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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Population
Heathcote lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends
Heathcote's population is approximately 5,560 as of November 2025. This figure reflects an increase of 498 people since the 2021 Census, which reported a population of 5,062. The change is inferred from the estimated resident population of 5,336 in June 2024 and an additional 115 validated new addresses since the Census date. This results in a density ratio of 7.3 persons per square kilometer. Heathcote's growth rate of 9.8% since the 2021 census exceeded both the SA4 region (5.9%) and the non-metro area, indicating it as a growth leader. Interstate migration contributed approximately 94.8% of overall population gains during recent periods.
AreaSearch is using 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 uses the VIC State Government's Regional/LGA projections from 2023, adjusted via 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. According to these projections, Heathcote is forecasted to have a significant population increase in the top quartile of Australia's non-metropolitan areas, with an expected growth of 1,803 persons by 2041, recording a total gain of 28.3% over the 17 years.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential approval activity sees Heathcote among the top 30% of areas assessed nationwide
Heathcote has received approximately 42 dwelling approvals annually over the past five financial years, totalling 210 homes from FY-21 to FY-25. As of FY-26, 11 approvals have been recorded. On average, each dwelling has accommodated around 2.6 new residents per year during this period, indicating strong demand that supports property values. The average construction cost value for new homes is $321,000.
In the current financial year, $4.5 million in commercial approvals have been registered, reflecting the area's residential character. Compared to the rest of Victoria, Heathcote exhibits moderately higher building activity, with 25.0% more approvals per person over the five-year period. This has preserved reasonable buyer options while sustaining existing property demand, although development activity has somewhat slowed in recent periods.
All new construction consists of standalone homes, preserving the area's low-density nature and attracting space-seeking buyers. With around 206 people per dwelling approval, Heathcote displays characteristics of a growth area. Projections indicate an increase of 1,572 residents by 2041. Construction pace is maintaining with projected growth, but buyers may face increasing competition as population grows.
Frequently Asked Questions - Development
Infrastructure
Heathcote has emerging levels of nearby infrastructure activity, ranking in the 21stth percentile nationally
Four projects identified by AreaSearch are expected to influence the local area's performance: Heathcote Community Hub Redevelopment, Heathcote Boutique Lots (SIG Group), Axedale Solar Farm, and Strathfieldsaye Growth Area.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Greater Bendigo Managed Growth Strategy Implementation
Strategic framework adopted by the City of Greater Bendigo to guide the region's residential growth and housing diversity until 2056. The strategy plans for 38,000 new dwellings, with a long-term goal of directing 70% of new housing to established infill areas to improve climate resilience and infrastructure efficiency.
Water and Sewer Network Program
A major 10-year plus program valued at $100 million in its first phase to renew and upgrade critical water and sewer pipes and pumps across the Coliban Water region. The program aims to protect community health, support economic development, and address changing climate needs. Key features include pipeline construction, sewer main upgrades, and pump station improvements across multiple townships. The first phase covers 2023-2028 and is delivered in partnership with Jaydo Construction and Leed Engineering, who are committed to using local resources and materials to maximize social and economic benefits for the region.
Victorian Renewable Energy Zones
VicGrid, a Victorian Government agency, is coordinating the planning and staged declaration of six proposed onshore Renewable Energy Zones (plus a Gippsland shoreline zone to support offshore wind). The 2025 Victorian Transmission Plan identifies the indicative REZ locations, access limits and the transmission works needed to connect new wind, solar and storage while minimising impacts on communities, Traditional Owners, agriculture and the environment. Each REZ will proceed through a statutory declaration and consultation process before competitive allocation of grid access to projects.
Heathcote Community Hub Redevelopment
The City of Greater Bendigo is undertaking a multimillion-dollar redevelopment of the Heathcote Civic Precinct to create a multi-purpose community hub. The project involves refurbishing and expanding the heritage-listed Municipal Office and former Court House buildings. Key features include an expanded library with a tech hub, multi-purpose meeting spaces, co-working areas, improved accessibility, outdoor community space, and parenting facilities. The hub will house customer support services, maternal and child health services, and the Heathcote Library.
