Deakin
Statistical Area - sa2

Population growth drivers in Deakin are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Deakin's population is around 3,197 as of Aug 2025. This reflects an increase of 73 people since the 2021 Census, which reported a population of 3,124 people. The change is inferred from the estimated resident population of 3,166 from the ABS as of June 2024 and an additional 24 validated new addresses since the Census date. This level of population equates to a density ratio of 895 persons per square kilometer. Population growth for the area was primarily driven by overseas migration that contributed approximately 97.2% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, and for years post-2032, age group growth rates from the ACT Government's SA2 area projections, with 2022 as a base, are adopted. Moving forward with demographic trends, an above median population growth of national areas is projected, with the area expected to grow by 644 persons to 2041 based on the latest population numbers, reflecting an increase of 19.2% in total over the 17 years.

Residential development activity is lower than average in Deakin according to AreaSearch's national comparison of local real estate markets

Deakin has averaged approximately 14 new dwelling approvals per year over the past five financial years, totalling 70 homes. As of FY26, 4 approvals have been recorded. The average number of new residents arriving per new home in Deakin has been around 1.6 per year between FY21 and FY25, indicating balanced supply and demand conditions. However, this figure has decreased to 0.9 people per dwelling over the past two financial years, suggesting more balanced supply conditions. New properties are constructed at an average expected construction cost value of $465,000, reflecting a focus on the premium segment with upmarket properties.

In FY26, commercial approvals totalling $39.6 million have been registered, indicating robust local business investment. Compared to the Australian Capital Territory, Deakin shows roughly half the construction activity per person and places among the 66th percentile of areas assessed nationally. New development in Deakin consists of approximately 70% detached houses and 30% attached dwellings, offering a range of housing types across different price ranges.

With around 215 people per dwelling approval, Deakin is characterised as a low density area. Population forecasts indicate that Deakin will gain approximately 613 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Deakin has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Ten projects have been identified by AreaSearch as potentially impacting the area's performance. Among these key projects are Draft Inner South District Strategy, The Embassy Residences, Deakin District Playing Fields Upgrade, and Deakin Private Hospital.

Professional plan users can use the search below to filter and access additional projects.

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Employment conditions in Deakin demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Deakin has a highly educated workforce with strong representation in professional services. Its unemployment rate was 1.9% as of June 2025.

This rate is below the Australian Capital Territory's (ACT) rate of 3.4%. Employment growth over the past year was estimated at 1.5%. As of June 2025, 1,666 residents were in work and workforce participation stood at 60.7%, compared to ACT's 69.6%. Dominant employment sectors include public administration & safety, professional & technical, and health care & social assistance.

The area has a high specialization in professional & technical services, with an employment share of 1.7 times the regional level. However, public administration & safety employs only 27.2% of local workers, below ACT's 30.4%. With a ratio of 2.0 workers per resident, Deakin functions as an employment hub attracting workers from surrounding areas. In the year to June 2025, employment levels increased by 1.5% and labour force grew by 1.6%, keeping unemployment broadly flat. By comparison, ACT recorded employment growth of 1.9%, labour force growth of 1.6%, with a decrease in unemployment by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 suggest that Deakin's employment could grow approximately by 7.2% over five years and 14.5% over ten years, based on industry-specific projections applied to the local employment mix.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

AreaSearch's latest postcode level ATO data for financial year 2022 shows Deakin's median income among taxpayers is $82,931. The average income in the area is $126,757. Nationally, this places Deakin in the top percentile for both median and average incomes. In comparison, the Australian Capital Territory has a median income of $68,678 and an average income of $83,634. Based on Wage Price Index growth of 13.6% since financial year 2022, current estimates suggest Deakin's median income is approximately $94,210 and the average is around $143,996 as of September 2025. The 2021 Census reports that household, family, and personal incomes in Deakin rank highly nationally, between the 98th and 98th percentiles. Income analysis reveals that 40.7% of Deakin's population (1,301 individuals) fall within the $4000+ income range, unlike metropolitan trends where 34.3% fall within the $1,500 - 2,999 range. The area exhibits considerable affluence with 52.0% earning over $3,000 per week, supporting premium retail and service offerings. After housing costs, residents retain 88.6% of their income, indicating strong purchasing power. Deakin's SEIFA income ranking places it in the 10th decile.

