Bundoora, situated approximately 16 km north of Melbourne’s Central Business District, falls within the boundaries of the City of Darebin and Whittlesea. It’s known for its blend of residential, educational, and recreational spaces, making it a diverse and dynamic suburb.
Table of Contents
Demographic Profile
- Population: Features a diverse demographic, including families, professionals, students, and retirees. According to the 2021 census, the population of Bundoora is 28,068.
- Predominant Age Group: Notable for its young population, largely due to the presence of universities, with a significant number of residents in the 18-24 age group.
- Median Household Income: Reflects a range typical for Melbourne’s northern suburbs.
- Occupancy: A balanced mix of homeownership and rental properties, partly due to the student population.
Real Estate and Growth
- Median House Prices: The median house price in Bundoora is around AUD 750,000.
- Median Unit Prices: Units, including apartments and townhouses, have a median price of approximately AUD 500,000.
- Rental Market: The median rent for houses is about AUD 400 per week, while for units, it’s around AUD 350 per week.
- Market Trends: Bundoora has experienced steady growth in property values, supported by its comprehensive amenities and educational institutions.
Education and Lifestyle
- Schools: Hosts several primary and secondary schools, both public and private.
- Universities: Home to La Trobe University and RMIT University campuses, making it a vibrant educational hub.
- Local Vibe: The suburb offers a mix of residential quietness and bustling student energy, especially near the university campuses.
- Community Insights: Known for its multiculturalism, its population has various ethnic backgrounds.
Transportation
- Public Transport: Well-served by public transport, including trams, buses, and trains, offering easy access to the CBD and surrounding areas.
- Accessibility: Main roads such as Plenty Road and the Metropolitan Ring Road provide convenient transport links.
Notable Features
- Recreational Facilities: Features extensive parklands, including Bundoora Park and the Bundoora Park Golf Course.
- Shopping and Dining: Offers a range of shopping and dining options, with University Hill Town Centre being a popular destination.
Bundoora is a dynamic and diverse suburb, attracting many residents, from students to families. Its educational institutions, comprehensive amenities, green spaces, and a steady real estate market make it a desirable location for both living and investment in Melbourne’s northern suburbs.
