Get a property report and suburb profile for any property in Bundoora

Bundoora is an established northern Melbourne suburb centred on large parklands and university campuses. La Trobe University and RMIT's Bundoora campus give the area a visible student presence, while Bundoora Park, with its homestead, farm and golf course, provides a green focus for weekend recreation. Streets are generally tree-lined and dominated by solid postwar brick homes on generous blocks, with pockets of newer townhouse infill and rental housing close to the campuses. Plenty Road, a tram terminus near the university and regular buses make public transport straightforward, and local shops, sports clubs and schools support both campus life and family households.

Demographically Bundoora is a suburb of families, with couple families with children the largest family group at 46.2%. Most homes are owner-occupied — about 71.4% are owned outright or with a mortgage, while renters make up 28.6% of dwellings — and the median age is 38. Ongoing campus and precinct works, recent hospital and sports facility projects, and upgrades to local reserves mean there is active investment in services around the university precinct.

Buying a house in Bundoora is stretched against local incomes: at about $867,500 a house works out to roughly 10.0 times a typical local household's annual income at the last Census, which sits well above local incomes. Units at $427,000 are about 4.9 times that annual income, which is somewhat above local incomes.

On the rental side, a house rent of $600 a week would take about 36.0% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $495 a week is about 29.7% of that income, a moderate share. If you are renting rather than buying, those rent shares are the figures that matter most.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past year in Bundoora, median house and unit values both rose 4.8%, a modest increase. Rents for houses and units each climbed 5.3% over the same period, a solid rise.

Rents therefore edged ahead of values, so rental income was the stronger performer this year while capital growth was more modest. Whether that balance suits your investment goals depends on what you are after and your circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.