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 February 2026, the estimated population of Templestowe is around 17,916, an increase of 950 people since the 2021 Census which reported a population of 16,966. This increase reflects a resident population estimate of 17,467 by AreaSearch following examination of the latest ERP data release by the ABS in June 2024, along with an additional 84 validated new addresses since the Census date. The population density ratio is approximately 1,111 persons per square kilometer, which aligns with averages seen across locations assessed by AreaSearch. Overseas migration was the primary driver of population growth in Templestowe during recent periods. AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022.

For areas not covered, it utilises VIC State Government's Regional/LGA projections released in 2023, adjusted using a method of weighted aggregation from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Templestowe is expected to increase its population by approximately 1,491 persons based on aggregated SA2-level projections, reflecting an overall increase of around 5.8% over the 17-year period. This projection places Templestowe's future growth just below the median for statistical areas across the nation.

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 has averaged approximately 54 new dwelling approvals annually over the past five financial years ending June 2021. This totals an estimated 271 homes. As of April 2026, 20 approvals have been recorded in this financial year. Despite population decline, housing supply has remained adequate relative to demand, resulting in 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 the current financial year, $17.3 million in commercial approvals have been registered, demonstrating moderate levels of commercial development. Compared to Greater Melbourne, Templestowe has roughly half the rate of new dwelling approvals per person and ranks among the 41st percentile of areas assessed nationally, suggesting more limited choices for buyers and supporting demand for existing dwellings. This is also below the national average, indicating the area's established nature and potential planning limitations. New building activity shows 32.0% standalone homes and 68.0% attached dwellings, reflecting a trend towards denser development that provides accessible entry options appealing to downsizers, investors, and entry-level buyers. This represents a notable shift from the area's existing housing composition of 78.0% houses, indicating decreasing availability of developable sites and reflecting changing lifestyles and the need for more diverse, affordable housing options.

With approximately 401 people per dwelling approval, Templestowe shows a developed market. Future projections estimate Templestowe adding 1,042 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

Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified 17 projects that may impact 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 likely to be 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 being strongly represented. The unemployment rate was 3.9% in the past year, with an estimated employment growth of 2.3%. As of September 2025, 8,708 residents were employed while the unemployment rate was 0.7% lower than Greater Melbourne's rate of 4.7%.

The workforce participation rate was 62.3%, compared to Greater Melbourne's 71.0%. 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 have particularly notable concentration, with employment levels at 1.3 times the regional average.

Conversely, transport, postal & warehousing shows lower representation at 3.1% compared to the regional average of 5.2%. The area offers limited local employment opportunities, as indicated by the count of Census working population versus resident population. Over a 12-month period ending in September 2025, employment increased by 2.3%, while labour force also increased by 2.3%, leaving unemployment broadly flat. In comparison, Greater Melbourne saw employment grow by 3.0% and unemployment rise by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 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, based on a simple weighting extrapolation for illustrative purposes.

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 for financial year ending June 2023, Templestowe had a median income among taxpayers of $50,113 with an average level standing at $87,583. This is among the highest in Australia 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 ending June 2023, current estimates would be approximately $54,247 for median income and $94,809 for average income as of September 2025. From the 2021 Census, household income ranks at the 75th percentile ($2,163 weekly), while personal income sits at the 45th percentile. Income analysis reveals that 28.2% of Templestowe residents earn between $1,500 and $2,999 per week (5,052 individuals). The suburb demonstrates considerable affluence with 35.6% earning over $3,000 per week. Housing accounts for 14.0% of income while strong earnings rank residents within the 78th percentile for disposable income. The area'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 structures, as per the latest Census, consisted of 77.6% houses and 22.3% other dwellings (semi-detached, apartments, 'other' dwellings). This compares 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, above Melbourne metro's average of $2,000. Median weekly rent was $513, compared to Melbourne metro's $390. Nationally, Templestowe's mortgage repayments were higher at $2,700 versus the Australian average of $1,863, and rents were higher at $513 compared to the national figure of $375.

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

Family households account for 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 constitute 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

Templestowe's residents aged 15 and above have a higher proportion with university qualifications than Australia and Victoria. Specifically, 42.7% of Templestowe residents hold such qualifications compared to 30.4% nationally and 33.4% in Victoria. This educational advantage is driven by Bachelor degrees (28.3%), postgraduate qualifications (11.2%), and graduate diplomas (3.2%). Vocational pathways are also prevalent, with advanced diplomas comprising 10.7% and certificates making up 12.0% of qualifications among those aged 15 and above.

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 accessibility of public transport in Templestowe is rated as good, with residents on average located 219 meters from the nearest stop. Most residents commute outwards due to its residential nature. Car remains the primary mode of transport at 91%, while bus usage stands at 5%. On average, there are 1.8 vehicles per dwelling in Templestowe, which is higher than the regional average.

According to the 2021 Census, a significant 37.1% of residents work from home, potentially due to COVID-19 conditions. The service frequency averages 528 trips per day across all routes, translating to approximately 33 weekly trips per individual stop. A map accompanying the analysis shows 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 notable results based on AreaSearch's assessment of mortality rates and chronic condition prevalence. Younger cohorts particularly have low prevalence of common health conditions. Approximately 61% of Templestowe's total population (10,991 people) has private health cover, compared to Greater Melbourne's 56.7%.

Nationally, the average is 55.7%. The most prevalent 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 clear of medical ailments, compared to Greater Melbourne's 72.6%. Templestowe has a higher proportion of seniors aged 65 and over at 25.6% (4,586 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, comprising 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 overrepresented compared to the 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 notably higher than Greater Melbourne's average of 37 years and also exceeds the Australian median of 38 years. Compared to the Greater Melbourne average, the cohort aged 75-84 is significantly over-represented in Templestowe at 9.3%, while those aged 25-34 are under-represented at 8.2%. Between the 2021 Census and the present day, the age group of 5 to 14 years has increased from 11.2% to 12.6% of Templestowe's population. Conversely, the cohort aged 25-34 has decreased from 9.3% to 8.2%, and those aged 55-64 have dropped from 14.5% to 13.4%. Population forecasts for Templestowe in the year 2041 indicate substantial demographic changes, with the age group of 85 years and above projected to grow significantly by 542 people (70%), from a total of 770 to 1,313. The aging population trend is clear, with those aged 65 years and above comprising 69% of the projected growth. Conversely, the age groups of 0-4 years and 55-64 are expected to experience population declines.