Taylors Lakes

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

The population of Taylors Lakes is estimated at 15,232 as of May 2026. This figure reflects an increase of 58 people since the 2021 Census, which recorded a population of 15,174. The current resident population estimate of 15,223, validated by AreaSearch following examination of ABS ERP data from June 2025, includes an additional 205 new addresses since the Census date. This results in a density ratio of 2,020 persons per square kilometer, above the national average assessed by AreaSearch. Overseas migration contributed approximately 71.0% of overall population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered, it utilises VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population dynamics anticipate an increase just below the median of Australian statistical areas, with the suburb expected to have a population of 15,834 by 2041, reflecting a total increase of 602 persons and 3.9% over the 16-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, allocated from statistical area data, shows Taylors Lakes averaged approximately 39 new dwelling approvals per year over the past five financial years, totalling an estimated 195 homes. As of FY-26 so far, 11 approvals have been recorded. During this period, population has fallen, yet housing supply has remained adequate relative to demand, indicating a balanced market with good buyer choice. The average construction value for new properties is $591,000, suggesting developers target the premium market segment with higher-end properties.

This financial year has seen $24.4 million in commercial approvals, demonstrating moderate levels of commercial development. New building activity comprises 93.0% detached houses and 7.0% medium and high-density housing, preserving Taylors Lakes' suburban nature while attracting space-seeking buyers.

With around 554 people per dwelling approval, the market reflects maturity. Population forecasts indicate an increase of 593 residents by 2041 (latest AreaSearch quarterly estimate). At current development rates, new housing supply should comfortably meet demand, providing favourable conditions for buyers and potentially supporting population growth beyond current projections.

Taylors Lakes has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Local infrastructure changes significantly influence an area's performance. AreaSearch identified 19 projects expected to impact the region. Notable initiatives include Taylors Quarter, Cobblebank Community Services Hub, Melton Highway Infill Duplication, and Sunshine Avenue Intersection Upgrades. The following list details those likely most relevant.

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

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Employment conditions in Taylors Lakes demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Taylors Lakes has a skilled workforce with diverse sector representation. The unemployment rate was 2.9% in the past year, with an estimated employment growth of 3.7%. As of December 2025, 9,196 residents are employed, with an unemployment rate of 1.9%, lower than Greater Melbourne's rate of 4.8%.

Workforce participation is similar to Greater Melbourne's at 69.9%. A high proportion of residents, 25.3%, work from home, potentially influenced by Covid-19 lockdowns. Leading employment industries include retail trade, construction, and health care & social assistance. The area shows strong specialization in transport, postal & warehousing, with an employment share 1.7 times the regional level.

However, health care & social assistance has lower representation at 10.4% compared to the regional average of 14.2%. Employment opportunities locally may be limited, as indicated by the count of working population versus resident population. Between December 2024 and December 2025, employment increased by 3.7%, labour force by 4.2%, leading to a rise in unemployment by 0.5 percentage points. In contrast, Greater Melbourne experienced employment growth of 2.4% and labour force growth of 2.8%, with an unemployment increase of 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Taylors Lakes. Over five years, national employment is forecast to expand by 6.6%, and over ten years by 13.7%. 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

AreaSearch's aggregation of latest postcode level ATO data for financial year 2023 shows Taylors Lakes had a median taxpayer income of $52,579 and an average income of $64,269. These figures are below the national averages of $57,688 and $75,164 respectively in Greater Melbourne. With a 9.62% growth since financial year 2023, estimated incomes as of March 2026 would be approximately $57,637 (median) and $70,452 (average). According to 2021 Census figures, household income ranks at the 75th percentile ($2,164 weekly), while personal income is at the 40th percentile. Income analysis reveals that 30.8% of residents (4,691 people) fall into the $1,500 - 2,999 bracket, consistent with regional levels at 32.8%. Notably, 33.0% of households have high weekly earnings exceeding $3,000, indicating strong consumer spending power. After housing costs, residents retain 90.9% of their income, reflecting robust purchasing power. The area's SEIFA income ranking places it in the 6th decile.

