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 population of Templestowe, as estimated by AreaSearch based on ABS updates and new addresses validated since the 2021 Census, was around 17,560 as of November 2025. This figure represents an increase of 594 people from the previous population count of 16,966 in the suburb. The change is inferred from AreaSearch's estimated resident population of 17,471, following examination of the latest ERP data release by the ABS in June 2024, and an additional 91 validated new addresses since the Census date. This results in a population density ratio of approximately 1,089 persons per square kilometer for Templestowe, which is relatively consistent with averages seen across other locations assessed by AreaSearch. The primary driver of population growth in Templestowe has been overseas migration during recent periods.

For projections until 2041, AreaSearch is adopting ABS/Geoscience Australia projections released in 2024, using 2022 as the base year for each SA2 area. In cases where data is not available for certain SA2 areas, AreaSearch utilizes the VIC State Government's Regional/LGA projections released in 2023 and applies adjustments through a method of weighted aggregation from LGA to SA2 levels. Based on aggregated SA2-level projections, Templestowe is expected to experience population growth just below the median of statistical areas analysed by AreaSearch. By 2041, the suburb's population is projected to increase by approximately 1,491 persons, reflecting an overall increase of about 8.0% 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

Templestowe has recorded approximately 54 residential properties granted approval annually, with a total of 271 homes approved between financial years FY-21 to FY-25. As of FY-26, 15 properties have been approved thus far. The area's population decline suggests that new supply is meeting demand, offering buyers good choice.

The average construction value of new properties is $957,000, indicating a focus on the premium market with high-end developments. In FY-26, commercial approvals amount to $17.3 million, reflecting steady commercial investment activity. Compared to Greater Melbourne, Templestowe has approximately half the rate of new dwelling approvals per person and ranks in the 41st percentile nationally for areas assessed, suggesting more limited choices for buyers and supporting demand for existing dwellings. This activity is below the national average, indicating an established area with potential planning limitations. Recent construction comprises 32.0% standalone homes and 68.0% medium and high-density housing. This shift from the current 78.0% houses indicates decreasing availability of developable sites and reflects changing lifestyles requiring more diverse, affordable housing options.

With around 401 people per approval, Templestowe suggests a mature market. Future projections estimate an increase of 1,398 residents by 2041. Given 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

Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified 17 projects that could impact the region. Notable initiatives include Templestowe Route Upgrade, Ruffey Lake Park Pedestrian Trail, 1-15 Andersons Creek Road Mixed Use Development, and Eastern Freeway Upgrades. The following list outlines 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 significant representation in professional services. Its unemployment rate was 3.8% in the past year, with an estimated employment growth of 3.1%.

As of June 2025, 8,944 residents are employed, which is 0.8% below Greater Melbourne's unemployment rate of 4.6%. Workforce participation in Templestowe lags at 56.8%, compared to Greater Melbourne's 64.1%. Employment is concentrated in health care & social assistance, professional & technical services, and retail trade. Professional & technical employment stands out at 1.3 times the regional average.

Meanwhile, transport, postal & warehousing employs only 3.1% of local workers, below Greater Melbourne's 5.2%. The area offers limited local employment opportunities as indicated by Census data. Over the past year, employment increased by 3.1%, while labour force grew by an equal percentage, keeping unemployment relatively stable. In contrast, Greater Melbourne saw employment growth of 3.5% and a slight rise in unemployment. Jobs and Skills Australia's national employment forecasts from Sep-22 project overall employment expansion 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 simplified extrapolation for illustrative purposes only.

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

AreaSearch's aggregation of latest postcode level ATO data for financial year 2022 shows Templestowe had a median income among taxpayers of $50,113 and an average of $87,583. Nationally, these figures are high, compared to Melbourne's median of $54,892 and average of $73,761. As of September 2025, estimated incomes would be approximately $56,207 (median) and $98,233 (average), based on Wage Price Index growth of 12.16%. Census data reveals Templestowe's household income ranks at the 75th percentile ($2,163 weekly) and personal income at the 45th percentile. Income distribution shows 28.2% of residents (4,951 individuals) earn between $1,500 - 2,999 weekly, similar to Melbourne's 32.8%. Higher earners make up a substantial presence with 35.6% exceeding $3,000 weekly. Housing costs account for 14.0% of income, and residents rank high in disposable income (78th percentile) and SEIFA income ranking (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, consisted of 77.6% houses and 22.3% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 67.1% houses and 32.9% 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 average of $2,400. The median weekly rent in Templestowe was $513, compared to Melbourne metro's $462. 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

Templestowe's educational attainment is notably higher than broader benchmarks. Among residents aged 15 and above, 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% 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. Templestowe's three schools have a combined enrollment of 1,861 students. The area demonstrates significant socio-educational advantages and academic achievement, with an ICSEA score of 1120. All three schools focus exclusively on primary education, with secondary options available in surrounding areas.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Templestowe has 108 active public transport stops, all of which are bus stops. These stops are served by 21 different routes that together facilitate 7,385 weekly passenger trips. The accessibility of these services is good, with residents on average being located 219 meters from the nearest stop.

Across all routes, there are an average of 1,055 trips per day, which equates to approximately 68 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 exhibits superior health outcomes for both younger and older age groups, with a low prevalence of common health conditions. Approximately 61% of its total population (10,773 people) has private health cover, higher than Greater Melbourne's 55.0%. Nationally, the average is 55.3%.

The most prevalent medical conditions are arthritis and mental health issues, affecting 7.5% and 5.4% of residents respectively. 72.0% of residents report no medical ailments, compared to Greater Melbourne's 74.0%. Templestowe has a higher proportion of seniors aged 65 and over at 25.0% (4,390 people), compared to Greater Melbourne's 22.8%. Health outcomes among seniors are above average, mirroring the general 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, making up 51.9% of the population. Judaism, however, is slightly 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%). Notably, Greek (7.8%) and Italian (9.4%) populations are higher than the regional averages of 7.6% and 8.3%, 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 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, the cohort aged 75-84 is over-represented in Templestowe at 9.1%, while those aged 25-34 are under-represented at 8.5%. According to the Census conducted on August 10, 2021, the age group of 5 to 14 years has grown from 11.2% to 12.5% of Templestowe's population. Conversely, the cohort aged 55-64 has declined from 14.5% to 13.6%. Population forecasts for Templestowe in the year 2041 indicate significant demographic changes. The age group of 85 years and above is projected to grow significantly by 593 people, from 719 to 1,313, representing an increase of 82%. This growth reflects a clear aging population trend, with those aged 65 and above comprising 72% of the projected growth. Conversely, the age groups of 5 to 14 years and 0 to 4 years are expected to experience population declines.