Bundoora - North

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

Bundoora - North's population, as of May 2026, is around 8,014 people. This figure represents a growth of 664 individuals (9.0%) since the 2021 Census, which recorded a population of 7,350. The increase is inferred from ABS estimates: 8,014 in June 2025 and an additional 7 validated new addresses post-census. This results in a density ratio of 1,697 persons per square kilometer, higher than the national average according to AreaSearch assessments. Bundoora - North's growth rate since census (9.0%) is close to Victoria's state average (9.3%), indicating strong fundamental growth factors. Overseas migration accounted for approximately 90.2% of the area's population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections released in 2024, with a base year of 2022. For areas not covered by this data, AreaSearch employs Victorian State Government Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for the years 2032 to 2041. Future population projections show exceptional growth, placing Bundoora - North in the top 10% of national statistical areas. The area is expected to grow by 5,045 persons by 2041, reflecting a total increase of 63.0%.

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

Bundoora - North has averaged approximately five new dwelling approvals annually over the past six years, with 29 homes approved between financial year 2021 (FY21) and FY25, and two so far in FY26. Over these five years, an average of 4.5 new residents arrived per dwelling constructed. This has resulted in demand significantly outstripping supply, leading to price growth and increased buyer competition.

The average construction cost value for new properties is $460,000, slightly above the regional average. In FY26, commercial approvals totaling $22.9 million have been registered, indicating balanced commercial development activity. Compared to Greater Melbourne and nationally, Bundoora - North has significantly less development activity, reflecting market maturity and possible development constraints. New building activity is split equally between detached dwellings (50%) and townhouses or apartments (50%), a shift from the current housing mix of 67% houses. This change reflects reduced availability of development sites and addresses shifting lifestyle demands and affordability requirements. With around 1688 people per dwelling approval, Bundoora - North indicates a highly mature market. By 2041, it is projected to grow by approximately 5,045 residents (AreaSearch quarterly estimate).

At current development rates, housing supply may struggle to meet population growth, potentially intensifying buyer competition and supporting price increases.

Bundoora - North has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

Eleven projects identified by AreaSearch could significantly influence the local area's performance. These include Uni Hill Factory Outlets Stage 3A, Mill Park Place Framework, M80 Ring Road Completion, and Childs Road Upgrade. The following details projects expected to have the most relevance.

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 an educated workforce with prominent essential services sectors. Its unemployment rate was 3.1% in the past year, with an estimated employment growth of 1.2%. As of December 2025, 4843 residents are employed, and the unemployment rate is 3.2 percentage points lower than Greater Melbourne's rate of 4.8%.

Workforce participation is similar to Greater Melbourne's at 69.9%. Census data shows that 28% of residents work from home, potentially influenced by Covid-19 lockdowns. Key employment industries include health care & social assistance, retail trade, and construction.

However, professional & technical services have a limited presence with 7.9% employment compared to the regional average of 10.1%. The worker-to-resident ratio is 0.6, indicating above-average local employment opportunities. Between December 2024 and December 2025, employment levels rose by 1.2%, labour force increased by 1.4%, leading to a slight unemployment rise of 0.2 percentage points. In contrast, Greater Melbourne saw employment grow by 2.4% and the labour force increase by 2.8%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that employment should increase by 6.6% over five years and 13.7% over ten years in Bundoora North, based on a simple weighting extrapolation of industry-specific projections.

The economic profile demonstrates above-average performance, with income metrics exceeding national benchmarks based on AreaSearch comparative assessment

The Bundoora - North SA2's median income among taxpayers was $55,172 and average income stood at $67,190 in the financial year 2023. These figures compare to Greater Melbourne's median of $57,688 and average of $75,164 respectively. Based on Wage Price Index growth of 9.62% since financial year 2023, current estimates project a median income of approximately $60,480 and an average income of $73,654 as of March 2026. According to census data, 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 (2,596 people) fall into the $1,500 - 2,999 income category. High housing costs consume 16.1% of income, yet strong earnings place disposable income at the 55th percentile. The area's SEIFA income ranking places it in the 6th decile.

