fbpx

Suburb by suburb snapshot – Junortoun

April 10, 2022 BY

Big 4 in Junortoun

Junortoun is approximately 27.8 square kilometres with recorded at 2378 people in 2011 and by 2016 Census it had increased to 3190, showing growth of 34.1 per cent in the area during that time.

Junortoun is a rural residential locality on the McIvor Highway, about eight kilometres east of Bendigo.

The suburb was originally named Homebush, after the Homebush Hotel, which was nearly opposite the site of the Farmers Arms Hotel, and after the Homebush Estate, a large holding owned by the Lazarus family.

The wife of Samuel Lazarus was Mary Junor, and her surname may have inspired the place name.

This four-bedroom Junortoun home built in 2008 sold recently for $760,000.

Junortoun has become very popular with young families, first home buyers are flocking to this area which boasts a very high owner occupier rate of 96 per cent, one of the highest in the state.

Homebush Primary School was opened in 1875, and it continued until 1958 apart from two short closures during the 1930s and 1940s.

In 1954 the Bendigo District Trotting Club opened its trotting track, known as Lord’s Raceway, at Junortoun, and about 20 years later rural residential subdivisions began in the area.

Although there was no local State school, a Catholic secondary college was established in the 1950s.

Junortoun has a general store, a post office, a hotel, the Homebush Hall, various trades and businesses along the McIvor Highway and a caravan park.

In 2009 the Farmers Arm Hotel which was built in 1896 was destroyed by fire.

CoreLogic data indicates that the predominant age group in Junortoun is 10-19 years with households being primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgages

In general, people in Junortoun work in a professional occupation.

In 2011, 89.4 per cent of the homes in Junortoun were owner-occupied compared with 89.6 per cent in 2016.

 

TITBIT:

In 1954 the Bendigo District Trotting Club opened its trotting track, known as Lord’s Raceway, at Junortoun.

 

Population: 3201

Male: 50.5%

Female: 49.5

Median age: 41

5-year population change: 34.1%

House median value: $940,000

Change in Median Price: (5yrs) is 59.5%

Median asking rent per week: $485

Average length of ownership: 5 years

Owner occupiers: 96%

Renters: 4%

 

House median sale price:

December 2021: $710,000

December 2020: $670,000

December 2019: $530,000

December 2018: $530,000

December 2017: $512,500

 

House sales per annum:

Period ending December 2021: 45

Period ending December 2020: 34

 

Land median sale price:

December 2021: $251,500

December 2020: $192,000

 

Land sales per annum:

Period ending December 2021: 13

Period ending December 2020: 23