Part of Northern Suburbs Melbourne: This guide is part of our comprehensive Northern Suburbs Melbourne Property Investment Guide
Bundoora Property Investment Guide 2026: La Trobe University Yields
Bundoora is North Melbourne's university rental suburb - La Trobe University (20,000 students), affordable housing, medical precinct. At $750k houses with 8% growth and exceptional 4.5% yields, it's student-driven cashflow investment.
Quick Answer
Why invest in Bundoora?
Bundoora delivers university yields: $750k houses, La Trobe University (20,000 students), student accommodation demand. Houses yield 4.5%, growth 8%. Affordable North Melbourne, family market + students. Medical/hospital precinct employment. High-yield cashflow + moderate growth combination.
Bundoora Market Overview
Bundoora vs North Melbourne
| Location | House Median | Yield | Growth |
|---|---|---|---|
| Bundoora | $750,000 | 4.5% | 8.0% |
| Coburg | $850,000 | 4.2% | 7.5% |
| Preston | $800,000 | 4.5% | 8.0% |
| Reservoir | $700,000 | 4.8% | 8.5% |
Investment Strategy
Student Rental Play: Buy houses ($750k) near La Trobe campus. Student share houses, high yields 4.5%. Growth 8% moderate. Cashflow-focused 5-7 year hold.
University Employment: Academic staff, hospital workers (medical precinct nearby). Stable professional rental market alongside students. Diversified tenant base reducing student-only risk.
Risks
University Reliance: Enrollment impacts rental demand significantly.
Student Volatility: Semester breaks, graduation turnover.
Limited Amenities: Outer North Melbourne, fewer retail/dining.
Long Commute: 20km CBD, not inner-city convenient.
Frequently Asked Questions
Yes for university rental yield. Bundoora delivers $750k houses, La Trobe University (20,000 students), affordable North Melbourne. Growth 8%, yields 4.5%. Student accommodation demand, family market. High yields + moderate growth combination.
Houses: 4.3-4.7% ($750k renting $620-$700/week). Excellent North Melbourne yields. Strong tenant demand - La Trobe students, families. Vacancy under 1.5%, university driving rental market.
Major driver - 20,000 students on campus. Student share houses, accommodation demand. Young professional/academic staff market. University expansion planned. Education precinct creating stable high-yield rental market.
Bundoora: $750k, university focus, higher yields 4.5%. Coburg: $850k, Sydney Rd gentrification, lower yields 4.2%. Bundoora offers affordability, student rental. Coburg offers gentrification upside. Different investment profiles.
La Trobe University expansion. Affordability vs inner Melbourne ($750k vs $1.2M Brunswick). North Melbourne corridor growth spillover. Medical/hospital precinct employment. Family market seeking value + space.
University reliance - enrollment impacts rental demand. Limited amenities vs inner suburbs. Long commute 20km CBD. Student rental volatility - semester breaks. Moderate growth 8% vs growth corridors 10%+. Requires student market tolerance.