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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
Viewbank - Yallambie has seen population growth performance typically on par with national averages when looking at short and medium term trends
Viewbank-Yallambie's population, as of November 2025, is approximately 19,123, reflecting a growth of 390 people (2.1%) since the 2021 Census which reported 18,733 inhabitants. This increase is inferred from ABS estimated resident population of 19,009 in June 2024 and an additional 107 validated new addresses since the Census date. The population density ratio is 1,867 persons per square kilometer, above national averages assessed by AreaSearch. The area's 2.1% growth positions it within 3.0 percentage points of its SA3 area (5.1%), indicating competitive growth fundamentals. Overseas migration contributed approximately 86.3% of overall population gains during recent periods. AreaSearch adopts 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 from 2023, adjusted employing weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Population projections forecast a significant increase in the top quartile of statistical areas nationally, with Viewbank-Yallambie expected to expand by 7,163 persons to 2041 based on latest population numbers, indicating a total increase of 36.9% over the 17 years.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development drivers sees a low level of activity in Viewbank - Yallambie, placing the area among the bottom 25% of areas assessed nationally
Viewbank - Yallambie has seen approximately 38 new homes approved annually over the past five financial years from FY12 to FY16. This totals 194 homes. In FY16-17, 24 approvals have been recorded so far. The population has declined in recent years but housing supply has remained adequate relative to demand, creating a balanced market with good buyer choice.
New dwellings are developed at an average expected construction cost of $479,000, indicating focus on the premium market with high-end developments. There have been $9.7 million in commercial approvals this financial year, suggesting balanced commercial development activity. Compared to Greater Melbourne and nationally, Viewbank - Yallambie shows substantially reduced construction activity (70.0% below regional average per person), reflecting its mature status and possible planning constraints. Recent construction comprises 52.0% standalone homes and 48.0% townhouses or apartments, marking a significant shift from existing housing patterns which are currently 85.0% houses. This may indicate diminishing developable land availability and response to evolving lifestyle preferences and housing affordability needs. The location has approximately 777 people per dwelling approval, demonstrating an established market.
Looking ahead, Viewbank - Yallambie is expected to grow by 7,049 residents from 2016 to 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.
Frequently Asked Questions - Development
Infrastructure
Viewbank - Yallambie 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 14 projects that could affect the region. Notable ones are North East Link Environmental Parklands, Rosanna Village Masterplan & Redevelopment, 149 McKimmies Road Residential Precinct, and Plenty River Trail Upgrades. The following list details those most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Austin Hospital Emergency Department Expansion
Victorian Government-funded $275 million expansion of the Austin Hospital Emergency Department in Heidelberg. The project will deliver 29 additional treatment spaces, a dedicated paediatric emergency area, expanded short-stay unit, new clinical administration areas, and a double-height public foyer with cafe and retail offerings. Early works commenced in 2024, main construction is underway and completion is scheduled for 2028.
University Hill Master Planned Community
A $1 billion mixed-use master planned community by MAB Corporation spanning 104 hectares. Features residential areas home to around 3,000 residents, DFO retail outlet with 130+ national and international retailers, business parks, town centre with 40+ specialty stores, conference centre, and community facilities. The development includes 3 hectares of recreation parks, 5 hectares of wetlands, and 10 hectares of nature reserves.
M80 Ring Road Completion
Final stage completing the M80 Ring Road upgrade between Plenty Road (Greensborough) and the North East Link tunnels (Watsonia). Delivers 14 km of new lanes, express lanes to North East Link, new interchanges at Plenty Road and Grimshaw Street, landscaped bridges at Elder Street and Watsonia Road, over 10 km of walking and cycling paths, and smart freeway technology. Expected to remove up to 19,000 vehicles per day from local roads.
Rosanna Village Masterplan & Redevelopment
Precinct-wide renewal of Rosanna Village focused on a new three storey, 1,600 sqm Rosanna Library delivered in partnership with Woolworths, a new Woolworths supermarket, upgraded Turnham Avenue streetscapes, improved pedestrian and bus connections to Rosanna Station, a new public plaza and landscaping, and capacity for future mixed use development around the neighbourhood activity centre.
