Leopold
Statistical Area - sa2

Population growth drivers in Leopold are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Leopold's population was around 14,492 as of November 2025. This reflected an increase of 1,220 people since the 2021 Census, which reported a population of 13,272. The change was inferred from ABS estimated resident population of 13,757 in June 2024 and additional validated new addresses since the Census date. This resulted in a density ratio of 518 persons per square kilometer. Leopold's growth rate of 9.2% since the 2021 census exceeded both non-metro area (6.0%) and SA3 area, making it a growth leader. Interstate migration contributed approximately 41.2% of overall population gains during recent periods.

AreaSearch adopted ABS/Geoscience Australia projections for each SA2 area released in 2024 with 2022 as the base year. For areas not covered, VIC State Government's Regional/LGA projections released in 2023 were used with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group were applied across all areas for years 2032 to 2041. Based on latest numbers, Leopold is forecasted to increase by 4,235 persons by 2041, recording a gain of 24.1% in total over the 17 years.

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

Leopold has seen approximately 82 new homes approved annually. Over the past five financial years, from FY-21 to FY-25, a total of 412 homes were approved, with an additional 24 approved so far in FY-26. On average, around 1.1 new residents have arrived per new home each year over these five financial years.

This indicates a balanced supply and demand market, supporting stable conditions. The average construction cost value of new homes is $267,000. This financial year has seen $7.2 million in commercial approvals, suggesting the area's residential character.

Compared to the rest of Victoria, Leopold has roughly two-thirds the rate of new dwelling approvals per person and places among the 60th percentile of areas assessed nationally. The majority of new development consists of detached houses, at 92.0%, with attached dwellings making up the remaining 8.0%. This preserves the area's low-density nature and attracts space-seeking buyers. The estimated population density in Leopold is approximately 362 people per dwelling approval, reflecting its quiet, low activity development environment. Future projections indicate that Leopold will add around 3,498 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth in the area.

Leopold has emerging levels of nearby infrastructure activity, ranking in the 38thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 17 projects likely to affect the region. Notable ones are Estuary Estate, Allegra Estate, Caspian Estate, and Leopold Green Estate. The following details those expected to have the most relevance.

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

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AreaSearch analysis indicates Leopold maintains employment conditions that align with national benchmarks

Leopold has a skilled workforce with 3.4% unemployment rate and 2.1% estimated employment growth in the past year as of June 2025. There are 7,214 residents employed with an unemployment rate 0.4% below Rest of Vic.'s 3.8%.

Workforce participation is 62.0%, compared to Rest of Vic.'s 57.4%. Key industries include health care & social assistance, construction, and retail trade. Construction employment share is 1.3 times the regional level, while agriculture, forestry & fishing employs just 1.0% of local workers, below Rest of Vic.'s 7.5%. Employment opportunities locally appear limited based on Census working population vs resident population comparison.

From June 2024 to June 2025, employment levels increased by 2.1%, labour force by 2.4%, and unemployment rose by 0.2 percentage points in Leopold. In contrast, Rest of Vic. saw employment contract by 0.9%, labour force fall by 0.4%, and unemployment rise by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment expansion by 6.6% over five years and 13.7% over ten years. Applying these projections to Leopold's employment mix suggests local growth of approximately 6.6%% over five years and 13.7% over ten years, based on a simple weighting extrapolation for illustrative purposes.

Income levels sit below national averages according to AreaSearch assessment

AreaSearch's latest postcode level ATO data for financial year ending June 2022 shows median income in Leopold was $49,792 and average income was $59,795. Comparatively, Rest of Vic.'s median income was $48,741 with an average of $60,693. Based on Wage Price Index growth rate of 12.16% from financial year ending June 2022 to September 2025, estimated median income in Leopold is approximately $55,847 and average income is $67,066. Census data from 2021 ranks incomes in Leopold between the 40th and 41st percentiles for households, families, and individuals. The largest earnings segment comprises 34.3% earning $1,500 - $2,999 weekly, with 4,970 residents falling into this category, similar to the metropolitan region at 30.3%. After housing expenses, 85.6% of income remains for other expenditures. Leopold's SEIFA income ranking places it in the fifth decile.

