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 analysis of ABS population updates for the broader area and new addresses validated by AreaSearch, as of Feb 2026, Leopold's estimated population is around 14,409. This reflects an increase of 1,137 people (8.6%) since the 2021 Census, which reported a population of 13,272 people. The change was inferred from the resident population of 13,755 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 410 validated new addresses since the Census date. This level of population equates to a density ratio of 515 persons per square kilometer. Leopold's growth rate exceeded that of Rest of Vic (8.1%) and the SA3 area, marking it as a growth leader in the region. Population growth 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, 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. Growth rates by age group are applied across all areas for years 2032 to 2041. Future trends forecast a significant population increase, with the suburb expected to increase by 4,235 persons to 2041 based on aggregated SA2-level projections, reflecting an increase 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 of ABS building approval numbers from statistical area data, Leopold has experienced around 82 dwellings receiving development approval annually. Over the past five financial years, from FY-21 to FY-25, approximately 412 homes were approved, with a further 46 approved in FY-26 so far. On average, about 1.1 people have moved to the area per dwelling built over these five years.

This balance between supply and demand has created stable market conditions. The average construction cost of new homes is $380,000, slightly above the regional average, suggesting a focus on quality developments. In FY-26, there have been $7.2 million in commercial approvals, indicating the area's residential character.

Compared to Rest of Vic., Leopold records about 58% of building activity per person and ranks among the 60th percentile nationally for areas assessed. New building activity consists of approximately 91.0% detached houses and 9.0% attached dwellings, maintaining the area's traditional low density character with a focus on family homes appealing to those seeking space. The location has about 250 people per dwelling approval, indicating room for growth. According to AreaSearch's latest quarterly estimate, Leopold is forecasted to gain 3,581 residents by 2041. Should current construction levels persist, housing supply may lag behind population growth, potentially intensifying buyer competition and underpinning 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 to impact this area. Major projects include Estuary Estate, Caspian Estate, Leopold Green Estate, and Allegra Estate. Below is a detailed list of these projects, focusing on those most relevant.

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

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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 essential services sectors well represented. Its unemployment rate is 3.4%. Over the past year, it has maintained relative employment stability.

As of September 2025, 7169 residents are employed, with an unemployment rate of 3.4%, 0.4% lower than Rest of Vic.'s rate of 3.8%. Workforce participation is 65.8%, compared to Rest of Vic.'s 61.4%. According to Census responses, 16.5% of residents work from home. Key industries include health care & social assistance, construction, and retail trade.

Leopold specializes in construction employment, with a share 1.3 times the regional level. However, agriculture, forestry & fishing is under-represented, at only 1.0%. Local employment opportunities appear limited, as indicated by Census data comparing working population to resident population. Between September 2024 and September 2025, Leopold's labour force decreased by 0.3%, with employment declining by 0.5% and unemployment rising by 0.2 percentage points. In contrast, Rest of Vic.'s employment declined by 0.7%, labour force by 0.6%, and unemployment rose marginally. Jobs and Skills Australia forecasts national employment growth at 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 6.6% over five years and 13.7% over ten years, though this is a simple weighting extrapolation for illustrative purposes only.

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 income stands at $59,795. This contrasts with Rest of Vic.'s figures of a median income of $50,954 and an average income of $62,728. Based on Wage Price Index growth of 8.25% since financial year ending June 2023, current estimates would be approximately $53,900 (median) and $64,728 (average) as of September 2025. Census data reveals that household, family and personal incomes in Leopold all rank modestly, between the 40th and 40th percentiles. The data shows that 34.3% of the population (4,942 individuals) fall within the $1,500 - $2,999 income range, reflecting patterns seen in the metropolitan region where 30.3% similarly occupy this range. After housing costs, 85.6% of income remains for other expenses and the area's SEIFA income ranking places it in the fifth decile.

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

In Leopold, as per the latest Census evaluation, 92.3% of dwellings were houses, with the remaining 7.8% comprising semi-detached homes, apartments, and other types of dwellings. This compares to Non-Metro Vic., where 90.1% of dwellings were houses and 9.9% were other dwellings. Home ownership in Leopold stood at 38.5%, with mortgaged dwellings at 42.8% and rented ones at 18.7%. The median monthly mortgage repayment in the area was $1,603, higher than Non-Metro Vic.'s average of $1,430. The median weekly rent in Leopold was $375, compared to Non-Metro Vic.'s $285. Nationally, Leopold's mortgage repayments were lower at $1,603 compared to the Australian average of $1,863, while rents were similar 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 comprise the remaining 25.7%, with lone person households at 23.9% and group households at 1.8%. The median household size is 2.5 people, which is 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 such qualifications, including advanced diplomas (12.3%) and certificates (29.4%). Educational participation is high, with 27.3% of residents currently enrolled in formal education, comprising 9.4% in primary, 7.3% in secondary, and 3.6% in tertiary education.

Educational participation is notably 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 serviced by 15 routes. These routes facilitate 1,260 weekly passenger trips. Residents have good accessibility to transport, with an average distance of 221 meters to the nearest stop. Most residents commute outward from Leopold, predominantly using cars (95%). On average, there are 1.6 vehicles per dwelling. According to the 2021 Census, 16.5% of residents work from home, which may be influenced by COVID-19 conditions.

Across all routes, service frequency averages 180 trips per day, equating to approximately 18 weekly trips per individual 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 results based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are higher compared to other areas, with common health conditions affecting both younger and older age groups.

Private health cover is relatively low at approximately 51% of the total population (~7,279 people), compared to the national average of 55.7%. Mental health issues and asthma are the most prevalent medical conditions in Leopold, impacting 10.3 and 8.5% of residents respectively. 63.6% of residents declare themselves completely clear of medical ailments, similar to the 63.4% across Rest of Vic.. Working-age residents have an above-average prevalence of chronic health conditions. The area has 20.8% of residents aged 65 and over (2,997 people), lower than the 23.9% in Rest of Vic.. Health outcomes among seniors present some challenges, with national rankings broadly inline 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 was found to be predominantly Australian-born, with 86.1% having been born in the country. This is reflected in its high citizenship rate of 92.0%. English was also the primary language spoken at home by 93.1% of residents.

Christianity was identified as the major religion in Leopold, practiced by 49.6% of people, compared to 47.3% across Victoria. The most common ancestry groups were English (30.7%), Australian (28.4%), and Irish (8.9%). Notably, Dutch ancestry was more prevalent in Leopold at 2.7%, higher than the regional average of 1.7%. Similarly, Polish ancestry stood at 0.9% compared to the region's 0.5%. However, Scottish ancestry remained consistent with the regional average, at 8.8%.

Leopold's median age exceeds the national pattern

The median age in Leopold is 40 years, which is slightly lower than the Rest of Vic.'s average of 43 but higher than Australia's median of 38. Compared to the Rest of Vic., the 25-34 cohort is notably over-represented at 13.8% locally while the 65-74 age group is under-represented at 10.7%. Between the 2021 Census and present, the 25 to 34 age group has increased from 12.3% to 13.8%, whereas the 45 to 54 cohort has decreased from 12.6% to 11.3%. By 2041, Leopold's population is forecasted to undergo substantial demographic changes. The 25 to 34 age group is projected to grow significantly by 1,052 people (53%), reaching a total of 3,041 residents from the current 1,988. Meanwhile, the 75 to 84 age group is expected to grow more modestly at 6%, adding only 70 residents.