Taylors Lakes

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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Taylors Lakes' population is estimated at around 15,255 as of Feb 2026. This reflects an increase of 81 people (0.5%) since the 2021 Census, which reported a population of 15,174 people. The change is inferred from the resident population of 15,248 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024, and an additional 18 validated new addresses since the Census date. This level of population equates to a density ratio of 2,023 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Population growth for the suburb was primarily driven by overseas migration that contributed approximately 71.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with a base year of 2022. For any SA2 areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are also applied across all areas for years 2032 to 2041. Anticipating future population dynamics, a population increase just below the median of Australian statistical areas is expected, with the suburb expected to increase by 550 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 3.6% in total over the 17 years.

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, 8 approvals have been recorded. Despite a fall in population during this period, housing supply has remained adequate relative to demand, resulting in a well-balanced market with good buyer choice. The average construction value of new properties is $591,000, indicating that developers are targeting the premium market segment.

There have also been $24.4 million in commercial approvals this financial year, demonstrating moderate levels of commercial development. New building activity comprises 93.0% detached houses and 7.0% medium and high-density housing, preserving the area's suburban nature and attracting space-seeking buyers.

With around 553 people per dwelling approval, Taylors Lakes reflects a highly mature market. Population forecasts indicate an increase of 543 residents by 2041, with current development rates comfortably meeting demand and potentially supporting growth beyond current projections.

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

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified 19 projects that could impact 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 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. Its unemployment rate was 2.9% in the past year, with an estimated employment growth of 3.7%. As of December 2025, 9,207 residents are employed, with an unemployment rate of 1.9%, below Greater Melbourne's rate of 4.8%.

Workforce participation is at 71.3%, similar to Greater Melbourne's level. 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 (1.7 times the regional level), but lower representation in health care & social assistance (10.4% vs regional average of 14.2%).

Over the year to December 2025, employment increased by 3.7%, labour force by 4.2%, leading to a slight rise in unemployment (0.5 percentage points). In contrast, Greater Melbourne had lower growth rates and a smaller increase in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 project overall growth of 6.6% over five years and 13.7% over ten years. 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, though these are simple weighted extrapolations for illustrative purposes only and do not account for localized population projections.

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

According to AreaSearch's aggregation of latest postcode level ATO data released for financial year 2023, Taylors Lakes had a median income among taxpayers of $52,579 and an average income of $64,269. These figures are below the national average, which stands at $57,688 and $75,164 for 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 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 30.8% of residents fall into the $1,500 - $2,999 bracket (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. 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 structure, 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. Weekly rent in Taylors Lakes averaged $411, compared to Melbourne metro's $390. Nationally, mortgage repayments were lower at $1,863 and rents higher at $375.

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% 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, 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 has university qualification rates of 24.5%, significantly lower than the Greater Melbourne average of 37.0%. Bachelor degrees are most common at 18.1%, followed by postgraduate qualifications at 4.2% and graduate diplomas at 2.2%. Vocational credentials are held by 29.5% of residents aged 15+, 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

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 facilitating 5862 weekly passenger trips. Transport accessibility is rated good, with residents typically located 255 meters from the nearest stop. Most residents commute outward due to its residential nature, with cars being the dominant mode at 94%. Vehicle ownership averages 2.0 per dwelling, above the regional average. According to the 2021 Census, a high 25.3% of residents work from home, potentially reflecting 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. Based on AreaSearch's assessment, mortality rates and chronic condition prevalence were low, particularly among younger cohorts.

Private health cover was high at approximately 52% of the total population (~7,972 people), compared to 56.7% across Greater Melbourne. The most common medical conditions were arthritis (7.5%) and asthma (6.3%). A majority (72.7%) declared themselves completely clear of medical ailments, similar to Greater Melbourne's 72.6%. Health outcomes for the under-65 population were better than average. The area had a higher proportion of residents aged 65 and over at 23.4% (3,569 people), compared to Greater Melbourne's 15.1%. While health outcomes among seniors were above average, they 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 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 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 is overrepresented at 6.5%, Croatian at 4.3%, and Macedonian at 4.2%.

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

The median age in Taylors Lakes is 45 years, 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 (17.4%) but fewer residents aged 35-44 (9.4%). This concentration of 55-64 year-olds is well above the national average of 11.2%. According to the 2021 Census, the proportion of Taylors Lakes' population aged 65-74 has grown from 11.0% to 13.9%, while those aged 75-84 increased from 4.6% to 7.0%. Conversely, the age group of 45-54 years has decreased from 15.6% to 12.6%. By 2041, demographic projections show significant shifts in Taylors Lakes' age structure. Notably, the 75-84 age group is projected to grow by 48%, reaching 1,582 people from 1,067. The combined age groups of 65 and above will account for 100% of total population growth, reflecting the area's aging demographic profile. In contrast, both the 55-64 and 0-4 age groups are projected to have reduced numbers.