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 figure represents an increase of 15 people since the 2021 Census, which reported a population of 2,101. The change is inferred from AreaSearch's estimate of the resident population at 2,100 following examination of the ABS's latest ERP data release in June 2024 and an additional 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 in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, from 2016 to 2026, Deepdene has demonstrated resilient growth patterns with a compound annual growth rate of 0.4%, outpacing its SA3 area. Population growth for the suburb was primarily driven by overseas migration 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 are applied across all areas for years 2032 to 2041. Based on aggregated SA2-level projections, the suburb is expected to increase its population by 228 persons to reach approximately 2,344 by 2041, reflecting an increase of 14.9% 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

Deepdene has seen approximately four new homes approved annually, with 24 approvals between FY-21 and FY-25, and one so far in FY-26. The area's population decline has maintained adequate housing supply relative to demand, resulting in a balanced market with diverse buyer options. New properties are valued at an average of $1,367,000, indicating developers target the premium segment.

In FY-26, $2.9 million in commercial approvals have been registered, reflecting Deepdene's primarily residential nature. Compared to Greater Melbourne, Deepdene has 60.0% lower building activity per person, supporting stronger demand and values for established dwellings. Recent construction consists of 33.0% detached houses and 67.0% medium and high-density housing, marking a shift from the current 67.0% houses. This trend may indicate decreasing developable land availability and evolving lifestyle preferences. With around 4374 people per dwelling approval, Deepdene exhibits a highly mature market. By 2041, AreaSearch projects an addition of 315 residents. If current construction levels persist, housing supply might lag population growth, potentially intensifying buyer competition and price growth.

Future projections show Deepdene adding 315 residents by 2041 (from the latest AreaSearch quarterly estimate). Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning 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 that could impact this region. Notable 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.

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's workforce comprises highly educated residents. Professional services are strongly represented, with an unemployment rate of 2.3% as of September 2025. Employment growth over the past year was estimated at 2.2%.

The unemployment rate in Deepdene is 2.4%, lower than Greater Melbourne's rate of 4.7%. Workforce participation stands at 61.0%, significantly below Greater Melbourne's 71.0%. According to Census responses, 44.5% of residents work from home, potentially influenced by Covid-19 lockdowns. Key industries include health care & social assistance, professional & technical services, and education & training.

Deepdene specializes in professional & technical employment, with a share 1.5 times the regional level. Conversely, construction employs only 4.7% of local workers, below Greater Melbourne's 9.7%. Many residents commute elsewhere for work. Between September 2024 and September 2025, employment levels increased by 2.2%, labour force grew by 2.3%, leading to a slight unemployment rise of 0.1 percentage points. In contrast, Greater Melbourne saw employment grow by 3.0% and unemployment rise by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth of 6.6% 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, though this is a simplified extrapolation for illustrative purposes only.

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 2023 shows that Deepdene suburb has income among the top percentile nationally. The median assessed income is $56,176 and average income stands at $107,504. This contrasts 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. From the 2021 Census, household, family and personal incomes in Deepdene rank highly nationally, between the 77th and 80th percentiles. Distribution data shows that 27.9% of locals (590 people) fall into the $4000+ income category, differing from the surrounding region where the $1,500 - 2,999 category is predominant at 32.8%. The suburb 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, higher than Melbourne metro's $2,000. The median weekly rent in Deepdene was $501, compared to 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 make up the remaining 27.9%, consisting of 25.2% lone person households and 2.3% group households. 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 exceeds national averages. Among residents aged 15 and above, 54.0% have university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are 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% 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

Deepdene has eight active public transport stops offering a mix of light rail services. These stops are served by two routes that together facilitate 3,420 weekly passenger trips. Transport accessibility in Deepdene is rated good, with residents typically residing 213 meters from the nearest stop. As a predominantly residential area, most residents commute outward. The car remains the primary mode of transport at 83%, followed by train at 6% and walking at 5%. On average, there are 1.3 vehicles per dwelling.

According to the 2021 Census, 44.5% of residents work from home, which may reflect COVID-19 conditions. 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 found low prevalence of common health conditions in both young and old age cohorts. The rate of private health cover was 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 were arthritis and asthma, impacting 8.6 and 6.3% of residents respectively, while 71.3% declared themselves completely clear of medical ailments, compared to 72.6% across Greater Melbourne. Working-age residents showed low chronic condition prevalence. The area had 28.9% of residents aged 65 and over (611 people), higher than the 15.1% in Greater Melbourne. Health outcomes among seniors were 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's population shows high cultural diversity, with 38.1% born overseas and 34.7% speaking languages other than English at home. Christianity is the primary religion in Deepdene, accounting for 46.2%. Buddhism is notably higher here compared to Greater Melbourne (5.6% vs 4.2%).

The top three ancestral groups are Chinese (21.6%, significantly higher than Greater Melbourne's 6.5%), English (21.3%) and Australian (15.6%). Some ethnicities have notable differences: Hungarian is slightly overrepresented at 0.4% compared to the regional average of 0.3%, Vietnamese remains similar at 1.9%, and Sri Lankan is lower at 0.5% compared to Greater Melbourne's 0.8%.

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

The median age in Deepdene is 46 years, which exceeds Greater Melbourne's average of 37 years and is also higher than Australia's median age of 38 years. Comparing Deepdene with Greater Melbourne, the proportion of residents aged 75-84 is notably higher at 10.2%, while those aged 25-34 are under-represented at 9.1%. According to the 2021 Census, the population aged 85 and above has grown from 5.6% to 6.7%. Meanwhile, the proportion of residents aged 35-44 has decreased from 11.1% to 9.6%. By 2041, Deepdene's population is forecasted to undergo significant demographic changes. The number of people aged 85 and above is projected to increase by 123 individuals (an 87% rise), from 141 to 265. This growth will be largely driven by the aging population dynamic, with those aged 65 and above accounting for 75% of the projected growth. Conversely, the number of residents aged 15-24 is projected to decrease by 10 individuals.