Shepparton
VICShepparton is a stable suburb in VIC with 32,067 residents.
- SAL code
- 22275
- SA2
- 216031416
- Population
- 32,067
Shepparton, VIC had 32,067 residents at the 2021 Census, with the broader statistical area showing a 1.1% growth over the last five years. The predominant age group is 25-34 years, and the median age sits at 38. Households are most often couples without children, and those with a mortgage repay a median of $1,249 a month. Around 58.2% of homes are owner-occupied, with the largest single tenure being rented at 37.4%. Most dwellings are separate houses, making up 86.0% of the suburb's housing stock. The suburb has 54 parks and reserves mapped within its boundary. Source: ABS Census 2021 and Estimated Resident Population, with amenity counts from state Open Data and OpenStreetMap.
Suburb analysis
Shepparton, VIC at a glance
Shepparton is the regional capital of the Goulburn Valley, ~180 km north of Melbourne and the largest centre in the Greater Shepparton LGA. The CBD is unusually walkable for a regional city — laid out as a tight grid of 2-3 blocks rather than the typical Australian highway strip — and the local economy mixes irrigated agriculture, food processing (SPC, Campbell's), health and a growing La Trobe campus. The data tiles below cover the demographic baseline; this card adds the live market, lifestyle and council pipeline.
For homebuyers
Shepparton suits people who want a full-service regional city without paying Melbourne prices. Housing is mostly detached on standard or larger lots, with a mix of post-war stock close to the CBD and newer estates fanning out toward the north and east. Victoria Park Lake anchors recreation; the Shepparton Art Museum (SAM) has lifted the cultural baseline and the Riverlinks Eastbank performing-arts venue runs a year-round program. Goulburn Valley Grammar is the standout independent school; public secondary options include Greater Shepparton Secondary College on its consolidated Wilmot Road campus, and La Trobe University's Shepparton campus has been redeveloped in the CBD. Day-to-day shopping centres on Maude Street Mall, Riverside Plaza and Shepparton Marketplace; you're ~2 hours by car or V/Line train to Melbourne via Seymour. In short: a self-contained regional city with cultural and education anchors, suited to buyers who want space, services, and a real CBD without metro pricing.
For investors
Shepparton is a yield-led regional market with a deep transaction base. Median house $494,700 against $500/week rent gives a 5.08% gross yield; units $390,000 / $420 rent → 5.61% (Your Investment Property May 2026). 12-month house growth +6.39%; units +2.63%. 725 house sales and 126 unit sales in the past 12 months — one of regional Victoria's deeper markets. Days-on-market 41 (houses) / 68 (units); vacancy ~1.1% (htag April 2026).
Strengths
- Strong yields by national standards (~5.08% houses, ~5.61% units, YIP May 2026) with steady single-digit capital growth.
- Deep, liquid market: ~851 combined sales in the past 12 months — easy to enter and exit at scale.
- Tight vacancy ~1.1% (htag April 2026) supports leasing velocity.
- Diversified regional economy (food processing, health, education, agriculture) cushions single-sector shocks.
Trade-offs
- Capital growth +6.39% YoY (YIP May 2026) trails Melbourne metro and high-growth coastal regional markets.
- Unit growth softer at +2.63% with 68 days-on-market — slower turnover than houses.
- Goulburn River flood exposure in low-lying pockets (2022 flood event) — overlay due diligence matters; the dossier flood tile carries the detail.
- Regional labour-market and tenant-quality variability — SEIFA and unemployment vary block-by-block across the LGA.
What's coming
Greater Shepparton's 2025/26 Budget funds a $66.4M Capital Works Program with >$41M in renewal/upgrade work. Headline items include the new Princess Park Multi-Use Pavilion, the Numurkah Road / Hawkins Street intersection upgrade tied to the Shepparton North Activity Centre Structure Plan, drainage and library renewals, and a $500K contribution to the Shepparton Italian Social Club rebuild. GV Health is also receiving new PET-scanner funding.
Bottom line
For homebuyers: a full-service regional city with cultural and education anchors at a fraction of Melbourne pricing. For investors: a yield-and-liquidity play with steady — not spectacular — growth and a deep transaction base.
Population
?32,067
Suburb · Census 2021
5-Year Growth
+1.1%
3yr: +1.2% · 10yr: +8.0%
SA2 · 5yr
Household Income
$1,285/wk
Suburb · Census 2021 median
Median Age
38
Suburb · Census 2021
Socio-Economic Index
?3/10
SA2 · more disadvantaged
Unemployment
?3.1%
SA2 · Q4 2025
Schools
12
8 primary, 5 secondary
Hospitals
?1
Within suburb
Childcare services
?29
15 long day, 12 OSHC
Parks & green space
?54
Parks, reserves
Transport stops
?246
GTFS stops
Dwelling approvals
No data for this suburb
Median Weekly Rent
Based on rental bond lodgements recorded by the state government.
