Shepparton - North

Population growth drivers in Shepparton - North are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Shepparton - North's population was approximately 20,913 as of November 2025. This figure represents an increase of 985 people (4.9%) since the 2021 Census, which reported a population of 19,928 people. The growth is inferred from an estimated resident population of 20,331 in June 2024 and an additional 632 validated new addresses since the Census date. This results in a density ratio of 318 persons per square kilometer. Shepparton - North's growth rate exceeded that of its SA4 region (3.5%) and SA3 area, making it a growth leader in the region. Overseas migration contributed approximately 80.7% 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 VIC State Government's Regional/LGA projections released in 2023 with adjustments made through weighted aggregation from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population dynamics predict exceptional growth, placing Shepparton - North in the top 10 percent of Australia's regional areas. By 2041, the area is expected to increase by 11,711 persons, reflecting a gain of 53.1% over the 17 years based on the latest annual ERP population numbers.

AreaSearch assessment of residential approval activity sees Shepparton - North among the top 30% of areas assessed nationwide

Shepparton - North averaged around 133 new dwelling approvals annually. Over the past five financial years, from FY21 to FY25669 homes were approved, with a further 85 approved in FY26 so far. On average, this has resulted in 0.6 new residents per year per dwelling constructed over the same period.

This suggests that new supply is keeping pace with or exceeding demand, providing ample buyer choice and creating capacity for population growth beyond current forecasts. The average value of new homes being built is $321,000. This financial year has seen $186.8 million in commercial development approvals, indicating robust local business investment.

Compared to the rest of Victoria, Shepparton - North has similar development levels per person, supporting market stability in line with regional patterns. The new development consists of 78.0% standalone homes and 22.0% medium and high-density housing, preserving the area's low density nature and attracting space-seeking buyers. With around 169 people per dwelling approval, Shepparton - North exhibits characteristics of a low-density area. Population forecasts indicate that Shepparton - North will gain 11,105 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Shepparton - North has moderate levels of nearby infrastructure activity, ranking in the 47thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 17 projects that could affect this region. Notable ones include the Shepparton Sports & Events Centre Redevelopment, GV Health Staff Accommodation Development, The North Quarter Estate, and the Shepparton North Activity Centre Structure Plan. Below is a list of those most likely to be 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.

While Shepparton - North retains a healthy unemployment rate of 3.4%, recent employment declines have impacted its national performance ranking

Shepparton - North has a skilled workforce with well-represented essential services sectors. Its unemployment rate is 3.4%, as of September 2025.

There are 9,963 residents in work, with an unemployment rate of 0.3% lower than Rest of Vic.'s rate of 3.8%. Workforce participation is at 60.3%, compared to Rest of Vic.'s 57.4%. Employment is concentrated in health care & social assistance, education & training, and retail trade. The area has a strong specialization in health care & social assistance, with an employment share 1.4 times the regional level.

Conversely, agriculture, forestry & fishing shows lower representation at 4.2% versus the regional average of 7.5%. There is a ratio of 0.7 workers for each resident, indicating above-normal local employment opportunities. Between September 2024 and September 2025, the labour force decreased by 10.5%, while employment declined by 12.0%, causing the unemployment rate to rise by 1.7 percentage points. In comparison, Rest of Vic.'s employment fell by 0.7%, labour force contracted by 0.6%, and unemployment rose marginally. State-level data from 25-Nov-25 shows VIC employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. National employment forecasts from May-25 suggest a growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Shepparton - North's employment mix suggests local employment should increase by 6.7% over five years and 14.1% over ten years, though this is a simplified extrapolation for illustrative purposes and does not account for localized population projections.

Income levels sit below national averages according to AreaSearch assessment

The Shepparton - North SA2's median income among taxpayers was $46,483 and average was $56,787 in financial year 2022, according to AreaSearch's latest postcode level ATO data. This is below the national average. The Rest of Vic. had a median income of $48,741 and an average of $60,693 during the same period. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates would be approximately $52,135 (median) and $63,692 (average) as of September 2025. The 2021 Census shows household, family and personal incomes rank modestly in Shepparton - North, between the 38th and 45th percentiles. The earnings profile indicates that 33.7% of locals (7,047 people) fall into the $1,500 - 2,999 income category, similar to metropolitan regions where 30.3% occupy this range. Housing costs are manageable with 87.1% retained, but disposable income sits below average at the 43rd percentile and the area's SEIFA income ranking places it in the 4th decile.

