LGA · VIC · NORTHERN MELBOURNE OUTER / REGIONAL VIC

Mitchell Shire

Victoria's fastest-growing shire on the Hume corridor north of Melbourne. Southern boundary 30km north of Melbourne CBD, roughly 55km to the shire centre.

Northern Melbourne Outer / Regional VIC Hotspotting refresh: 24 Jul 2026 55km from CBD

Report period: August to November 2026. Hotspotting Location Report, valid to 30 November 2026. A new report is due in December 2026.

Investment thesis

What this LGA is for

Outer-northern Melbourne LGA. The southern boundary sits 30km north of the CBD and the shire stretches 90km further north along the Hume corridor (about 55km from the CBD to the shire centre). Five main towns: Wallan (15,000 residents, most populous), Beveridge, Broadford, Kilmore and Seymour. Gross Regional Product $3.29 billion (FY2025). Construction is the largest output sector at 25.8% of total. Unemployment 5.8% (March 2026 quarter). Described as Victoria's fastest-growing municipality, linked to proximity to Melbourne's northern jobs market and Melbourne Airport. Population projected at 49,688 (2021), 100,528 (2031) and 176,261 (2041); dwellings projected to rise from 21,800 to 89,800 by 2051 (+300%). Hotspotting's Autumn 2026 Price Predictor Index lists Mitchell Shire among Australia's ten leading LGAs, and Beveridge among its Top 50 Supercharged Suburbs. The FY2027 council budget is $227 million. Key employment sectors: manufacturing, retail, government administration and Defence (Puckapunyal). V/Line regional rail connects Wallan, Kilmore East, Broadford, Tallarook and Seymour to Southern Cross in about 1 hour.

Key numbers

Snapshot of the Mitchell Shire economy and demographics. Building approvals peaked at 1,326 in FY2023 and were worth $365.7M in FY2025.

Gross Regional Product (FY2025)

$3.29B

Of LGA output from construction

25.8%

Unemployment (Mar 2026)

5.8%

FY2027 Council Budget

$227M

House sales (12mths to Jul 2026)

1,343

Population 2021 (Census)

49,460

Projected population 2041

176,261

Building approvals FY2025 (ABS)

968

Population Jun 2025 (ABS)

58,459

Infrastructure pipeline

The committed and in-flight infrastructure spend reshaping the LGA.

$1.62B

Beveridge Intermodal Freight Terminal

Under construction. Early works began December 2025 and main construction in the shire began July 2026. Stage 1 (Inland Rail south network access, rail marshalling and terminal) is due mid-2028 and would be Melbourne's only terminal able to service double-stacked Inland Rail trains. Stage 2 adds a co-located industrial warehouse precinct. About 500ha. 8,000 jobs in the precinct, 17,000 supported at peak, and 167,000 truck trips a year shifted to rail. Sits beside the Inland Rail freight corridor.

Major

Hume Freeway + Northern Highway

Direct CBD spine. ~1 hour to Melbourne CBD and Tullamarine Airport via either route.

Major

V/Line regional rail

Stations at Wallan, Kilmore East, Broadford, Tallarook, Seymour. Southern Cross terminal reach in ~1 hour.

Major

Tullamarine Airport proximity

Mitchell Shire stretches directly north of the airport jobs market. Major catchment for airport employees and adjacent industries.

$227M

FY2027 Council Budget

$16.95M allocated to roads and bridges and $11.63M to buildings.

Major

Kilmore + Seymour district hospitals

Kilmore and District Hospital (acute care, aged care, maternity, surgery theatres). Seymour District Memorial (30-bed public and private acute care, 40-bed high-care residential aged care).

Major

Regional centre adjacencies

Bendigo, Shepparton and Echuca are all within reach, with regional rail connections to Melbourne, Shepparton and Bendigo. Mitchell is the connector between Greater Melbourne and the Northern VIC regional grid.

$130M

Watson Street and Hume Freeway interchange, Wallan

State Government. Under construction. South-facing ramps on and off the Hume Freeway at Watson Street.

$900M

Camerons Lane Interchange, Beveridge

State Government. Business case complete, not yet funded for construction. Six-lane arterial with direct Hume Freeway access. 20,000 direct and indirect jobs cited.

$300M

Wallan/Kilmore bypass

State Government. Planning stage with no funds allocated. Kilmore Bypass Stage 1 planning scheme amendment approved September 2024, but no construction plans yet.

