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 November 2025, the estimated population for the Templestowe statistical area (Lv2) is approximately 17,915. This figure represents an increase of 949 people since the 2021 Census, which reported a population of 16,966. The latest resident population estimate by AreaSearch, following examination of the June 2024 ABS ERP data release and validation of new addresses, is 17,467. This results in a population density ratio of 1,111 persons per square kilometer, comparable to averages seen across other areas assessed by AreaSearch. The primary driver of population growth was overseas migration during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch employs VIC State Government's Regional/LGA projections from 2023 with adjustments made using weighted aggregation methods. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, the Templestowe (SA2) is expected to grow by approximately 1,491 persons based on aggregated SA2-level projections, reflecting an increase of about 5.8% over the 17-year period.

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 around 54 residential properties granted approval per year. Over the past five financial years, from FY21 to FY25, approximately 271 homes were approved, with a further 20 approved so far in FY26. This rate has likely kept up with demand despite population decline, offering good choice to buyers.

The average construction value of new properties is $957,000, indicating focus on the premium market. In FY26, commercial approvals totalled $17.3 million, reflecting steady commercial investment activity. Compared to Greater Melbourne, Templestowe has around half the rate of new dwelling approvals per person and ranks in the 41st percentile nationally, suggesting limited choices for buyers and supporting demand for existing dwellings. Recent construction comprises 32.0% standalone homes and 68.0% medium and high-density housing, creating more affordable entry points and suiting downsizers, investors, and first-home buyers. This shift from the area's existing housing (78.0% houses) indicates decreasing availability of developable sites and reflects changing lifestyles. With around 401 people per approval, Templestowe indicates a mature market.

Future projections estimate an addition of 1,043 residents by 2041. Current construction levels 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 an area can significantly be influenced by changes to local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 17 such projects that could potentially impact the area. Notable among these are the Templestowe Route Upgrade, Ruffey Lake Park Pedestrian Trail, Mixed Use Development at 1-15 Andersons Creek Road, and Eastern Freeway Upgrades. The following list details those projects likely to be 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 3.9% in the past year, with an estimated employment growth of 2.3%.

As of September 2025, 8708 residents were employed, with an unemployment rate of 0.7% lower than Greater Melbourne's rate of 4.7%. Workforce participation was at 56.8%, compared to Greater Melbourne's 64.1%. Employment is concentrated in health care & social assistance, professional & technical services, and retail trade. The area has a notable concentration in professional & technical jobs, with employment levels at 1.3 times the regional average.

In contrast, transport, postal & warehousing employs only 3.1% of local workers, below Greater Melbourne's 5.2%. The residential nature of the area suggests limited local employment opportunities. Over a 12-month period ending September 2025, employment increased by 2.3%, while labour force also grew by 2.3%, keeping unemployment broadly flat. In comparison, Greater Melbourne recorded employment growth of 3.0% and unemployment rose by 0.3 percentage points. State-level data from 25-Nov-25 shows Victoria's employment grew by 1.13% year-on-year, with an unemployment rate of 4.7%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase 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, assuming constant population projections 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 ATO data released on June 30, 2023, Templestowe had a median income among taxpayers of $50,113 and an average income of $87,583. Nationally, these figures are high compared to the national median of $57,688 and national average of $75,164. By September 2025, estimates based on Wage Price Index growth suggest a median income of approximately $54,247 and an average income of around $94,809 in Templestowe. Census data indicates that household income ranks at the 75th percentile ($2,163 weekly) and personal income is at the 45th percentile. Income distribution shows that 28.2% of residents (5,052 individuals) earn between $1,500 to $2,999 weekly, similar to Greater Melbourne where 32.8% fall within this bracket. Higher earners make up a significant portion with 35.6% earning over $3,000 weekly. Housing expenses account for 14.0% of income, and residents rank high in disposable income at the 78th percentile. The suburb'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

The dwelling structure in Templestowe, as per the latest Census, was 77.6% houses and 22.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 67.1% houses and 32.9% other dwellings. Home ownership in Templestowe stood at 48.8%, with the rest either mortgaged (36.7%) or rented (14.5%). The median monthly mortgage repayment was $2,700, exceeding Melbourne metro's average of $2,400. The median weekly rent figure in Templestowe was $513, compared to Melbourne metro's $462. Nationally, Templestowe's mortgage repayments were 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 18.1%, with lone person households at 16.9% and group households making up 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 educational attainment is notably higher than national averages. Among residents aged 15+, 42.7% hold university qualifications, compared to 30.4% nationally and 33.4% in Victoria. 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 high, with 27.7% 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

Transport analysis shows 109 active transport stops in Templestowe, all of which are bus stops. These stops are served by 21 different routes that together facilitate 3696 weekly passenger trips. The accessibility to public transport is rated as good, with residents on average being located 219 meters from their nearest transport stop.

On average, there are 528 trips per day across all routes, which translates to approximately 33 weekly trips per individual stop.

The level of general health in Templestowe is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Templestowe shows better-than-average health outcomes for both younger and older age groups, with low prevalence of common health conditions. The private health cover rate is notably high at approximately 61% of the total population (10,990 people), compared to Greater Melbourne's 55.7%. Nationally, this rate stands at 55.7%.

Arthritis and mental health issues are the most prevalent medical conditions in Templestowe, affecting 7.5% and 5.4% of residents respectively. A total of 72.0% of residents report no medical ailments, compared to Greater Melbourne's 74.0%. The area has a higher proportion of seniors aged 65 and over at 25.0%, or 4,478 people, compared to Greater Melbourne's 22.8%. Health outcomes among seniors in Templestowe are above average, generally mirroring the overall population's health profile.

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 0.3%.

The top three ancestry groups in Templestowe are Chinese (19.7%), English (15.0%), and Australian (13.4%). Notable divergences exist for Greek (7.8% vs regional average of 7.6%), Italian (9.4% vs 8.3%), and Macedonian (0.9% vs 0.7%) ethnic groups.

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 Greater Melbourne's average, Templestowe has a notable over-representation of the 75-84 age cohort (9.1% locally) and an under-representation of the 25-34 age group (8.5%). Between the 2021 Census and the present day, the proportion of the population aged 5 to 14 has grown from 11.2% to 12.5%, while the proportion of those aged 55 to 64 has declined from 14.5% to 13.6%. Population forecasts for Templestowe indicate significant demographic changes by 2041, with the 85+ age cohort projected to grow substantially, increasing by 578 people (79%) from 734 to 1,313. The aging population trend is evident, with those aged 65 and above comprising 75% of the projected growth. Conversely, the 25-34 and 5-14 age cohorts are expected to experience population declines.