Bundoora - North

Population growth drivers in Bundoora - North are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Based on AreaSearch's analysis, Bundoora - North's population is around 8,361 as of Nov 2025. This reflects an increase of 1,011 people (13.8%) since the 2021 Census, which reported a population of 7,350 people. The change is inferred from the estimated resident population of 8,005 from the ABS as of June 2024 and an additional 6 validated new addresses since the Census date. This level of population equates to a density ratio of 1,771 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Bundoora - North's 13.8% growth since the 2021 census exceeded the national average (8.9%), along with the state, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 90.6% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are also applied across all areas for years 2032 to 2041. As we examine future population trends, exceptional growth, placing in the top 10 percent of national statistical areas, is predicted over the period with the area expected to expand by 5,367 persons to 2041 based on the latest annual ERP population numbers, reflecting a gain of 59.9% in total over the 17 years.

Residential development activity is lower than average in Bundoora - North according to AreaSearch's national comparison of local real estate markets

Bundoora - North averaged approximately five new dwelling approvals per year over the past five financial years, from FY21 to FY25, with a total of 29 homes approved during this period. No new dwelling approvals have been recorded so far in FY26. On average, 4.5 new residents arrived per dwelling constructed annually between FY21 and FY25.

This indicates that demand significantly exceeds new supply, which typically leads to price growth and increased buyer competition. The average construction cost value of new properties is $460,000, slightly above the regional average, suggesting a focus on quality developments. In the current financial year, $22.9 million in commercial approvals have been registered, indicating balanced commercial development activity in Bundoora - North compared to Greater Melbourne. However, when considering national averages, building activity in Bundoora - North is below average, reflecting the area's maturity and possible planning constraints. New building activity in Bundoora - North shows an equal split between detached dwellings (50%) and townhouses or apartments (50%). This shift towards compact living offers affordable entry pathways, attracting downsizers, investors, and first-time purchasers. This represents a significant change from the current housing mix, which is predominantly houses at 67%.

Bundoora - North has a population density of approximately 1688 people per dwelling approval, indicating a highly mature market. According to AreaSearch's latest quarterly estimate, Bundoora - North is forecasted to gain 5011 residents by 2041. If current development rates continue, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

Bundoora - North has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified eleven projects that may affect this region. Notable ones include Uni Hill Factory Outlets Stage 3A, M80 Ring Road Completion, Mill Park Place Framework, and Childs Road Upgrade. The following list details those most likely to be relevant.

Professional plan users can use the search below to filter and access additional projects.

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Employment performance in Bundoora - North exceeds national averages across key labour market indicators

Bundoora - North has a well-educated workforce with significant representation in essential services sectors. Its unemployment rate is 2.9%, with an estimated employment growth of 0.9% over the past year.

As of September 2025, there are 4,809 residents employed, with an unemployment rate of 1.8% below Greater Melbourne's rate of 4.7%. Workforce participation is on par with Greater Melbourne's 64.1%. Leading employment industries among residents include health care & social assistance, retail trade, and construction.

Professional & technical services have a limited presence at 7.9%, compared to the regional average of 10.1%. The worker-to-resident ratio at the Census is 0.6, indicating higher local employment opportunities than usual. Between September 2024 and September 2025, employment levels increased by 0.9% and labour force grew by 0.6%, resulting in a decrease of unemployment by 0.3 percentage points. In contrast, Greater Melbourne saw employment rise by 3.0%, labour force grow by 3.3%, and unemployment increase by 0.3 percentage points. State-level data from 25-Nov shows Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. National employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Bundoora - North's employment mix suggests local employment should increase by 6.6% over five years and 13.7% over ten years, based on simple weighting extrapolation for illustrative purposes only.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

The Bundoora - North SA2's median income among taxpayers was $51,779 and average income was $64,486 in the financial year 2022. These figures compare to Greater Melbourne's median income of $54,892 and average income of $73,761 respectively. As of September 2025, estimated incomes based on a 12.16% Wage Price Index growth would be approximately $58,075 (median) and $72,327 (average). Census data indicates that household income ranks at the 55th percentile ($1,833 weekly), while personal income sits at the 35th percentile. Income analysis shows that 32.4% of locals (2,708 people) fall into the $1,500 - 2,999 income category. High housing costs consume 16.1% of income, but strong earnings place disposable income at the 55th percentile. The area's SEIFA income ranking places it in the 7th decile.