Bendigo and Echuca Line Upgrade
Completed $176 million rail upgrade (part of the $4 billion Regional Rail Revival program) delivering three new stations at Goornong, Huntly and Raywood, track and signalling upgrades enabling speeds up to 130 km/h (Epsom-Goornong) and 100 km/h (Goornong-Echuca), a new Electronic Train Order system, 10 upgraded level crossings with improved detection, and tripled weekday services to Echuca. Passengers save up to 12 minutes on journeys, with additional savings from timetable changes in late 2023.
Axedale Solar Farm
A hybrid 140 MW solar PV and 50 MW/100 MWh battery energy storage system project located 20 km east of Bendigo in Victoria. The project utilizes state-of-the-art solar photovoltaic panels that track the sun, reducing emissions by 200,000 tonnes of CO2 per year, creating up to 150 construction jobs and 5 ongoing local jobs, with potential for sheep grazing during operation.
Strathfieldsaye Growth Area
Major growth area with population expected to double from 6,500 to 13,000 by 2035. Multiple residential developments including Brookwood Townhomes and other estates. Focus on areas south of township.
Regional Housing Fund (Victoria)
A $1 billion Homes Victoria program delivering around 1,300 new social and affordable homes across at least 30 regional and rural LGAs, using a mix of new builds, purchases in new developments, renewals and refurbishments. Delivery commenced in late 2023 with early completions recorded; overall fund completion is targeted for 2028.
Employment
Employment drivers in Heathcote are experiencing difficulties, placing it among the bottom 20% of areas assessed across Australia
Heathcote has a balanced workforce comprising white and blue collar jobs, with manufacturing and industrial sectors prominent. Its unemployment rate was 4.9% in June 2024.
Over the past year, employment stability has been relative. As of June 2025, 2,206 residents are employed while the unemployment rate is 1.1% higher than Rest of Vic.'s rate of 3.8%. Workforce participation lags at 47.3%, compared to Rest of Vic.'s 57.4%. Leading employment industries include health care & social assistance, construction, and manufacturing.
Mining stands out with an employment share 7.4 times the regional level. However, education & training has a limited presence at 6.5% compared to the regional 9.1%. Local employment opportunities appear limited based on Census data comparison of working population versus resident population. Between June 2024 and June 2025, employment increased by 0.1%, while labour force rose by 1.7%, leading to a 1.5 percentage point rise in unemployment rate. This contrasts with Rest of Vic., where employment contracted by 0.9%, labour force fell by 0.4%, and unemployment rose by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Heathcote's employment mix suggests local growth of approximately 5.8% over five years and 12.6% over ten years, though this is a simple extrapolation for illustrative purposes and does not account for localised population projections.
Frequently Asked Questions - Employment
Income
The area's income levels rank in the lower 15% nationally based on AreaSearch comparative data
Heathcote's median income among taxpayers was $46,292 in financial year 2022. The average income stood at $57,736 during the same period. Comparatively, Rest of Vic.'s median and average incomes were $48,741 and $60,693 respectively. By September 2025, estimates suggest Heathcote's median income would be approximately $51,921, with an average of around $64,757, based on a 12.16% growth in wages since financial year 2022. According to the 2021 Census, incomes in Heathcote fall between the 7th and 8th percentiles nationally for households, families, and individuals. The $400 - 799 earnings band captures 28.1% of Heathcote's community, with 1,562 individuals in this bracket, contrasting with regional levels where the $1,500 - 2,999 bracket leads at 30.3%. Despite modest housing costs allowing for 86.8% income retention, total disposable income ranks at just the 12th percentile nationally.
