Ivanhoe
A $1.77m median house price and IRSAD decile 10 place Ivanhoe in Melbourne's premium inner north-east, with household income in the 84.5th percentile nationally. The suburb has 13,374 residents at 2,414 people per sq km, denser than many middle-ring family areas but less apartment-heavy than nearby Heidelberg. University attainment is 61.0%, 30.9 percentage points above the national level, which helps explain the strong professional income base and resilient buyer demand.
Population
13,374
Median Age
40.0
Household IncomeiMedian weekly household income (ABS Census)
$2,232/wk
DAs (12 months)iDevelopment Applications lodged in the past year
24
Median House
$1.8M
Apr-Jun 2024
Homebuyers are paying a high entry price, with houses at a $1,770,000 median in Apr-Jun 2024, but that sits 7.9% below the 2022 peak of $1,922,500. Separate houses still make up 52.9% of stock, higher than the 24.6% apartment share, so family buyers have more detached options than in denser inner suburbs. Mortgage costs absorb 24.7% of income, below common stress levels, because household income is high at $2,232 a week.
For Buyers
Homebuyers are paying a high entry price, with houses at a $1,770,000 median in Apr-Jun 2024, but that sits 7.9% below the 2022 peak of $1,922,500. Separate houses still make up 52.9% of stock, higher than the 24.6% apartment share, so family buyers have more detached options than in denser inner suburbs. Mortgage costs absorb 24.7% of income, below common stress levels, because household income is high at $2,232 a week.
For Investors
Investor demand is mixed rather than simple. Renting accounts for 33.3% of households and the median rent is $430 a week, but the 11.2% vacancy rate is higher than a tight rental market, so leasing risk needs a margin of safety. There were 17 development applications in 12 months, below a major construction wave, which limits sudden new supply. Overseas migration averages +205 people a year, compared with -58 internal migration, supporting tenant depth over time.
Development Activity
Total DAs
40
Last 12 Months
24
YoY ChangeiYear-over-year change in DA lodgements
+700.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Ivanhoe iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Ivanhoe Girls' Grammar School
Prep-12 · 850 students
Ivanhoe Grammar School
Prep-12 · 2500 students
Ivanhoe Primary School
Prep-6 · 557 students
St Bernadette's School
Prep-6 · 191 students
Mary Immaculate School
Prep-6 · 102 students
Demographics
Ivanhoe's median age is 40, in line with the national benchmark, but its education profile is far higher: 61.0% hold a university qualification, 30.9 percentage points above the national level. Overseas-born residents are 27.9%, 6.3 points above nationally, with Mandarin 316 speakers, Greek 184 and Italian 168. English ancestry leads at 3,960 people, while Italian ancestry at 1,505 reflects older north-east Melbourne settlement patterns shared with nearby Heidelberg and Eaglemont.
Age Distribution
Bedrooms
Dwelling Structure
52.9%
Houses
22.2%
Townhouse
24.6%
Apartment
Tenure
Housing is expensive but not overheated relative to its own recent cycle. The median house price rose 62.4% from $1,090,000 in 2013 to $1,770,000 in Apr-Jun 2024, a 3.5% annual compound growth rate over 14 years. It remains below the 2022 peak by 7.9%, giving buyers more leverage than during the last upswing. Ownership is stable, with 35.9% owned outright, 30.7% mortgaged and 33.3% renting, while 36.1% of dwellings have 3 bedrooms.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,383
Rent / wk
$430
HH Size
2.4
Personal Income / wk
$1,084
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
11.2%
Unoccupied
669
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
19.3%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
24.7%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
27.8%
Couples, no children
10,357
Total families
Economy & Employment
Ivanhoe's labour market is strongly white-collar, with Professionals at 2,972 workers and Managers at 1,274, both well above a typical suburban mix. Healthcare employs 18.9%, Professional/Tech 16.1%, Education 13.1%, Finance 7.2% and Public Admin 6.5%. Unemployment is low at 3.8% and full-time work is 64.5% of employed residents. SEIFA reinforces the pattern: IEO decile 10, IRSAD decile 10 and IRSD decile 9, while IER decile 8 is lower because access to economic resources is strong but slightly less exceptional than education and advantage.
Unemployment
2.1%
Labour Force
8,170
Unemployed
175
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
64.5%
Part-time
31.7%
Participation
63.3%
Employed
6,915
Occupations
Top Industries
University
61.0%
Postgraduate
19.7%
Born Overseas
27.9%
Dwellings
5,299
Transport to Work
Livability is anchored by high-ICSEA schools and established amenity. There are 5 local schools, with ICSEA scores from 1,147 to 1,181; Ivanhoe Girls' Grammar at 1,181, Ivanhoe Grammar at 1,169 and Ivanhoe Primary at 1,157 set a higher academic baseline than many suburbs. Travel is still car-led, with 78.1% driving compared with 7.5% using public transport and 9.7% walking or cycling. Crime is 74.9 per 1,000 residents, and IRSAD decile 10 ranks among the most advantaged nationally.
Drive
78.1%
Public Transport
7.5%
Walk / Cycle
9.7%
Work from Home
N/A
Population Forecast
+0.86%/yr
(+114 people/yr)
EstablishedGrowth is steady rather than explosive. The trend forecast adds 0.86% a year, or about 114 people annually, taking the medium population path from 13,295 in 2026 to 13,867 in 2031. Migration is the main driver because overseas inflow averages +205 a year, compared with -58 internal migration. The suburb has an aging trajectory, with seniors up 5.6 points and young residents down 2.5 points, while gentrification is only at a score of 25 and an Early signs stage.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+205
Net Internal / yr
-58
Gentrification Signal
Early signs
Population +14% since 2011, Strong overseas inflow +205/yr, COVID recovered (-2% dip → full recovery)
Safety & Crime
Total Offences
1,002
Year ending June 2024
Rate per 1,000 People
74.9
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Ivanhoe compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Ivanhoe a good suburb to live in?
Yes, Ivanhoe rates strongly for affluent households, with IRSAD decile 10, household income in the 84.5th percentile nationally and 5 local schools. The trade-off is price, with a $1.77m median house price above many north-east Melbourne alternatives.
What is the median house price in Ivanhoe?
The median house price in Ivanhoe is $1,770,000 for Apr-Jun 2024. That is 7.9% below the 2022 peak of $1,922,500 but still 62.4% higher than the 2013 level of $1,090,000.
What schools are in Ivanhoe?
Ivanhoe has 5 local schools across Independent, Government and Catholic sectors. ICSEA scores range from 1,147 to 1,181, with Ivanhoe Girls' Grammar, Ivanhoe Grammar and Ivanhoe Primary sitting at the higher end.
Is Ivanhoe safe?
Ivanhoe recorded 1,002 offences, equal to 74.9 per 1,000 residents. Property and deception offences made up the largest category at 729 incidents, so safety is best assessed street by street rather than from the headline rate alone.
Is Ivanhoe good for property investment?
Ivanhoe can suit long-term investors, with 33.3% of households renting and overseas migration averaging +205 people a year. However, the 11.2% vacancy rate is higher than a tight market, so yield and leasing assumptions should be conservative.
How is Ivanhoe's population changing?
Ivanhoe is forecast to grow at 0.86% a year, or about 114 people annually. The medium path reaches 13,867 residents by 2031, with overseas migration the main driver compared with negative internal migration of -58 a year.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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