Deakin

Population growth drivers in Deakin are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Deakin's population is approximately 3,199 as of November 2025. This figure represents an increase of 75 people from the 2021 Census total of 3,124. The growth is inferred from the estimated resident population of 3,166 in June 2024 and the addition of 25 validated new addresses since the Census date. This results in a population density ratio of 896 persons per square kilometer, comparable to averages seen across locations assessed by AreaSearch. The primary driver for this growth was overseas migration, contributing approximately 97.2% of overall population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, age group growth rates from the ACT Government's SA2 area projections are adopted, also based on 2022. Future population trends indicate an above median growth for Australian statistical areas, with Deakin projected to grow by 644 persons to 2041, reflecting a total gain of 19.1% over the 17-year period.

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 annually over the past five financial years, totalling 70 homes. As of FY26, there have been 5 approvals recorded. Historically, an average of 1.6 new residents per year per dwelling constructed was observed between FY21 and FY25, indicating balanced supply and demand with stable market conditions. More recently, this has eased to 0.9 people per dwelling over the past two financial years, reflecting improved supply availability. New homes are being built at an average expected construction cost of $400,000, suggesting developers target the premium market segment.

This financial year has seen $39.6 million in commercial approvals, indicating high local commercial activity. Compared to the Australian Capital Territory, Deakin has roughly half the rate of new dwelling approvals per person and ranks among the 65th percentile nationally when assessed areas are considered. New development comprises 70% detached houses and 30% medium to high-density housing, with a growing mix of townhouses and apartments offering options across various price points.

Deakin's population density is approximately 215 people per dwelling approval, indicating a low-density market. According to AreaSearch quarterly estimates, Deakin is projected to gain 611 residents by 2041. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and supporting price growth.

Deakin has limited levels of nearby infrastructure activity, ranking in the 18thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified ten projects that could affect this region. Notable ones 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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AreaSearch analysis reveals Deakin significantly outperforming the majority of regions assessed nationwide

Deakin's workforce is highly educated with strong professional services representation. Unemployment rate was 1.9% in the past year, with an estimated employment growth of 1.1%.

As of September 2025, 1,644 residents were employed at a 1.7% unemployment rate, below Australian Capital Territory's (ACT) rate of 3.6%. Workforce participation was 60.7%, compared to ACT's 69.6%. Employment is concentrated in public administration & safety, professional & technical, and health care & social assistance. The area specializes in professional & technical jobs at 1.7 times the regional level but has lower representation in public administration & safety at 27.2% versus the regional average of 30.4%.

There are 2.0 workers per resident, indicating it functions as an employment hub attracting workers from surrounding areas. In the 12 months prior, employment increased by 1.1%, labour force grew by 1.0%, and unemployment remained essentially unchanged, contrasting with ACT's 1.4% employment growth and 0.2% unemployment rate decrease. State-level data to 25-Nov shows ACT employment grew by 1.19% year-on-year, with an unemployment rate of 4.5%. National forecasts suggest total employment will expand by 6.6% over five years and 13.7% over ten years, but growth rates vary significantly between sectors. Applying these projections to Deakin's employment mix indicates local employment should increase by 7.2% over five years and 14.5% over ten years.

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

The median income among taxpayers in Deakin SA2 was $82,931 according to ATO data aggregated by AreaSearch for financial year 2022. The average income stood at $126,757 in the same period. These figures compare with those of the Australian Capital Territory's median and average incomes of $68,678 and $83,634 respectively. Based on a Wage Price Index growth rate of 13.6% since financial year 2022, estimated current incomes as of September 2025 would be approximately $94,210 (median) and $143,996 (average). Census data indicates that household, family, and personal incomes in Deakin all rank highly nationally, between the 97th and 98th percentiles. Income distribution shows that 40.7% of the population falls within the $4000+ income range, differing from regional patterns where the $1,500 - 2,999 range dominates with 34.3%. A substantial proportion of high earners (52.0%) in Deakin have incomes above $3,000 per week, indicating strong economic capacity throughout the area. After housing costs, residents retain 88.6% of their income, reflecting strong purchasing power. The area'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