$45B

Inland Rail (Federal Government)

Under construction. Track being modified for the height and width needed to run double-stacked trains. Connects to the Beveridge freight hub.

$172.4M

Greenhill Recreation Precinct

Masterplan endorsed September 2024. Aquatic and indoor recreation facility, multi-use courts, ovals and passive open space.

Estates

Residential land estates

Lyra, Beveridge (Stockland, $555M, 1,400 lots, ongoing since 2022). Mandalay, Beveridge (Urbex, $500M, 2,000 lots plus golf course, under construction). Ooranya, Beveridge (Bevan Projects, 660 lots, under construction). Broadstead, Kilmore (Jinding, 550 lots, under construction). TW Projects, Broadford (about 400 lots planned on a 60ha parcel).

1,279ha

Beveridge North West Precinct Structure Plan

Approved by the State Government in August 2025. The draft plan includes seven school sites, four town centres, four community centres and four active sports reserves. About 15,000 dwellings are planned for Beveridge. Council also proposes rezoning land in Seymour and Beveridge.

525

Muyan Primary School

State Government. Opened Term 1, 2026, with capacity for 525 students.

$35M

Melbourne Victory Northern Campus, Beveridge

Proposed. Construction expected to start in 2026. Three full-sized pitches, four synthetic small-sided pitches and a headquarters building.

Approved

North Central Quarry (175 Northern Hwy)

Basalt quarry (Conundrum Holdings) approved by the Planning Minister in August 2025 after Council twice refused it, citing traffic, noise, dust and health impacts. Sits within the Beveridge North West precinct.

$1.5B

Seymour Wind Farm (FERA)

Proposed. 600MW, 80 to 100 turbines of 200m, located in the neighbouring Strathbogie Shire. Up to 700 construction jobs and 50 to 60 permanent roles.

Suburbs in scope

Suburbs we actively track within Mitchell Shire. House market data from PropTrack via the Hotspotting LGA report (12 months to July 2026). Vacancy and rent figures are PropTrack asking rents.

Suburb	Median (house)	Yield	1yr growth	Vacancy	Read
Beveridge	$650K	4.00%	0%	4.10%	Southern end of the shire. 328 sales/yr. Highest house price and highest house vacancy in the LGA. Asking rent $470/wk (-1%). 5yr avg growth 3%
Kilmore	$633K	4.10%	-2%	1.90%	Hospital. 238 sales/yr. Highest house asking rent in the LGA at $500/wk (+1%). 5yr avg growth 3%
Wallan	$615K	4.00%	-1%	2.30%	Most populous town (15K). Deepest market (399 sales/yr). V/Line station. Asking rent $470/wk (0%). 5yr avg growth 1%
Broadford	$610K	4.40%	+7%	0.90%	Council headquarters. Only house market with a 12-month price rise. Lowest vacancy in the LGA. 109 sales/yr. Asking rent $495/wk (+3%). 5yr avg growth 4%
Seymour	$455K	5.20%	-3%	1.30%	Northernmost main town. Lowest median and highest house yield in the LGA. Largest 12-month price decline (-3%). 168 sales/yr. Asking rent $450/wk (+3%). 5yr avg growth 4%

Cross-check, Kilmore (our own HtAG report). Typical price $641,000 (-1.2% over 12 months), rent $486 a week (+3.6%), gross yield 3.94%, 5-year growth 3.42% a year. The location report shows a house median of $633K (-2% 1yr) at a 4.10% yield. HtAG states a typical price and the location report a median sale price, so the two measures will not match. ABS: dwelling approvals were 968 in FY2024-25 and 976 in FY2025-26 (892 houses, 84 other), against the 1,326 peak in FY2022-23; 75.8% of dwellings were owned and 20.7% rented at the 2021 Census.

Unit market is small: 118 sales in the 12 months to July 2026 across the shire. Both unit markets recorded 12% median price growth.

Suburb	Median (unit)	Yield	1yr growth	Vacancy	Read
Kilmore	$460K	4.70%	+12%	3.00%	48 sales/yr. Asking rent $455/wk (+11%, largest rent rise in the LGA). 5yr avg growth 3%
Wallan	$475K	5.00%	+12%	2.40%	40 sales/yr. Asking rent $420/wk (+2%). 5yr avg growth 4%

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