Bundoora (3083) sits approximately 15 kilometres north-east of Melbourne's CBD, spanning parts of the Cities of Banyule, Darebin, and Whittlesea. Its SEIFA IRSAD score of 1010 places it marginally above the national mean of 1000, landing in decile 7 of 10 nationally and at the 62nd percentile within Victoria. That reading puts Bundoora in the advantaged band, reflecting a suburb that carries above-average socioeconomic conditions without reaching the upper tier of Melbourne's most affluent postcodes. For investors, this is a useful baseline: the suburb is not carrying the structural headwinds of a disadvantaged area, but it is also not priced as a prestige market.
ABS 2021 IRSAD release. Score 1010 (national mean = 1000).
A SEIFA IRSAD score of 1010 feeds directly into three of PropertyRanker's twelve scoring criteria: economic_strength, hazard_risk, and entry_point_risk. On economic_strength, a decile 7 reading signals a workforce and household income profile that sits comfortably above the national median, which supports rental demand stability over time. On hazard_risk, higher SEIFA areas tend to correlate with better-maintained infrastructure and lower exposure to chronic socioeconomic stress, though SEIFA cannot substitute for a flood overlay or bushfire zone check. On entry_point_risk, a score near the national mean suggests the suburb is neither deeply discounted nor carrying a significant premium relative to its fundamentals, though current pricing must be tested against recent comparable sales before drawing any conclusion.
Bundoora's structural profile adds important context. The suburb hosts the flagship campuses of La Trobe University and RMIT, generating a persistent and diverse rental demand base that includes students, academic staff, and health workers connected to nearby medical facilities. The University Hill precinct adds a commercial employment node. Tram route 86 terminates in Bundoora, providing direct CBD access without a transfer. These demand-side factors are relevant to yield sustainability but sit outside what SEIFA measures.
For strategy matching, Bundoora's gross yield profile for houses has historically tracked below the 5 percent anchor used in PropertyRanker's Balanced strategy, sitting closer to the Capital Growth band of around 3.5 percent. Units and apartments within the postcode may offer a different yield profile and warrant separate assessment. Investors targeting High Yield or Regional strategy thresholds are unlikely to find houses here meeting those anchors at current price levels. A SEIFA reading alone cannot confirm or deny any of this; it is one of twelve signals in the model.
Bundoora (VIC 3083) recorded a median house sale price of approximately $900,000-$907,500 over the 12 months to mid-2026, representing annual growth of roughly 4.2-4.6% according to CoreLogic data via yourinvestmentpropertymag.com.au and propertyvalue.com.au. Sales volume for houses rose strongly, with woodards.com.au reporting 424 house sales, up 17.5% year-on-year, while vendor discounting sits at -4.7% per propertyvalue.com.au. Days on market for houses have lengthened to around 43 days per woodards.com.au, suggesting some softening in buyer urgency despite continued price growth.
Days on market for houses have lengthened by 16.2% year-on-year per woodards.com.au, while vacancy and vendor discount signals are broadly stable, producing a mixed or steady overall reading.
Sources: Bundoora VIC 3083 Suburb Profile & Property Report (2026-09-05); Bundoora House Prices & Property Trends (2026-09-01); Bundoora VIC Property Market & House Prices (2026-09-01); Real Estate Appraisal Bundoora VIC 3083 (2024-07-01); Bundoora VIC 3083 Property Market and House Prices 2026 (2026-08-27) · Refreshed 17 Sep 2026
PropertyRanker scores any Australian property against 12 criteria across three pillars: Growth, Cashflow, and Risk. SEIFA is a primary signal for economic strength and a supporting one for entry-price risk. It also informs the crime side of hazard risk, though physical overlays like flood, bushfire and coastal exposure, and recorded crime data where available, take priority there. The decile of 7 shown above gives a listing in Bundoora a stronger starting line on economic strength than the national median postcode, and a softer one on entry-price risk, since more advantaged postcodes usually carry higher entry prices.
