Pearcedale

Pearcedale 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, the estimated population for the Pearcedale statistical area (Lv2) is around 4,055. This figure represents an increase of 188 people since the 2021 Census, which reported a population of 3,867. The change can be inferred from AreaSearch's estimate of the resident population at 4,048 in June 2024, following examination of the latest ERP data release by the ABS, and an additional 21 validated new addresses since the Census date. The population density ratio is approximately 120 persons per square kilometer, indicating significant space per person and potential room for further development. Natural growth contributed around 79.0% 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 the VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods. Looking ahead, population projections indicate an increase just below the median for national areas. By 2041, the Pearcedale (SA2) is expected to gain 251 persons, reflecting a total growth of 4.1% over the 17-year period.

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

Pearcedale has seen approximately 16 dwelling approvals per year over the past five financial years, totalling around 81 homes. In FY26 so far, there have been 3 recorded approvals. On average, 0.5 new residents arrive annually for each new home built between FY21 and FY25. This indicates that new supply is meeting or exceeding demand, providing ample buyer choice and capacity for population growth beyond current forecasts.

The average construction cost of new properties is $542,000, suggesting developers are focusing on the premium market with high-end developments. There have been $1.4 million in commercial approvals this financial year, reflecting the area's residential nature.

All recent development has consisted of detached houses, maintaining Pearcedale's traditional low-density character and appealing to those seeking space for families. The estimated population per dwelling approval is 358 people, indicating a quiet, low-activity development environment. According to AreaSearch's latest quarterly estimate, Pearcedale is projected to add 165 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

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

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified one major project likely affecting this region. Notable projects include Western Port Highway Upgrade, Botanic Ridge Estate, 82 Edward Street Residential Development, and 46-48 Edward Street Townhouses. The following list details those 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.

The labour market in Pearcedale shows considerable strength compared to most other Australian regions

Pearcedale has a balanced workforce with representation across white and blue collar jobs. The construction sector is notably prominent.

In the year ending September 2025, unemployment was 3.0%, with an estimated employment growth of 5.0%. As of September 2025, 2,282 residents are employed, with an unemployment rate of 1.7% below Greater Melbourne's rate of 4.7%. Workforce participation is 66.7%, slightly higher than Greater Melbourne's 64.1%. Key industries for employment among residents are construction, health care & social assistance, and retail trade.

Construction has a particularly high share of employment at 2.2 times the regional level, while professional & technical services have limited presence at 5.0% compared to the regional 10.1%. The area may offer limited local employment opportunities, as indicated by Census data comparing working population with resident population. Between September 2024 and September 2025, employment increased by 5.0%, while labour force grew by 4.6%, leading to a decrease in unemployment of 0.3 percentage points. In contrast, Greater Melbourne saw employment rise by 3.0% with a slight increase in unemployment. Statewide, Victoria's employment grew by 1.13% year-on-year as of 25-November 2025, adding 41,950 jobs, with an unemployment rate of 4.7%. Nationally, employment growth was 0.14%, and the unemployment rate was 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Pearcedale's employment mix suggests local employment should increase by 6.1% over five years and 12.7% over ten years, though this is a simplified extrapolation for illustrative purposes and does not account for localized population projections.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

AreaSearch's latest postcode level ATO data for financial year 2023 shows that income in Pearcedale is below the national average. The median income is $51,668 and the average income stands at $63,041. In comparison, Greater Melbourne has a median income of $57,688 and an average income of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Pearcedale would be approximately $55,931 (median) and $68,242 (average) as of September 2025. Census data reveals that household income ranks at the 65th percentile ($2,009 weekly), while personal income sits at the 46th percentile. The earnings profile shows that 35.2% of the population falls within the $1,500 - $2,999 income range, which is consistent with broader trends across the broader area showing 32.8% in the same category. After housing costs, 85.9% of income remains for other expenses. The area's SEIFA income ranking places it in the 6th decile.

