Taylors Lakes

Taylors Lakes has shown very soft population growth performance across periods assessed by AreaSearch

As of Nov 2025, the population of Taylors Lakes statistical area (Lv2) is estimated at around 15,255, reflecting an increase of 81 people since the 2021 Census. This increase represents a growth rate of approximately 0.5%. The resident population was estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024, which showed a figure of 15,248. An additional 18 validated new addresses since the Census date contributed to this increase. This results in a population density ratio of 2,023 persons per square kilometer for Taylors Lakes (SA2), which is higher than the average seen across national locations assessed by AreaSearch.

The primary driver of population growth in the area was overseas migration, contributing approximately 71% 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 released in 2023, adjusting them using 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. Looking ahead, lower quartile growth is anticipated for national areas, with the Taylors Lakes (SA2) expected to increase by 582 persons to 2041 based on aggregated SA2-level projections. This reflects an overall increase of approximately 3.8% in total over the 17-year period.

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

AreaSearch analysis of ABS building approval numbers in Taylors Lakes shows approximately 39 residential properties granted approval per year. Over the past five financial years, from FY-21 to FY-25, around 195 homes were approved, with a further 8 approved so far in FY-26. The area has experienced population decline, suggesting that new supply is likely keeping up with demand and offering good choice for buyers.

New properties are constructed at an average value of $591,000, indicating a focus on the premium segment with upmarket properties. This financial year, $24.4 million in commercial development approvals have been recorded, indicating steady commercial investment activity.

New development consists predominantly of standalone homes, making up 93.0% of approvals, and attached dwellings at 7.0%, sustaining the area's suburban identity with a concentration of family homes suited to buyers seeking space. With around 553 people per dwelling approval, Taylors Lakes reflects a highly mature market. According to AreaSearch's latest quarterly estimate, Taylors Lakes is expected to grow by approximately 579 residents through to 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.

Taylors Lakes has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Area infrastructure changes significantly influence local performance. AreaSearch identified 19 potential impact projects. Notable ones are Taylors Quarter, Cobblebank Community Services Hub, Melton Highway Infill Duplication, and Sunshine Avenue Intersection Upgrades.

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

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AreaSearch analysis reveals Taylors Lakes significantly outperforming the majority of regions assessed nationwide

Taylors Lakes has a skilled workforce with diverse sector representation. The unemployment rate was 2.8% in the past year, with estimated employment growth of 4.8%.

As of September 2025, 9,223 residents are employed, and the unemployment rate is 1.9% lower than Greater Melbourne's rate of 4.7%. Workforce participation is at par with Greater Melbourne's 64.1%. Key industries include retail trade, construction, and health care & social assistance. The area specializes in transport, postal & warehousing, with an employment share 1.7 times the regional level.

However, health care & social assistance shows lower representation at 10.4% compared to the regional average of 14.2%. Employment opportunities locally may be limited, as indicated by the Census working population vs resident population count. Over a 12-month period ending in September 2025, employment increased by 4.8%, labour force by 5.2%, and unemployment rose by 0.4 percentage points. In comparison, Greater Melbourne recorded employment growth of 3.0% and unemployment rise of 0.3 percentage points. State-level data from November 25 shows Victoria's employment grew by 1.13% year-on-year, with an unemployment rate of 4.7%. National forecasts from May-25 project national employment to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Taylors Lakes's employment mix suggests local employment should increase by 6.1% over five years and 12.7% over ten years.

The economic profile demonstrates above-average performance, with income metrics exceeding national benchmarks based on AreaSearch comparative assessment

The suburb of Taylors Lakes had a median taxpayer income of $52,579 and an average income of $64,269 in the financial year 2023, according to postcode level ATO data aggregated by AreaSearch. This was lower than national averages, with Greater Melbourne having a median income of $57,688 and an average income of $75,164. By September 2025, estimates suggest the median income would be approximately $56,917 and the average income $69,571, based on Wage Price Index growth of 8.25%. The 2021 Census showed household income ranked at the 75th percentile ($2,164 weekly) and personal income at the 40th percentile. Income distribution revealed that 30.8% of individuals earned between $1,500 - 2,999 weekly. High earning households (exceeding $3,000 weekly) made up 33.0%, indicating strong consumer spending power. After housing costs, residents retained 90.9% of their income, reflecting robust purchasing power and the area's SEIFA income ranking in the 6th decile.

