Corangamite - North

Corangamite - North is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

Corangamite - North's population was around 5,292 as of November 2025. This showed a decrease of 103 people since the 2021 Census, which reported a population of 5,395. The change was inferred from ABS estimated resident population of 5,246 in June 2024 and an additional 66 validated new addresses since the Census date. This resulted in a density ratio of 2.1 persons per square kilometer. Overseas migration primarily drove population growth in the area during recent periods.

AreaSearch adopted 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 used VIC State Government's Regional/LGA projections from 2023, adjusting with weighted aggregation method to SA2 levels. Growth rates by age group were applied across all areas for years 2032 to 2041. Future population dynamics projected an above median growth for Australia's non-metropolitan areas, with the area expected to increase by 812 persons to 2041 based on latest annual ERP population numbers, reflecting a total increase of 14.5% over the 17 years.

AreaSearch assessment of residential development drivers sees a low level of activity in Corangamite - North, placing the area among the bottom 25% of areas assessed nationally

Corangamite - North has granted approximately 15 residential property approvals annually over the past five financial years, totalling 78 homes. As of FY26, four approvals have been recorded. The population has decreased during this period, yet housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice. New dwellings are developed at an average cost of $298,000.

In the current financial year, there have been $14.6 million in commercial approvals, indicating steady commercial investment activity. Compared to the rest of Victoria, Corangamite - North records approximately 59% of building activity per person and ranks among the 41st percentile nationally, suggesting relatively constrained buyer choice. This level is lower than the national average, reflecting market maturity and possible development constraints. All new construction in the area has been detached houses, maintaining its traditional low-density character with a focus on family homes appealing to those seeking space.

The estimated population per dwelling approval is 409 people. According to AreaSearch's latest quarterly estimate, Corangamite - North is forecasted to gain 765 residents by 2041. If current construction levels persist, housing supply may lag behind population growth, potentially intensifying buyer competition and supporting price growth.

Corangamite - North has emerging levels of nearby infrastructure activity, ranking in the 28thth percentile nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified six projects that could impact this region. Key projects include Camperdown Production Precinct Masterplan, Leura Aged Care Facility, Mt Fyans Wind Farm, and Mortlake Energy Hub. The following list details those likely to be most relevant.

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

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.

AreaSearch assessment positions Corangamite - North ahead of most Australian regions for employment performance

Corangamite - North has a balanced workforce with white and blue collar jobs, diverse sector representation, and an unemployment rate of 2.4% as of September 2025. There are 2,602 residents employed while the unemployment rate is 1.4% lower than Rest of Vic.'s rate of 3.8%.

Workforce participation is similar to Rest of Vic.'s 57.4%. Leading industries include agriculture, forestry & fishing, health care & social assistance, and construction. Agriculture, forestry & fishing is particularly strong with an employment share 4.1 times the regional level. Construction has limited presence at 7.1% compared to the regional average of 10.4%.

Many residents commute elsewhere for work based on Census data. Over the year to September 2025, labour force levels decreased by 3.3%, employment fell by 3.5%, leading to a rise in unemployment rate by 0.2 percentage points. State-level data to 25-Nov shows VIC employment grew by 1.13% year-on-year with an unemployment rate of 4.7%. National forecasts suggest employment should increase by 5.2% over five years and 11.7% over ten years in Corangamite - North, based on industry-specific projections.

Income figures position the area below 75% of locations analysed nationally by AreaSearch

Corangamite - North SA2 had a median taxpayer income of $46,041 and an average of $55,068 in financial year 2022. This is lower than the national average, with Rest of Vic.'s median income being $48,741 and average income being $60,693. By September 2025, estimates suggest a median income of approximately $51,640 and an average of $61,764, based on Wage Price Index growth of 12.16% since financial year 2022. According to the 2021 Census, incomes in Corangamite - North fall between the 12th and 22nd percentiles nationally. Income brackets show that 28.2% of the population (1,492 individuals) earn within the $1,500 - 2,999 range. Housing costs are modest, with 90.8% of income retained, but total disposable income ranks at just the 19th percentile nationally.

