Leopold

Population growth drivers in Leopold are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

As of May 2026, the population of Leopold is estimated at around 13,878. This reflects an increase of 606 people since the 2021 Census, which reported a population of 13,272. The change was inferred from AreaSearch's estimate of the resident population as 13,869 following examination of the latest ERP data release by the ABS in June 2025, and an additional 411 validated new addresses since the Census date. This level of population equates to a density ratio of 496 persons per square kilometer. Leopold's growth rate of 4.6% since the 2021 census exceeded the Rest of Vic.'s growth rate of 4.3%, marking it as a growth leader in the region. Interstate migration contributed approximately 41.0% of overall population gains during recent periods, with all drivers including overseas migration and natural growth being positive factors. AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024 with 2022 as the base year.

For areas not covered by this data, AreaSearch utilises 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. Considering projected demographic shifts, Leopold is forecasted to experience significant population increase, with an expected increase of 4,067 persons by 2041 based on aggregated SA2-level projections, reflecting a gain of 29.2% in total over the 16 years.

Recent residential development output has been above average within Leopold when compared nationally

Based on AreaSearch analysis of ABS building approval numbers, Leopold has experienced around 82 dwellings receiving development approval each year over the past five financial years. This totals an estimated 412 homes from FY-20 to FY-25. So far in FY-26, 89 approvals have been recorded. Between FY-21 and FY-25, on average, 1.1 people moved to Leopold for each dwelling built.

Supply and demand appear balanced, with new homes constructed at an average value of $380,000. In FY-26, $7.2 million in commercial approvals have been registered. Compared to the rest of Victoria, Leopold has around two-thirds the rate of new dwelling approvals per person, placing it among the 60th percentile nationally.

Recent construction comprises 91% detached dwellings and 9% townhouses or apartments, maintaining Leopold's low density nature with an average of around 250 people per dwelling approval. According to AreaSearch's latest quarterly estimate, Leopold is forecasted to gain 4,058 residents by 2041. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and supporting price growth.

Leopold has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 16 projects likely to impact the area. Notable ones are Estuary Estate, Caspian Estate, Leopold Green Estate, and Allegra Estate. The following details projects expected to be 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.

Despite maintaining a low unemployment rate of 3.5%, Leopold has experienced recent job losses, resulting in a below average employment performance ranking when compared nationally

Leopold has a skilled workforce with significant representation in essential services sectors. Its unemployment rate is 3.5%, according to AreaSearch's aggregation of statistical area data. As of December 2025, 7,146 residents are employed, with an unemployment rate of 0.2% lower than Regional Vic.'s rate of 3.7%.

Workforce participation in Leopold stands at 64.9%, compared to Regional Vic.'s 61.0%. Census responses indicate that 16.5% of residents work from home, though Covid-19 lockdown impacts should be considered. Key industries of employment among Leopold's residents are health care & social assistance, construction, and retail trade. The area specializes in construction, with an employment share 1.3 times the regional level, while agriculture, forestry & fishing is under-represented at 1.0% compared to Regional Vic.'s 7.5%.

Local employment opportunities appear limited based on Census data comparing working population to resident population. Over the 12 months to December 2025, Leopold's labour force levels decreased by 0.7%, with employment declining by the same percentage, while unemployment remained largely unchanged. Regional Vic., meanwhile, saw an employment decline of 0.6% and a labour force decline of 0.7%, with unemployment falling by 0.1 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest Leopold's employment should increase by 6.6% over five years and 13.7% over ten years, based on simple weighting extrapolations from industry-specific projections.

Income levels sit below national averages according to AreaSearch assessment

AreaSearch's latest postcode level ATO data for financial year ending June 2023 indicates that income in Leopold is lower than average nationally. The median income is $49,792 and the average is $59,795. This contrasts with Regional Vic.'s figures of a median income of $50,954 and an average of $62,728. Based on Wage Price Index growth of 9.62% from financial year ending June 2023 to March 2026, estimated incomes would be approximately $54,582 (median) and $65,547 (average). Census data shows household, family and personal incomes all rank modestly in Leopold, between the 40th and 40th percentiles. The data reveals that 34.3% of the population, comprising 4,760 individuals, fall within the $1,500 - $2,999 income range, similar to metropolitan regions where 30.3% occupy this range. After housing costs, 85.6% of income remains for other expenses. The area's SEIFA income ranking places it in the 5th decile.