Pearcedale is characterized by a predominantly suburban housing profile, with strong rates of outright home ownership

Pearcedale's dwelling structures, as per the latest Census, consisted of 97.5% houses and 2.6% other dwellings. Home ownership stood at 37.9%, with 51.9% of dwellings mortgaged and 10.1% rented. The median monthly mortgage repayment was $2,020, while the median weekly rent was $400. Nationally, Pearcedale's mortgage repayments exceeded the Australian average of $1,863, and rents surpassed the national figure of $375.

Pearcedale features high concentrations of family households, with a median household size of 2.9 people

Family households constitute 83.9% of all households, including 40.9% couples with children, 31.8% couples without children, and 9.1% single parent families. Non-family households comprise the remaining 16.1%, with lone person households at 15.1% and group households making up 1.3% of the total. The median household size is 2.9 people.

Pearcedale shows below-average educational performance compared to national benchmarks, though pockets of achievement exist

The area's university qualification rate is 14.8%, significantly lower than Greater Melbourne's average of 37.0%. Bachelor degrees are the most common at 10.2%, followed by postgraduate qualifications (2.6%) and graduate diplomas (2.0%). Vocational credentials are prevalent, with 42.5% of residents aged 15+ holding them – advanced diplomas at 10.6% and certificates at 31.9%. Educational participation is high, with 27.3% of residents currently enrolled in formal education: 9.6% in primary, 8.4% in secondary, and 3.4% pursuing tertiary education.

Educational participation is notably high, with 27.3% of residents currently enrolled in formal education. This includes 9.6% in primary education, 8.4% in secondary education, and 3.4% pursuing tertiary education.

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

Pearcedale has 17 active public transport stops, all of which are bus stops. These stops are served by two routes that together facilitate 403 weekly passenger trips. The accessibility of these services is limited, with residents typically living 617 meters away from the nearest stop.

On average, there are 57 trips per day across both routes, resulting in approximately 23 weekly trips per individual stop.

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

Pearcedale faces significant health challenges with common health conditions prevalent across both younger and older age cohorts.

Approximately 52% (~2,099 people) of the total population have private health cover. The most common medical conditions are asthma (9.0%) and arthritis (8.5%). 68.1% of residents declare themselves completely clear of medical ailments compared to 0% across Greater Melbourne. 18.0% of residents are aged 65 and over (729 people). Health outcomes among seniors in Pearcedale are above average, performing better than the general population in health metrics.

Pearcedale is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Pearcedale's cultural diversity was found to be below average, with 87.9% of its population born in Australia and 92.3% being citizens. English was spoken as the only language at home by 95.7% of residents. Christianity was the predominant religion, comprising 39.6% of Pearcedale's population.

However, Judaism had no representation (0.0%) compared to None% across Greater Melbourne. The top three ancestry groups were English (33.0%), Australian (32.3%), and Scottish (8.4%). Notably, Dutch (2.6%), Serbian (0.7%), and Hungarian (0.4%) ethnicities were overrepresented in Pearcedale compared to their regional counterparts of None%.

Pearcedale's median age exceeds the national pattern

Pearcedale's median age is 41 years, which is notably higher than Greater Melbourne's average of 37 years and slightly above Australia's median of 38 years. Comparing with Greater Melbourne, Pearcedale has a significantly higher proportion of residents aged 55-64 (14.6%) but fewer residents aged 25-34 (10.8%). Post-2021 Census, the 75 to 84 age group increased from 4.5% to 6.1%, while the 45 to 54 cohort decreased from 14.3% to 13.1%. By 2041, Pearcedale's age profile is projected to change significantly. The 75 to 84 cohort is expected to grow by 55%, adding 136 residents to reach 384. Residents aged 65 and older are anticipated to contribute 92% of the population growth. Conversely, declines are projected for the 55 to 64 and 5 to 14 age groups.