Shepparton North

Shepparton North lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

Based on analysis of ABS population updates for the broader area, as of Nov 2025, Shepparton North's estimated population is around 2,185. This reflects an increase of 137 people since the 2021 Census, which reported a population of 2,048. The change is inferred from AreaSearch's estimation of the resident population at 2,159 following examination of the latest ERP data release by the ABS in June 2024 and an additional 151 validated new addresses since the Census date. This level of population equates to a density ratio of 97 persons per square kilometer. Shepparton North's growth rate of 6.7% since the 2021 census exceeded both the SA4 region (3.5%) and the SA3 area, marking it as a growth leader in the region. Population growth was primarily driven by overseas migration, contributing approximately 81.0% 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 from these aggregations are applied across all areas for years 2032 to 2041. Moving forward, exceptional growth is predicted over the period with the area expected to expand by 1,354 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 57.9% in total over the 17 years.

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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Shepparton North has recorded around 24 residential properties granted approval each year over the past five financial years. This totals an estimated 122 homes between FY-21 and FY-25. So far in FY-26, 17 approvals have been recorded. On average, 0.2 people per year moved to the area for each dwelling built during this period.

New construction is matching or outpacing demand, offering buyers more options and enabling population growth that could exceed current expectations. The average expected construction cost value of new properties is $507,000, indicating developers are targeting the premium market segment with higher-end properties. In FY-26, there have been $7.7 million in commercial approvals, suggesting limited commercial development focus compared to residential. Shepparton North shows 72.0% higher new home approvals per person than Rest of Vic., creating greater choice for buyers and indicating robust developer interest. New development consists of 76.0% detached houses and 24.0% attached dwellings, preserving the area's low density nature while catering to space-seeking buyers. This marks a significant shift from existing housing patterns, which are currently 97.0% houses, suggesting diminishing developable land availability and responding to evolving lifestyle preferences and affordability needs.

With around 63 people per dwelling approval, Shepparton North exhibits characteristics of a growth area. Population forecasts indicate it will gain 1,264 residents through to 2041, maintaining a reasonable pace with projected growth despite increasing competition among buyers as population increases.

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

Three projects identified by AreaSearch are expected to impact the area: The North Quarter Estate, Shepparton North Activity Centre Structure Plan, Goulburn Valley Highway Sheppardon Bypass - Stage 1, and Goulburn Valley Integrated Cancer Centre.

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Employment performance in Shepparton North ranks among the strongest 15% of areas evaluated nationally

Shepparton North has an educated workforce with strong representation in essential services sectors. Its unemployment rate was 1.3% as of September 2025, according to AreaSearch's statistical area data aggregation.

In this month, 1,073 residents were employed while the unemployment rate was 2.5% lower than Rest of Vic.'s rate of 3.8%. Workforce participation was high at 72.8%, compared to Rest of Vic.'s 57.4%. Dominant employment sectors included health care & social assistance, retail trade, and construction. Health care & social assistance had particularly notable concentration, with employment levels at 1.7 times the regional average.

Agriculture, forestry & fishing was under-represented, with only 3.5% of Shepparton North's workforce compared to 7.5% in Rest of Vic.. The area functioned as an employment hub with 3.6 workers for every resident at the Census. Over the 12 months to September 2025, labour force levels decreased by 9.9% and employment declined by 10.5%, causing the unemployment rate to rise by 0.6 percentage points in Shepparton North. In contrast, Rest of Vic. saw employment contract by 0.7%, the labour force fall by 0.6%, and a marginal increase in unemployment. State-level data to 25-Nov-25 showed VIC employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. National employment forecasts from Jobs and Skills Australia projected national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Shepparton North's employment mix suggested local employment should increase by 7.0% over five years and 14.9% over ten years, though these are simple extrapolations for illustrative purposes.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

AreaSearch's aggregation of latest postcode level ATO data released for financial year ended June 2023 shows Shepparton North had median taxpayer income of $56,740 and average income of $69,317. Nationally, the median was $50,954 and average was $62,728. By September 2025, adjusted for Wage Price Index growth of 8.25%, estimated incomes would be approximately $61,421 (median) and $75,036 (average). Census 2021 data ranks Shepparton North's household, family, and personal incomes between the 74th and 83rd percentiles nationally. Income distribution shows 43.3% of locals earn between $1,500 - 2,999 weekly, with 30.5% earning over $3,000. Housing accounts for 14.1% of income, and residents rank in the 85th percentile for disposable income. The area's SEIFA income ranking places it in the 6th decile.

