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

As of May 2026, the estimated population of the suburb of Templestowe is around 17,464. This figure reflects an increase of 498 people since the 2021 Census, which reported a population of 16,966. The change is inferred from AreaSearch's estimation of the resident population at 17,442 in June 2025, based on the latest ERP data release by the ABS, and an additional 95 validated new addresses since the Census date. This results in a population density ratio of 1,083 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. Overseas migration was primarily responsible for this growth during recent periods.

AreaSearch's projections for Templestowe are based on ABS/Geoscience Australia projections released in 2024, using 2022 as the base year. For 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. Future population trends for Templestowe are expected to follow a pattern just below the median of statistical areas across the nation. By 2041, the suburb is projected to increase by 1,342 persons, reflecting an overall increase of 7.6% over the 16-year period.

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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Templestowe averaged around 54 new dwelling approvals each year over the past five financial years ending June 2021. This totals an estimated 271 homes. So far in the financial year 2026 (FY-26), 28 approvals have been recorded. Despite experiencing population decline, housing supply has remained adequate relative to demand, creating a well-balanced market with good buyer choice.

New properties are constructed at an average expected construction cost value of $957,000, indicating a developer focus on the premium segment with upmarket properties. In FY-26, $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, placing it among the 41st percentile of areas assessed nationally. This indicates more limited choices for buyers, supporting demand for existing dwellings. This is similarly under the national average, suggesting the area's established nature and potential planning limitations. New building activity shows 32.0% standalone homes and 68.0% attached dwellings, indicating a trend toward denser development to provide accessible entry options appealing to downsizers, investors, and entry-level buyers.

This represents a notable shift from the area's existing housing composition of currently 78.0% houses, suggesting decreasing availability of developable sites and reflecting changing lifestyles and demand for more diverse, affordable housing options. With around 401 people per dwelling approval, Templestowe shows a developed market. Future projections show Templestowe adding approximately 1,320 residents by 2041, based on the latest AreaSearch quarterly estimate (as of June 2021). 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 10% nationally

The performance of a local area is significantly influenced by changes in infrastructure projects and planning initiatives. AreaSearch has identified 16 such projects that could impact the area. Notable projects include Templestowe Route Upgrade, Ruffey Lake Park Pedestrian Trail, Mixed Use Development at 1-15 Andersons Creek Road, and Eastern Freeway Upgrades. The following list provides details of those projects likely to have the most relevance.

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

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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 being strongly represented. The unemployment rate was 4.1% in the past year, with an estimated employment growth of 1.9%. As of December 2025, 8730 residents were employed while the unemployment rate was 0.7% lower than Greater Melbourne's rate of 4.8%.

Workforce participation was at 62.1%, compared to Greater Melbourne's 69.9%. According to Census responses, 37.1% of residents worked from home, potentially influenced by Covid-19 lockdowns. Employment is concentrated in health care & social assistance, professional & technical services, and retail trade. The area shows a notable concentration in professional & technical jobs, with employment levels at 1.3 times the regional average.

Conversely, transport, postal & warehousing has lower representation at 3.1% compared to the regional average of 5.2%. Over a 12-month period ending in May-25, employment increased by 1.9%, labour force grew by 2.3%, and unemployment rose by 0.4 percentage points. National employment forecasts from Jobs and Skills Australia project national employment 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 extrapolation for illustrative purposes only and does not account for local population projections.

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

According to AreaSearch's aggregation of ATO data released on June 30, 2023, Templestowe had a median income among taxpayers of $50,113 and an average income of $87,583. These figures are among the highest in Australia compared to Greater Melbourne's median income of $57,688 and average income of $75,164. Based on Wage Price Index growth of 9.62% since June 30, 2023, estimated incomes as of March 2026 would be approximately $54,934 (median) and $96,008 (average). From the Census conducted on August 10, 2021, Templestowe's household income ranks at the 75th percentile ($2,163 weekly), while personal income sits at the 45th percentile. Income analysis shows that 28.2% of residents earn between $1,500 and $2,999 per week (4,924 individuals). The suburb demonstrates affluence with 35.6% earning over $3,000 weekly, supporting premium retail services. Housing costs account 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 mortgaged dwellings at 36.7% and rented ones at 14.5%. The median monthly mortgage repayment was $2,700, higher than Melbourne metro's $2,000. Median weekly rent in Templestowe was $513, compared to Melbourne metro's $390. Nationally, Templestowe's mortgage repayments were significantly higher at $2,700 versus 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 constitute 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

In Templestowe, residents aged 15 and above have a higher proportion of university qualifications than national and state averages. Specifically, 42.7% of residents hold such qualifications compared to Australia's 30.4% and Victoria's 33.4%. This educational advantage is evident in various qualification types: 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, with advanced diplomas at 10.7% and certificates at 12.0%.

Educational participation is notably high in Templestowe, with 27.7% of residents currently enrolled in formal education. 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 together facilitate 3,696 weekly passenger trips. The area's transport accessibility is rated as good, with residents typically located about 219 meters from the nearest stop. Most residents commute outward due to Templestowe's predominantly residential nature. Car remains the primary mode of transportation at 91%, while bus usage stands at 5%. On average, there are 1.8 vehicles per dwelling, which is higher than the regional norm.

According to the 2021 Census, a significant 37.1% of residents work from home, potentially due to COVID-19 conditions. Across all routes, service frequency averages 528 trips per day, equating to approximately 33 weekly trips per individual stop. The accompanying map displays the 100 nearest stops to the location's centerpoint.

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 notable results based on AreaSearch's assessment of mortality rates and chronic condition prevalence. Younger cohorts particularly have very low prevalence of common health conditions. The rate of private health cover is exceptionally high at approximately 61% of the total population (10,714 people), compared to 56.7% across Greater Melbourne and the national average of 55.7%.

The most prevalent medical conditions are arthritis impacting 7.5% of residents and mental health issues affecting 5.4%. A total of 72.0% declare themselves completely clear of medical ailments, compared to 72.6% across Greater Melbourne. Templestowe has 25.3% of residents aged 65 and over (4,418 people), higher than the 15.0% in Greater Melbourne. Health outcomes among seniors 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, comprising 51.9% of the population. Judaism, however, is overrepresented in Templestowe compared to Greater Melbourne, with 0.4% 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 higher than the regional averages of 2.7% and 5.2%, respectively. Macedonian ancestry is also slightly overrepresented at 0.9%.

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

The median age in Templestowe is 46 years, which exceeds Greater Melbourne's average of 37 years and is also higher than Australia's median age of 38 years. Compared to Greater Melbourne, the percentage of people aged 75-84 years is notably higher in Templestowe at 9.3%, while those aged 25-34 years are under-represented at 8.8%. According to the 2021 Census, the population aged 5-14 years has increased from 11.2% to 12.6%, while the percentage of people aged 55-64 years has decreased from 14.5% to 13.2%. By 2041, the population aged 85 years and above is projected to grow significantly in Templestowe, increasing by 488 people (70%) from 698 to 1,187. The aging population trend is evident, with those aged 65 years and above contributing to 65% of the projected growth. Conversely, the populations aged 0-4 years and 55-64 years are expected to decline.