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Suburb Insights ยท VIC 3083

Bundoora 3083, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Bundoora is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 28,068, making it a sizeable community. Located approximately 15 km from the Melbourne CBD, Bundoora is a middle ring area in Victoria. The median household income is $86,736 AUD per year (ABS 2021 Census).

Investment Score

65 / 100 Good

Household incomes in Bundoora sit in a comfortable mid-range for the Victoria market. Its proximity to the CBD adds a strong location premium.

Location

Map shows Bundoora, Victoria, Australia.

Key Indicators

Postcode
3083

Official Australia Post postcode for Bundoora. A postcode may cover multiple suburbs.

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Population
28,068

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$381/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$86,736/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
15 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
7

Estimated 7 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
11

Estimated 11 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,000/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
69% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Bundoora's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $381/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,000/month. The median household income of $86,736/year reflects a solid demographic, supporting sustainable rental demand.

Investment Strategy

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Buy & Hold

Bundoora's established location and strong demographics make it well-suited to a long-term buy-and-hold strategy.

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Rental Yield

Rental yields in Bundoora are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Bundoora's established market and growing population make it a viable location for value-add renovations.

Risk Factors

Run the numbers on a Bundoora property

Full Property Analysis

30-year projections for Bundoora

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Moderate

Bundoora enters 2026 with positive growth momentum, supported by strong local demographics and sustained demand. Rental demand remains robust, with low vacancy rates and growing tenant pools keeping yields competitive. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Bundoora a good suburb for investment?

Bundoora is a middle ring area in Victoria with a population of 28,068. The median rent is $381/week and the median household income is $86,736/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Bundoora?

Key demand drivers in Bundoora include established amenities and transport access. 69% of dwellings are separate houses. The area has approximately 7 schools and 11 parks nearby.

What is the population of Bundoora?

According to the ABS 2021 Census, Bundoora has a population of approximately 28,068. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Bundoora from the Melbourne CBD?

Bundoora is approximately 15 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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