detail.
Health ABS, ATO Annual 2024 2 years ago headline measures · 2021 Census baseline
Census-measured — next update: 2026 Census 3 sections No more current small-area source exists for these, so they are labelled as Census-measured rather than implied to be current.
Housing ABS 5-yearly (Census) 2021 Census next update 2026 all 30 measures
Households ABS 5-yearly (Census) 2021 Census next update 2026 all 18 measures
Cultural diversity ABS, Geoscience Australia 5-yearly (Census) 2021 Census next update 2026 all 44 measures

"Currency" is the most recent release feeding that section. Where the Census supplies the structural baseline underneath a current headline figure, the row says so.

How the numbers are built

Population

The Census provides the small-area baseline, aggregated from mesh blocks to this boundary. It is then re-based to the ABS Estimated Resident Population (June 2025 release), and new dwellings built since Census night are counted from address data — 1 validated new addresses here. The headline figure is therefore a current estimate for May 2026, not a 2021 count (2,782 at the 2021 Census → 2,684 now). Annual growth rates are compound (CAGR), not simple averages.

Age profile

Cohort shares are not raw Census counts. Every cohort is held as a pair — the Census baseline and a current estimate — and the split is re-based using ERP and state population projections, current to May 2026. Median age is the Census median plus modelled change since. Charts that show both are labelled "2021 Census vs Current Estimate".

Property sales

Sourced from the state valuation authority's sales register — current, not Census, and refreshed weekly. Medians are calculated from settled transactions in the period shown; periods with very low transaction counts are flagged or suppressed, because a handful of sales can move a median substantially.

Rents

Derived from state rental bond lodgement data, by dwelling type and bedroom count. Bonds are lodged at the start of a new tenancy, so this reflects new lettings, not the whole rented stock.

Development & infrastructure

Building approvals come from current ABS releases; development applications are collected from council and state planning portals; the infrastructure pipeline is compiled from Infrastructure Australia and local government sources. Applications are matched to this boundary by address or coordinates, so very recent lodgements may not yet appear.

Employment & income

Industry and occupation structure comes from the Census, but the headline labour-market indicators do not. Unemployment and labour force are derived from ABS Small Area Labour Markets (quarterly). The employment outlook applies Department of Employment forecasts for all 19 industry divisions to this area's own industry mix (the agency is now Jobs and Skills Australia), as does the Internet Vacancy Index used for job demand. Because it is weighted on industry composition alone, that outlook carries no allowance for local population growth — in fast-growing areas the real rise in local jobs will typically be higher. Income combines Census household income with ATO taxable-income statistics for FY 2023, indexed forward using the Wage Price Index.

Education, transport & amenities

School enrolments, ICSEA and performance come from ACARA's current release, not the Census. Public transport stops and service frequency are derived from GTFS timetable feeds published by state transport departments. Services and amenities are proximity and count scores built from provider directories, refreshed on their own cycle. The Census contributes only the travel-to-work and qualification measures.

Rankings and benchmarks. Where we rank this area, the comparison set is every area of the same boundary type — suburbs against suburbs, SA2s against SA2s. Benchmarks compare this area against its greater capital city region and the national figure for the same measure and period.

Limits worth knowing. Small areas carry larger error margins, and the ABS introduces small random adjustments to Census counts to protect confidentiality — so totals may not sum exactly. Estimates re-based from regional data describe the area's expected trajectory, not a direct count of it. Figures are indicative for research and are not financial, planning or valuation advice.

Cross-check us. The Census baseline for this boundary is at ABS 2021 Census QuickStats (SAL21544). QuickStats reports 2021 only — the figures on this page are more current wherever the ledger shows a later date.

Common questions about this page

How do Lovely Banks suburb boundaries differ from Statistical Areas?
This page uses Suburbs and Localities (SAL) boundaries (suburb-style geography). SAL represents commonly-known suburb names used in addresses, while Statistical Areas (SA2) are designed for census/statistical reporting. Even when sharing the same name, SAL and SA2 boundaries often cover different geographic areas with different populations.
Where does the data on this Lovely Banks page come from?
AreaSearch compiles this page from official and industry sources — including ABS, Geoscience Australia, Valuer General, Provider directories, DEWR, JSA, State Transport Departments and ACARA — then aggregates them to the boundary shown and calculates the rankings, growth rates and benchmarks itself. Property sales come from the state valuation authority, rents from state rental bond lodgements, development applications from council and state planning portals, school data from ACARA, and public transport from state transport departments.
Is the Lovely Banks data on this page just from the 2021 Census?
No. Most of this page is maintained well beyond the Census. Sourced entirely from current releases: development & approvals (Jun 2026), property sales & rents (Aug 2026), infrastructure projects (May 2026) and services & amenities (Jul 2026). Built on a Census baseline but carrying newer measures on top: population (to May 2026), age profile (to May 2026), employment (to Mar 2026), income (to FY 2023), education (to Aug 2026), transport (to Jul 2026) and health (to 2024). Population and age cohorts in particular are re-based to the latest ABS Estimated Resident Population rather than left at 2021 counts. Only housing, households and cultural diversity remain wholly Census-based, because no more current small-area dataset exists for those measures.

Nearby Areas