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Suburb Insights ยท VIC 3815

Bunyip North 3815, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Bunyip North is a regional centre in Victoria, Australia, with a population of approximately 95, making it a boutique locality. Located approximately 72 km from the Melbourne CBD, Bunyip North is a regional area in Victoria. The median household income is $84,448 AUD per year (ABS 2021 Census).

Investment Score

37 / 100 Weak

Household incomes in Bunyip North sit in a comfortable mid-range for the Victoria market. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Bunyip North, Victoria, Australia.

Key Indicators

Postcode
3815

Official Australia Post postcode for Bunyip North. A postcode may cover multiple suburbs.

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Population
95

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

ABS Census Data โ†’
Median Rent (weekly)
$414/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
$84,448/yr

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

ABS Census Data โ†’
Distance to CBD
72 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
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,600/mo

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

ABS Census Data โ†’
Dwelling Type
85% 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

As a regional centre, Bunyip North serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $414/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,600/month. The median household income of $84,448/year reflects a solid demographic, supporting sustainable rental demand. 85% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Bunyip North could work well with careful property selection and a longer time horizon.

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Rental Yield

Bunyip North can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Renovation or flip strategies in Bunyip North face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Bunyip North property

Full Property Analysis

30-year projections for Bunyip North

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Bunyip North faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Bunyip North's 2026 outlook. Bunyip North is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Bunyip North a good suburb for investment?

Bunyip North is a regional area in Victoria with a population of 95. The median rent is $414/week and the median household income is $84,448/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 Bunyip North?

Key demand drivers in Bunyip North include regional employment hubs, lifestyle, and affordability. 85% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Bunyip North?

According to the ABS 2021 Census, Bunyip North has a population of approximately 95. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Bunyip North from the Melbourne CBD?

Bunyip North is approximately 72 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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