Bundoora, located in the Banyule area of Victoria, Australia, is known for its diverse and vibrant housing market. This suburb features a mix of residential properties ranging from modern apartments to spacious family homes, which attracts a variety of buyers and renters alike. Bundoora's appeal as a residential suburb is further enhanced by its strategic location, approximately 16 kilometers from Melbourne's Central Business District, making it a convenient option for commuters. The median house prices have shown a steady increase over recent years, reflecting a robust market driven by demand for properties in areas offering both urban benefits and suburban tranquility. The presence of reputable educational institutions, such as La Trobe University and RMIT Bundoora campus, adds to the suburb's attractiveness, often drawing interest from students and academic professionals which fuels rental demand.
Living in Bundoora offers residents a balanced lifestyle, with access to a variety of recreational and lifestyle amenities. The suburb boasts several parks and nature reserves, such as Bundoora Park and the Mt Cooper Lookout, providing ample opportunities for outdoor activities and family gatherings. Locally, you’ll find a diverse range of eating options, shopping centers, and health services, ensuring day-to-day conveniences are easily met without the need to travel far. Bundoora is also well-serviced by public transport, with trams, buses, and nearby train stations facilitating easy connectivity to the greater Melbourne area. The community atmosphere is highlighted by numerous local events and a multicultural demographic that enriches the suburb’s social fabric, making Bundoora not just a place to live, but a vibrant community to be part of.
| Median Weekly Rent | $403.75 |
| Median Monthly Mortgage | $1941.53 |
| Median Persons Per bed houseroom | 0.80 |
| Average Household Size | 2.77 |
| Average Age | 40.31 |
| Average Income | $721.04 |
| Average Cars Per Dwelling | 1.87 |
| Average Properties Within 50M | 36 |
| Typical 1 bed house | $627,000 |
| Typical 2 bed house | $679,000 |
| Typical 3 bed house | $1,158,000 |
| Typical 4 bed house | $1,472,000 |
| Typical 5 bed house | $1,727,000 |
| Typical 6 bed+ house | $1,661,000 |
Housing Stock
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Thinking about buying in Bundoora? Now could not be a better time, with 14510 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,047,000 with prices in this suburb ranging from $209,000 to $11,102,000. The aproximate distance to the coast is 12 Km.
In Bundoora there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Bundoora due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Bundoora changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Bundoora necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Bundoora the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationNorris Bank Primary School
Bundoora Primary School
Concord School
Bundoora Secondary College
Parade College
St Damian's School
Northside Christian College
Watsonia North Primary School
Loyola College
St John XXIII Primary School
(While the above schools are located with the suburb of Bundoora there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.5 | 22.1 | 34.4 | 38 | 90.4 | 4.4 | 24.7 |
| Feb | 3.5 | 22.1 | 34.4 | 38.3 | 90.8 | 4.2 | 23.3 |
| Mar | 2.9 | 21.0 | 32.5 | 41.8 | 91.1 | 4.1 | 20.4 |
| Apr | 0.9 | 17.0 | 29.9 | 36.7 | 88.0 | 3.6 | 19.2 |
| May | 0.5 | 13.0 | 26.4 | 35.2 | 83.0 | 3.5 | 15.4 |
| Jun | 0.9 | 10.5 | 23.5 | 39.5 | 86.2 | 3.6 | 14.2 |
| Jul | 1.1 | 9.9 | 23.7 | 36.9 | 84.5 | 3.5 | 15.1 |
| Aug | 0.4 | 10.4 | 26.5 | 25.8 | 78.4 | 3.5 | 18.4 |
| Sept | 0.3 | 13.0 | 29.8 | 21.8 | 76.6 | 3.7 | 22.4 |
| Oct | 1.5 | 16.7 | 31.8 | 27.9 | 86.3 | 4.2 | 25.3 |
| Nov | 1.4 | 19.8 | 34.6 | 26.0 | 83.2 | 4.3 | 27.0 |
| Dec | 2.2 | 21.5 | 35.3 | 29.0 | 85.7 | 4.4 | 27.4 |
source: Australian Government Bureau of Meteorology
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