149 McKimmies Road Residential Precinct
Transformation of a former 36.4-hectare quarry site into a masterplanned residential community delivering approximately 730 homes (including 5% social housing and 10% affordable housing), new public parks, extensive tree planting (30% canopy cover target), pedestrian/cycle paths, a new bridge over Darebin Creek and rehabilitation of the creek corridor. Remains the largest infill residential site in Bundoora.
Level Crossing Removal - North Eastern Program Alliance (Hurstbridge corridor)
Program alliance delivering level crossing removals and rail upgrades in Melbourne's north east. NEPA delivered Stage 1 of the Hurstbridge Line Upgrade (duplicate track Heidelberg-Rosanna, remove crossings at Grange Rd Alphington and Lower Plenty Rd Rosanna, build the new Rosanna Station). Subsequent corridor upgrades including the Hurstbridge Line Duplication delivered new stations at Greensborough and Montmorency, further track duplication and a shared path, with major construction completed in April 2025.
Lower Plenty Road, Rosanna Level Crossing Removal and Rosanna Station Upgrade
Removal of the level crossing at Lower Plenty Road in Rosanna by building an elevated rail bridge over the road, and delivery of a new elevated Rosanna Station and upgraded station precinct as part of the Hurstbridge Line Upgrade Stage 1. The project also duplicated a single section of track between Heidelberg and Rosanna to improve safety, reduce congestion for road users, and allow more frequent and reliable train services on the Hurstbridge line.
Montmorency North Pavilion Refurbishment
Refurbishment of the Montmorency North Pavilion to upgrade facilities, including changerooms, storerooms, gym, and umpires' rooms, to meet current compliance standards and support female participation in sports. Tenders for construction were sought by Banyule City Council, with the tender closing in July 2025. The project is a smaller refurbishment focusing on female-friendly facilities, delivered in 2025/26.
Employment
AreaSearch analysis of employment trends sees Viewbank - Yallambie performing better than 85% of local markets assessed across Australia
Viewbank - Yallambie has a highly educated workforce with strong representation in professional services. The unemployment rate was 1.9% as of June 2025.
Employment growth over the past year was estimated at 2%. In June 2025, 10,583 residents were employed while the unemployment rate was 2.7% below Greater Melbourne's rate of 4.6%. Workforce participation was on par with Greater Melbourne's 64.1%. Major employment sectors include health care & social assistance, public administration & safety, and education & training.
Public administration & safety showed a notable concentration at 2.2 times the regional average. Conversely, manufacturing had lower representation at 4.9% compared to the regional average of 7.2%. The area offers limited local employment opportunities as indicated by the Census working population vs resident population count. Over the 12 months to June 2025, employment increased by 2.0% while labour force increased by 1.4%, reducing the unemployment rate by 0.6 percentage points. In contrast, Greater Melbourne saw employment grow by 3.5%, labour force expand by 4.0%, and unemployment rise by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Viewbank - Yallambie's employment mix suggests local growth of approximately 6.9% over five years and 14.1% over ten years, though these are simple extrapolations for illustrative purposes only.
Frequently Asked Questions - Employment
Income
Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch
AreaSearch's aggregation of the latest postcode level ATO data released for financial year 2022 indicates Viewbank - Yallambie had a median income among taxpayers of $60,604 with an average level of $81,795. This is among the highest in Australia and compares to levels of $54,892 and $73,761 across Greater Melbourne respectively. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates for Viewbank - Yallambie would be approximately $67,973 (median) and $91,741 (average) as of September 2025. From the Census conducted in 2021, household, family and personal incomes in Viewbank - Yallambie cluster around the 67th percentile nationally. Income analysis reveals that 30.6% of individuals in Viewbank - Yallambie earn between $1,500 and $2,999 per week, mirroring the national trend where 32.8% fall within this bracket. The district demonstrates considerable affluence with 31.2% earning over $3,000 per week, supporting premium retail and service offerings. Housing accounts for 13.7% of income while strong earnings rank residents within the 71st percentile for disposable income. Additionally, the area's SEIFA income ranking places it in the 8th decile.