Median House Sale Price
Source: Valuer-General Victoria (suburb-level quarterly medians).
→ Calculate stamp duty on this suburb's median price→ Estimate mortgage repayments→ Calculate rental yield (price + median rent)
Safety & Crime
2025 Q4Reported incidents from VIC police. Offence rates may not reflect all crime.
Population over time — Shepparton - North (SA2)
ABS publishes annual estimates only at SA2; Shepparton suburb alone is ~32,067 (Census 2021).
Source: ABS ERP (latest release · 2025) · Census 2021. Numbers refreshed quarterly.
Growth at a Glance
Population grew from 16,027 to 20,312 over 24 years, averaging 1.0% per year.
Schools
12 in suburbSector
7 public · 5 private
Type
7 primary · 3 secondary · 1 K-12 · 1 special
Total enrolment
6,791
Avg per school
566
Government school catchment
Catchment data is not yet available for VIC.
Source when available: Victorian Department of Education / Vicmap School Zones.
Profile
Census snapshot
Housing
Public housing 5.1%Almost entirely detached houses (86%), mixed tenure (58.2% own or mortgage), built for families (52% are 3 bed).
Dwelling mix
Tenure
VIC 29%
Number of bedrooms
Bushfire risk
Source: VIC DTP Designated Bushfire Prone Area
As of Apr 2026
Overlap is the percentage of the suburb's land area inside the mapped bushfire polygons. Always verify the exact property address with the relevant authority before making decisions.
Flood risk
Source: VIC DTP Vicmap Planning Overlay (flood codes)
As of Apr 2026
Overlap is the percentage of the suburb's land area inside the mapped flood polygons. Always verify the exact property address with the relevant authority before making decisions.
Planning zones
24 zones in suburb| Code | Zone | % covered | Area |
|---|---|---|---|
| GRZ1 | General Residential Zone Schedule 1Residential | 20.9% | 8.98 km² |
| UFZ | Urban Floodway ZoneWaterway | 20.9% | 8.96 km² |
| UGZ2 | UGZ2Other | 8.7% | 3.74 km² |
| IN1Z | Industrial 1 ZoneIndustrial | 8.2% | 3.54 km² |
| NRZ1 | Neighbourhood Residential Zone Schedule 1Residential | 6.8% | 2.91 km² |
| PCRZ | Public Conservation and Resource ZoneEnvironmental | 5.6% | 2.40 km² |
| FZ1 | Farming Zone Schedule 1Rural | 4.9% | 2.09 km² |
| PUZ1 | Public Use Zone Schedule 1Special use | 4.6% | 1.96 km² |
| ACZ1 | Activity Centre Zone Schedule 1Business | 4.3% | 1.83 km² |
| PUZ2 | Public Use Zone Schedule 2Special use | 3.4% | 1.45 km² |
| RGZ1 | Residential Growth Zone Schedule 1Residential | 2.6% | 1.10 km² |
| UGZ1 | UGZ1Other | 1.7% | 0.73 km² |
| TRZ2 | TRZ2Special use | 1.7% | 0.71 km² |
| PPRZ | Public Park and Recreation ZoneRecreation | 1.3% | 0.57 km² |
| TRZ3 | TRZ3Special use | 1.2% | 0.51 km² |
| C2Z | Commercial 2 ZoneBusiness | 0.8% | 0.35 km² |
| TRZ1 | TRZ1Special use | 0.7% | 0.30 km² |
| LDRZ | Low Density Residential ZoneResidential | 0.4% | 0.18 km² |
| C1Z | Commercial 1 ZoneBusiness | 0.3% | 0.13 km² |
| PUZ3 | Public Use Zone Schedule 3Special use | 0.3% | 0.12 km² |
| SUZ1 | Special Use Zone Schedule 1Special use | 0.3% | 0.11 km² |
| PUZ6 | Public Use Zone Schedule 6Special use | 0.2% | 0.09 km² |
| IN3Z | Industrial 3 ZoneIndustrial | 0.2% | 0.08 km² |
| PUZ5 | Public Use Zone Schedule 5Special use | 0.2% | 0.08 km² |
Source: VIC DTP Vicmap Planning Zones (ZONE_VIC/2026-04-29/08783d2926383881) · As of Apr 2026. Zone boundaries are amended periodically; verify the exact property with the relevant council before relying on permitted use.