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

The dwelling structure in Taylors Lakes, as per the latest Census, consisted of 89.8% houses and 10.2% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. In terms of home ownership, 52.6% of properties were owned outright, while 37.3% were mortgaged and 10.1% were rented. The median monthly mortgage repayment in the area was $1,800, with a median weekly rent figure of $411. Nationally, Taylors Lakes' median monthly mortgage repayments are lower than the Australian average of $1,863, while median rents exceed the national figure of $375.

Taylors Lakes features high concentrations of family households, with a median household size of 3.0 people

Family households constitute 85.2% of all households, including 47.6% couples with children, 26.4% couples without children, and 10.6% single parent families. Non-family households account for the remaining 14.8%, with lone person households at 13.6% and group households comprising 1.1% of the total. The median household size is 3.0 people.

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

The area's university qualification rate is 24.5%, significantly lower than Greater Melbourne's average of 37.0%. Bachelor degrees are the most common at 18.1%, followed by postgraduate qualifications (4.2%) and graduate diplomas (2.2%). Vocational credentials are held by 29.5% of residents aged 15 and above, with advanced diplomas at 10.4% and certificates at 19.1%. Educational participation is high, with 26.8% of residents currently enrolled in formal education.

This includes 9.1% in secondary education, 7.0% in primary education, and 6.3% pursuing tertiary education.

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

Transport analysis shows 67 active transport stops in Taylors Lakes. These include a mix of train and bus services. There are 20 individual routes operating, serving a total of 5862 weekly passenger trips.

Residential accessibility to public transport is rated good, with residents located an average of 255 meters from the nearest stop. Service frequency averages 837 trips per day across all routes, resulting in approximately 87 weekly trips per individual stop.

The level of general health in Taylors Lakes is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Taylors Lakes shows superior health outcomes for both younger and older age groups, with low prevalence of common health conditions.

The area has a private health cover rate of approximately 52%, higher than the average SA2 area (~7,972 people). Arthritis and asthma are the most prevalent medical conditions, affecting 7.5% and 6.3% of residents respectively. 72.7% of residents report no medical ailments, compared to 0% in Greater Melbourne. The area has a senior population (aged 65 and over) of 21.7%, or 3,310 people. Health outcomes among seniors are above average, aligning with the general population's health profile.

Taylors Lakes was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Taylors Lakes has a high level of cultural diversity, with 33.8% of its population born overseas and 40.5% speaking a language other than English at home. Christianity is the predominant religion in Taylors Lakes, accounting for 71.3% of the population, compared to None% across Greater Melbourne. The top three ancestry groups are Australian (14.5%), Italian (13.9%), and Other (13.0%).

Notably, Maltese (6.5%) is overrepresented in Taylors Lakes compared to the regional average of None%. Similarly, Croatian (4.3%) and Macedonian (4.2%) groups are also more prevalent than the regional averages of None%.

Taylors Lakes hosts a notably older demographic compared to the national average

The median age in Taylors Lakes is 45 years, which is significantly higher than Greater Melbourne's average of 37 years and Australia's national average of 38 years. Compared to Greater Melbourne, Taylors Lakes has a higher proportion of residents aged 55-64 (17.6%) but fewer residents aged 35-44 (9.5%). This concentration of 55-64 year-olds is well above the national average of 11.2%. According to the 2021 Census, the proportion of the population aged 65-74 has increased from 11.0% to 13.1%, while the proportion of those aged 75-84 has grown from 4.6% to 6.4%. Conversely, the proportion of residents aged 45-54 has declined from 15.6% to 13.1%. By 2041, demographic projections indicate significant shifts in Taylors Lakes's age structure. The 75-84 age group is expected to grow by 61%, reaching 1,567 people from the current 976. Notably, all population growth will be among those aged 65 and above, reflecting the area's aging demographic profile. In contrast, both the 0-4 and 55-64 age groups are projected to decrease in number.