As of the latest Census evaluation in Deakin, 68.0% of dwellings were houses while 32.0% were other types such as semi-detached homes, apartments, and 'other' dwellings. In contrast, the Australian Capital Territory had 40.7% houses and 59.3% other dwellings. Home ownership in Deakin was at 46.1%, with mortgaged dwellings at 31.2% and rented ones at 22.8%. The median monthly mortgage repayment in Deakin was $3,180, higher than the Australian Capital Territory average of $2,275. The median weekly rent figure in Deakin was $560, compared to the Australian Capital Territory's $500. Nationally, Deakin's median monthly mortgage repayments were significantly higher at $3,180 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.

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

Family households account for 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 constitute 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, which is 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 exceeds broader averages: 62.2% of residents aged 15+ have university qualifications, compared to Australia's 30.4% and the SA4 region's 46.8%. Bachelor degrees are most common at 33.9%, followed by postgraduate qualifications (22.6%) and graduate diplomas (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: 9.8% in primary, 9.7% in secondary, and 7.4% in tertiary education.

Educational participation is notably high, with 30.9% of residents currently enrolled in formal education. This includes 9.8% in primary education, 9.7% in secondary education, and 7.4% pursuing tertiary education.

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

The analysis found that there are currently 49 active public transport stops operating within Deakin. These stops offer a mix of train and bus services. There are 26 individual routes servicing these stops, providing a total of 758 weekly passenger trips.

The accessibility of public transport in the area is rated as good, with residents typically located approximately 208 meters from their nearest transport stop. On average, there are 108 trips per day across all routes, which equates to about 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 shows positive outcomes for Deakin residents. Common health condition prevalence is low across both younger and older age groups. Private health cover rate is high at approximately 80% of the total population (2,565 people), compared to 78.0% in Australian Capital Territory and a national average of 55.3%.

The most common medical conditions are arthritis and asthma, affecting 8.7 and 6.7% of residents respectively. 68.7% of residents declare they are completely clear of medical ailments, compared to 69.8% in Australian Capital Territory. 25.7% of residents are aged 65 and over (821 people), higher than the 19.9% in Australian Capital Territory. Health outcomes among seniors are strong, performing better than the general population in health metrics.

The level of cultural diversity witnessed in Deakin was found to be above average when compared nationally for a number of language and cultural background related metrics

Deakin's population showed high cultural diversity, with 27.6% born overseas and 18.1% speaking a language other than English at home. Christianity was the predominant religion in Deakin, making up 47.6%. Judaism, however, was overrepresented at 0.3%, compared to the Australian Capital Territory's 0.6%.

The top three ancestry groups were English (27.7%), Australian (21.8%), and Irish (9.4%). Notably, Polish (1.2%) and Russian (0.7%) groups were overrepresented in Deakin versus regional averages of 1% and 0.4%, respectively, while Croatian was also slightly higher at 1.1%.

Deakin hosts a notably older demographic compared to the national average

Deakin's median age is 46, surpassing the Australian Capital Territory figure of 35 and significantly exceeding the national average of 38. The 75-84 age group comprises 10.2% of Deakin's population, higher than the Australian Capital Territory figure, while the 25-34 cohort makes up 6.5%. Post-2021 Census, the 75 to 84 age group grew from 8.3% to 10.2%, and the 45 to 54 cohort increased from 14.3% to 15.3%. Conversely, the 25 to 34 cohort declined from 8.2% to 6.5%, and the 65 to 74 group fell from 11.6% to 10.4%. By 2041, demographic projections indicate significant changes in Deakin's age profile. The 55 to 64 group is expected to grow by 33%, reaching 512 people from the current 384. Meanwhile, numbers in the 25 to 34 age range are projected to decrease by 13%.