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

In Bundoora - North, as per the latest Census, 66.8% of dwellings were houses with the remaining 33.2% being semi-detached, apartments, or other types. This contrasts with Melbourne metro's 87.2% houses and 12.8% other dwellings. The home ownership rate in Bundoora - North was 31.1%, with mortgaged dwellings at 39.5% and rented ones at 29.4%. The median monthly mortgage repayment in the area was $2,000, higher than Melbourne metro's $1,900. The median weekly rent was $381, compared to Melbourne metro's $371. Nationally, Bundoora - North's mortgage repayments exceeded the Australian average of $1,863, while rents were above the national figure of $375.

Bundoora - North features high concentrations of group households, with a lower-than-average median household size

Family households constitute 70.0% of all households, broken down into 37.0% couples with children, 22.0% couples without children, and 9.7% single parent families. Non-family households account for the remaining 30.0%, with lone person households at 23.8% and group households comprising 6.0%. The median household size is 2.7 people, smaller than the Greater Melbourne average of 2.9.

Educational attainment in Bundoora - North aligns closely with national averages, showing typical qualification patterns and performance metrics

The area's university qualification rate is 34.6%, which exceeds the SA3 area average of 25.9% and Australia's average of 30.4%. Bachelor degrees are the most common at 22.7%, followed by postgraduate qualifications (9.2%) and graduate diplomas (2.7%). Vocational credentials are also prevalent, with 25.5% of residents aged 15+ holding them, including advanced diplomas (10.5%) and certificates (15.0%).

Educational participation is high at 32.9%, with 11.3% currently enrolled in tertiary education, 8.5% in secondary education, and 7.4% in primary education.

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

Transport analysis in Bundoora - North shows 38 active transport stops operating. These include a mix of light rail and bus services. There are 11 individual routes serving these stops, collectively providing 10,549 weekly passenger trips.

Transport accessibility is rated as good, with residents typically located 254 meters from the nearest stop. Service frequency averages 1,507 trips per day across all routes, equating to approximately 277 weekly trips per individual stop.

Bundoora - North's residents are extremely healthy with younger cohorts in particular seeing very low prevalence of common health conditions

Analysis shows strong health performance in Bundoora - North, particularly among younger cohorts with low prevalence of common conditions. Private health cover rate is approximately 52%, leading the average SA2 area and compares to 49.8% across Greater Melbourne.

Mental health issues impacted 6.6% residents, arthritis affected 6.3%. 74.9% declared no medical ailments compared to 74.0% in Greater Melbourne. Residents aged 65 and over comprise 15.3%, higher than the 13.2% in Greater Melbourne.

Bundoora - North is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Bundoora-North has significant cultural diversity, with 39.3% of its population born overseas and 46.1% speaking a language other than English at home. Christianity is the predominant religion in Bundoora-North, accounting for 56.5%. Buddhism is notably higher in Bundoora-North at 4.8%, compared to Greater Melbourne's 3.3%.

Top ancestral groups include Other (13.9%), Australian (13.8%), and English (13.4%). Macedonian, Italian, and Greek ethnicities are overrepresented: Macedonian at 6.8% vs regional 4.6%, Italian at 11.8% vs 9.6%, and Greek at 5.9% vs 4.1%.

Bundoora - North's population is slightly younger than the national pattern

Bundoora-North has a median age of 36 years, nearly matching Greater Melbourne's average of 37 and slightly below Australia's median of 38. Compared to Greater Melbourne, Bundoora-North has a higher proportion of residents aged 15-24 (20.4%) but fewer residents aged 35-44 (11.3%). This proportion of 15-24 year-olds is significantly higher than the national average of 12.5%. Between the 2021 Census and now, the proportion of residents aged 15 to 24 has increased from 17.3% to 20.4%, while the proportion of those aged 25 to 34 has risen from 15.2% to 16.8%. Conversely, the proportion of residents aged 5 to 14 has decreased from 10.4% to 8.2%, and the proportion of those aged 35 to 44 has dropped from 12.8% to 11.3%. By 2041, demographic modeling suggests that Bundoora-North's age profile will change significantly. The 25-34 age cohort is projected to grow by 61%, adding 854 residents and reaching a total of 2,262.