Leopold is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region

Leopold's dwelling structures, as per the latest Census, consisted of 92.3% houses and 7.8% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Regional Vic.'s 90.1% houses and 9.9% other dwellings. Home ownership in Leopold was at 38.5%, with mortgaged dwellings at 42.8% and rented ones at 18.7%. The median monthly mortgage repayment was $1,603, exceeding Regional Vic.'s average of $1,430. The median weekly rent in Leopold was $375, compared to Regional Vic.'s $285. Nationally, Leopold's mortgage repayments were lower at $1,603 than the Australian average of $1,863, while rents were comparable at $375.

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

Family households comprise 74.3% of all households, including 31.5% couples with children, 30.1% couples without children, and 11.6% single parent families. Non-family households account for the remaining 25.7%, with lone person households at 23.9% and group households comprising 1.8%. The median household size is 2.5 people, larger than the Regional Vic. average of 2.4.

Leopold performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes

The area's university qualification rate is 19.7%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 13.9%, followed by postgraduate qualifications (3.1%) and graduate diplomas (2.7%). Vocational credentials are prevalent, with 41.7% of residents aged 15+ holding them - advanced diplomas account for 12.3% and certificates for 29.4%. Educational participation is high, with 27.3% of residents currently enrolled in formal education.

This includes 9.4% in primary education, 7.3% in secondary education, and 3.6% pursuing tertiary education.

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

Leopold has 70 active public transport stops served by 15 routes. These routes facilitate 1,260 weekly passenger trips. Residents enjoy good transport accessibility, with an average distance of 221 meters to the nearest stop. Most residents commute outward from Leopold, predominantly using cars at a rate of 95%. Vehicle ownership averages 1.6 per dwelling. According to the 2021 Census, 16.5% of residents work from home, potentially influenced by COVID-19 conditions.

Overall service frequency is 180 trips daily across all routes, equating to approximately 18 weekly trips per stop.

Health outcomes in Leopold are marginally below the national average with common health conditions somewhat prevalent across both younger and older age cohorts

Leopold's health indicators show below-average outcomes according to AreaSearch's assessment. Mortality rates and chronic condition prevalence are somewhat prevalent across both younger and older age cohorts.

Private health cover is relatively low at approximately 51% of the total population (~7,011 people), compared to the national average of 55.7%. The most common medical conditions in the area are mental health issues and asthma, affecting 10.3 and 8.5% of residents respectively. 63.6% of residents declare themselves completely clear of medical ailments, similar to Regional Vic.'s 63.4%. Working-age residents show above average prevalence of chronic health conditions. The area has 21.7% of residents aged 65 and over (3,011 people), lower than Regional Vic.'s 23.9%. Health outcomes among seniors present some challenges, with national rankings broadly in line with the general population.

Leopold ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Leopold's population is predominantly Australian-born, with 86.1% having been born in the country. A high proportion of residents are citizens, at 92.0%, and English is spoken exclusively at home by 93.1%. Christianity is the primary religion in Leopold, practiced by 49.6% of its population, slightly higher than the regional average of 47.3%.

The top three ancestry groups in Leopold are English (30.7%), Australian (28.4%), and Irish (8.9%). Some ethnic groups show notable differences: Dutch residents make up 2.7%, higher than the regional average of 1.7%; Polish residents comprise 0.9% compared to the region's 0.5%; Scottish residents are at 8.8%, equal to the regional figure.

Leopold's median age exceeds the national pattern

Leopold has a median age of 41 years, which is lower than the Regional Victoria average of 43 but higher than the national average of 38. The 25-34 age group comprises 12.9% of Leopold's population, higher than the Regional Victoria figure. The 65-74 cohort makes up 11.0%. According to post-2021 Census data, the 35 to 44 age group has increased from 12.3% to 13.2%, while the 45 to 54 cohort has decreased from 12.6% to 11.4%. By 2041, Leopold's age profile is projected to change significantly. The 25 to 34 cohort is expected to grow by 59%, adding 1,055 residents and reaching a total of 2,846.