Templestowe

Templestowe is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

The estimated population of the suburb of Templestowe is 17,916 as of Feb 2026. This figure reflects a growth of 950 people since the 2021 Census, which reported a population of 16,966. The increase was inferred from AreaSearch's estimation of resident population at 17,467 following examination of ABS' latest ERP data release in June 2024 and validation of 84 new addresses since the Census date. This results in a density ratio of approximately 1,111 persons per square kilometer, comparable to averages seen across other locations assessed by AreaSearch. Overseas migration was the primary driver behind this population growth.

AreaSearch is employing ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by these data, AreaSearch uses VIC State Government's Regional/LGA projections from 2023, adjusting them 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, Templestowe is projected to experience a population increase just below the national median statistical area average. By 2041, the suburb's population is expected to reach 19,465, reflecting an overall increase of approximately 849 persons over the 17-year period, representing a growth rate of around 5.9%.

Residential development activity is lower than average in Templestowe according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers in Templestowe shows an average of around 54 new dwelling approvals per year over the past five financial years, totalling approximately 271 homes. As of FY-26, 22 approvals have been recorded. Despite population decline, housing supply has remained adequate relative to demand, creating a balanced market with good buyer choice. New properties are constructed at an average value of $957,000, indicating a focus on the premium segment.

This year, $17.3 million in commercial approvals have been registered, demonstrating moderate levels of commercial development. Compared to Greater Melbourne, Templestowe has around half the rate of new dwelling approvals per person and ranks among the 41st percentile nationally, suggesting limited buyer choices and supporting demand for existing dwellings. New building activity shows 32.0% standalone homes and 68.0% attached dwellings, indicating a trend towards denser development to cater to downsizers, investors, and entry-level buyers. This represents a notable shift from the area's existing housing composition of 78.0% houses. With around 401 people per dwelling approval, Templestowe exhibits a developed market. Future projections estimate an addition of 1,060 residents by 2041, suggesting that current construction levels should adequately meet demand and create favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.

Future projections show Templestowe adding 1,060 residents by 2041 (from the latest AreaSearch quarterly estimate). With current construction levels, housing supply should adequately meet demand, creating favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.

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

Local infrastructure changes significantly influence an area's performance. AreaSearch has identified 17 projects likely impacting the area. Notable projects include Templestowe Route Upgrade, Ruffey Lake Park Pedestrian Trail, 1-15 Andersons Creek Road Mixed Use Development, and Eastern Freeway Upgrades. The following list details those most relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The employment landscape in Templestowe shows performance that lags behind national averages across key labour market indicators

Templestowe has a highly educated workforce with professional services well represented. The unemployment rate was 4.1% as of the past year, with an estimated employment growth of 1.9%. As of December 2025, 8,730 residents were employed, with an unemployment rate of 0.7% below Greater Melbourne's rate of 4.8%.

Workforce participation in Templestowe was 62.2%, compared to Greater Melbourne's 71.3%. According to Census responses, 37.1% of residents worked from home. Employment is concentrated in health care & social assistance, professional & technical services, and retail trade. Professional & technical services show notable concentration at 1.3 times the regional average, while transport, postal & warehousing has lower representation at 3.1%.

Limited local employment opportunities are indicated by the count of Census working population versus resident population. Over a 12-month period ending in May-25, employment increased by 1.9% and labour force by 2.3%, raising unemployment by 0.4 percentage points. In comparison, Greater Melbourne saw employment grow by 2.4%, labour force expand by 2.8%, and unemployment rise by 0.3 percentage points. National employment forecasts from Jobs and Skills Australia project growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Templestowe's employment mix suggests local employment should increase by 7.0% over five years and 14.1% over ten years, though this is a simple weighting extrapolation for illustrative purposes only.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

According to AreaSearch's aggregation of the latest postcode level ATO data released on 30 June 2023, Templestowe had a median income among taxpayers of $50,113 and an average income of $87,583. This is higher than the national averages of $57,688 and $75,164 respectively for Greater Melbourne. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates would be approximately $54,247 (median) and $94,809 (average) as of September 2025. The 2021 Census data shows Templestowe's household income ranks at the 75th percentile ($2,163 weekly), while personal income is at the 45th percentile. Income analysis reveals that 28.2% (5,052 individuals) of the community earn between $1,500 and $2,999 weekly, similar to the regional average of 32.8%. The suburb demonstrates affluence with 35.6% earning over $3,000 per week, supporting premium retail and service offerings. Housing accounts for 14.0% of income, and residents rank within the 78th percentile for disposable income. Templestowe's SEIFA income ranking places it in the 9th decile.