On top of that, PropertyRanker chooses one of four strategies (Balanced, Growth, Yield, Regional) and applies a per-strategy yield anchor. The anchors are 3.5% for Growth, 5% for Balanced, 6% for Yield, and 7% for Regional. A postcode at this level of relative advantage tends to suit the Growth (3.5% anchor) and Balanced (5% anchor) strategies more readily than Yield (6%) or Regional (7%), because a higher entry price compresses the gross yield a listing can reach without a specific value-add.
Read the scoring guide for the full criteria list and how the verdict thresholds work.
SEIFA is a postcode-level read. The fastest sanity check on any single decile reading is to compare it against the suburbs that surround it.
The SEIFA reading establishes a positive macro frame for Bundoora, but it cannot see what matters most at the listing level. Before acting, investors should verify the following. First, check current SQM vacancy data for 3083; the large student population creates seasonal vacancy patterns that a postcode-level SEIFA score does not capture. Second, if the listing is a unit or apartment, obtain the owners corporation records and confirm levy levels, sinking fund balance, and any outstanding special levies. Third, confirm flood and planning overlay status through the relevant council portal, noting that Bundoora spans three LGAs and overlay conditions can differ across the suburb boundary. Fourth, price the listing against recent comparable sales rather than relying on suburb medians, which can mask significant variation between the northern and southern ends of this large suburb. Run the specific listing through PropertyRanker to receive a verdict that accounts for all twelve scoring criteria, including the signals that a postcode-level SEIFA reading cannot reach.
Bundoora's SEIFA IRSAD score of 1010 places it marginally above the national mean and in the advantaged band, which signals above-average household and workforce conditions without the premium pricing of Melbourne's top-tier postcodes. PropertyRanker reads this as a constructive baseline for economic_strength and entry_point_risk, two of its twelve scoring criteria. That does not make any individual listing viable; it means the suburb is not carrying the structural headwinds of a disadvantaged area, and each property still needs to be scored against current comparable sales and rental data.
The analysis indicates that gross yields for houses in Bundoora have historically tracked closer to PropertyRanker's Capital Growth anchor of around 3.5 percent than to the Balanced anchor of around 5 percent. That tendency makes Bundoora houses more relevant to investors whose strategy tolerates lower yield in exchange for demand-side stability, supported here by the La Trobe University and RMIT campuses plus tram route 86's direct CBD connection. High Yield and Regional strategy thresholds are unlikely to be met by houses at current price levels; units and apartments within the postcode may produce a different yield profile and should be assessed separately.
Bundoora spans parts of three councils (Banyule, Darebin, and Whittlesea), so planning controls and overlay rules can differ by street; confirming the specific council and applicable overlays via VicPlan is a necessary first step. SEIFA's decile 7 reading informs PropertyRanker's hazard_risk criterion in a positive direction, but SEIFA is not a substitute for a flood overlay or bushfire zone check, both of which must be verified at the individual property address. Investors should also account for the postcode's student-heavy rental demand, which can introduce vacancy seasonality tied to university intake cycles.
SEIFA feeds into three of PropertyRanker's twelve scoring criteria for any Bundoora listing: economic_strength, where a decile 7 reading reflects a workforce and income profile comfortably above the national median; hazard_risk, where higher SEIFA areas tend to correlate with better-maintained infrastructure and lower chronic socioeconomic stress; and entry_point_risk, where a score near the national mean suggests the suburb sits close to its fundamental value rather than at a deep discount or a significant premium. The remaining nine criteria draw on different data signals, and the composite score is what determines how a specific listing ranks, not the SEIFA reading alone.
Tram route 86 terminates at Bundoora RMIT on McKimmies Road and runs directly to the CBD via Collingwood, Fitzroy, and Bourke Street without requiring a transfer, which is a confirmed transport amenity for the suburb. This factor sits outside what SEIFA measures and does not feed directly into PropertyRanker's SEIFA-derived criteria, but it is relevant to the demand-side context that investors should consider alongside the university campuses when assessing yield sustainability. To understand how transport access is weighted in a specific listing's composite score, run that listing through the PropertyRanker tool for the live signal breakdown.
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