Franklin

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

Franklin's population was around 7,446 as of November 2025. This reflected a decrease of 38 people from the 2021 Census figure of 7,484, indicating a 0.5% decline since then. The change was inferred from the estimated resident population of 7,457 in June 2024 and address validation since the Census date. This resulted in a population density ratio of 3,237 persons per square kilometer, placing Franklin in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, Franklin exhibited resilient growth patterns with a compound annual growth rate of 2.9%, outperforming the SA4 region. Overseas migration primarily drove population growth, contributing approximately 66.2% of overall population gains during recent periods.

AreaSearch adopted 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 were used, also based on 2022. According to these projections, Franklin's population is expected to decline by 938 persons by 2041. However, specific age cohorts are anticipated to grow, notably the 55 to 64 age group, projected to increase by 97 people over this period.

The level of residential development activity in Franklin is very low in comparison to the average area assessed nationally by AreaSearch

Franklin has had minimal new development in the past five years, with only one approval during this period. This suggests a mature suburb where land for new construction is scarce. For buyers, this limited supply of new housing typically supports property values and may result in competition primarily among existing homes.

Compared to the Australian Capital Territory, Franklin shows significantly reduced construction activity. This limited new supply generally supports stronger demand and values for established homes, although construction activity has recently intensified. Nationally, development is also higher than in Franklin, indicating a mature market with possible constraints on development.

With population expected to remain stable or decline, Franklin may experience reduced pressure on housing, potentially creating opportunities for buyers.

Franklin has limited levels of nearby infrastructure activity, ranking in the 15thth percentile nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 34 projects likely impacting the area. Notable ones are Franklin Early Childhood School Expansion, Franklin Aged Care Facility, Franklin Community Centre, and Franklin Storm Water Management. The following list details those most relevant.

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

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The labour market strength in Franklin positions it well ahead of most Australian regions

Franklin has an educated workforce with key sectors well represented. Its unemployment rate was 2.0% in the past year, with an estimated growth of 1.3%.

As of September 2025, 4939 residents were employed at a 1.6% lower unemployment rate than the Australian Capital Territory's (ACT) 3.6%. Workforce participation was higher at 79.4%, compared to ACT's 69.6%. Key industries included public administration & safety, professional & technical services, and health care & social assistance. Employment in accommodation & food was notably high, at 1.6 times the regional average.

However, public administration & safety employed only 26.7% of local workers, below ACT's 30.4%. Over the year to September 2025, employment increased by 1.3%, labour force by 1.0%, reducing unemployment by 0.3 percentage points. In comparison, ACT saw employment growth of 1.4%, labour force expansion of 1.2%, and a 0.2 percentage point drop in unemployment. As of 25-November, ACT's employment grew by 1.19% year-on-year, with an unemployment rate of 4.5%. National forecasts from May-25 suggest total employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Franklin's industry mix indicates local employment could increase by 6.4% in five years and 13.1% in ten years, though these are simplified extrapolations for illustrative purposes only.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

The Franklin SA2 had a high national income level according to AreaSearch aggregated ATO data for financial year 2022. The median income among taxpayers was $62,766 and the average income stood at $72,683. This compares to figures for Australian Capital Territory's of $68,678 and $83,634 respectively. Based on Wage Price Index growth of 13.6% since financial year 2022, current estimates would be approximately $71,302 (median) and $82,568 (average) as of September 2025. According to the 2021 Census figures, household, family and personal incomes all rank highly in Franklin, between the 86th and 87th percentiles nationally. The earnings profile shows that the $1,500 - 2,999 bracket dominates with 42.4% of residents (3,157 people). Higher earners represent a substantial presence with 35.4% exceeding $3,000 weekly. High housing costs consume 16.8% of income, though strong earnings still place disposable income at the 84th percentile and the area's SEIFA income ranking places it in the 9th decile.

