Torrens

An assessment of population growth drivers in Torrens reveals an overall ranking slightly below national averages considering recent, and medium term trends

As of November 2025, the estimated population of the suburb of Torrens is around 2,420, a decrease of 4 people from the 2021 Census figure of 2,424. This change is inferred from AreaSearch's estimation based on the latest ERP data release by the ABS in June 2024 and an additional 9 validated new addresses since the Census date. The population density ratio is 1,861 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. Overseas migration contributed approximately 71.0% of overall population gains during recent periods in Torrens. For future projections up to 2041, ABS/Geoscience Australia data from 2024 with a base year of 2022 is adopted for each SA2 area.

For areas not covered by this data and years post-2032, age group growth rates from the ACT Government's SA2 area projections are used, also based on 2022. Projections indicate an overall population decline in Torrens of 169 persons by 2041, but with specific age cohorts expected to grow, notably the 65 to 74 age group projected to increase by 27 people.

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

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, shows Torrens averaged around 10 new dwelling approvals each year. Over the past five financial years, between FY21 and FY25, an estimated 51 homes were approved, with a further 4 approved in FY26 so far. Each year, on average, 2.2 new residents are associated with each dwelling approved during these years, indicating healthy demand that supports property values.

New homes are being built at an average expected construction cost value of $306,000. This financial year, $132,000 in commercial development approvals have been recorded, reflecting the area's residential nature. Compared to the Australian Capital Territory, Torrens records significantly lower building activity, 74.0% below the regional average per person, which typically reinforces demand and pricing for existing properties. New development consists of 80.0% standalone homes and 20.0% medium and high-density housing, maintaining the area's traditional suburban character focused on family homes.

With approximately 440 people per approval, Torrens indicates a mature market. Population projections suggest stability or decline, which should reduce housing demand pressures, benefiting potential buyers in the area.

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

No factor influences a region's performance more than alterations to local infrastructure, significant projects, and planning initiatives. AreaSearch has identified zero projects that could potentially impact this area. Notable projects include Athllon Drive Duplication, Mawson Group Centre Upgrade, Mixed-Use Complex In Mawson, and Canberra Hospital Master Plan, with the following list outlining those most pertinent.

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

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AreaSearch analysis places Torrens well above average for employment performance across multiple indicators

Torrens has a highly educated workforce with strong representation in professional services. The unemployment rate was 2.5% as of the past year, with an estimated employment growth of 2.4%.

As of June 2025, 1,318 residents were employed, with an unemployment rate of 0.9% below the Australian Capital Territory's rate of 3.4%. Workforce participation was 66.8%, compared to the Australian Capital Territory's 69.6%. The dominant employment sectors among residents included public administration & safety, health care & social assistance, and professional & technical services.

Conversely, accommodation & food services showed lower representation at 4.7% versus the regional average of 6.5%. Over a 12-month period ending in Sep-22, employment increased by 2.4% while labour force increased by 1.6%, causing the unemployment rate to fall by 0.8 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 Torrens's employment mix suggests local employment should increase by 6.8% over five years and 13.8% over ten years, based on a simple weighting extrapolation for illustrative purposes.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

AreaSearch's latest postcode level ATO data for financial year 2022 shows income in Torrens is exceptionally high nationally. The median assessed income is $72,953 and the average income stands at $97,554. This contrasts with Australian Capital Territory's figures of a median income of $68,678 and an average income of $83,634. Based on Wage Price Index growth of 13.6% since financial year 2022, current estimates would be approximately $82,875 (median) and $110,821 (average) as of September 2025. Census data reveals household, family and personal incomes all rank highly in Torrens, between the 92nd and 94th percentiles nationally. Income brackets indicate 30.6% of the population (740 individuals) fall within the $4000+ income range, contrasting with the region where the $1,500 - 2,999 bracket leads at 34.3%. Economic strength emerges through 45.6% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. After housing costs, residents retain 87.0% of income, reflecting strong purchasing power and the area's SEIFA income ranking places it in the 9th decile.

