Bundoora is emerging as a growth corridor in Melbourne’s north, driven by RMIT University expansion, Plenty River precinct development, and improving transport infrastructure. In 2026, Bundoora offers a compelling opportunity for growth-focused investors seeking capital appreciation with moderate entry prices.

Market Overview

Median House Price: $1,245,000 (up 7.1% YoY)
Median Unit Price: $485,000 (up 4.5% YoY)
Rental Yield (Houses): 4.2%
Rental Yield (Units): 5.1%
Population: 19,203 (ABS 2021)
RMIT Students: 5,500+ on campus
Median Age: 33 years
Walk Score: 78 (Very Walkable)

Investment Score: 7.8/10

Bundoora scores highest in our review for balanced growth (7.1%) + yields (5.1%) + development upside. Ideal for SMSF investors, growth portfolios, and landlords seeking long-term appreciation with student rental demand.

Why Invest in Bundoora?

Growth Corridor: +7.1% YoY appreciation driven by RMIT expansion, Plenty River urban design plan (620-hectare mixed-use precinct), and northern suburbs infrastructure investment.

Student Rental Demand: 5,500+ RMIT students on campus create 40–50% of rental demand. Units at $485k with 5.1% yields ($25.2k/year) target student housing with 12-month leases.

Affordable Entry: Houses at $1.245M and units at $485k offer 20–30% discounts vs. inner-north equivalents (Preston $1.23M, Coburg $1.21M). Entry strategy: buy low-cost unit, refinance after appreciation, upgrade.

Infrastructure Investment: Plenty River precinct will include parks, shops, offices, residential towers over next 5–7 years. Long-term appreciation catalyst.

Rental Market Analysis

Median Weekly Rent (Houses): $565/week
Median Weekly Rent (Units): $480/week (student-heavy)
Tenant Profile: 50% RMIT students, 30% young professionals, 20% families
Average Lease Term: 8–10 months (student turnover)
Vacancy Rate: 2.5% (higher turnover, but strong demand)

Student demand is year-round (semester turnover Jan/July). Budget for 7–14 day vacancy, but units rent quickly.

5-Year Investment Projection

Scenario 1 (Base Case): 5.5% annual growth
Buy: $485k unit | Rent: $480/week = 5.1% yield
5-year price: $632k | Total income: $124,800 | Total return: 38.8%

Scenario 2 (Bull Case — Precinct Catalyst): 7.5% annual growth
5-year price: $694k | Total income: $124,800 | Total return: 50.3%

Next Steps

Ready to explore Bundoora investment opportunities? Whether you’re buying your first investment property, building a portfolio, or exploring SMSF property investment, the Collings Property Platform gives you access to off-market opportunities, portfolio tracking, investment tools, and property insights powered by GeeVee AI. Join free today and start building your property future at collings.com.au/portal