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

Templestowe's dwelling structure, as per the latest Census, consisted of 77.6% houses and 22.3% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Templestowe stood at 48.8%, with the rest being mortgaged (36.7%) or rented (14.5%). The median monthly mortgage repayment was $2,700, higher than Melbourne metro's average of $2,000. The median weekly rent in Templestowe was $513, compared to Melbourne metro's $390. Nationally, Templestowe's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

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

Family households comprise 81.9% of all households, including 42.7% couples with children, 29.1% couples without children, and 9.2% single parent families. Non-family households account for the remaining 18.1%, with lone person households at 16.9% and group households comprising 1.3%. The median household size is 2.8 people, larger than the Greater Melbourne average of 2.6.

Templestowe shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Educational attainment in Templestowe is notably higher than broader benchmarks. As of 2021, 42.7% of residents aged 15 years and above hold university qualifications, compared to the national average of 30.4% and the Victorian average of 33.4%. This educational advantage positions Templestowe favourably for knowledge-based opportunities. Bachelor degrees are the most common at 28.3%, followed by postgraduate qualifications (11.2%) and graduate diplomas (3.2%).

Vocational pathways account for 22.7% of qualifications among those aged 15 years and above, with advanced diplomas making up 10.7% and certificates accounting for 12.0%. Educational participation is notably high in Templestowe, with 27.7% of residents currently enrolled in formal education as of the latest census data. This includes 8.6% in primary education, 7.9% in secondary 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

Templestowe has 109 active public transport stops, all of which are bus stops. These stops are served by 21 different routes that collectively facilitate 3,696 weekly passenger trips. Transport accessibility is considered good, with residents typically residing 219 meters away from the nearest stop. Most residents commute outward due to Templestowe's predominantly residential nature. Car remains the primary mode of transport at 91%, while bus usage stands at 5%. The average vehicle ownership per dwelling is 1.8, higher than the regional average.

According to the 2021 Census, a significant 37.1% of residents work from home, which may be partly attributed to COVID-19 conditions. On average, there are 528 trips daily across all routes, equating to approximately 33 weekly trips per individual stop. The accompanying map illustrates the 100 nearest stops to the location's centrepoint.

Templestowe's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions

Templestowe's health outcomes show excellent results according to AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low, particularly among younger cohorts. Private health cover is exceptionally high at approximately 61% of the total population (10,991 people), compared to 56.7% across Greater Melbourne and a national average of 55.7%.

The most common medical conditions in Templestowe are arthritis and mental health issues, affecting 7.5% and 5.4% of residents respectively. 72.0% of residents report being completely free from medical ailments, compared to 72.6% across Greater Melbourne. Templestowe has a higher proportion of seniors aged 65 and over at 25.8% (4,622 people), compared to Greater Melbourne's 15.1%. Health outcomes among seniors in Templestowe are above average but rank lower nationally than the broader population.

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

Templestowe has a high level of cultural diversity, with 43.8% of its population born overseas and 46.6% speaking a language other than English at home. Christianity is the predominant religion in Templestowe, accounting for 51.9% of the population. However, Judaism is overrepresented compared to Greater Melbourne, making up 0.4% of Templestowe's population versus 1.0%.

The top three ancestry groups in Templestowe are Chinese (19.7%), English (15.0%), and Australian (13.4%). Notably, Greek (7.8%) and Italian (9.4%) populations are overrepresented compared to regional averages of 2.7% and 5.2%, respectively. Macedonian ancestry is also slightly higher at 0.9%.

Templestowe hosts an older demographic, ranking in the top quartile nationwide

The median age in Templestowe is 46 years, which is higher than Greater Melbourne's average of 37 years and also above Australia's median age of 38 years. Compared to Greater Melbourne, the percentage of people aged 75-84 in Templestowe is notably higher at 9.4%, while those aged 25-34 are under-represented at 8.3%. Between the 2021 Census and the latest data, the proportion of people aged 5 to 14 has increased from 11.2% to 12.7%, while the percentage of those aged 55 to 64 has decreased from 14.5% to 13.4%. By 2041, the population forecasts indicate significant demographic changes in Templestowe. The number of people aged 85 and above is projected to grow by 544 individuals (an increase of 69%) from 788 to 1,333. This growth reflects an aging population dynamic, with those aged 65 and above comprising 69% of the projected growth. Conversely, the populations in the age groups 0-4 and 55-64 are expected to decline.