VIC, 3083 - Banyule

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.

Household Makeup

Median Weekly Rent $403.75
Median Monthly Mortgage $1941.53
Median Persons Per Bedroom 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

Housing Stock

Average Property Prices

1 Bed  $627,000
2 Bed  $679,000
3 Bed  $1,158,000
4 Bed  $1,472,000
5 Bed  $1,727,000
6 Bed+$1,661,000

Bundoora Real Estate Market Outlook

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.

Local Schools

Norris 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)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Bundoora weather - Average Local Climate by month

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(MJ/sq m)

source: Australian Government Bureau of Meteorology

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Watsonia NorthWatsoniaMacleodKingsburyMill ParkYallambieGreensboroughHeidelberg WestRosannaThomastown

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