Viewbank

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

The population of the Viewbank statistical area (Lv2) was estimated at 7,028 as of Nov 2025. This figure is based on analysis of ABS population updates and new addresses validated by AreaSearch since the Census date in 2021. The population has decreased by 2 people from the 2021 Census count of 7,030. This change was inferred from the resident population estimate of 6,982 by AreaSearch following examination of the latest ERP data release by the ABS (June 2024), along with an additional 12 validated new addresses since the Census date. The population density ratio is 1,544 persons per square kilometer, above the national average assessed by AreaSearch.

Overseas migration contributed approximately 86.0% of overall population gains in recent periods. AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered, it utilises the VIC State Government's Regional/LGA projections from 2023, adjusting using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Projected demographic shifts indicate a significant population increase in the top quartile of national statistical areas. The Viewbank (SA2) is forecast to increase by 2,738 persons to 2041, reflecting a gain of 41.0% 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, allocated from statistical area data, shows Viewbank had approximately 6 dwelling approvals per year over the past five financial years, totalling around 34 homes. In FY26 so far, there has been one approval recorded. The average new resident arrival rate per new home in the past five financial years (FY21 to FY25) was about 0.1 persons per year. This indicates that supply is meeting or exceeding demand, providing more buyer choices and supporting potential population growth above projections.

In this financial year, there have been $3.2 million in commercial approvals, suggesting limited commercial development focus compared to Greater Melbourne, where Viewbank records 86.0% lower building activity per person. This limited new supply generally supports stronger demand and values for established homes. Nationally, Viewbank's activity is also lower, reflecting market maturity and possible development constraints. New developments consist of 38.0% standalone homes and 62.0% attached dwellings, focusing on higher-density living to create more affordable entry points for downsizers, investors, and first-home buyers. This represents a significant change from the current housing mix, which is currently 90.0% houses. The location has approximately 3582 people per dwelling approval, indicating an established market. According to AreaSearch's latest quarterly estimate, Viewbank is forecasted to gain 2,883 residents by 2041.

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 20% nationally

No changes can significantly affect a region's performance like alterations to local infrastructure, major projects, and planning initiatives. A total of zero projects have been pinpointed by AreaSearch as potentially impacting 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 likely to be most pertinent.

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Employment conditions in Viewbank demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Viewbank has an educated workforce with strong representation in professional services. Its unemployment rate is 2.3% as of September 2025, below Greater Melbourne's 4.7%.

Workforce participation is slightly lower at 62.0%. Major industries include health care & social assistance, professional & technical services, and education & training, with notable concentration in the latter (1.3 times regional average). Retail trade employs fewer locals (8.0%) than Greater Melbourne's 9.8%. Over a year to September 2025, employment increased by 0.4%, labour force by 0.1%, reducing unemployment by 0.3 percentage points.

In contrast, Greater Melbourne saw higher growth rates and an unemployment rise of 0.3 percentage points. State-level data from November 25 shows Victoria's employment grew by 1.13% year-on-year, with a state unemployment rate of 4.7%. National forecasts project total employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Viewbank's mix suggests local employment could increase by 7.0% over five years and 14.4% over ten years, though this is a simplified extrapolation for illustrative purposes only.

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

The suburb of Viewbank had a median taxpayer income of $55,621 and an average of $75,069 in the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is high compared to Greater Melbourne's median income of $57,688 and average income of $75,164 during the same period. By September 2025, based on Wage Price Index growth of 8.25%, estimated incomes would be approximately $60,210 (median) and $81,262 (average). According to Census 2021 income data, incomes in Viewbank are at the 61st percentile nationally. Income analysis shows that 28.3% of locals (1,988 people) earn between $1,500 and $2,999 weekly, similar to the regional average of 32.8%. A significant portion, 33.6%, exceeds $3,000 weekly. After housing costs, residents retain 87.6% of their income. 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 structures, as per the latest Census, consisted of 90.2% houses and 9.8% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Melbourne metro's 76.0% houses and 24.0% other dwellings. Home ownership in Viewbank stood at 47.7%, with mortgaged dwellings at 39.3% and rented ones at 13.0%. The median monthly mortgage repayment was $2,171, exceeding Melbourne metro's average of $2,167. Weekly rent median was $451 compared to Melbourne metro's $399. Nationally, Viewbank's mortgage repayments were higher than 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 are present in 80.4% of all households, consisting of 44.6% couples with children, 24.3% couples without children, and 10.9% single parent families. Non-family households account for 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, which is 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

Viewbank's educational attainment exceeds wider standards. Among residents aged 15+, 41.1% have university qualifications, compared to Australia's 30.4% and the SA4 region's 32.8%. University graduates make up 24.7%, postgraduates 12.2%, and graduate diplomas 4.2%. Vocational credentials are held by 25.1%, including advanced diplomas (10.3%) and certificates (14.8%).

Educational participation is high at 31.7%, with primary education at 11.7%, secondary at 9.6%, and tertiary at 5.4%.

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 two routes, offering a total of 961 weekly passenger trips. The transport accessibility is considered good, with residents on average located 244 meters from the nearest stop.

On average, there are 137 trips per day across both routes, equating to approximately 41 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 superior health outcomes for both young and elderly residents, with low prevalence rates for common conditions. Private health insurance is prevalent at around 56% (~3,968 individuals), slightly higher than Greater Melbourne's 60.9%.

The most frequent medical issues are arthritis (7.8%) and asthma (6.8%), while 71.4% report no medical ailments, compared to 69.3% in Greater Melbourne. Around 20.7% of residents are aged 65 or above (1,454 individuals). Health outcomes for seniors align with the general population's profile and are above average.

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 has a higher cultural diversity than most local areas, with 31.4% of its population born overseas and 32.7% speaking a language other than English at home. Christianity is the predominant religion in Viewbank, accounting for 48.4% of the population. Hinduism, however, is more prevalent in Viewbank at 3.1%, compared to the Greater Melbourne average of 1.9%.

The top three ancestry groups in Viewbank are English (19.8%), Australian (19.3%), and Chinese (10.6%), which exceeds the regional average of 5.2% for Chinese ancestry. Some other ethnic groups also have notable representation: Italian at 8.2%, Macedonian at 1.3%, and Greek at 3.9%.

Viewbank hosts a notably older demographic compared to the national average

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. The age profile shows that those aged 75-84 are particularly prominent at 9.4%, while those aged 25-34 comprise only 5.8% of the population. Between 2021 and the present, the proportion of individuals aged 15-24 has increased from 11.6% to 12.7%. Conversely, the proportion of those aged 65-74 has decreased from 9.9% to 8.9%. By 2041, demographic projections indicate that the 45-54 age cohort is expected to grow significantly, with an increase of 508 people (48%) from 1,068 to 1,577.