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

At the latest Census, 84.8% of dwellings in Torrens were houses, with 15.2% being semi-detached, apartments, or other types. In comparison, Australian Capital Territory had 58.4% houses and 41.7% other dwellings. Home ownership in Torrens was at 36.2%, with mortgaged dwellings at 38.7% and rented ones at 25.1%. The median monthly mortgage repayment was $2,470, higher than the Australian Capital Territory average of $2,167. The median weekly rent in Torrens was $478, compared to $440 in Australian Capital Territory. Nationally, Torrens's mortgage repayments were significantly higher at $2,470 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.

Torrens has a typical household mix, with a higher-than-average median household size

Family households account for 74.2% of all households, including 38.5% couples with children, 24.5% couples without children, and 10.1% single parent families. Non-family households constitute the remaining 25.8%, with lone person households at 22.2% and group households comprising 3.6%. The median household size is 2.7 people, larger than the Australian Capital Territory average of 2.4.

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

Educational attainment in Torrens is notably high, with 48.6% of residents aged 15 and above holding university qualifications, compared to the national average of 30.4%. Bachelor degrees are the most common at 29.3%, followed by postgraduate qualifications (13.9%) and graduate diplomas (5.4%). Vocational pathways account for 24.0% of qualifications among those aged 15 and above, with advanced diplomas at 9.3% and certificates at 14.7%. Educational participation is high, with 32.5% of residents currently enrolled in formal education.

This includes 11.3% in primary education, 9.4% in secondary education, and 6.1% pursuing tertiary education. Torrens Primary School serves the local community, with an enrollment of 397 students as of a recent report. The school focuses exclusively on primary education, with secondary options available in nearby areas.

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

Torrens has 11 active public transport stops operating within its boundaries. These stops serve a mix of bus routes, with four individual routes in total providing 1,386 weekly passenger trips combined. The accessibility of these services is rated as good, with residents typically located 229 meters from the nearest transport stop.

On average, there are 198 trips per day across all routes, which equates to approximately 126 weekly trips per individual stop.

The level of general health in Torrens is notably higher than the national average with a fairly standard level of common health conditions seen across both young and old age cohorts

Torrens demonstrates above-average health outcomes. The rate of private health cover is exceptionally high at approximately 66% of its total population of 1,590 people, compared to 68.1% across Australian Capital Territory and a national average of 55.3%. The most common medical conditions are asthma and mental health issues, impacting 8.0% and 8.0% of residents respectively.

70.9% of residents declare themselves completely clear of medical ailments, compared to 70.1% across Australian Capital Territory. As of 2021, the area has 15.8% of residents aged 65 and over (382 people), which is lower than the 18.3% in Australian Capital Territory. Health outcomes among seniors are above average, broadly in line with the general population's health profile.

Torrens was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Torrens, surveyed in June 2021, had a population where 25.2% were born overseas. In the same period, 19.8% spoke a language other than English at home. Christianity was the predominant religion, with 46.4%.

Judaism, though small at 0.2%, was higher than the Australian Capital Territory's average of 0.3%. Ancestry wise, English (24.1%) and Australian (23.7%) were the top groups, followed by Other (9.5%). Notably, Polish (1.1%), French (0.8%), and Hungarian (0.4%) ethnicities were overrepresented in Torrens compared to regional averages of 0.8%, 0.6%, and 0.3% respectively.

Torrens's population is slightly older than the national pattern

Torrens's median age is 39, which is older than the Australian Capital Territory figure of 35 and comparable to Australia's median age of 38. The 5-14 age group constitutes 15.2% of Torrens's population, higher than the Australian Capital Territory percentage. However, the 25-34 cohort makes up only 9.3% of Torrens's population, which is lower compared to other regions. Between 2021 and present, the 15-24 age group has increased from 12.1% to 13.3%, while the 35-44 cohort has grown from 14.0% to 15.2%. Conversely, the 45-54 cohort has decreased from 15.1% to 13.3%, and the 25-34 group has dropped from 10.5% to 9.3%. Looking ahead to 2041, demographic projections show significant shifts in Torrens's age structure. The 65-74 group is expected to grow by 10 people, reaching 210 from 191, and will comprise all of the projected growth for the 65+ age bracket. Meanwhile, the 45-54 and 15-24 cohorts are projected to experience population declines.