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

Bundoora - North's dwelling structures, as per the latest Census, consisted of 66.8% houses and 33.2% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Bundoora - North was 31.1%, with mortgaged properties at 39.5% and rented ones at 29.4%. The median monthly mortgage repayment was $2,000, aligning with Melbourne metro's average, while the median weekly rent was $381 compared to Melbourne metro's $390. Nationally, Bundoora - North's mortgage repayments exceeded the Australian average of $1,863, and rents surpassed the national figure of $375.

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

Family households account for 70.0% of all households, including 37.0% couples with children, 22.0% couples without children, and 9.7% single parent families. Non-family households comprise the remaining 30.0%, with lone person households at 23.8% and group households making up 6.0%. The median household size is 2.7 people, which is larger than the Greater Melbourne average of 2.6.

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

The area's educational profile is notable regionally, with university qualification rates of 34.6% among residents aged 15+, exceeding the SA3 area average of 25.9% and the national average of 30.4%. Bachelor degrees are most prevalent at 22.7%, followed by postgraduate qualifications (9.2%) and graduate diplomas (2.7%). Vocational credentials are also prominent, with 25.5% of residents aged 15+ holding them, including advanced diplomas (10.5%) and certificates (15.0%).

Educational participation is high, with 32.9% of residents currently enrolled in formal education. This includes 11.3% in tertiary education, 8.5% in secondary education, and 7.4% pursuing primary education.

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

Bundoora - North has 36 operational public transport stops offering a mix of light rail and bus services. These stops are served by eight distinct routes, facilitating a total of 7,978 weekly passenger trips. Transport accessibility is deemed good with residents, on average, located 254 meters from the nearest stop. Predominantly residential, most commuters travel outward; cars remain the primary mode at 88%. On average, there are 1.5 vehicles per dwelling, exceeding the regional norm. According to the 2021 Census, a significant 28% of residents work from home, potentially influenced by COVID-19 conditions.

Across all routes, service frequency averages 1,139 trips daily, equating to approximately 221 weekly trips per individual stop.

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

Health outcomes data shows excellent results in Bundoora - North, as assessed by AreaSearch's evaluation of mortality rates and chronic condition prevalence among younger cohorts, with very low prevalence of common health conditions. Approximately 53% (~4,215 people) have private health cover, leading the average SA2 area and comparing to Greater Melbourne's 56.7%.

The most prevalent medical conditions are mental health issues (6.6%) and arthritis (6.3%), while 74.9% of residents report no medical ailments, compared to Greater Melbourne's 72.6%. Working-age residents have low chronic condition prevalence. The area has 15.6% of residents aged 65 and over (1,249 people). Nationally, this ranks lower than the broader population.

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 a high level of 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% of the population. Buddhism stands out as overrepresented, comprising 4.8% compared to Greater Melbourne's 4.2%.

The top three ancestry groups are Other (13.9%), Australian (13.8%), and English (13.4%), significantly lower than the regional average of 20.1%. Notably, Macedonian (6.8%) is overrepresented compared to the regional figure of 0.7%, as are Italian (11.8% vs 5.2%) and Greek (5.9% vs 2.7%).

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 (20.0%), but fewer residents aged 35-44 (11.1%). This concentration of 15-24 year-olds is above the national average of 12.7%. Between the 2021 Census and the latest data, the proportion of residents aged 15 to 24 has grown from 17.3% to 20.0%, while those aged 25 to 34 increased from 15.2% to 17.8%. Conversely, the proportion of residents aged 5 to 14 declined from 10.4% to 7.8%, and those aged 45 to 54 decreased from 14.3% to 12.5%. Demographic projections suggest significant changes in Bundoora-North's age profile by 2041, with the strongest growth expected in the 25 to 34 cohort, projected to increase by 63%, adding 897 residents and reaching a total of 2,324.