Shepparton - North is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

Shepparton - North's dwelling structures, as per the latest Census, consisted of 85.6% houses and 14.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Non-Metro Vic. had 88.5% houses and 11.5% other dwellings. Home ownership in Shepparton - North stood at 31.4%, with mortgaged dwellings at 33.0% and rented ones at 35.6%. The median monthly mortgage repayment was $1,369, higher than Non-Metro Vic.'s average of $1,300. The median weekly rent figure in Shepparton - North was $270, compared to Non-Metro Vic.'s $260. Nationally, Shepparton - North's mortgage repayments were significantly lower at $1,369 versus the Australian average of $1,863, and rents were substantially below the national figure of $375.

Shepparton - North has a typical household mix, with a fairly typical median household size

Family households account for 67.7% of all households, including 29.6% couples with children, 24.8% couples without children, and 12.3% single parent families. Non-family households constitute the remaining 32.3%, with lone person households at 28.9% and group households making up 3.4%. The median household size is 2.5 people, which aligns with the average for the Rest of Vic.

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

Shepparton's educational qualifications trail regional Victorian benchmarks, with 23.8% of residents aged 15+ holding university degrees compared to Victoria's 33.4%. Bachelor degrees are most common at 15.3%, followed by postgraduate qualifications (5.2%) and graduate diplomas (3.3%). Vocational credentials are prominent, with 34.1% of residents aged 15+ holding them - advanced diplomas at 10.7% and certificates at 23.4%. Educational participation is high, with 31.2% of residents currently enrolled in formal education: 10.8% in primary, 9.4% in secondary, and 3.5% in tertiary education.

Educational participation is notably high, with 31.2% of residents currently enrolled in formal education. This includes 10.8% in primary education, 9.4% in secondary education, and 3.5% pursuing tertiary education.

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

Shepparton - North has 159 active public transport stops operating, all of which are bus stops. These stops are served by 16 different routes that together provide 539 weekly passenger trips. The accessibility of these services is rated as good, with residents typically living within 248 meters of the nearest stop.

On average, there are 77 trips per day across all routes, which equates to approximately three weekly trips per individual stop.

Health performance in Shepparton - North is well below average with considerably higher than average prevalence of common health conditions and to an even higher degree among older age cohorts

Shepparton - North faces significant health challenges with a higher prevalence of common conditions compared to the average, particularly among older age groups. Private health cover is low at approximately 48%, covering around 10,100 people, while the national average stands at 55.3%.

The most prevalent medical conditions are arthritis and mental health issues, affecting 9.4% and 9.1% of residents respectively. However, 65.7% of residents report no medical ailments, compared to 64.8% in Rest of Vic. The area has 17.1% of residents aged 65 and over, totaling 3,586 people, which is lower than the 18.9% in Rest of Vic. Despite this, health outcomes among seniors require more attention than those of the broader population.

The level of cultural diversity witnessed in Shepparton - North was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Shepparton-North, as per the data, exhibits above-average cultural diversity with 20.3% of its population born overseas and 20.6% using a language other than English at home. Christianity is the dominant religion in Shepparton-North, accounting for 51.6% of the population. Notably, the 'Other' religious category comprises 2.8%, slightly higher than the Rest of Vic's average of 2.7%.

In terms of ancestry, the top three groups are English (26.4%), Australian (25.1%), and Other (10.3%). Certain ethnic groups show notable differences: Italian is overrepresented at 5.5% compared to the regional average of 6.0%, Macedonian remains steady at 0.4%, and Samoan also stands at 0.4%.

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

The median age in Shepparton - North as of 2021 was 37 years, significantly lower than Rest of Vic.'s average of 43 and close to the national average of 38. The age profile showed that those aged 25-34 were prominent at 14.8%, while those aged 65-74 were comparatively smaller at 9.3%. Between 2021 and present, the 35-44 age group grew from 12.4% to 13.7%, and the 25-34 cohort increased from 13.6% to 14.8%. Conversely, the 45-54 cohort declined from 12.2% to 11.0%, and the 55-64 group dropped from 12.2% to 11.2%. Looking ahead to 2041, demographic projections indicate that the 25-34 age cohort is expected to rise substantially, with an increase of 2,723 people (88%), from 3,090 to 5,814.