Franklin displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

Franklin's dwelling structures, as per the latest Census, consisted of 49.9% houses and 50.1% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Australian Capital Territory had 66.3% houses and 33.7% other dwellings. Home ownership in Franklin was at 10.5%, with mortgaged dwellings at 42.5% and rented ones at 47.0%. The median monthly mortgage repayment was $1,885, below the Australian Capital Territory average of $2,123. The median weekly rent figure was $460, compared to Australian Capital Territory's $462. Nationally, Franklin's mortgage repayments were higher at $1,885 than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Franklin features high concentrations of group households, with a lower-than-average median household size

Family households comprise 72.3% of all households, including 37.9% couples with children, 25.3% couples without children, and 7.4% single parent families. Non-family households account for the remaining 27.7%, with lone person households at 20.8% and group households comprising 6.9%. The median household size is 2.8 people, which is smaller than the Australian Capital Territory average of 2.9.

Franklin demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Franklin has a higher proportion of residents with university qualifications than Australia and its SA3 area. Specifically, 55.2% of Franklin's residents aged 15 and above have university qualifications, compared to 30.4% nationally and 46.3% in the SA3 area. This educational advantage is reflected in the types of qualifications held: Bachelor degrees are most common at 28.6%, followed by postgraduate qualifications (22.6%) and graduate diplomas (4.0%). Vocational pathways also contribute significantly to educational attainment, with advanced diplomas accounting for 10.8% and certificates for 10.3%.

Educational participation is high in Franklin, with 35.4% of residents currently enrolled in formal education. This includes 10.3% in primary education, 10.2% in tertiary education, and 6.3% pursuing secondary education.

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

Franklin has 15 active public transport stops, offering a mix of lightrail and bus services. These stops are served by three routes, collectively facilitating 972 weekly passenger trips. Transport accessibility is rated good, with residents typically residing 219 meters from the nearest stop.

Service frequency averages 138 trips per day across all routes, resulting in approximately 64 weekly trips per individual stop.

Franklin's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Health outcomes data shows excellent results across Franklin with a very low prevalence of common health conditions across all age groups. The rate of private health cover is very high at approximately 56% of the total population, which totals around 4,169 people.

This compares to 58.6% across the Australian Capital Territory. Mental health issues and asthma are the most common medical conditions in the area, impacting 6.8 and 5.8% of residents respectively, while 81.9% declare themselves completely clear of medical ailments compared to 76.4% across the Australian Capital Territory. The area has 5.7% of residents aged 65 and over, which totals around 421 people, lower than the 8.3% in the Australian Capital Territory. Health outcomes among seniors are particularly strong but require more attention than those of the broader population.

Franklin is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Franklin's population is diverse, with 55.2% speaking a language other than English at home and 51.3% born overseas. Christianity is the main religion, comprising 27.5%. Hinduism is notably higher than average, at 14.5%, compared to the Australian Capital Territory's 9.5%.

In ancestry, 'Other' is highest at 22.4%, followed by Australian (16.0%) and English (14.4%). Korean (2.2%), Indian (7.8%), and Sri Lankan (1.0%) groups are overrepresented in Franklin compared to regional averages of 1.2%, 6.4%, and 0.6% respectively.

Franklin hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Franklin's median age is 31, which is lower than the Australian Capital Territory figure of 35 and significantly below the national median of 38. Compared to Australian Capital Territory, Franklin has a higher proportion of residents aged 25-34 (25.2%) but fewer residents aged 75-84 (1.4%). This concentration of 25-34 year-olds is well above the national figure of 14.5%. Between 2021 and present, Franklin's median age has increased by 1 year from 30 to 31, reflecting population aging. Key changes include the growth of the 45 to 54 age group from 11.6% to 13.4%, and the increase of the 65 to 74 cohort from 3.0% to 4.2%. Conversely, the 35 to 44 cohort has decreased from 19.9% to 18.0%, and the 5 to 14 age group has dropped from 13.0% to 11.9%. By 2041, population forecasts indicate significant demographic shifts in Franklin. The 55 to 64 cohort is projected to grow by 18%, adding 82 residents to reach 549. Residents aged 65 and above will drive 60% of population growth, highlighting ongoing demographic aging trends. Conversely, population declines are projected for the 45 to 54 and 0 to 4 age cohorts.