Travancore

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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the Travancore statistical area (Lv2) had an estimated population of around 3,001 as of Nov 2025. This figure reflects an increase of 885 people since the 2021 Census, which reported a population of 2,116 people in the Travancore (SA2). The change is inferred from the resident population of 2,718 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 52 validated new addresses since the Census date. This level of population equates to a density ratio of 7,145 persons per square kilometer, placing it in the top 10% of national locations assessed by AreaSearch. The Travancore (SA2)'s growth rate of 41.8% since the 2021 census exceeded both the national average (9.7%) and state averages, marking it as a growth leader in the region. Population growth was primarily driven by overseas migration contributing approximately 88.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022, and for areas not covered, utilising 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. Considering these projections, an above median population growth is projected for the area, with the Travancore (SA2) expected to grow by 403 persons to 2041 based on aggregated SA2-level projections, reflecting a reduction of 5.4% in total over the 17 years.

Recent residential development output has been above average within Travancore when compared nationally

Based on AreaSearch analysis of ABS building approval numbers from statistical area data, Travancore has seen approximately 69 new homes approved each year. Over the past five financial years, between FY-21 and FY-25, around 348 homes were approved, with one additional approval so far in FY-26. The population decline during this period suggests that new supply has likely been keeping pace with demand, offering buyers good choice.

The average expected construction cost value of these new homes is $540,000, indicating developers are targeting the premium market segment with higher-end properties. In FY-26, commercial approvals valued at $1.5 million have been registered, reflecting Travancore's residential nature. Comparatively, Travancore has 233.0% more new home approvals per person than Greater Melbourne, providing greater choice for buyers despite a recent slowdown in building activity. This level is significantly higher than the national average, suggesting strong developer confidence in the location. The new building activity shows a focus on attached dwellings, with 99.0% of approvals for such properties and only 1.0% for detached houses. This emphasis on higher-density living creates more affordable entry points, benefiting downsizers, investors, and first-home buyers.

With approximately 55 people per dwelling approval, Travancore indicates an expanding market. Given stable or declining population forecasts, the area may experience less housing pressure in the future, creating favourable conditions for buyers.

Travancore has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Four projects identified by AreaSearch may impact the area: Flemington Green, Holland Court, Flemington housing, Flemington Estate Renewal (Public Housing Revitalisation Program), and Younghusband Kensington. The following details those most relevant.

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

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Employment performance in Travancore has been below expectations when compared to most other areas nationally

Travancore has an educated workforce with strong professional services representation. Its unemployment rate was 11.2% in the past year, showing a 5.6% employment growth based on AreaSearch data aggregation.

As of September 2025, 1,557 residents are employed while the unemployment rate is 6.5%, higher than Greater Melbourne's 4.7%. Workforce participation is high at 72.1%, compared to Greater Melbourne's 64.1%. Key industries include health care & social assistance, professional & technical services, and accommodation & food. The area specializes in professional & technical jobs, with an employment share 1.5 times the regional level.

Manufacturing, however, is under-represented at 3.4% compared to Greater Melbourne's 7.2%. Many residents commute elsewhere for work based on Census data. Between September 2024 and September 2025, employment levels increased by 5.6%, labour force by 5.7%, leading to a slight unemployment rise of 0.1 percentage points. In comparison, Greater Melbourne recorded employment growth of 3.0% and an unemployment increase of 0.3 percentage points. State-wide, Victoria's employment grew by 1.13% year-on-year as of 25-Nov, with an unemployment rate of 4.7%. National forecasts from Jobs and Skills Australia project national employment to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Travancore's employment mix suggests local employment should increase by 7.3% over five years and 14.7% over ten years, though this is a simplified extrapolation for illustrative purposes.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

AreaSearch's latest postcode level ATO data for financial year 2023 shows that Travancore suburb has one of Australia's highest incomes. Its median income is $70,309 and average income is $90,737. In contrast, Greater Melbourne's median income is $57,688 with an average of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Travancore are approximately $76,109 (median) and $98,223 (average) as of September 2025. Census data shows individual earnings rank at the 81st percentile nationally ($1,027 weekly), but household income ranks lower at the 46th percentile. In Travancore, 38.2% of the population (1,146 individuals) fall within the $1,500 - 2,999 income range, similar to metropolitan regions where 32.8% occupy this range. Housing affordability pressures are severe, with only 82.7% of income remaining, ranking at the 46th percentile. The area's SEIFA income ranking places it in the 8th decile.

