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 February 2026, the estimated population of the suburb of Deepdene (Vic.) is around 2,116. This reflects an increase of 15 people since the 2021 Census, which reported a population of 2,101. The change is inferred from AreaSearch's estimation of the resident population at 2,100 following examination of the latest ERP data release by the ABS in June 2024 and an additional 1 validated new address since the Census date. This level of population results in a density ratio of 2,404 persons per square kilometer, placing Deepdene (Vic.) in the upper quartile relative to national locations assessed by AreaSearch. Overseas migration was the primary driver of population growth for the area during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023, adjusted employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are applied across all areas for years 2032 to 2041. Based on aggregated SA2-level projections, the suburb of Deepdene (Vic.) is expected to grow by 210 persons to reach a population of approximately 2,326 by 2041, reflecting a gain of 9.2% in total over the 17-year period.

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 in Deepdene shows approximately 4 new homes approved annually. Between FY-21 and FY-25, around 24 homes were approved, with 1 more approved so far in FY-26. Despite population decline, development activity has been adequate relative to other areas.

New dwellings are developed at an average cost of $1,367,000, targeting the premium market segment. This year, there have been $2.9 million in commercial approvals, indicating limited commercial development focus. Compared to Greater Melbourne, Deepdene has significantly lower building activity (60.0% below regional average per person). This constrained new construction typically reinforces demand and pricing for existing dwellings. The area's level of new building activity is also below national average, reflecting its maturity and possible planning constraints. New building activity comprises 33.0% detached houses and 67.0% medium to high-density housing, marking a shift from the current 67.0% houses. This trend suggests diminishing developable land availability and responds to evolving lifestyle preferences and housing affordability needs.

Deepdene has around 4372 people per dwelling approval, indicating a highly mature market. AreaSearch's latest quarterly estimate projects Deepdene to add 194 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Deepdene 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 has identified four projects likely to impact this region. Key projects are 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.

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Employment performance in Deepdene exceeds national averages across key labour market indicators

Deepdene has an educated workforce with strong professional services representation. Its unemployment rate was 2.7% in the past year, with estimated employment growth of 1.5%. As of December 2025, 1,073 residents were employed at a 2.0% lower unemployment rate than Greater Melbourne's 4.8%.

Workforce participation was 60.1%, compared to Greater Melbourne's 71.3%. Census data showed 44.5% of residents worked from home, potentially impacted by Covid-19 lockdowns. Leading employment industries were health care & social assistance, professional & technical, and education & training. Deepdene had a particularly high specialization in professional & technical jobs at 1.5 times the regional level, while construction had limited presence at 4.7% compared to the regional 9.7%.

Many residents commuted elsewhere for work based on Census data. Between December 2024 and 2025, employment increased by 1.5%, labour force grew by 2.2%, raising unemployment by 0.8 percentage points in Deepdene. In contrast, Greater Melbourne saw employment rise by 2.4%, labour force grow by 2.8%, and unemployment increase by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest total employment will expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Deepdene's employment mix, local employment is estimated to increase by 7.4% over five years and 14.9% over ten years, assuming constant population growth for illustrative purposes.

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

The suburb of Deepdene has a median taxpayer income of $56,176 and an average income of $107,504 according to the latest postcode level ATO data aggregated by AreaSearch for the financial year 2023. This places it in the top percentile nationally, contrasting with Greater Melbourne's median income of $57,688 and average income of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates would be approximately $60,811 (median) and $116,373 (average) as of September 2025. Census 2021 income data shows household, family, and personal incomes all rank highly in Deepdene, between the 77th and 80th percentiles nationally. The data indicates that 27.9% of the population (590 individuals) fall within the $4000+ income range, contrasting with the surrounding region where the $1,500 - 2,999 bracket leads at 32.8%. Deepdene demonstrates considerable affluence with 37.1% earning over $3,000 per week, supporting premium retail and service offerings. Housing accounts for 13.4% of income while strong earnings rank residents within 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). This compares to Melbourne metro's 67.9% houses and 32.1% 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, above Melbourne metro's average of $2,000. Median weekly rent in Deepdene was $501, higher than Melbourne metro's $390. Nationally, Deepdene's mortgage repayments were significantly higher than the Australian average of $1,863, and rents substantially above the national figure of $375.

Deepdene has a typical household mix, with a fairly typical 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, which aligns with the Greater Melbourne average.

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. Among residents aged 15+, 54.0% 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%, 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. This includes 9.4% in secondary education, 9.2% in tertiary education, and 7.8% pursuing primary education.

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

The analysis of public transport in Deepdene shows that there are eight active transport stops operating within the area. These stops offer a mix of light rail services. Two individual routes service these stops, collectively providing 3,420 weekly passenger trips. The accessibility of transport is rated as good, with residents typically located 213 meters from the nearest transport stop. As Deepdene is primarily residential, most residents commute outward. The car remains the dominant mode of transportation at 83%, with 6% using the train and 5% walking to their destinations.

On average, there are 1.3 vehicles owned per dwelling in the area. According to the 2021 Census, a high percentage of residents, specifically 44.5%, work from home, which may reflect conditions related to COVID-19. The service frequency averages 488 trips per day across all routes, equating to approximately 427 weekly trips per individual stop.

Deepdene's residents are extremely healthy with both young and old age cohorts seeing low prevalence of common health conditions

Analysis of health metrics shows strong performance throughout Deepdene. AreaSearch's assessment of mortality rates and chronic condition prevalence indicates both young and old age cohorts have low prevalence of common health conditions. Private health cover is exceptionally high at approximately 69% of the total population (1,462 people), compared to 56.7% across Greater Melbourne and 55.7% nationally.

The most common medical conditions are arthritis and asthma, impacting 8.6 and 6.3% of residents respectively, while 71.3% declare themselves completely clear of medical ailments, compared to 72.6% in Greater Melbourne. Working-age residents have notably healthy outcomes with low chronic condition prevalence. The area has 29.3% of residents aged 65 and over (619 people), higher than the 15.1% in Greater Melbourne. Health outcomes among seniors are above average, with national rankings broadly in line with the general population.

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 its population. Buddhism, however, is notably overrepresented compared to Greater Melbourne, comprising 5.6% versus 4.2%.

The top three represented ancestry groups are Chinese (21.6%), English (21.3%), and Australian (15.6%). Hungarian (0.4%) and Vietnamese (1.9%) are also overrepresented in Deepdene compared to the regional averages of 0.3% and 1.9%, respectively. Sri Lankan, at 0.5%, is slightly underrepresented compared to Greater Melbourne's average of 0.8%.

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

The median age in Deepdene is 46 years, notably higher than Greater Melbourne's average of 37 years and also above Australia's median age of 38 years. Compared to Greater Melbourne's average, the proportion of people aged 85 and over is significantly higher in Deepdene at 7.1%, while those aged 25-34 are under-represented at 9.2%. According to the Census conducted in 2021, the percentage of the population aged 85 and over has increased from 5.6% to 7.1%, whereas the proportion of people aged 35-44 has decreased from 11.1% to 9.8%. By 2041, Deepdene's population is projected to undergo significant demographic changes. The number of people aged 85 and over is expected to grow substantially by 103 individuals (69%), from 150 to 254. This growth will be driven primarily by the aging population dynamic, with those aged 65 and over comprising 83% of the projected growth. Conversely, the populations aged 5-14 and 55-64 are expected to decline.