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

Based on ABS population updates and AreaSearch validation, as of Nov 2025, Leopold's estimated population is around 14,399. This reflects an increase of 1,127 people since the 2021 Census, which reported a population of 13,272. The change was inferred from AreaSearch's estimate of 13,755 residents following examination of ABS ERP data released in June 2024 and an additional 395 validated new addresses since the Census date. This level of population results in a density ratio of 515 persons per square kilometer. Leopold's 8.5% growth since the 2021 census exceeded both the SA3 area (7.9%) and non-metro areas, marking it as a growth leader. Interstate migration contributed approximately 41.0% of overall population gains during recent periods.

AreaSearch adopts 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 VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing weighted aggregation methods. Growth rates by age group are applied across all areas for years 2032 to 2041. Considering projected demographic shifts, a significant population increase is forecast for the Leopold statistical area (Lv2), with an expected increase of 4,235 persons by 2041 based on aggregated SA2-level projections, reflecting a gain of 24.9% in total over the 17 years.

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

Based on AreaSearch analysis, Leopold has received around 82 dwelling approvals each year over the past five financial years, totalling an estimated 412 homes. In FY-26 so far, 46 approvals have been recorded. This results in approximately 1.1 people moving to the area for each dwelling built annually between FY-21 and FY-25, indicating balanced supply and demand with stable market conditions. The average construction value of new homes is $380,000, slightly above the regional average.

In this financial year, $7.2 million in commercial approvals have been registered, reflecting Leopold's residential character. Compared to Rest of Vic., Leopold has around two-thirds the rate of new dwelling approvals per person and ranks among the 60th percentile nationally. Recent construction comprises 91% detached dwellings and 9% townhouses or apartments, maintaining the area's low density nature.

With approximately 250 people per dwelling approval, Leopold shows a developing market. According to AreaSearch's latest quarterly estimate, Leopold is forecasted to gain 3,591 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 30% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 17 projects likely impacting the area. Notable ones are Estuary Estate, Caspian Estate, Leopold Green Estate, and Allegra Estate. Below is a list of 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 3.4%, Leopold has experienced recent job losses, resulting in a below average employment performance ranking when compared nationally

Leopold has a skilled workforce with well-represented essential services sectors. Its unemployment rate is 3.4%.

Over the past year, it maintained relative employment stability. As of September 2025, 7169 residents are employed. Leopold's unemployment rate is 0.4% lower than Rest of Vic.'s rate of 3.8%, with workforce participation at 62.0% compared to Rest of Vic.'s 57.4%. Key industries include health care & social assistance, construction, and retail trade.

Construction employment is particularly high, at 1.3 times the regional level. However, agriculture, forestry & fishing is under-represented, with only 1.0% of Leopold's workforce compared to 7.5% in Rest of Vic.. The area may have limited local employment opportunities. Between September 2024 and September 2025, labour force levels decreased by 0.3%, alongside a 0.5% employment decline, raising the unemployment rate by 0.2 percentage points. By comparison, Rest of Vic. had an employment decline of 0.7%. State-level data to 25-Nov-25 shows VIC employment grew by 1.13% year-on-year, with a state unemployment rate of 4.7%, compared to the national rate of 4.3%. 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 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 stands at $49,792, while the average is $59,795. Comparatively, Rest of Vic.'s median income is $50,954 and average income is $62,728. Considering a 8.25% growth in wages since June 2023, estimated incomes for September 2025 would be approximately $53,900 (median) and $64,728 (average). Census data shows that household, family, and personal incomes in Leopold rank modestly, between the 40th and 40th percentiles. Notably, 34.3% of Leopold's population (4,938 individuals) falls 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 fifth decile.

Leopold is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

As of the latest Census, Leopold's dwelling structures consisted of 92.3% houses and 7.8% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Non-Metro Vic.'s 84.6% houses and 15.4% 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, lower than Non-Metro Vic.'s average of $1,712. The median weekly rent figure in Leopold was $375, higher than Non-Metro Vic.'s $335 but comparable to the national average of $375. Nationally, Leopold's mortgage repayments were significantly lower than the Australian average of $1,863.

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

Family households constitute 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 comprise the remaining 25.7%, with lone person households at 23.9% and group households making up 1.8%. The median household size is 2.5 people, larger than the Rest of 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, including advanced diplomas (12.3%) and certificates (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, all of which are bus stops. These stops are served by 15 different routes that together facilitate 1,260 weekly passenger trips. The accessibility of these services is rated as good, with residents on average being located 221 meters from the nearest stop.

On a daily basis, there are an average of 180 trips across all routes, which translates to approximately 18 weekly trips per individual stop.

Health performance in Leopold is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Leopold faces significant health challenges, with common health conditions being somewhat prevalent across both younger and older age cohorts. The rate of private health cover is relatively low at approximately 51% of the total population (~7274 people). This compares to 53.3% across Rest of Vic., while the national average is 55.7%.

The most common medical conditions in the area are mental health issues and asthma, impacting 10.3 and 8.5% of residents respectively. Meanwhile, 63.6% of residents declare themselves completely clear of medical ailments compared to 65.9% across Rest of Vic.. The area has 21.1% of residents aged 65 and over (3038 people), which is higher than the 16.8% in Rest of Vic.. Health outcomes among seniors present some challenges, broadly in line with the general population's health profile.

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 showed low cultural diversity, with 86.1% born in Australia, 92.0% being citizens, and 93.1% speaking English only at home. Christianity was the predominant religion, comprising 49.6%, compared to 47.4% across Rest of Vic.. The top three ancestry groups were English (30.7%), Australian (28.4%), and Irish (8.9%).

Notably, Dutch, Polish, and Scottish ethnicities had higher representation in Leopold than regionally: Dutch at 2.7% vs 2.0%, Polish at 0.9% vs 0.8%, and Scottish at 8.8% vs 8.3%.

Leopold's median age exceeds the national pattern

The median age in Leopold is 40 years, which is slightly below Rest of Vic.'s average of 43 but above Australia's median of 38. In comparison to the Rest of Vic. average, the 25-34 cohort makes up 13.2% of Leopold's population, a notable over-representation, while those aged 65-74 are under-represented at 10.9%. Between the 2021 Census and now, the proportion of people aged 25 to 34 has increased from 12.3% to 13.2%, while the 45 to 54 age group has decreased from 12.6% to 11.6%. By 2041, Leopold's population is projected to see significant growth in the 25 to 34 age cohort, with an increase of 1,140 people (60%) from 1,900 to 3,041. The 75 to 84 age group is expected to grow more modestly, adding only 42 residents at a rate of 4%.