Travancore features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

Travancore's dwelling structure, as per the latest Census, consisted of 15.2% houses and 84.8% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasted with Melbourne metro's composition of 42.6% houses and 57.4% other dwellings. Home ownership in Travancore stood at 16.7%, with mortgaged dwellings at 25.8% and rented ones at 57.5%. The median monthly mortgage repayment was $1,513, lower than Melbourne metro's $2,200. The median weekly rent in Travancore was $351, compared to Melbourne metro's $370. Nationally, Travancore's mortgage repayments were significantly lower than the Australian average of $1,863, and rents were less than the national figure of $375.

Travancore features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households constitute 49.2% of all households, including 12.5% couples with children, 28.2% couples without children, and 5.9% single parent families. Non-family households account for the remaining 50.8%, with lone person households at 41.8% and group households comprising 8.7%. The median household size is 1.9 people, which is smaller than the Greater Melbourne average of 2.3.

Educational achievement in Travancore places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Travancore's educational attainment significantly exceeds broader benchmarks. In the area, 59.6% of residents aged 15+ hold university qualifications, compared to 30.4% in Australia and 33.4% in VIC. This substantial educational advantage positions Travancore strongly for knowledge-based opportunities. Bachelor degrees are the most prevalent at 35.2%, followed by postgraduate qualifications (20.6%) and graduate diplomas (3.8%).

Vocational pathways account for 18.6% of qualifications among those aged 15+, with advanced diplomas making up 8.8% and certificates 9.8%. Educational participation is notably high, with 30.2% of residents currently enrolled in formal education. This includes 16.2% in tertiary education, 4.1% in primary education, and 2.4% pursuing secondary education.

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

The transport analysis indicates four active stops operating within Travancore, offering a mix of light rail services. These stops are served by one route collectively providing 2035 weekly passenger trips. Transport accessibility is rated excellent with residents typically located 184 meters from the nearest stop.

Service frequency averages 290 trips per day across all routes, equating to approximately 508 weekly trips per individual stop.

Travancore's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Travancore shows excellent health outcomes across all age groups, with very low prevalence of common health conditions. Approximately 63% (1,877 people) have private health cover, compared to Greater Melbourne's 66.1%. Nationally, this figure stands at 55.7%.

Mental health issues and asthma are the most prevalent conditions in Travancore, affecting 11.3 and 7.8% of residents respectively. 73.3% of residents report no medical ailments, compared to Greater Melbourne's 72.0%. The area has a lower proportion of seniors aged 65 and over at 9.3% (279 people), compared to Greater Melbourne's 16.0%. Health outcomes among seniors in Travancore are strong and generally align with the overall population's health profile.

Travancore is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Travancore has a high level of cultural diversity, with 39.3% of its population speaking a language other than English at home and 45.9% born overseas. Christianity is the main religion in Travancore, making up 29.4% of people. Hinduism is overrepresented compared to Greater Melbourne, comprising 7.5% vs 3.0%.

The top three ancestry groups are English (17.7%), Other (16.5%), and Australian (14.6%). Indian, Spanish, and Italian ethnicities show notable divergences: Indian at 5.8% (vs regional 2.3%), Spanish at 0.7% (vs 0.5%), and Italian at 5.5% (vs 10.2%).

Travancore's young demographic places it in the bottom 15% of areas nationwide

Travancore's median age is 32 years, which is younger than Greater Melbourne's average of 37 and lower than the national average of 38. Compared to Greater Melbourne, Travancore has a higher concentration of residents aged 25-34 (34.7%) but fewer residents aged 5-14 (3.4%). This concentration is well above the national average of 14.5%. According to post-2021 Census data, the population aged 15-24 has grown from 14.1% to 16.0%, while the 25-34 cohort increased from 33.2% to 34.7%. Conversely, the 45-54 cohort has declined from 9.3% to 7.5%, and the 5-14 group dropped from 4.8% to 3.4%. Demographic modeling suggests that Travancore's age profile will significantly change by 2041. The 55-64 cohort is projected to grow strongly at 25%, adding 54 residents to reach 274. However, population declines are projected for the 0-4 and 5-14 cohorts.