Taylors Lakes

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

As of November 2025, the estimated population of Taylors Lakes is around 15,257 people. This figure reflects an increase of 83 individuals since the 2021 Census, which reported a population of 15,174. The recent resident population estimate by AreaSearch is 15,251, based on analysis of ABS ERP data released in June 2024 and validation of 18 new addresses since the Census date. This results in a population density of approximately 2,023 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. Overseas migration contributed around 71% to recent population growth in the suburb.

AreaSearch employs ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered, they use 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 the years 2032 to 2041. Looking ahead, Taylors Lakes is projected to increase by 582 persons to 2041, reflecting a total growth of approximately 3.8% over the 17-year period, based on aggregated SA2-level projections.

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 has recorded approximately 39 residential properties granted approval per year. Over the past five financial years, from FY-21 to FY-25, around 197 homes have been approved, with an additional 8 approved so far in FY-26. The area's population decline suggests that new supply is likely keeping up with demand, offering buyers good choice while new properties are constructed at an average expected construction cost value of $591,000, somewhat higher than regional norms.

This reflects quality-focused development. In the current financial year, $32.6 million in commercial development approvals have been recorded, indicating strong commercial development momentum.

New development consists predominantly of standalone homes, with 90% of approved dwellings being standalone and 10% attached, sustaining the area's suburban identity with a concentration of family homes suited to buyers seeking space. With around 574 people per dwelling approval, Taylors Lakes reflects a highly mature market. According to the latest AreaSearch quarterly estimate, the area is expected to grow by approximately 577 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 very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 19 projects likely influencing the area. Notable ones are Taylors Quarter, Cobblebank Community Services Hub, Melton Highway Infill Duplication, and Sunshine Avenue Intersection Upgrades. The following list details those most relevant.

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. Its unemployment rate was 2.7% in the past year.

Employment growth was estimated at 5.3%. As of June 2025, 9,448 residents are employed, with an unemployment rate of 2.0%, below Greater Melbourne's rate of 4.6%. Workforce participation is equal to Greater Melbourne's 64.1%. Key industries include retail trade, construction, and health care & social assistance.

The area specialises in transport, postal & warehousing, with employment share 1.7 times the regional level. Conversely, health care & social assistance has lower representation at 10.4% versus the regional average of 14.2%. Employment opportunities locally may be limited, as indicated by Census data. In the past year, employment increased by 5.3%, labour force by 5.7%, and unemployment rose by 0.4 percentage points. By comparison, Greater Melbourne recorded employment growth of 3.5% and unemployment rise of 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 suggest potential future demand within Taylors Lakes. National employment is forecast to expand by 6.6% over five years and 13.7% over ten years, with varying growth rates between industry sectors. Applying these projections to Taylors Lakes' employment mix suggests local employment should increase by 6.1% over five years and 12.7% over ten years.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

Taylors Lakes had a median taxpayer income of $52,579 and an average of $64,269 in financial year 2022, according to postcode level ATO data aggregated by AreaSearch. This is roughly the national average, differing from Greater Melbourne's median income of $54,892 and average income of $73,761. By September 2025, estimates suggest a median income of approximately $58,973 and an average of $72,084, based on Wage Price Index growth of 12.16% since financial year 2022. As per the 2021 Census, household income ranks at the 75th percentile ($2,164 weekly), with personal income at the 40th percentile. Income distribution shows that 30.8% of individuals earn between $1,500 and $2,999 weekly. This is consistent with broader trends in the area, where 32.8% fall into this earnings band. High-income households (exceeding $3,000 weekly) comprise 33.0%, indicating strong consumer spending power. Post-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

The dwelling structure in Taylors Lakes, as per the latest Census, consisted of 89.8% houses and 10.2% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Melbourne metro had 0% houses and 0% other dwellings. The home ownership rate in Taylors Lakes was higher at 52.6%, with the rest being mortgaged (37.3%) or rented (10.1%). The median monthly mortgage repayment was $1,800, aligning with Melbourne metro's average, while the median weekly rent was $411. Nationally, Taylors Lakes' mortgage repayments were lower than the Australian average of $1,863, and rents were higher than the national figure of $375.

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

Family households compose 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 constitute the remaining 14.8%, with lone person households at 13.6% and group households comprising 1.1%. 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 prevalent, with 29.5% of residents aged 15+ holding them - 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. Taylors Lakes has 3 schools with a combined enrolment of 2,014 students as of the latest data. The area's ICSEA score is 1012, indicating balanced educational opportunities. The educational mix includes 1 primary school, 1 secondary school, and 1 K-12 school. Note that for schools showing 'n/a' in enrolments, please refer to their parent campus.

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

Transport analysis shows 67 active stops operating in Taylors Lakes. These comprise a mix of train and bus services. There are 20 individual routes servicing these stops, collectively providing 7,996 weekly passenger trips.

Transport accessibility is rated good, with residents typically located 255 meters from the nearest stop. Service frequency averages 1,142 trips per day across all routes, equating to approximately 119 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 higher than average health outcomes for both younger and older age groups, with low prevalence of common health conditions.

The rate of private health cover is approximately 52% of the total population (~7,973 people), slightly higher than the average SA2 area. The most prevalent medical conditions are arthritis and asthma, affecting 7.5% and 6.3% of residents respectively. A majority, 72.7%, report being completely free from medical ailments, compared to 0% in Greater Melbourne overall. The area has a higher proportion of seniors aged 65 and over at 21.7% (3,310 people). Health outcomes among seniors are above average and generally align with the health profile of the wider population.

Taylors Lakes is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Taylors Lakes has a high 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 people make up 6.5% of Taylors Lakes' population, Croatian 4.3%, and Macedonian 4.2%, while these groups have None% representation regionally.

Taylors Lakes hosts an older demographic, ranking in the top quartile nationwide

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 the 55-64 age group is well above the national average of 11.2%. According to the 2021 Census, the proportion of residents aged 65-74 has increased from 11.0% to 13.1%, while those aged 75-84 have risen from 4.6% to 6.4%. Conversely, the proportion of residents aged 45-54 has decreased from 15.6% to 13.1%. By 2041, demographic projections indicate significant shifts in Taylors Lakes' age structure. The 75-84 age group is expected to grow by 60%, reaching 1,567 people from the current figure of 976. Notably, all population growth will come from the combined 65+ age groups, reflecting the area's aging demographic profile. In contrast, both the 0-4 and 55-64 age groups are projected to decrease in number.