Leopold

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 approximately 14,492 as of November 2025. This figure represents an increase of 1,220 people from the 2021 Census, which reported a population of 13,272. The growth is inferred from the estimated resident population of 13,757 in June 2024 and an additional 395 validated new addresses since the Census date. This results in a density ratio of 518 persons per square kilometer. Leopold's 9.2% growth since the 2021 census exceeded both the non-metro area (6.0%) and its SA3 area, indicating it as a growth leader in the region. Interstate migration contributed approximately 41.2% of overall population gains during recent periods, with other factors such as overseas migration and natural growth also being positive contributors.

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, it utilises the VIC State Government's Regional/LGA projections released in 2023, adjusting them using a weighted aggregation method from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. According to demographic trends, Leopold is expected to experience significant population growth, with an increase of 4,235 persons forecasted by 2041 based on the latest annual ERP population numbers, reflecting a total gain of 24.1% over the 17-year period.

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

Leopold saw approximately 82 new homes approved annually. Between financial years FY-21 and FY-25, a total of 412 homes were approved, with an additional 39 approved so far in FY-26. On average, 1.1 new residents arrived per year for each new home over the past five financial years, indicating a balanced supply and demand market that supports stable conditions.

The average construction cost value of new homes was $267,000. This financial year has seen $7.2 million in commercial approvals, reflecting Leopold's residential character. Compared to the rest of Victoria, Leopold has around two-thirds the rate of new dwelling approvals per person and ranks among the 59th percentile nationally when assessed areas are considered.

New development consists predominantly of detached houses (92.0%) with a smaller proportion of attached dwellings (8.0%), preserving the area's low-density nature while attracting space-seeking buyers. The estimated population density is 362 people per dwelling approval, reflecting Leopold's quiet and low-activity development environment. According to AreaSearch's latest quarterly estimate, Leopold is projected to add approximately 3,498 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing buyer competition and supporting stronger price growth in the future.

Leopold has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

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

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 Leopold presents a mixed picture: unemployment remains low at 3.4%, yet recent job losses have affected its comparative national standing

Leopold has a skilled workforce with significant representation in essential services sectors. Its unemployment rate is 3.4%.

Over the past year, there has been relative employment stability. As of September 2025, 7169 residents are employed, with an unemployment rate of 3.4%, which is 0.4% lower than Rest of Vic.'s rate of 3.8%. Workforce participation is standard at 62.0%. Dominant employment sectors include health care & social assistance, construction, and retail trade.

Construction shows strong specialization with a share of 1.3 times the regional level. Conversely, agriculture, forestry & fishing has lower representation at 1.0% versus the regional average of 7.5%. Limited local employment opportunities are indicated by Census data comparison. Between September 2024 and September 2025, Leopold's labour force decreased by 0.3%, with a 0.5% employment decline, causing unemployment to rise by 0.2 percentage points. Rest of Vic. recorded an employment decline of 0.7% and a labour force decline of 0.6%. State-level data from 25-Nov-25 shows VIC employment grew by 1.13%, adding 41950 jobs, with the state unemployment rate at 4.7%. National employment forecasts from May-25 suggest Leopold's employment should increase by 6.6% over five years and 13.7% over ten years based on national projections applied to local industry mix.

Income levels sit below national averages according to AreaSearch assessment

Income data from AreaSearch for financial year 2022 shows median income in Leopold SA2 was $49,792 and average income was $59,795. This is lower than Rest of Vic.'s figures of $48,741 median and $60,693 average. By September 2025, estimated incomes would be approximately $55,847 median and $67,066 average based on Wage Price Index growth since financial year 2022. Census data from 2021 ranks Leopold's household, family, and personal incomes between the 39th and 40th percentiles. The income bracket of $1,500 - 2,999 is dominant with 34.3% of residents (4,970 people), similar to broader metropolitan trends at 30.3%. After housing costs, 85.6% of income remains for other expenses. Leopold's SEIFA income ranking places it in the 5th decile.

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

In Leopold, as per the latest Census evaluation, 92.3% of dwellings were houses, with the remaining 7.8% consisting of semi-detached homes, apartments, and other types of dwellings. In comparison, Non-Metro Vic. had 84.6% houses and 15.4% other dwellings. Home ownership in Leopold stood at 38.5%, with mortgaged dwellings at 42.8% and rented ones at 18.7%. The median monthly mortgage repayment was $1,603, lower than Non-Metro Vic.'s average of $1,712. The median weekly rent in Leopold was $375, higher than Non-Metro Vic.'s figure of $335 but comparable to the national average of $375. Nationally, Leopold's mortgage repayments were significantly lower than the Australian average of $1,863.

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

Family households constitute 74.3% of all households, consisting of 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, which is 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's university qualification rate is 19.7%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 13.9%, followed by postgraduate qualifications (3.1%) and graduate diplomas (2.7%). Vocational credentials are prevalent, with 41.7% of residents aged 15+ holding them, including advanced diplomas (12.3%) and certificates (29.4%). Educational participation is high, with 27.3% of residents currently enrolled in formal education: 9.4% in primary, 7.3% in secondary, and 3.6% in tertiary education.

Educational participation is notably high, with 27.3% of residents currently enrolled in formal education. This includes 9.4% in primary education, 7.3% in secondary education, and 3.6% pursuing tertiary education.

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 transport services is deemed good, with residents typically residing 221 meters away from the nearest stop.

On average, there are 120 trips per day across all routes, which translates to 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 due to common conditions prevalent across various age groups. Approximately 50% (~7,173 people) have private health cover, which is lower than the national average of 55.3%. The most frequent medical issues are mental health problems (10.3%) and asthma (8.5%).

However, 63.6% report having no medical ailments, compared to 65.9% in the rest of Victoria. Leopold has a higher proportion of seniors aged 65 and over at 21.1% (3,056 people), compared to 16.8% in the rest of Victoria. Health outcomes among seniors generally align with those of the broader population.

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

Leopold's population shows low cultural diversity, with 86.1% born in Australia, 92.0% being citizens, and 93.1% speaking English only at home. Christianity is the predominant religion, practiced by 49.6%, compared to 47.4% regionally. The top three ancestry groups are English (30.7%), Australian (28.4%), and Irish (8.9%).

Notable differences exist in Dutch (Leopold: 2.7%, regional: 2.0%), Polish (Leopold: 0.9%, regional: 0.8%), and Scottish (Leopold: 8.8%, regional: 8.3%) ancestry representation.

Leopold's population is slightly older than the national pattern

The median age in Leopold is 40 years, which is slightly below the Rest of Vic.'s average of 43 but above Australia's median of 38. The 25-34 cohort makes up 13.2% of Leopold's population, notably higher than the Rest of Vic.'s average, while the 65-74 age group comprises 10.9%, lower than the average. Between the 2021 Census and now, the proportion of 25 to 34-year-olds has increased from 12.3% to 13.2%. Conversely, the percentage of 45 to 54-year-olds has decreased from 12.6% to 11.7%. By 2041, Leopold's population is projected to see significant growth in the 25-34 age cohort, with an increase of 1,120 people (58%), reaching a total of 3,041. The 75-84 age group is expected to grow modestly by 3%, adding 31 residents.