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Sales Activity
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Population
Lockington - Gunbower has seen population growth performance typically on par with national averages when looking at short and medium term trends
Lockington-Gunbower's population, as of Aug 2025, is around 3,975. This represents an increase of 48 people since the 2021 Census, which reported a population of 3,927. The change is inferred from ABS estimates: 3,960 in June 2024 and additional validated addresses since then. This results in a density ratio of 2.4 persons per square kilometer. Lockington-Gunbower's growth rate of 1.2% since the 2021 Census exceeded its SA3 area's (-0.4%), indicating it as a regional growth leader. Overseas migration contributed approximately 52.4% of recent population gains.
AreaSearch uses 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 employs VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Lockington-Gunbower is forecasted to increase by 1,130 persons based on the latest population numbers, marking a total increase of 28.1% over the 17-year period. This anticipates significant population growth in the top quartile of regional areas nationally.
Frequently Asked Questions - Population
Development
Residential development activity is lower than average in Lockington - Gunbower according to AreaSearch's national comparison of local real estate markets
Lockington - Gunbower has averaged approximately 11 new dwelling approvals annually. Development approval data is produced by the Australian Bureau of Statistics on a financial year basis, with 58 homes approved over the past five financial years from FY-21 to FY-25, and an additional two approved in FY-26 so far. On average, 1.9 new residents have arrived per new home each year over the past five financial years, indicating a balanced supply and demand, though this has moderated to -0.5 people per dwelling over the past two financial years. New properties are constructed at an average value of $572,000, slightly above the regional average, suggesting a focus on quality developments. This year alone, $1.4 million in commercial approvals have been registered, highlighting the area's residential nature.
Compared to the rest of Victoria, Lockington - Gunbower has about three-quarters the rate of new dwelling approvals per person and ranks among the 36th percentile nationally, suggesting limited buyer options while strengthening demand for established dwellings. This activity is also below the national average, indicating an established area with potential planning limitations. Recent development has been entirely comprised of detached dwellings, preserving the area's low density nature and attracting space-seeking buyers. With approximately 480 people estimated per dwelling approval, it reflects a quiet, low activity development environment.
Population forecasts indicate Lockington - Gunbower will gain around 1,115 residents by 2041. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and supporting price growth.
Frequently Asked Questions - Development
Infrastructure
Lockington - Gunbower has emerging levels of nearby infrastructure activity, ranking in the 24thth percentile nationally
Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified seven projects expected to influence the region. Notable projects include AFL Breaking New Ground - St Joseph's College Echuca, Yallarah Estate (Echuca West Precinct), Rich River Lakes Estate, and Kilkerrin Lakes Estate. The following list details those most relevant:.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Frequently Asked Questions - Infrastructure
Yallarah Estate (Echuca West Precinct)
Contemporary masterplanned residential development featuring over 2,000 home sites across 142 hectares with extensive parkland, cycling and walking paths, community facilities, and sustainable design principles. Construction commenced in June 2024 following handover from Victorian Planning Authority to Campaspe Shire Council for implementation.
Victoria Park Multipurpose Community and Emergency Relief Centre
Major redevelopment of Victoria Park into a multipurpose community and emergency relief centre featuring a 400-seat accessible grandstand, community facility with change rooms, function space for 250 seated/400 standing, emergency relief centre with companion animal shelter, 99kW solar system, playground, and sealed car parking. The boat ramp component was completed and officially opened February 27, 2025.
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.
Bendigo and Echuca Line Upgrade
Rail line upgrade delivered three new stations at Goornong, Huntly and Raywood, faster train speeds up to 130km/h between Epsom and Goornong and 100km/h between Goornong and Echuca, improved electronic train order system, upgraded signalling, and reduced journey times by up to 12 minutes. Project tripled weekday services to Echuca and enhanced safety with upgraded level crossings.
Bendigo and Echuca Railway Line Upgrade
$176.2M rail line upgrade delivering three new stations at Goornong, Huntly and Raywood. Features modern Electronic Train Order system, track improvements enabling 130km/h speeds, and tripled weekday services to Echuca. Part of $4B Regional Rail Revival program.
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.
Kilkerrin Lakes Estate
Completed residential estate featuring established homes around constructed lakes with recreational facilities and landscaped parklands.
Employment
Lockington - Gunbower ranks among the top 25% of areas assessed nationally for overall employment performance
Lockington-Gunbower has a balanced workforce with white and blue collar jobs, diverse industry representation, and an unemployment rate of 1.2% as of June 2025. The area employs 2,110 residents, with an unemployment rate 2.6% lower than Rest of Vic.'s 3.8%, and a workforce participation rate of 62.7% compared to Rest of Vic.'s 57.4%.
Key industries are agriculture, forestry & fishing, health care & social assistance, and construction. Employment is heavily specialized in agriculture, forestry & fishing (3.9 times the regional level), but under-represented in health care & social assistance (13.0% vs Rest of Vic.'s 16.8%). Local employment opportunities appear limited based on Census data. From June 2024 to June 2025, Lockington-Gunbower's labour force decreased by 14.3%, with employment down 14.5%, causing unemployment to rise by 0.3 percentage points.
By comparison, Rest of Vic.'s employment declined by 0.9% and unemployment rose by 0.4 percentage points. State-level data to Sep-25 shows VIC employment grew by 1.08% year-on-year, with a state unemployment rate of 4.7%, compared to the national rate of 4.5%. National employment forecasts from Jobs and Skills Australia (May 2025) project national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Lockington-Gunbower's employment mix suggests local growth of approximately 5.1% over five years and 11.5% over ten years.
