Deakin

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

As of November 2025, the estimated population for the Deakin statistical area (Lv2) is around 3,180. This figure represents an increase of 56 people since the 2021 Census, which reported a population of 3,124. The current resident population estimate of 3,166 by AreaSearch, based on the latest ERP data release by the ABS in June 2024 and additional validated new addresses, indicates this growth. This results in a population density ratio of approximately 890 persons per square kilometer, in line with averages seen across locations assessed by AreaSearch. Overseas migration contributed around 97.0% of overall population gains during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered and years post-2032, age group growth rates from the ACT Government's SA2 area projections, also based on 2022, are used. Future population trends project an above median growth for Australian statistical areas like Deakin (SA2). By 2041, the area is expected to expand by 644 persons, reflecting a gain of approximately 19.8% over the 17-year period.

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

Between FY21 and FY25, Deakin averaged around 14 new dwelling approvals per year, with approximately 70 homes approved in total. In FY26 alone, 6 dwellings have been approved so far. This has resulted in an estimated 0.9 people per dwelling over the past two financial years, reflecting improved supply availability. The average construction cost of new homes is around $465,000, indicating that developers are targeting the premium market segment with higher-end properties.

In FY26, commercial approvals totaled $39.6 million, suggesting robust local business investment. Compared to the Australian Capital Territory, Deakin has roughly half the rate of new dwelling approvals per person and ranks among the 66th percentile nationally when measured against other areas assessed. New building activity shows a mix of detached dwellings (69.0%) and attached dwellings (31.0%), providing an expanding range of medium-density options across various price brackets.

Deakin's population growth is projected to add around 630 residents by 2041, potentially outpacing housing supply at current development rates, which could heighten buyer competition and support price increases.

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

Area infrastructure changes significantly influence local performance. Ten projects identified by AreaSearch may impact the area. Notable projects are Draft Inner South District Strategy, The Embassy Residences, Deakin District Playing Fields Upgrade, and Deakin Private Hospital. Relevant projects are listed below.

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

Employment growth over the past year was estimated at 1.1%. The area's unemployment rate is below the Australian Capital Territory's (ACT) rate of 3.6%, but workforce participation lags significantly, at 60.7% compared to ACT's 69.6%. Leading employment industries among residents 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.

Conversely, public administration & safety shows lower representation at 27.2% versus the regional average of 30.4%. As of the Census, there are 2.1 workers for every resident, indicating that Deakin functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Over the 12 months to September 2025, employment increased by 1.1% while labour force increased by 1.0%, keeping the unemployment rate relatively stable. By comparison, ACT recorded employment growth of 1.4%, labour force growth of 1.2%, with unemployment falling 0.2 percentage points. State-level data to 25-Nov shows ACT employment grew by 1.19% year-on-year (adding 710 jobs), with the state unemployment rate at 4.5%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that while national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Deakin's employment mix suggests 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

As per AreaSearch's latest postcode level ATO data released on June 30, 2023, the suburb of Deakin had a median income among taxpayers of $82,931 and an average of $126,757. This places Deakin in the top percentile nationally, compared to the Australian Capital Territory's median of $72,206 and average of $85,981. Based on Wage Price Index growth of 9.26% since June 30, 2023, estimates for September 2025 would be approximately $90,610 (median) and $138,495 (average). Census data shows that household, family, and personal incomes in Deakin rank highly nationally, between the 97th and 98th percentiles. Income distribution reveals that 40.7% of individuals earn over $4,000 per week, contrasting with the surrounding region where the $1,500 - $2,999 category predominates at 34.3%. Deakin's affluence is evident 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, 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

Dwelling structure in Deakin, as evaluated at the 2016 Census, comprised 68.0% houses and 32.0% other dwellings. In comparison, Australian Capital Territory had 40.7% houses and 59.3% other dwellings. Home ownership in Deakin was 46.1%, with mortgaged dwellings at 31.2% and rented dwellings at 22.8%. The median monthly mortgage repayment in Deakin was $3,180, higher than the Australian Capital Territory average of $2,275. Median weekly rent in Deakin was $560, compared to $500 in Australian Capital Territory. Nationally, Deakin's mortgage repayments were significantly higher than the Australian average of $1,863, while 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%, consisting of 28.4% lone person households and 3.3% group households. 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 benchmarks significantly. Among residents aged 15+, 62.2% hold university qualifications, compared to Australia's 30.4% and the SA4 region's 46.8%. This educational advantage positions Deakin strongly for knowledge-based opportunities. Bachelor degrees are the most common at 33.9%, followed by postgraduate qualifications (22.6%) and graduate diplomas (5.7%).

Vocational pathways account for 15.6% of qualifications among those aged 15+, with advanced diplomas at 9.1% and certificates at 6.5%. 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 high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Deakin has 48 active public transport stops offering a mix of train and bus services. These stops are served by 144 individual routes that collectively facilitate 11,205 weekly passenger trips. Transport accessibility is rated as good with residents typically located 208 meters from the nearest stop.

Service frequency averages 1,600 trips per day across all routes, resulting in approximately 233 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 Deakin residents have relatively positive health outcomes. The prevalence of common health conditions is quite low across both younger and older age cohorts.

Approximately 77% of the total population (2,456 people) has private health cover, which is exceptionally high compared to the national average of 55.7%. The most prevalent medical conditions are arthritis and asthma, affecting 8.7 and 6.7% of residents respectively. A total of 68.7% of residents declare they are completely clear of 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% (814 people) compared to the Australian Capital Territory's 19.9%. Health outcomes among seniors in Deakin are particularly strong, performing even 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 was found to be more culturally diverse than most local markets, with 27.6% born overseas and 18.1% speaking a language other than English at home. Christianity was the predominant religion in Deakin, comprising 47.6% of its population. Notably, Judaism was overrepresented in Deakin at 0.3%, compared to 0.6% across Australian Capital Territory.

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

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 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%, lower than the territory average. According to the 2021 Census, the 75-84 age group has increased from 8.3% to 10.2%. Conversely, 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%. Demographic projections indicate that Deakin's age profile will change significantly by 2041, with the 55-64 group expected to grow by 34%, reaching 512 people from 381. Meanwhile, the number of individuals in the 25-34 age range is projected to decrease by 11%.