Shepparton North is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region

Shepparton North's dwelling structures, as per the latest Census, comprised 97.2% houses and 2.8% other dwellings. In comparison, Non-Metro Vic. had 88.5% houses and 11.5% other dwellings. Home ownership in Shepparton North was at 16.5%, with mortgaged dwellings at 62.2% and rented ones at 21.3%. The median monthly mortgage repayment was $1,733, higher than Non-Metro Vic.'s average of $1,300. The median weekly rent in Shepparton North was $360, compared to Non-Metro Vic.'s $260. Nationally, Shepparton North's mortgage repayments were lower at $1,733 than the Australian average of $1,863, and rents were less at $360 than the national figure of $375.

Shepparton North features high concentrations of family households, with a higher-than-average median household size

Family households account for 85.4% of all households, including 60.5% couples with children, 15.8% couples without children, and 8.9% single parent families. Non-family households constitute the remaining 14.6%, with lone person households at 10.4% and group households comprising 3.5%. The median household size is 3.5 people, larger than the Rest of Vic. average of 2.5.

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

Shepparton North has a higher level of educational attainment than broader benchmarks. Among residents aged 15 and above, 30.1% have university qualifications, compared to 16.2% in the SA4 region and 18.5% in the SA3 area. Bachelor degrees are the most common at 19.0%, followed by postgraduate qualifications (7.7%) and graduate diplomas (3.4%). Vocational credentials are also prominent, with 32.1% of residents holding them - advanced diplomas at 10.7% and certificates at 21.4%.

Educational participation is high, with 40.7% of residents currently enrolled in formal education. This includes 17.1% in primary education, 11.7% in secondary education, and 3.9% pursuing tertiary education.

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

Shepparton North has four active public transport stops, all of which are bus stops. These stops are served by one route collectively providing 110 weekly passenger trips. The accessibility of these services is limited, with residents typically located 632 meters from the nearest stop.

On average, there are 15 trips per day across all routes, equating to approximately 27 weekly trips per individual stop.

Shepparton North's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions

Shepparton North shows excellent health outcomes, especially among younger cohorts with low prevalence rates for common conditions. Approximately 54% (~1,184 people) have private health cover, higher than the state average of 48.4%.

The most prevalent medical conditions are asthma (7.5%) and mental health issues (6.2%), while 77.7% report no medical ailments, compared to 64.8% in Victoria overall. Only 6.5% (142 people) of residents are aged 65 or over, lower than the state average of 18.9%. However, seniors' health outcomes require more attention.

Shepparton North was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Shepparton North had a higher cultural diversity than most local areas, with 28.7% of its population born overseas and 34.7% speaking a language other than English at home. Christianity was the predominant religion in Shepparton North, accounting for 50.2% of people. However, there was a significant overrepresentation of Other religions, comprising 7.8%, compared to the Rest of Vic average of 2.7%. Regarding ancestry, Australian was the largest group at 24.7%, followed by English at 20.0%, which was lower than the regional average of 27.1%.

The Other category accounted for 14.2% of Shepparton North's population. Notably, Indian (10.9%), Macedonian (0.9%), and Sri Lankan (0.7%) ethnic groups were overrepresented compared to regional averages of 2.0%, 0.4%, and 0.1% respectively.

Shepparton North hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Shepparton North has a median age of 31, which is younger than the Rest of Vic figure of 43 and below Australia's median age of 38 years. The 5-14 age group comprises 21.3% of Shepparton North's population, higher than the Rest of Vic., while the 65-74 cohort makes up 4.2%. This is notably above the national average of 12.2% for the 5-14 age group. Between 2021 and present, the 35 to 44 age group has increased from 18.0% to 19.2% of the population. Conversely, the 45 to 54 cohort has decreased from 12.4% to 11.0%. By 2041, demographic projections indicate significant shifts in Shepparton North's age structure. Notably, the 35 to 44 group is projected to grow by 78%, adding 327 people and reaching a total of 747 from its current figure of 419.