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 is around 8,007 as of Feb 2026. This reflects an increase of 657 people 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 1,696 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Bundoora - North's growth rate of 8.9% since the census positions it within 1.0 percentage points of the national average (9.9%). 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 a base year of 2022. For areas not covered by this data, AreaSearch utilises 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 are applied across all areas for years 2032 to 2041. Looking at population projections moving forward, exceptional growth, placing it in the top 10 percent of national statistical areas, is predicted over the period with the area expected to grow by 5,367 persons to 2041 based on the latest annual ERP population numbers, reflecting an increase of 67.0% 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 has averaged approximately five new dwelling approvals annually over the past six years. From financial year 2021 to 2025, 29 homes were approved, with an additional two approved in the current financial year 2026. 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 of new properties is $460,000, slightly above the regional average, indicating a focus on quality developments. In this financial year, $22.9 million in commercial approvals have been registered, suggesting balanced commercial development activity. Compared to Greater Melbourne, Bundoora - North has significantly less development activity, which typically strengthens demand and prices for existing properties. However, building activity has accelerated in recent years. This activity is also below average nationally, reflecting the area's maturity and possible planning constraints. New building activity shows a 50% split between detached dwellings and townhouses or apartments, offering affordable entry pathways and attracting downsizers, investors, and first-time purchasers.

This represents a considerable shift from the current housing mix of 67% houses. With around 1688 people per dwelling approval, Bundoora - North reflects a highly mature market. Population forecasts indicate that Bundoora - North will gain approximately 5365 residents by 2041. At current development rates, 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 40% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 11 projects that could affect this region. Notable ones are Uni Hill Factory Outlets Stage 3A, Mill Park Place Framework, M80 Ring Road Completion, and Childs Road Upgrade. The following list specifies 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 was 2.9% as of September 2025, with an estimated employment growth of 0.9% over the past year. As of that date, 4809 residents were employed, with an unemployment rate of 1.8%, which is below Greater Melbourne's rate of 4.7%.

Workforce participation was broadly similar to Greater Melbourne's at 71.0%. According to Census responses, 28.0% of residents worked from home, although Covid-19 lockdown impacts should be considered. Leading employment industries among residents were health care & social assistance, retail trade, and construction.

Professional & technical services had limited presence with 7.9% employment compared to the regional average of 10.1%. The ratio of 0.6 workers per resident indicated a level of local employment opportunities above the norm. Between September 2024 and September 2025, employment levels increased by 0.9%, labour force grew by 0.6%, and unemployment fell by 0.3 percentage points. In contrast, Greater Melbourne saw employment rise by 3.0%, labour force grow by 3.3%, and unemployment rise by 0.3 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment is expected to expand by 6.6% over five years and 13.7% over ten years. However, growth rates differ significantly between industry sectors. 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, though this is a simple weighting extrapolation for illustrative purposes and does not account for localised population 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 were compared with Greater Melbourne's of $57,688 and $75,164 respectively. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for median income would be approximately $59,724 and average income would be around $72,733 as of September 2025. According to census data, household income ranks at the 55th percentile with a weekly income of $1,833, while personal income sits at the 35th percentile. Income analysis shows that 32.4% of locals (2,594 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

Bundoora - North's dwelling structures, as per the latest Census, comprised 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 dwellings at 39.5% and rented ones at 29.4%. The median monthly mortgage repayment was $2,000, aligning with Melbourne metro's average. Median weekly rent was $381, compared to Melbourne metro's $390. Nationally, Bundoora - North's mortgage repayments exceeded the Australian average of $1,863, while 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 make up 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, 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 at 34.6% among residents aged 15+, surpassing the SA3 area average of 25.9% and Australia's national average of 30.4%. Bachelor degrees are the 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 such qualifications – advanced diplomas at 10.5% and certificates at 15.0%.

Educational participation is high, with 32.9% of residents currently enrolled in formal education, including 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 active public transport stops offering lightrail and bus services. These are covered by 8 routes serving 7,978 weekly passenger trips. Residents' average distance to the nearest stop is 254 meters, indicating good accessibility. Most residents commute outward, with cars being the dominant mode at 88%. The area has an average of 1.5 vehicles per dwelling, higher than the regional average. In 2021 Census data, which may reflect COVID-19 conditions, 28% of residents worked from home.

Service frequency averages 1,139 trips daily across all routes, equating to about 221 weekly trips per 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. Mortality rates and chronic condition prevalence are low, particularly among younger cohorts.

Private health cover is high at approximately 53% of the total population (~4,211 people), compared to 56.7% across Greater Melbourne. The most common medical conditions are mental health issues (6.6%) and arthritis (6.3%). 74.9% of residents report no medical ailments, compared to 72.6% in Greater Melbourne. Working-age residents have low chronic condition prevalence. There are 16.0% of residents aged 65 and over (1,281 people).

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. The predominant religion in Bundoora-North is Christianity, comprising 56.5% of the population. Notably, Buddhism is overrepresented compared to Greater Melbourne, making up 4.8% versus 4.2%.

Top ancestry groups include Other (13.9%), Australian (13.8%), and English (13.4%), which is lower than the regional average of 20.1%. Some ethnic groups have significant representation: Macedonian at 6.8% (regional average 0.7%), Italian at 11.8% (5.2%), and Greek at 5.9% (2.7%).

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

At 36 years, Bundoora-North's median age is nearly matching Greater Melbourne's average of 37, which is modestly under the Australian median of 38. Compared to Greater Melbourne, Bundoora-North has a higher concentration of residents aged 15-24 (20.2%) but fewer residents aged 35-44 (11.1%). This concentration of 15-24 year-olds is well above the national average of 12.5%. According to the 2021 Census, the proportion of residents aged 15-24 has grown from 17.3% to 20.2%, while those aged 25-34 increased from 15.2% to 16.9%. Conversely, the proportion of residents aged 5-14 declined from 10.4% to 8.0%, and those aged 45-54 dropped from 14.3% to 12.6%. Demographic modeling suggests that Bundoora-North's age profile will evolve significantly by the year 2041, with the strongest projected growth in the 25-34 cohort at 67%, adding 906 residents to reach a total of 2,262.