Deepdene (Vic.)

Deepdene is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

As of November 2025, the population of the Deepdene (Vic.) statistical area (Lv2) is estimated to be around 2,112 people. This reflects an increase of 11 individuals since the 2021 Census, which reported a population of 2,101. The change is inferred from AreaSearch's resident population estimate of 2,100 following examination of the latest ERP data release by the ABS in June 2024 and an additional validated new address since the Census date. This level of population equates to a density ratio of 2,400 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, Deepdene has demonstrated resilient growth patterns with a compound annual growth rate of 0.4%, outpacing the SA3 area. Population growth for the area was primarily driven by overseas migration 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 areas not covered, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Moving forward with demographic trends, a population increase just below the median of Australian statistical areas is expected. Based on aggregated SA2-level projections, the Deepdene (Vic.) (SA2) is expected to increase by 216 persons to reach 2,328 by 2041, reflecting an increase of 14.7% in total over the 17 years.

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

AreaSearch analysis of ABS building approval numbers indicates Deepdene has averaged around 4 new homes approved per year. Between FY21 and FY25, approximately 24 homes were approved, with 1 additional approval in FY26 so far. Despite population decline, housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice.

New properties are constructed at an average value of $1,367,000, targeting the premium market segment. This year, $2.9 million in commercial approvals have been registered, reflecting Deepdene's primarily residential nature. Compared to Greater Melbourne, Deepdene has significantly lower building activity (60.0% below regional average per person), which generally supports stronger demand and values for established dwellings. This is also below national averages, suggesting the area's maturity and possible planning constraints. Recent construction comprises 33.0% detached houses and 67.0% medium and high-density housing, marking a shift from existing housing patterns (currently 67.0% houses). With around 4374 people per dwelling approval, Deepdene indicates a highly mature market. According to AreaSearch's latest quarterly estimate, Deepdene is projected to add 310 residents by 2041.

If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and underpinning price growth.

Deepdene has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified four projects likely impacting the area: Koonung Creek Reserve Restoration, Parring Collection, 1207-1209 Burke Road Townhomes, and Boston Balwyn. The following details those 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.

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

Deepdene has a highly educated workforce with strong representation in professional services. Its unemployment rate was 2.3% as of September 2025, with an estimated employment growth of 2.0% over the past year.

In comparison to Greater Melbourne's unemployment rate of 4.7%, Deepdene's rate is 2.4% lower. However, workforce participation in Deepdene lags significantly at 54.4%, compared to Greater Melbourne's 64.1%. Key industries of employment among residents are health care & social assistance, professional & technical, and education & training. The area has particular specialization in professional & technical services, with an employment share 1.5 times the regional level.

Conversely, construction employs only 4.7% of local workers, below Greater Melbourne's 9.7%. Many residents appear to commute elsewhere for work based on Census data. During the year to September 2025, employment levels increased by 2.0%, and labour force increased by 2.1%, resulting in a slight rise in unemployment by 0.1 percentage points. In contrast, Greater Melbourne saw employment grow by 3.0% and unemployment rise by 0.3 percentage points. State-level data to 25-Nov-25 shows Victoria's employment grew by 1.13% year-on-year, with an unemployment rate of 4.7%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Deepdene's employment mix suggests local employment should increase by 7.4% over five years and 14.9% over ten years, assuming constant population projections.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

AreaSearch's latest postcode level ATO data for financial year ended June 2023 shows that Deepdene suburb has top percentile national incomes. Median income is $56,176 and average income stands at $107,504. This compares to Greater Melbourne's median income of $57,688 and average income of $75,164. Based on Wage Price Index growth of 8.25% from financial year ended June 2023 to September 2025, estimated incomes are approximately $60,811 (median) and $116,373 (average). Deepdene's 2021 Census data ranks household, family, and personal incomes highly nationally, between 77th and 80th percentiles. Income distribution shows 27.9% of locals (589 people) earn over $4,000 weekly, contrasting with surrounding regions where the $1,500 - $2,999 category predominates at 32.8%. Deepdene's affluence is evident with 37.1% earning over $3,000 weekly, supporting premium retail and services. Housing accounts for 13.4% of income, while strong earnings rank residents in the 82nd percentile for disposable income. The area's SEIFA income ranking places it in the 9th decile.

