Deakin

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

Based on analysis of ABS population updates for the broader area, as of Nov 2025, the estimated population of the suburb of Deakin is around 3,199. This reflects an increase of 75 people since the 2021 Census, which reported a population of 3,124 people. The change is inferred from the resident population of 3,166, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024, and an additional 25 validated new addresses since the Census date. This level of population equates to a density ratio of 896 persons per square kilometer. Population growth for the suburb was primarily driven by overseas migration that contributed approximately 97.0% 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. An above median population growth of Australian statistical areas is projected for the suburb, with an expected expansion to 3,843 persons by 2041 based on aggregated SA2-level projections, reflecting a gain of 19.1% in total over the 17 years.

AreaSearch analysis of residential development drivers sees Deakin recording a relatively average level of approval activity when compared to local markets analysed countrywide

Based on AreaSearch analysis of ABS building approval numbers, Deakin averaged approximately 14 new dwelling approvals per year. Around 70 homes were approved between FY21 and FY25, with a further 5 approved in FY26 to date. This averages out to about 1.6 new residents per year per dwelling constructed over the past five financial years, indicating balanced supply and demand conditions. However, this has eased to around 0.9 people per dwelling over the past two financial years, suggesting better supply availability.

New homes are being built at an average expected construction cost of $465,000, targeting the premium market segment. This year alone, $39.6 million in commercial approvals have been registered, indicating strong local business investment. Compared to the Australian Capital Territory, Deakin has approximately half the rate of new dwelling approvals per person and ranks among the 66th percentile nationally for areas assessed.

Building activity shows a mix of detached dwellings at 69.0% and attached dwellings at 31.0%, offering medium-density options across various price brackets. Deakin reflects a low density area, with around 211 people per approval. Population forecasts indicate Deakin will gain approximately 611 residents by 2041, potentially leading to increased buyer competition and supporting price increases if current development rates do not keep pace with population growth.

Deakin has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified ten projects likely impacting the area. Notable ones are Draft Inner South District Strategy, The Embassy Residences, Deakin District Playing Fields Upgrade, and Deakin Private Hospital. The following details projects likely most relevant:.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis reveals Deakin significantly outperforming the majority of regions assessed nationwide

Deakin has a highly educated workforce with strong professional services representation. Its unemployment rate was 1.9% in the past year, with an estimated employment growth of 1.5%.

As of June 2025, 1,666 residents are employed, with an unemployment rate of 1.5%, below the Australian Capital Territory's rate of 3.4%. Workforce participation is lower at 60.7% compared to the ACT's 69.6%. Leading employment industries include public administration & safety, professional & technical services, and health care & social assistance. The area has a notable concentration in professional & technical services with employment levels at 1.7 times the regional average, while public administration & safety shows lower representation at 27.2% versus the regional average of 30.4%.

There are 2.1 workers for every resident, indicating Deakin functions as an employment hub attracting workers from surrounding areas. Between June 2024 and June 2025, employment increased by 1.5% while labour force increased by 1.6%, keeping the unemployment rate relatively stable at 1.9%. By comparison, the Australian Capital Territory recorded employment growth of 1.9%, labour force growth of 1.6%, with a decrease in unemployment by 0.3 percentage points to 3.1%. Jobs and Skills Australia's national employment forecasts from Sep-22 project national employment growth at 6.6% over five years and 13.7% over ten years, with industry-specific projections suggesting Deakin's 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

AreaSearch released postcode level ATO data for financial year 2022. Deakin's median income among taxpayers was $82,931 with an average of $126,757. Nationally, this places Deakin in the top percentile. The Australian Capital Territory had a median income of $68,678 and an average of $83,634. Based on Wage Price Index growth of 13.6% since financial year 2022, estimates for September 2025 would be approximately $94,210 (median) and $143,996 (average). Census data shows household, family, and personal incomes in Deakin rank highly, between the 97th and 98th percentiles nationally. Income distribution reveals that 40.7% of individuals earn over $4,000 weekly, contrasting with surrounding regions where earnings mostly fall within $1,500-$2,999. This affluence supports premium retail services in Deakin. After housing costs, residents retain 88.6% of income, indicating 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

The dwelling structure in Deakin, as per the latest Census, consisted of 68.0% houses and 32.0% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, 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 the area was $3,180, higher than the Australian Capital Territory average of $2,275. The median weekly rent figure was recorded at $560, compared to the Australian Capital Territory's $500. Nationally, Deakin's median monthly mortgage repayments were significantly higher at $3,180 compared to the Australian average of $1,863, while median weekly 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 make up 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 significantly exceeds broader benchmarks. Among residents aged 15+, 62.2% hold university qualifications, compared to 30.4% nationally and 46.8% in the SA4 region. This advantage positions Deakin well for knowledge-based opportunities. 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% of qualifications, 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 education, 9.7% in secondary education, and 7.4% pursuing tertiary education. Deakin's 4 schools have a combined enrollment of 2,114 students. The area demonstrates significant socio-educational advantages and academic achievement (ICSEA: 1124). Educational provision is conventional, split between 1 primary and 3 secondary institutions. Deakin functions as an education hub with 66.1 school places per 100 residents, significantly above the regional average of 31.1, attracting students from surrounding communities.

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

Deakin has 49 active public transport stops, serving a mix of train and bus routes. These stops are covered by 26 individual routes that facilitate 758 weekly passenger trips in total. Residents' accessibility to these stops is rated as good, with an average distance of 208 meters to the nearest stop.

The service frequency averages 108 trips per day across all routes, which translates 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 shows positive outcomes for Deakin residents with low prevalence of common health conditions across younger and older age cohorts. Private health cover rate is high at approximately 77% of the total population (2,471 people), compared to the 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 no medical ailments, slightly lower than the Australian Capital Territory's 69.8%. Deakin has a higher proportion of seniors aged 65 and over at 25.6% (818 people), compared to the Australian Capital Territory's 19.9%. Health outcomes among seniors in Deakin are particularly strong, performing better than the general population in health metrics.

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 was found to be more culturally diverse than most local markets, with 27.6% of residents born overseas and 18.1% speaking a language other than English at home. Christianity was the predominant religion in Deakin, making up 47.6% of its population. Notably, Judaism was overrepresented in Deakin compared to the Australian Capital Territory, comprising 0.3% versus 0.6%.

The top three ancestry groups were English (27.7%), Australian (21.8%), and Irish (9.4%). Some other ethnic groups showed notable differences: Polish was slightly overrepresented at 1.2%, Russian at 0.7%, and Croatian at 1.1% compared to regional averages of 1.0%, 0.4%, and 0.9% respectively.

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

Deakin's median age is 46, surpassing the Australian Capital Territory figure of 35 and significantly exceeding the national norm of 38. The 75-84 age group constitutes 10.2% of Deakin's population, higher than in the Australian Capital Territory, while the 25-34 cohort makes up 6.5%. According to the 2021 Census, the 75-84 age group has risen from 8.3% to 10.2%, the 25-34 cohort has decreased from 8.2% to 6.5%, and the 65-74 group has fallen from 11.6% to 10.4%. By 2041, demographic modeling predicts significant changes in Deakin's age profile. Notably, the 55-64 group is projected to grow by 33%, increasing from 383 to 512 people. Conversely, numbers in the 25-34 age range are expected to decrease by 12%.