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

In Corangamite - North, as per the latest Census evaluation, 95.5% of dwellings were houses, with the remaining 4.5% comprising semi-detached homes, apartments, and other dwelling types. This is comparable to Non-Metro Vic., which had 93.2% houses and 6.8% other dwellings. Home ownership in Corangamite - North stood at 50.4%, with mortgaged dwellings at 30.9% and rented ones at 18.6%. The median monthly mortgage repayment was $1,000, lower than Non-Metro Vic.'s average of $1,300. The median weekly rent in the area was $200, compared to Non-Metro Vic.'s $250. Nationally, Corangamite - North's mortgage repayments were significantly lower at $1,000 versus Australia's average of $1,863, and rents were substantially below the national figure of $375.

Corangamite - North features high concentrations of lone person households, with a lower-than-average median household size

Family households account for 63.9% of all households, including 22.9% couples with children, 30.8% couples without children, and 9.0% single parent families. Non-family households make up the remaining 36.1%, with lone person households at 33.0% and group households comprising 2.9% of the total. The median household size is 2.2 people, which is smaller than the Rest of Vic. average of 2.3.

Educational outcomes in Corangamite - North fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

The area's university qualification rate is 17.5%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 12.7%, followed by graduate diplomas (2.6%) and postgraduate qualifications (2.2%). Vocational credentials are prevalent, with 37.3% of residents aged 15+ holding them, including advanced diplomas (10.8%) and certificates (26.5%). Educational participation is high, with 26.3% of residents currently enrolled in formal education, including 10.2% in primary, 8.4% in secondary, and 1.8% in tertiary education.

Educational participation is notably high, with 26.3% of residents currently enrolled in formal education. This includes 10.2% in primary education, 8.4% in secondary education, and 1.8% pursuing tertiary education.

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

The analysis shows eight active transport stops in Corangamite - North, offering a mix of train and bus services. These stops are served by ten individual routes, collectively facilitating 160 weekly passenger trips. Transport accessibility is rated as limited, with residents typically situated 673 meters from the nearest stop.

Service frequency averages 22 trips per day across all routes, translating to approximately 20 weekly trips per individual stop.

Health performance in Corangamite - North is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Health data shows significant challenges for Corangamite - North with high prevalence of common health conditions across both younger and older age groups. Private health cover rate is low at approximately 48%, covering around 2,518 people, compared to the national average of 55.3%.

The most prevalent medical conditions are arthritis (impacting 10.3% of residents) and mental health issues (9.9%), while 60.7% report no medical ailments, compared to 65.0% in Rest of Vic.. The area has a higher proportion of residents aged 65 and over at 26.5%, with around 1,400 people falling into this age group, compared to 24.6% in Rest of Vic..

The latest Census data sees Corangamite - North placing among the least culturally diverse areas in the country when compared across a range of language and cultural background related metrics

Corangamite-North had a low cultural diversity, with 90.2% of its population being citizens, 92.4% born in Australia, and 97.5% speaking English only at home. Christianity was the predominant religion in Corangamite-North, accounting for 55.7% of its population, compared to 50.0% across Rest of Vic. The top three ancestry groups were Australian (33.3%), English (30.5%), and Irish (13.5%).

Notably, Scottish ancestry was higher at 10.9%, Dutch was lower at 1.4%, and Maltese was slightly higher at 0.5%.

Corangamite - North hosts an older demographic, ranking in the top quartile nationwide

The median age in Corangamite - North is 49, which is higher than the Rest of Vic's figure of 43 and Australia's average of 38 years. Compared to the Rest of Vic's average, the 55-64 cohort is notably over-represented at 16.1% locally, while the 35-44 age group is under-represented at 10.3%. Between 2021 and present, the 65 to 74 age group has grown from 13.7% to 14.8%, and the 15 to 24 cohort increased from 9.7% to 10.7%. Conversely, the 55 to 64 cohort declined from 17.8% to 16.1%, and the 45 to 54 group dropped from 12.2% to 11.0%. By 2041, demographic projections indicate significant shifts in Corangamite - North's age structure. The 25 to 34 age cohort is projected to grow by 243 people (46%), from 526 to 770. Meanwhile, population declines are projected for the 15 to 24 and 55 to 64 cohorts.