Taylors Lakes

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

As of February 2026, the estimated population of Taylors Lakes is around 15,255. This figure reflects a growth of 81 people since the 2021 Census, which reported a population of 15,174. The current population is inferred from AreaSearch's validation of new addresses and examination of ABS's ERP data release in June 2024, resulting in an estimate of 15,248 residents. This increase corresponds to a density ratio of 2,023 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. Overseas migration contributed approximately 71.0% of overall population gains during recent periods.

Population projections for Taylors Lakes are based on ABS/Geoscience Australia's data released in 2024 with a base year of 2022, and VIC State Government's Regional/LGA projections from 2023 adjusted using weighted aggregation methods. By 2041, the suburb is expected to increase by 582 persons, reflecting an overall growth rate of approximately 3.8%.

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 an average of around 39 new dwelling approvals per year over the past five financial years, totalling approximately 195 homes. As of FY26 so far, there have been 8 approvals recorded. During this period, population has fallen but housing supply has remained adequate relative to demand, indicating a well-balanced market with good buyer choice. The average construction cost value for new properties is $591,000, suggesting developers are targeting the premium market segment with higher-end properties.

In FY26, there have been $24.4 million in commercial approvals, demonstrating moderate levels of commercial development. New building activity consists of 93.0% detached houses and 7.0% medium and high-density housing, preserving Taylors Lakes' suburban nature and attracting space-seeking buyers with an average of around 553 people per dwelling approval.

According to AreaSearch's latest quarterly estimate, Taylors Lakes is forecasted to gain 578 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.

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 affecting the area. Notable ones include Taylors Quarter, Cobblebank Community Services Hub, Melton Highway Infill Duplication, and Sunshine Avenue Intersection Upgrades. The following list details those of most relevance.

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

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Taylors Lakes ranks among the top 25% of areas assessed nationally for overall employment performance

Taylors Lakes has a skilled workforce with diverse sector representation. The unemployment rate was 2.8% in the past year, with an estimated employment growth of 4.7%. As of September 2025, 9,210 residents were employed, with an unemployment rate of 1.8% below Greater Melbourne's rate of 4.7%, and workforce participation similar to Greater Melbourne's 71.0%.

A high 25.3% of residents worked from home based on Census responses, considering Covid-19 lockdown impacts. 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 of 1.7 times the regional level, but lower representation in health care & social assistance at 10.4% compared to the regional average of 14.2%. Employment opportunities locally appear limited as indicated by the count of Census working population versus resident population.

Between September 2024 and September 2025, employment increased by 4.7%, labour force by 5.2%, resulting in an unemployment rise of 0.4 percentage points. In contrast, Greater Melbourne experienced employment growth of 3.0% and labour force growth of 3.3%, with a 0.3 percentage point rise in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 project national employment expansion 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, noting this is a simple weighting extrapolation for illustrative purposes.

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

According to AreaSearch's aggregation of the latest postcode level ATO data released on 30 June 2023, the suburb of Taylors Lakes had a median income among taxpayers of $52,579. The average income stood at $64,269. This is below the national average and compares to levels of $57,688 and $75,164 across Greater Melbourne respectively. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates would be approximately $56,917 (median) and $69,571 (average) as of September 2025. According to the 2021 Census figures, household income ranks at the 75th percentile ($2,164 weekly), while personal income sits at the 40th percentile. Income analysis reveals that the $1,500 - 2,999 bracket dominates with 30.8% of residents (4,698 people). This is consistent with broader trends across regional levels showing 32.8% in the same category. Economic strength emerges through 33.0% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. After housing costs, residents retain 90.9% of income, reflecting strong purchasing power and 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). This compares 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. The median weekly rent was $411, compared to Melbourne metro's $390. Nationally, Taylors Lakes' mortgage repayments were below the Australian average of $1,863, while rents exceeded the national figure of $375.

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

Family households are 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, larger than Greater Melbourne's 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 - 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

Taylors Lakes has 67 active public transport stops, offering a mix of train and bus services. These stops are served by 20 different routes, collectively carrying out 5862 weekly passenger trips. Transport access is rated good, with residents typically located 255 meters from the nearest stop. Most residents commute outward daily. Car remains the primary mode of transport, used by 94% of residents. On average, there are 2 vehicles per dwelling, higher than the regional average.

According to the 2021 Census, a high 25.3% of residents work from home, possibly due to COVID-19 conditions. Service frequency averages 837 trips per day across all routes, resulting in 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. Mortality rates and chronic condition prevalence were low, particularly among younger cohorts.

Private health cover was high at approximately 52%, compared to 56.7% across Greater Melbourne (~7,972 people). The most common medical conditions were arthritis (7.5%) and asthma (6.3%). A total of 72.7% of residents declared themselves clear of medical ailments, similar to the 72.6% in Greater Melbourne. Under-65 population had better than average health outcomes. The area had a higher proportion of seniors at 23.3%, compared to 15.1% in Greater Melbourne (3,554 people). Health outcomes among seniors were above average but ranked lower nationally than 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 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 people, compared to 43.0% 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 1.1%. Similarly, Croatian (4.3%) and Macedonian (4.2%) groups are also higher than their respective regional averages of 0.7% each.

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 percentage of residents aged 55-64 (17.3%) but fewer residents aged 35-44 (9.4%). This concentration of the 55-64 age group is well above the national average of 11.2%. According to the 2021 Census, the population aged 65 to 74 has grown from 11.0% to 13.9%, while the 75 to 84 age group has increased from 4.6% to 6.9%. Conversely, the 45 to 54 age group has declined from 15.6% to 12.6%. By 2041, demographic projections indicate significant shifts in Taylors Lakes' age structure. The 75 to 84 age group is projected to grow by 49%, reaching 1,570 people from the current 1,052. 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 to 64 and 0 to 4 age groups are projected to decrease in number.