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

Taylors Lakes' dwelling structures, as per the latest Census, consisted of 89.8% houses and 10.2% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Taylors Lakes stood at 52.6%, with mortgaged dwellings at 37.3% and rented ones at 10.1%. The median monthly mortgage repayment was $1,800, lower than Melbourne metro's average of $2,000. Median weekly rent in Taylors Lakes was $411, higher than the national average of $375 but lower than Melbourne metro's $390. Nationally, Taylors Lakes' mortgage repayments were below the Australian average of $1,863.

Taylors Lakes features high concentrations of family households, with a higher-than-average median household size

Family households account for 85.2% of all households, including 47.6% that are couples with children, 26.4% that are couples without children, and 10.6% that are single parent families. Non-family households make up 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, which is larger than the Greater Melbourne average of 2.6.

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 prevalent, with 29.5% of residents aged 15+ holding them, including advanced diplomas (10.4%) and certificates (19.1%). Educational participation is high at 26.8%, with 9.1% in secondary education, 7.0% in primary education, and 6.3% pursuing tertiary education.

Educational participation is notably 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

Taylors Lakes has 67 operational public transport stops, offering a mix of train and bus services. These stops are serviced by 20 distinct routes, collectively facilitating 5862 weekly passenger trips. Transport accessibility is deemed good, with residents typically situated 255 meters from their nearest stop. As a predominantly residential area, most commuting is outward-bound, with cars remaining the primary mode of transport at 94%. On average, there are 2.0 vehicles per dwelling, exceeding the regional norm. Notably, 25.3% of residents work from home (as per the 2021 Census; this may be influenced by COVID-19 conditions).

Daily service frequency averages 837 trips across all routes, translating to approximately 87 weekly trips per individual stop.

Taylors Lakes's residents are extremely healthy with younger cohorts in particular seeing very low prevalence of common health conditions

Analysis of health metrics shows strong performance throughout Taylors Lakes. Based on AreaSearch's assessment, mortality rates and chronic condition prevalence were low, particularly among younger cohorts.

Private health cover was higher than the average SA2 area at approximately 52% of the total population (~7,960 people), compared to 56.7% across Greater Melbourne. The most common medical conditions were arthritis (7.5%) and asthma (6.3%), while 72.7% of residents declared themselves completely clear of medical ailments, similar to the 72.6% figure for Greater Melbourne. The under-65 population had better than average health outcomes. The area had 23.2% of residents aged 65 and over (3,533 people), higher than the 15.0% in Greater Melbourne. Health outcomes among seniors were above average but ranked lower nationally compared to the broader population.

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, comprising 71.3% of the population, compared to 43.0% across Greater Melbourne. The top three ancestry groups in Taylors Lakes are Australian (14.5%), Italian (13.9%), and Other (13.0%).

Notably, Maltese is overrepresented at 6.5%, Croatian at 4.3%, and Macedonian at 4.2% compared to the regional averages of 1.1%, 0.7%, and 0.7%, respectively.

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 (17.2%) but fewer residents aged 25-34 (10.3%). This concentration of 55-64 year-olds is well above the national average of 11.2%. According to the 2021 Census, the proportion of residents aged 65-74 has grown from 11.0% to 13.7%, while those aged 75-84 increased from 4.6% to 7.0%. Conversely, the proportion of residents aged 45-54 has declined from 15.6% to 12.4%. By 2041, demographic projections indicate significant shifts in Taylors Lakes's age structure. The 75-84 age group is projected to grow by 47%, reaching 1,566 people from the current figure of 1,066. Notably, all population growth will be accounted for by those aged 65 and above, reflecting the area's aging demographic profile. In contrast, both the 55-64 and 45-54 age groups are projected to decrease in number.