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

The dwelling structure in Leopold, as evaluated at the latest Census, consisted of 92.3% houses and 7.8% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Non-Metro Vic. had 84.6% houses and 15.4% other dwellings. Home ownership in Leopold stood at 38.5%, with the remaining dwellings either mortgaged (42.8%) or rented (18.7%). The median monthly mortgage repayment was $1,603, lower than Non-Metro Vic.'s average of $1,712. The median weekly rent figure in Leopold was recorded at $375, compared to Non-Metro Vic.'s $335. Nationally, Leopold's mortgage repayments were significantly lower than the Australian average of $1,863, while rents were comparable to the national figure of $375.

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

Family households constitute 74.3% of all households, including 31.5% couples with children, 30.1% couples without children, and 11.6% single parent families. Non-family households account for the remaining 25.7%, with lone person households at 23.9% and group households comprising 1.8%. The median household size is 2.5 people, larger than the Rest of Vic. average of 2.4.

Educational attainment in Leopold aligns closely with national averages, showing typical qualification patterns and performance metrics

The area faces educational challenges, with university qualification rates at 19.7%, significantly lower than the VIC average of 33.4%. Bachelor degrees are the most common at 13.9%, followed by postgraduate qualifications (3.1%) and graduate diplomas (2.7%). Trade and technical skills are prevalent, with 41.7% of residents aged 15+ holding vocational credentials - advanced diplomas (12.3%) and certificates (29.4%). Educational participation is high at 27.3%, including 9.4% in primary education, 7.3% in secondary education, and 3.6% pursuing tertiary education.

Leopold Primary School serves the local community with an enrollment of 882 students as of 2021. The school has typical Australian school conditions (ICSEA: 1019) offering balanced educational opportunities. It focuses exclusively on primary education, with secondary options available in nearby areas. Local school capacity is limited at 6.3 places per 100 residents compared to the regional average of 16.7, leading many families to travel for schooling.

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

Leopold has 70 active public transport stops, all of which are bus stops. These stops are served by four different routes that together facilitate 845 weekly passenger trips. The accessibility of these services is rated as good, with residents on average being located 221 meters from the nearest stop.

Each route provides an average of 30 daily trips, resulting in approximately 12 weekly trips per individual stop.

Health performance in Leopold is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Leopold faces significant health challenges with common health conditions prevalent across both younger and older age cohorts. The rate of private health cover is relatively low at approximately 50% of the total population (~7,173 people), compared to 52.7% across Rest of Vic., and 55.3% nationally. Mental health issues impact 10.3% of residents, while asthma affects 8.5%.

A total of 63.6% declare themselves completely clear of medical ailments, compared to 65.9% across Rest of Vic.. The area has 21.1% of residents aged 65 and over (3,056 people), higher than the 16.8% in Rest of Vic.. Health outcomes among seniors present some challenges, broadly in line with the general population's health profile.

Leopold ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Leopold had a cultural diversity level below average, with 86.1% of its population born in Australia, 92.0% being citizens, and 93.1% speaking English only at home. Christianity was the predominant religion in Leopold, comprising 49.6% of the population, compared to 47.4% across Rest of Vic.. The top three ancestry groups were English (30.7%), Australian (28.4%), and Irish (8.9%).

Notably, Dutch (2.7%) was overrepresented in Leopold compared to regionally (2.0%), as were Polish (0.9% vs 0.8%) and Maltese (0.8% vs 0.5%).

Leopold's median age exceeds the national pattern

The median age in Leopold is 40 years, which is slightly below the Rest of Vic.'s average of 43 and above Australia's median of 38. Compared to the Rest of Vic., the 25-34 cohort is notably higher at 13.2% locally, while the 65-74 age group is lower at 10.9%. Between the 2021 Census and present, the 25-34 age group has increased from 12.3% to 13.2%, whereas the 45-54 cohort has decreased from 12.6% to 11.7%. By 2041, Leopold's population is forecasted to see significant changes. The 25-34 age group is projected to grow by 1,120 people (58%), reaching 3,041 residents from the current 1,920. Meanwhile, the 75-84 age group is expected to grow by a more modest 3%, adding only 31 residents.