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, Deepdene's population is estimated at approximately 2,190 people. This represents an increase of 89 individuals since the 2021 Census, which reported a population of 2,101 residents. The current population is inferred from AreaSearch's validation of new addresses and examination of the latest ERP data release by the ABS in June 2024, indicating a resident population of 2,183 with an additional validated new address since the Census date. This results in a population density ratio of 2,488 persons per square kilometer, placing Deepdene in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, Deepdene has exhibited steady growth patterns with a compound annual growth rate of 0.4%, outperforming its SA3 area. Overseas migration was the primary driver of population growth during recent periods.

AreaSearch's projections for Deepdene are based on ABS/Geoscience Australia data released in 2024, using 2022 as the base year. For areas not covered by this data, VIC State Government Regional/LGA projections from 2023 are employed with adjustments made through 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. Looking ahead, Deepdene is expected to experience a population increase just below the median of Australian statistical areas, with projections indicating an increase of 191 persons by 2041, reflecting a total increase of 9.4% over the 17-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Deepdene, placing the area among the bottom 25% of areas assessed nationally

AreaSearch analysis of ABS building approval numbers allocated from statistical area data indicates Deepdene had approximately 7 new homes approved annually. Between financial years FY-21 to FY-25, around 38 homes were approved, with an additional 2 approved in FY-26 so far.

Despite population decline, housing supply has remained adequate relative to demand, creating a balanced market with good buyer choice. New properties are constructed at an average expected cost of $1,367,000, targeting the premium market segment. Compared to Greater Melbourne, Deepdene shows around 63% of construction activity per person and ranks among the 57th percentile nationally. Recent construction comprises 40.0% detached houses and 60.0% medium and high-density housing, marking a shift from existing patterns (currently 67.0% houses). Deepdene has around 273 people per dwelling approval, indicating low density characteristics. Future projections estimate an increase of 207 residents by 2041.

Existing development levels appear aligned with future requirements, maintaining stable market conditions without significant price pressures.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified four projects expected to influence the area: Koonung Creek Reserve Restoration, Parring Collection, 1207-1209 Burke Road Townhomes, and Boston Ballywood. 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 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. The unemployment rate was 2.2% as of June 2025, compared to Greater Melbourne's 4.6%.

Employment growth over the past year was estimated at 2.6%, based on AreaSearch aggregation of statistical area data. As of June 2025, 1,076 residents were in work and workforce participation was at 54.4%, significantly lower than Greater Melbourne's 64.1%. Key industries for employment among residents are health care & social assistance, professional & technical services, and education & training. Deepdene has a particular specialization in professional & technical services, with an employment share of 1.5 times the regional level.

In contrast, construction employs just 4.7% of local workers, below Greater Melbourne's 9.7%. Many residents appear to commute elsewhere for work, based on Census data comparing working population to local population. During the year to June 2025, employment levels increased by 2.6% and labour force increased by 2.6%, with unemployment remaining essentially unchanged in Deepdene. In Greater Melbourne, employment rose by 3.5%, the labour force grew by 4.0%, and unemployment rose by 0.5 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from Sep-22 suggest potential future demand within Deepdene. Applying these projections to Deepdene's employment mix indicates local employment should increase by 7.4% over five years and 14.9% over ten years, based on a simple weighting extrapolation for illustrative purposes.

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

AreaSearch's data for financial year 2022 shows Deepdene's median income at $56,176 and average income at $107,504. This is higher than Greater Melbourne's median of $54,892 and average of $73,761. By September 2025, estimates suggest the median will be approximately $63,007 and average $120,576, based on a 12.16% Wage Price Index growth since 2022. The 2021 Census ranks Deepdene's household, family, and personal incomes between the 77th and 80th percentiles nationally. Income distribution shows 27.9% of locals (611 people) earn over $4,000 weekly, contrasting with surrounding regions where the $1,500 - 2,999 category is predominant 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 place 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 substantially above the national figure of $375.

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

Family households account for 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 is 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

Educational attainment in Deepdene is notably high, with 54.0% of residents aged 15+ having 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: secondary (9.4%), tertiary (9.2%), and primary (7.8%).

Our Lady of Good Counsel School and Deepdene Primary School serve 543 students collectively. The area's schools demonstrate exceptional performance (ICSEA score: 1165), placing them among the most advantaged nationally. Both schools focus on primary education, with secondary options available nearby. School capacity exceeds typical residential needs (24.8 places per 100 residents vs regional average of 19.2), indicating Deepdene serves as an educational hub for the broader region.

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, offering a mix of light rail services. These stops are served by two distinct routes, together facilitating 1,404 weekly passenger journeys. The accessibility of these transport services is rated as good, with residents on average situated 213 meters from the nearest stop.

On average, there are 200 trips daily across all routes, translating to approximately 175 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 closely match national benchmarks with common health conditions seen across both young and old age cohorts. Private health cover is exceptionally high at approximately 69% of the total population (1,513 people), compared to 77.7% across Greater Melbourne and a national average of 55.3%. The most common medical conditions are arthritis and asthma, impacting 8.6% and 6.3% of residents respectively.

Seventy-one point three percent declared themselves completely clear of medical ailments, compared to 73.8% across Greater Melbourne. Twenty-eight point one percent of residents are aged 65 and over (615 people), 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 is among the most culturally diverse areas in the country based on AreaSearch 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, comprising 46.2% of its population. Notably, Buddhism is overrepresented in Deepdene compared to Greater Melbourne, making up 5.6% versus 3.5%.

The top three ancestry groups based on country of birth of parents are Chinese at 21.6%, English at 21.3%, and Australian at 15.6%. Other ethnic groups with notable differences in representation include Hungarian (0.4% vs regional average of 0.3%), Vietnamese (1.9% vs 1.2%), and Sri Lankan (0.5% vs 0.7%).

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

The median age in Deepdene is 46 years, notably exceeding Greater Melbourne's average of 37 years. This figure is also well above Australia's median age of 38 years. Compared to the Greater Melbourne average, the 75-84 age cohort is over-represented in Deepdene at 10.0%, while the 25-34 age group is under-represented at 9.4%. Between the 2021 Census and present day, the 85+ age group has grown from 5.6% to 6.3% of Deepdene's population. Conversely, the 35-44 age cohort has declined from 11.1% to 9.6%. By 2041, population forecasts indicate significant demographic changes for Deepdene. The 85+ age cohort is projected to grow by 123 people (an increase of 89%) from 137 to 261 individuals. This growth is part of a broader aging population trend, with those aged 65 and above comprising 88% of the projected growth. Conversely, the 25-34 and 0-4 age cohorts are expected to experience population declines.