Shepparton
Greater Shepparton, VIC 3630
Key Statistics
Shepparton is northern Victoria's largest city and Australia's food bowl, with a population of 71,500+ across the Greater Shepparton LGA. Located 2 hours from Melbourne with V/Line rail, the city is anchored by agriculture, food processing, healthcare, and education creating diversified, recession-resistant employment that drives consistent rental demand.
Property Market
Co-Living Yield Comparison
Shepparton's median gross rental yield is 5.62% — a NextGen co-living property in the same area targets 10%+ gross yield through purpose-built, multi-tenancy design.
What is co-living?
Tenant Demand
Only 0.3% of dwellings in Shepparton are units or apartments
Virtually no co-living-style accommodation exists — a significant supply gap for investors.
Target Tenants
- Young professionals and workers aged 20–40 employed in food processing, agriculture, and healthcare
- Work locally within the Shepparton region across seasonal and permanent roles
- Employed in food manufacturing (SPC, Unilever), healthcare, education, and retail
- Seeking affordable, well-located accommodation near employment centres
Nearby Suburb Tenant Catchment (within ~10 km)
| Suburb | Population | Renters % | Renter Count | Singles % | Employment | Median Age |
|---|---|---|---|---|---|---|
| Kialla | 8,667 | 11.8% | 1,023 | 16.9% | 96.9% | 38 |
| Mooroopna | 8,312 | 30.7% | 2,552 | 34.6% | 94.2% | 43 |
| Tatura | 4,955 | 20.7% | 1,026 | 29.4% | 96.4% | 44 |
| Total Tenant Pool | 4,601 | |||||
Over 4,500 renters live across the key surrounding suburbs of Shepparton, with the broader LGA housing nearly 19,000 renters. With only 0.3% of dwellings classified as units or apartments, there is no co-living-style accommodation in the market, a significant supply gap for investors.
Local Amenities
Transport
Shepparton Station
V/Line to Melbourne Southern Cross, 2h 30m direct services
Major Employers
SPC / Unilever
Major food processing employers in the Goulburn Valley
Goulburn Valley Health
Region's largest employer — primary health services provider
Education
La Trobe University
Shepparton campus — nursing, education, and allied health
GOTAFE
Goulburn Ovens Institute of TAFE — vocational training
Health
Shepparton Hospital
Goulburn Valley Health — primary regional hospital
Shopping
Riverside Plaza
Major regional shopping centre in central Shepparton
Tourism & Recreation
Victoria Park Lake
Recreational parklands and walking trails in central Shepparton
Why Invest?
Northern Victoria's largest city
Population of 71,500+ with diversified employment across agriculture, food processing (SPC, Unilever), healthcare, and education— creating recession-resistant rental demand. Unit prices at $395,000 offer an accessible entry point.
Exceptional rental yields
Median unit price of $395,000 with $420/week rent delivers a 5.62% gross yield- one of the strongest in regional Victoria. Unit growth of +10.49% outpaces houses at +4.98%. A NextGen co-living property targets 10%+ through multi-tenancy design.
Tight rental conditions
Vacancy rate of 1.6% remains well below the 3% healthy benchmark, supporting quick tenant occupancy and minimal void periods.
Strong recent growth
Average annual growth of +9.67% with nearby suburbs like Mooroopna (+18.12%) and Tatura (+16.28%) showing strong momentum.
Co-living supply gap
Only 0.3% of dwellings are units or apartments. This is the lowest of all our profiled regions. No co-living accommodation exists in the market.
Healthcare & infrastructure investment
Goulburn Valley Health is the region's largest employer. The $229M Shepparton Art Museum and ongoing CBD revitalisation are driving economic growth.
Learn more about Co-Living investment properties
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