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

Deepdene's dwelling structure, as per the latest Census, consisted of 66.8% houses and 33.3% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 55.5% houses and 44.5% other dwellings. Home ownership in Deepdene stood at 50.6%, with mortgaged dwellings at 28.0% and rented ones at 21.4%. The median monthly mortgage repayment was $3,000, aligning with Melbourne metro's average, while the median weekly rent was $501, compared to Melbourne metro's $3,000 and $451 respectively. Nationally, Deepdene's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

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

Family households constitute 72.1% of all households, including 33.9% couples with children, 28.3% couples without children, and 8.9% single parent families. Non-family households account for the remaining 27.9%, with lone person households at 25.2% and group households comprising 2.3%. The median household size is 2.6 people, larger than the Greater Melbourne average of 2.5.

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

Deepdene's educational attainment is notably higher than national averages. 54.0% of residents aged 15 and above hold university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the most common at 34.1%, followed by postgraduate qualifications (16.1%) and graduate diplomas (3.8%). Vocational pathways account for 18.3% of qualifications, with advanced diplomas at 10.6% and certificates at 7.7%.

Educational participation is high, with 31.3% of residents currently enrolled in formal education, including 9.4% in secondary, 9.2% in tertiary, and 7.8% in primary education.

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

Deepdene has eight active public transport stops in operation. These include lightrail services. Two routes serve these stops, together facilitating 3,420 weekly passenger trips.

The accessibility of transport is rated as good, with residents situated on average 213 meters from the nearest stop. Daily service frequency averages 488 trips across all routes, equating to around 427 weekly trips per individual stop.

Deepdene's residents are relatively healthy in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Deepdene's health metrics are close to national benchmarks. Common health conditions are seen at a fairly standard level across both young and old age cohorts. The rate of private health cover is exceptionally high at approximately 69% of the total population (1,459 people), compared to 75.8% in Greater Melbourne and 55.7% nationally.

The most common medical conditions are arthritis and asthma, impacting 8.6% and 6.3% of residents respectively. 71.3% of residents declared themselves completely clear of medical ailments, compared to 73.8% across Greater Melbourne. 28.2% of residents are aged 65 and over (595 people), which is higher than the 19.4% in Greater Melbourne. Health outcomes among seniors are above average, performing better than the general population in health metrics.

Deepdene 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

Deepdene has a high level of cultural diversity, with 38.1% of its population born overseas and 34.7% speaking a language other than English at home. Christianity is the predominant religion in Deepdene, making up 46.2% of people. Buddhism is overrepresented compared to Greater Melbourne, comprising 5.6% vs 3.5%.

The top three ancestry groups are Chinese (21.6%), English (21.3%), and Australian (15.6%). Hungarian, Vietnamese, and Sri Lankan ethnicities show notable divergences in representation compared to regional averages.

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

The median age in Deepdene is 46 years, which is notably higher than Greater Melbourne's average of 37 years, and also exceeds the Australian median of 38 years. Compared to Greater Melbourne, the 75-84 age cohort is significantly over-represented in Deepdene at 10.0%, while the 25-34 age group is under-represented at 9.2%. Between the 2021 Census and now, the 85+ age group has increased from 5.6% to 6.4% of the population. Conversely, the 35-44 age cohort has decreased from 11.1% to 9.8%. Population forecasts for Deepdene in 2041 indicate substantial demographic changes. The 85+ age cohort is projected to grow significantly by 130 people (97%), from 135 to 266. The aging population trend is clear, with those aged 65 and above comprising 81% of the projected growth. Conversely, the 5-14 and 0-4 age cohorts are expected to experience population declines.