Frequently Asked Questions - Income
Housing
Heathcote is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
Heathcote's dwelling structure, as per the latest Census, comprised 96.4% houses and 3.6% other dwellings. This compares to Non-Metro Vic.'s 95.2% houses and 4.8% other dwellings. Home ownership in Heathcote stood at 51.7%, with mortgaged dwellings at 35.8% and rented ones at 12.5%. The median monthly mortgage repayment was $1,387, below Non-Metro Vic.'s average of $1,600. The median weekly rent in Heathcote was $260, compared to Non-Metro Vic.'s $320. Nationally, Heathcote's mortgage repayments were lower at $1,387 versus the Australian average of $1,863, and rents were lower at $260 compared to the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Heathcote features high concentrations of lone person households, with a lower-than-average median household size
Family households comprise 64.1% of all households, including 20.5% couples with children, 34.3% couples without children, and 7.8% single parent families. Non-family households account for the remaining 35.9%, with lone person households at 32.4% and group households comprising 3.4%. The median household size is 2.2 people, smaller than the Rest of Vic. average of 2.4.
Frequently Asked Questions - Households
Local Schools & Education
Heathcote shows below-average educational performance compared to national benchmarks, though pockets of achievement exist
The area's university qualification rate is 17.2%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 11.2%, followed by graduate diplomas (3.2%) and postgraduate qualifications (2.8%). Vocational credentials are prevalent, with 42.5% of residents aged 15+ holding them, including advanced diplomas (11.5%) and certificates (31.0%). Educational participation is high at 25.8%, comprising 10.5% in primary, 6.9% in secondary, and 2.3% in tertiary education.
Heathcote's three schools have a combined enrollment of 318 students, serving typical Australian school conditions (ICSEA: 994) with balanced educational opportunities. All three schools focus on primary education, with secondary options available nearby. School places per 100 residents stand at 5.7, lower than the regional average of 10.5, indicating some students may attend schools in adjacent areas.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is very low compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Transport analysis shows 13 active stops operating in Heathcote. These are a mix of bus stops serviced by 10 routes offering 104 weekly passenger trips. Accessibility is limited with residents typically located 1982 meters from the nearest stop.
Service frequency averages 14 trips per day across all routes, equating to approximately 8 weekly trips per stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Heathcote is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts
Health challenges are prominent across Heathcote, affecting various age groups. The most common conditions include arthritis and mental health issues, impacting 14.7% and 9.7% of residents respectively. Approximately 55.4% of residents report no medical ailments, compared to 63.4% in the rest of Victoria.
Private health cover is relatively low at approximately 49%, covering around 2,718 people, compared to a national average of 55.3%. The area has a higher proportion of seniors aged 65 and over, with 28.6%, or 1,588 people, compared to 24.9% in the rest of Victoria. Health outcomes among seniors present challenges but perform better than the general population in health metrics.
Frequently Asked Questions - Health
Cultural Diversity
Heathcote is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics
Heathcote had a cultural diversity level below average, with 86.0% of its population being Australian citizens born in Australia speaking English only at home by June 2016 census data. Christianity was the predominant religion, practiced by 49.5% of Heathcote residents compared to 39.3% regionally as of this date. The top three ancestry groups were English (32.0%), Australian (30.2%), and Irish (11.6%).
Notably, Scottish ancestry was slightly overrepresented at 9.4%, while Maltese and German ancestries were marginally underrepresented at 0.7% and 3.7% respectively compared to regional averages of 10.1%, 0.6%, and 3.6%.
Frequently Asked Questions - Diversity
Age
Heathcote ranks among the oldest 10% of areas nationwide
The median age in Heathcote is 52 years, significantly higher than Rest of Vic.'s average of 43 and well above the national norm of 38. The 55-64 age group is notably over-represented in Heathcote at 17.4%, compared to Rest of Vic.'s average of 15.2%. This is also higher than the national figure of 11.2%. Meanwhile, the 15-24 age group is under-represented at 7.5%. Between 2021 and present, the 35-44 age group has grown from 9.2% to 11.2%, while the 45-54 cohort has declined from 13.7% to 12.1%. Population forecasts for 2041 indicate substantial demographic changes in Heathcote, with the 35-44 age group projected to grow by 49% to reach 928 residents, adding 304 people. In contrast, the 55-64 cohort is projected to grow by a modest 1%, adding just 13 people.