Deakin displays a diverse mix of dwelling types, with above-average rates of outright home ownership

Deakin's dwelling structures, as per the latest Census, consisted of 68.0% houses and 32.0% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Australian Capital Territory's 40.7% houses and 59.3% other dwellings. Home ownership in Deakin stood at 46.1%, with mortgaged dwellings at 31.2% and rented ones at 22.8%. The median monthly mortgage repayment was $3,180, surpassing the Australian Capital Territory average of $2,275. Median weekly rent in Deakin was recorded at $560, compared to Australian Capital Territory's $500. Nationally, Deakin's mortgage repayments were significantly higher than the Australian average of $1,863, with rents substantially above the national figure of $375.

Deakin has a typical household mix, with a higher-than-average median household size

Family households comprise 68.3% of all households, including 32.0% couples with children, 28.1% couples without children, and 7.8% single parent families. Non-family households account for the remaining 31.7%, with lone person households at 28.4% and group households comprising 3.3%. The median household size is 2.4 people, larger than the Australian Capital Territory average of 2.2.

Deakin shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Deakin's educational attainment is notably higher than broader benchmarks. 62.2% of residents aged 15 and above hold university qualifications, compared to Australia's 30.4% and the SA4 region's 46.8%. Bachelor degrees are most prevalent at 33.9%, followed by postgraduate qualifications at 22.6% and graduate diplomas at 5.7%. Vocational pathways account for 15.6%, with advanced diplomas at 9.1% and certificates at 6.5%.

Educational participation is high, with 30.9% of residents currently enrolled in formal education. This includes 9.8% in primary, 9.7% in secondary, and 7.4% in tertiary education. Deakin's four schools have a combined enrollment of 2,114 students as of the latest data. The area has significant socio-educational advantages and academic achievement, with an ICSEA score of 1124. Educational provision is conventional, split between one primary and three secondary institutions. As an education hub, Deakin has 66.1 school places per 100 residents, significantly above the regional average of 31.2, attracting students from surrounding communities. Note: for schools showing 'n/a' in enrolments, please refer to the parent campus.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

The analysis of public transport in Deakin shows that there are currently 49 active transport stops operating within the area. These stops offer a mix of train and bus services. A total of 26 individual routes service these stops, collectively providing 758 weekly passenger trips.

The accessibility of transport is rated as good, with residents typically located an average of 208 meters from their nearest transport stop. On average, there are 108 trips per day across all routes, which equates to approximately 15 weekly trips per individual stop.

Deakin's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low across both younger and older age cohorts

Health data for Deakin shows low prevalence of common health conditions across both younger and older age groups. Private health cover is high at approximately 80% of the total population (2,563 people), compared to 78.0% in Australian Capital Territory and a national average of 55.3%. The most prevalent medical conditions are arthritis (8.7%) and asthma (6.7%).

A majority of residents (68.7%) report no medical ailments, similar to the Australian Capital Territory figure of 69.8%. Deakin has a higher proportion of seniors aged 65 and over at 25.7% (820 people), compared to 19.9% in Australian Capital Territory. Health outcomes among seniors are strong, performing better than the general population.

Deakin was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Deakin's population shows higher cultural diversity than most local areas, with 27.6% born overseas and 18.1% speaking a language other than English at home. Christianity is the dominant religion in Deakin, accounting for 47.6%. Notably, Judaism is overrepresented compared to the Australian Capital Territory, making up 0.3% of Deakin's population.

The top three ancestry groups are English (27.7%), Australian (21.8%), and Irish (9.4%). Some ethnic groups have notable differences in representation: Polish at 1.2% vs regional 1.0%, Russian at 0.7% vs regional 0.4%, and Croatian at 1.1% vs regional 0.9%.

Deakin hosts an older demographic, ranking in the top quartile nationwide

Deakin's median age is 46, surpassing both the Australian Capital Territory figure of 35 and the national average of 38. The 75-84 age group constitutes 10.2% of Deakin's population, higher than the ACT's percentage, while the 25-34 cohort makes up 6.5%. According to the 2021 Census, the 75-84 age group increased from 8.3% to 10.2%, and the 45-54 cohort rose from 14.3% to 15.3%. Conversely, the 25-34 group decreased from 8.2% to 6.5%, and the 65-74 group fell from 11.6% to 10.4%. By 2041, demographic projections indicate significant changes in Deakin's age profile. The 55-64 group is expected to grow by 33%, reaching 512 people from the current 383. Meanwhile, the 25-34 age range is predicted to decrease by 13%.