Frequently Asked Questions - Income
Housing
Viewbank - Yallambie is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
In Viewbank-Yallambie, as per the latest Census, 84.8% of dwellings were houses, with 15.1% being semi-detached, apartments, or other types. This compares to Melbourne's metro area where 76.0% were houses and 24.0% were other dwellings. Home ownership in Viewbank-Yallambie stood at 40.9%, with mortgaged dwellings at 38.2% and rented ones at 20.9%. The median monthly mortgage repayment was $2,200, exceeding Melbourne's metro average of $2,167. The median weekly rent in Viewbank-Yallambie was $400, slightly higher than Melbourne's metro figure of $399. Nationally, these figures compare to an Australian average monthly mortgage repayment of $1,863 and a weekly rent of $375.
Frequently Asked Questions - Housing
Household Composition
Viewbank - Yallambie has a typical household mix, with a higher-than-average median household size
Family households account for 75.4% of all households, including 39.2% couples with children, 24.4% couples without children, and 11.0% single parent families. Non-family households make up the remaining 24.6%, with lone person households at 22.6% and group households comprising 2.1%. The median household size is 2.6 people, which is larger than the Greater Melbourne average of 2.5.
Frequently Asked Questions - Households
Local Schools & Education
Viewbank - Yallambie shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators
The area's university qualification rate is 40.1% among residents aged 15+, surpassing the Australian average of 30.4% and the SA4 region's rate of 32.8%. Bachelor degrees are most common at 24.6%, followed by postgraduate qualifications (11.1%) and graduate diplomas (4.4%). Vocational credentials are held by 27.1% of residents aged 15+, with advanced diplomas accounting for 11.1% and certificates for 16.0%.
Educational participation is high, with 29.1% of residents currently enrolled in formal education. This includes 10.2% in primary education, 8.0% in secondary education, and 5.2% pursuing tertiary education. Viewbank - Yallambie has four schools with a combined enrollment of 2,839 students as of the latest data. The area's socio-educational conditions are above average, with an ICSEA score of 1093. Educational institutions include two primary schools, one secondary school, and one K-12 school.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Viewbank - Yallambie has 66 active public transport stops operating. These are a mix of train and bus stops serviced by 7 individual routes. Collectively, these routes provide 4,115 weekly passenger trips.
Transport accessibility is rated as good, with residents typically located 234 meters from the nearest stop. Service frequency averages 587 trips per day across all routes, equating to approximately 62 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Viewbank - Yallambie's residents are healthier than average in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts
Health data shows Viewbank - Yallambie residents have relatively positive health outcomes, with common conditions seen equally among young and old age groups. Private health cover is exceptionally high at approximately 61% of the total population (11,626 people), compared to the national average of 55.3%.
The most common medical conditions are arthritis and mental health issues, affecting 7.9% and 7.8% of residents respectively. A majority, 70.1%, report being completely clear of medical ailments, slightly higher than Greater Melbourne's 69.3%. The area has 19.6% of residents aged 65 and over (3,751 people), broadly in line with the general population's health profile.
Frequently Asked Questions - Health
Cultural Diversity
Viewbank - Yallambie was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics
Viewbank-Yallambie has a higher cultural diversity than most local areas, with 27.2% of its population born overseas and 25.7% speaking languages other than English at home. Christianity is the predominant religion in Viewbank-Yallambie, accounting for 47.3%. Hinduism is overrepresented compared to Greater Melbourne, comprising 2.4% versus 1.9%.
The top three ancestry groups are English (22.4%), Australian (21.1%), and Other (8.6%). Notably, Italian (7.3%) and Macedonian (1.1%) have similar representation in Viewbank-Yallambie as the regional average, while Croatian is slightly overrepresented at 1%.
Frequently Asked Questions - Diversity
Age
Viewbank - Yallambie's population is slightly older than the national pattern
The median age of Viewbank - Yallambie is 40, which is slightly higher than Greater Melbourne's figure of 37 and Australia's median age of 38 years. The 75-84 age cohort is notably over-represented in Viewbank - Yallambie at 7.8%, compared to the Greater Melbourne average. Conversely, those aged 25-34 are under-represented locally at 10.1%. Between 2021 and present, the population of 15 to 24-year-olds has grown from 11.2% to 12.3%, while the 65 to 74 age group has declined from 9.6% to 8.8%. By 2041, demographic modeling suggests significant changes in Viewbank - Yallambie's age profile. The 45-54 age cohort is projected to expand notably, increasing by 1,162 people (44%) from 2,660 to 3,823.