Frequently Asked Questions - Employment
Income
Income figures position the area below 75% of locations analysed nationally by AreaSearch
AreaSearch's data for financial year 2022 shows Lockington - Gunbower had a median income of $45,085 and an average income of $53,210. This is lower than the national averages of $48,741 (median) and $60,693 (average) for Rest of Vic. Assuming a 10.11% increase based on Wage Price Index growth since FY2022, estimated incomes as of March 2025 would be approximately $49,643 (median) and $58,590 (average). Census data places Lockington - Gunbower's household, family, and personal incomes between the 30th and 31st percentiles. Around 33.5% of residents (1,331 individuals) fall within the $1,500 to $2,999 income range, similar to metropolitan regions at 30.3%. Housing costs allow for retention of 89.5%, but disposable income is below average at the 37th percentile, with the area's SEIFA income ranking in the 4th decile.
Frequently Asked Questions - Income
Housing
Lockington - Gunbower is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
Lockington-Gunbower's dwelling structure in the latest Census showed 98.6% houses and 1.5% other dwellings, compared to Non-Metro Vic.'s 90.3% houses and 9.6% other dwellings. Home ownership was at 45.6%, similar to Non-Metro Vic., with mortgaged dwellings at 39.8% and rented ones at 14.6%. The median monthly mortgage repayment was $1,320, higher than Non-Metro Vic.'s average of $1,300, while the median weekly rent was $200, lower than Non-Metro Vic.'s figure of $250. Nationally, Lockington-Gunbower's mortgage repayments were significantly lower at $1,863 and rents substantially below the national average of $375.
Frequently Asked Questions - Housing
Household Composition
Lockington - Gunbower has a typical household mix, with a higher-than-average median household size
Family households comprise 76.8% of all households, including 32.0% couples with children, 35.2% couples without children, and 9.2% single parent families. Non-family households make up the remaining 23.2%, consisting of 21.1% lone person households and 1.9% group households. The median household size is 2.6 people, larger than the Rest of Vic. average of 2.4.
Frequently Asked Questions - Households
Local Schools & Education
Lockington - Gunbower faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally
The area faces educational challenges, with university qualification rates at 14.3%, substantially below the VIC average of 33.4%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees lead at 11.3%, followed by graduate diplomas at 1.6% and postgraduate qualifications at 1.4%. Trade and technical skills are prominent, with 42.5% of residents aged 15+ holding vocational credentials - advanced diplomas at 10.2% and certificates at 32.3%.
Educational participation is high, with 30.4% of residents currently enrolled in formal education. This includes 13.0% in primary education, 9.7% in secondary education, and 2.1% pursuing tertiary education. Educational provision includes Lockington Consolidated School and Gunbower Primary School, collectively serving 183 students. These schools demonstrate typical Australian school conditions (ICSEA: 959) with balanced educational opportunities. Both schools focus exclusively on primary education, with secondary options available in surrounding areas. Limited local school capacity (4.6 places per 100 residents vs 16.6 regionally) means many families travel to nearby areas for schooling.
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 five active stops operating in Lockington - Gunbower area. These stops serve a mix of bus routes, totaling nine individual routes. This network facilitates 40 weekly passenger trips collectively.
Transport accessibility is rated good, with residents on average located 359 meters from the nearest stop. Service frequency averages five trips per day across all routes, equating to approximately eight weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Lockington - Gunbower is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts
Lockington-Gunbower faces significant health challenges with common health conditions prevalent among both younger and older age cohorts. Approximately 47% (~1,856 people) have private health cover, lower than the national average of 55.3%.
The most common medical conditions are arthritis (10.2%) and mental health issues (8.5%). 65.6% report having no medical ailments, compared to 62.2% in Rest of Vic.. The area has 20.4% (811 people) aged 65 and over, lower than the 25.1% in Rest of Vic..
Frequently Asked Questions - Health
Cultural Diversity
The latest Census data sees Lockington - Gunbower placing among the least culturally diverse areas in the country when compared across a range of language and cultural background related metrics
Lockington-Gunbower showed cultural diversity below the average, with 88.5% citizens, 94.2% born in Australia, and 97.7% speaking English only at home. Christianity was the dominant religion, at 51.9%, compared to 53.0% regionally. Top ancestry groups were Australian (37.6%), English (31.4%), and Irish (9.3%).
Notably, Scottish ancestry was higher than regional average at 9.2%. Welsh and German ancestries stood at 0.5% and 3.1%, respectively, matching regional averages.
Frequently Asked Questions - Diversity
Age
Lockington - Gunbower hosts an older demographic, ranking in the top quartile nationwide
Lockington-Gunbower's median age in 2021 was 45 years, which is slightly higher than Victoria's average of 43 and considerably older than Australia's national norm of 38. Compared to the Rest of Vic.'s average, Lockington-Gunbower has a notable over-representation of the 55-64 age cohort (15.8% locally) while the 75-84 year-olds are under-represented (5.4%). Between 2021 and now, the proportion of 15 to 24-year-olds has increased from 10.6% to 11.8%, while the 45 to 54 cohort has decreased from 14.5% to 13.6%. By 2041, demographic modeling suggests significant changes in Lockington-Gunbower's age profile. The 25 to 34 age group is projected to grow significantly, increasing by 269 people (76%) from 356 to 626. Conversely, the 55 to 64 cohort shows minimal growth of just 1% (5 people).