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 November 2025, Leopold's population is estimated at around 14,492 people. This figure reflects an increase of 1,220 individuals since the 2021 Census, which reported a population of 13,272 people in the suburb. The change was inferred from AreaSearch's resident population estimate of 13,757 following examination of the latest ERP data release by ABS (June 2024), along with an additional 395 validated new addresses since the Census date. This level of population equates to a density ratio of 518 persons per square kilometer. Leopold's growth rate of 9.2% since the 2021 Census exceeded the non-metro area's growth rate of 6.0%. Population growth in the suburb was primarily driven by interstate migration, contributing approximately 41.0% of overall population gains 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. Considering these projections, Leopold is forecasted to experience significant population increase, with an expected rise of 4,235 persons by 2041, reflecting a gain of 24.1% in total over the 17 years.

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

Leopold has received approximately 82 dwelling approvals annually over the past five financial years, totalling about 412 homes. As of FY-26, 24 approvals have been recorded. On average, around 1.1 people move to Leopold each year for every new dwelling built between FY-21 and FY-25. The average construction value per dwelling is $380,000, which is lower than the regional average.

This financial year has seen $7.2 million in commercial approvals registered, indicating Leopold's residential character. Compared to Rest of Vic., Leopold has roughly two-thirds the rate of new dwelling approvals per person and ranks among the 60th percentile nationally for areas assessed. Recent construction comprises predominantly detached dwellings (91.0%) with a smaller proportion of townhouses or apartments (9.0%), maintaining the area's low-density nature.

With around 250 people moving in for each dwelling approval, Leopold exhibits growing market demand. Population projections estimate Leopold will gain approximately 3,498 residents by 2041. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and supporting price increases.

Leopold 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 17 projects likely impacting the region. Notable ones are Estuary Estate, Caspian Estate, Leopold Green Estate, and Allegra Estate, as detailed below for relevance.

Professional plan users can use the search below to filter and access additional projects.

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Leopold has seen below average employment performance when compared to national benchmarks

Leopold has a skilled workforce with prominent representation in essential services sectors. Its unemployment rate is 3.4%, with an estimated employment growth of 2.1% over the past year, as per AreaSearch's aggregation of statistical area data.

As of June 2025, 7,214 residents are employed while the unemployment rate is 0.4% below Rest of Vic.'s rate of 3.8%. Workforce participation in Leopold is 62.0%, compared to Rest of Vic.'s 57.4%. Key industries include health care & social assistance, construction, and retail trade. Construction stands out with an employment share 1.3 times the regional level.

Agriculture, forestry & fishing is under-represented at 1.0% compared to Rest of Vic.'s 7.5%. Employment opportunities appear limited locally, as indicated by Census data. Between June 2024 and June 2025, employment increased by 2.1%, labour force by 2.4%, leading to a slight unemployment rise of 0.2 percentage points. In contrast, Rest of Vic. saw employment fall by 0.9% and unemployment rise by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Leopold's employment mix suggests local employment should increase by similar rates over these periods, although this is a simplified extrapolation for illustrative purposes.

Income levels sit below national averages according to AreaSearch assessment

AreaSearch's latest postcode level ATO data for financial year 2022 shows that Leopold has lower incomes than the national average. The median income in Leopold is $49,792 and the average is $59,795. In comparison, Rest of Vic.'s median income is $48,741 with an average of $60,693. Based on a 12.16% growth from financial year 2022 to September 2025, estimated incomes would be approximately $55,847 (median) and $67,066 (average). Census 2021 data shows Leopold's incomes rank modestly, between the 40th and 40th percentiles. Income brackets indicate that 34.3% of Leopold's population falls within the $1,500 - $2,999 range, similar to metropolitan regions where 30.3% occupy this range. After housing costs, 85.6% of income remains for other expenses. Leopold's SEIFA income ranking places it in the 5th decile.

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

In Leopold, as per the latest Census, 92.3% of dwellings were houses while 7.8% comprised semi-detached homes, apartments, and other types. This compares to Non-Metro Vic.'s figures of 84.6% houses and 15.4% other dwellings. Home ownership in Leopold stood at 38.5%, with mortgaged properties 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 in Leopold was $375 compared to Non-Metro Vic.'s $335. Nationally, Leopold's mortgage repayments were significantly lower 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 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 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 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 at 27.3%, with 9.4% in primary, 7.3% in secondary, and 3.6% in tertiary education.

Leopold Primary School serves the area, enrolling 882 students as of a recent date. The school focuses on primary education, with ICSEA score of 1019, indicating typical Australian school conditions. Secondary options are available nearby due to limited local capacity (6.1 places per 100 residents compared to the regional average of 16.7).

Transport servicing is low 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 four different routes that together facilitate 845 weekly passenger trips. The accessibility of public transport in Leopold is rated as good, with residents on average located 221 meters from the nearest stop.

On average, there are 120 trips per day across all routes, which equates to approximately 12 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 prevalent across both younger and older age cohorts. The rate of private health cover is relatively low at approximately 51% of the total population (~7,321 people), compared to 52.7% across Rest of Vic..

Mental health issues impact 10.3% of residents, while asthma impacts 8.5%. A total of 63.6% 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 (3,057 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, practiced by 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 (2.7%) and Polish (0.9%) were overrepresented compared to regional averages of 2.0% and 0.8%, respectively, while Scottish representation was slightly higher at 8.8%.

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

The median age in Leopold is 40 years, which is slightly below Rest of Vic.'s average of 43 but above the Australian median of 38. Compared to Rest of Vic., the 25-34 cohort is notably over-represented at 13.2% locally, while the 65-74 age group is under-represented at 10.9%. Between the 2021 Census and now, the 25 to 34 age group has grown from 12.3% to 13.2%, while the 45 to 54 cohort has declined from 12.6% to 11.6%. By 2041, population forecasts indicate significant demographic changes in Leopold. The 25 to 34 age group is projected to grow by 1,128 people (59%), reaching 3,041 residents. Meanwhile, the 75 to 84 age group is expected to grow modestly by 3%, adding only 35 residents.