Viewbank

Viewbank has seen population growth performance typically on par with national averages when looking at short and medium term trends

Based on analysis of ABS population updates for Viewbank, as of Nov 2025 its population is estimated at around 7,121. This reflects an increase of 91 people since the 2021 Census, which reported a population of 7,030. The change is inferred from AreaSearch's resident population estimate of 7,079 following examination of ABS ERP data release in June 2024 and validation of 12 new addresses since the Census date. This level of population equates to a density ratio of 1,565 persons per square kilometer, above the average seen across national locations assessed by AreaSearch. Overseas migration contributed approximately 86.0% of overall population gains during recent periods in Viewbank.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023, adjusted employing weighted aggregation from LGA to SA2 levels. Considering projected demographic shifts, Viewbank is forecasted to experience significant population increase, with an expected rise of 2,756 persons by 2041 based on aggregated SA2-level projections, reflecting a gain of 39.4% in total over the 17 years.

The level of residential development activity in Viewbank is very low in comparison to the average area assessed nationally by AreaSearch

AreaSearch analysis of ABS building approval numbers in Viewbank shows around 8 dwellings receiving development approval per year over the past five financial years, totalling an estimated 44 homes. As of FY26, 5 approvals have been recorded. On average, 0.1 new residents arrive per new home annually between FY21 and FY25, indicating supply meets or exceeds demand. The average construction value of new dwellings is $650,000, moderately above regional levels.

In FY26, $360,000 in commercial development approvals have been recorded. Compared to Greater Melbourne, Viewbank has 82.0% lower building activity per person. Recent construction comprises 44.0% detached houses and 56.0% medium and high-density housing, a shift from the current housing mix of 90.0% houses. With around 1433 people per dwelling approval, Viewbank reflects a highly mature market. By 2041, Viewbank is expected to grow by 2808 residents. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing buyer competition and supporting stronger price growth.

Looking ahead, Viewbank is expected to grow by 2,808 residents through to 2041 (from the latest AreaSearch quarterly estimate). If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

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

No changes can significantly affect a region's performance like modifications to local infrastructure, major projects, and planning initiatives. AreaSearch has identified zero projects that are expected to impact this area. Notable projects include Yarra Link Green Bridge, North East Link, 180 Manningham Road Development, and Heidelberg Structure Plan (Heidelberg Central Precinct), with the following list outlining those most likely to be relevant:.

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Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Viewbank ranks among the top 25% of areas assessed nationally for overall employment performance

Viewbank has a highly educated workforce with strong representation in professional services. The unemployment rate was 2.1% as of June 2025, below Greater Melbourne's rate of 4.6%.

Employment growth over the past year was estimated at 2.2%. As of June 2025, 3,797 residents were employed with a workforce participation rate of 62.0%, compared to Greater Melbourne's 64.1%. Health care & social assistance, professional & technical services, and education & training are the dominant industries for Viewbank residents. Notably, employment in education & training is at 1.3 times the regional average, while retail trade employs only 8.0% of local workers compared to Greater Melbourne's 9.8%.

The area appears to offer limited local employment opportunities. In the 12-month period ending June 2025, employment increased by 2.2%, labour force by 1.5%, and unemployment rate fell by 0.6 percentage points. National employment forecasts from Jobs and Skills Australia (Sep-22) project growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Viewbank's employment mix suggests local employment should increase by 7.0% over five years and 14.4% over ten years, based on a simple weighting extrapolation for illustrative purposes.

The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis

Viewbank has a median taxpayer income of $55,621 and an average of $75,069 according to postcode level ATO data aggregated by AreaSearch for the financial year 2022. Nationally, this is very high, with Greater Melbourne's median income being $54,892 and average income $73,761. Based on Wage Price Index growth of 12.16% since financial year 2022, estimated incomes for September 2025 would be approximately $62,385 (median) and $84,197 (average). Census 2021 data shows Viewbank's household, family, and personal incomes cluster around the 61st percentile nationally. Income analysis reveals that 28.3% of locals (2,015 people) fall into the $1,500 - 2,999 weekly income category, similar to the regional average of 32.8%. Notably, 33.6% exceed $3,000 weekly, indicating strong purchasing power within the community. After housing costs, residents retain 87.6% of their income, reflecting strong purchasing power. The area's SEIFA income ranking places it in the 8th decile.

Viewbank is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Viewbank's dwelling structure, as per the latest Census, consisted of 90.2% houses and 9.8% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 76.0% houses and 24.0% other dwellings. Home ownership in Viewbank stood at 47.7%, with the rest being mortgaged (39.3%) or rented (13.0%). The median monthly mortgage repayment was $2,171, above Melbourne metro's average of $2,167. Median weekly rent was $451, compared to Melbourne metro's $399. Nationally, Viewbank's mortgage repayments were higher at $2,171 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.

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

Family households account for 80.4% of all households, including 44.6% couples with children, 24.3% couples without children, and 10.9% single parent families. Non-family households make up the remaining 19.6%, with lone person households at 18.5% and group households comprising 1.2%. The median household size is 2.8 people, larger than the Greater Melbourne average of 2.5.

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

Educational attainment in Viewbank is notably high, with 41.1% of residents aged 15 and above holding university qualifications, compared to the national average of 30.4% and the SA4 region's average of 32.8%. Bachelor degrees are the most prevalent at 24.7%, followed by postgraduate qualifications (12.2%) and graduate diplomas (4.2%). Vocational credentials are also common, with 25.1% of residents aged 15 and above holding such qualifications – advanced diplomas account for 10.3% and certificates for 14.8%. Educational participation is high, with 31.7% of residents currently enrolled in formal education.

This includes 11.7% in primary education, 9.6% in secondary education, and 5.4% pursuing tertiary education. Viewbank Primary School and Viewbank College serve the area, collectively educating 2,119 students. The area's ICSEA score is 1126, indicating significant socio-educational advantages and academic achievement. Educational provision follows conventional lines, with one primary and one secondary institution serving the area. Viewbank functions as an education hub, offering 29.8 school places per 100 residents, significantly higher than the regional average of 18.4. This attracts students from surrounding communities.

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

Viewbank has 23 active public transport stops, all of which are bus stops. These stops are served by three different routes that together facilitate 1,326 weekly passenger trips. The accessibility of these services is deemed good, with residents on average being located just 244 meters from the nearest stop.

On a daily basis, there are an average of 189 trips across all routes, which equates to approximately 57 weekly trips per individual stop.

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

Viewbank shows better-than-average health outcomes for both younger and older age groups, with low prevalence of common health conditions. The rate of private health cover is high at approximately 56% (~4,021 people), compared to Greater Melbourne's 60.3%.

The most prevalent medical conditions are arthritis (7.8%) and asthma (6.8%), while 71.4% report no medical ailments, slightly higher than Greater Melbourne's 69.3%. There are 20.7% residents aged 65 and over (1,474 people), with health outcomes among seniors being above average and broadly inline with the general population's profile.

Viewbank 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

Viewbank's population showed high cultural diversity, with 31.4% born overseas and 32.7% speaking a language other than English at home. Christianity was the predominant religion in Viewbank, accounting for 48.4%. Hinduism had higher representation in Viewbank (3.1%) compared to Greater Melbourne (1.9%).

The top three ancestry groups were English (19.8%), Australian (19.3%), and Chinese (10.6%), which was significantly higher than the regional average of 5.2%. Notably, Italian (8.2% vs 7.7%), Macedonian (1.3% vs 1.1%), and Greek (3.9% vs 3.0%) groups were also overrepresented in Viewbank compared to Greater Melbourne.

Viewbank hosts an older demographic, ranking in the top quartile nationwide

The median age in Viewbank is 43 years, which is higher than Greater Melbourne's average of 37 and exceeds the national average of 38 years. The age profile shows that those aged 75-84 are particularly prominent, comprising 9.4% of the population, while those aged 25-34 make up a smaller proportion at 5.8%. Between 2021 and present, the percentage of Viewbank's population aged 15-24 has increased from 11.6% to 12.7%, while the percentage of those aged 65-74 has decreased from 9.9% to 8.9%. By 2041, demographic projections indicate that the age cohort of 45-54 will significantly increase, with an expected growth of 454 people (45%) from 1,089 to 1,584.