Taylors Lakes

Taylors Lakes has shown very soft population growth performance across periods assessed by AreaSearch

Taylors Lakes' population is approximately 17,005 as of November 2025. This figure reflects an increase of 95 people since the 2021 Census, which reported a population of 16,910. The change is inferred from ABS estimates showing an ERP of 16,999 in June 2024 and an additional 19 validated new addresses since the Census date. This results in a density ratio of 921 persons per square kilometer, comparable to averages seen across other locations assessed by AreaSearch. Taylors Lakes' growth rate of 0.6% since the census places it within 2.0 percentage points of its SA3 area's growth rate of 2.6%, indicating competitive fundamentals. Overseas migration contributed approximately 70.6% of overall population gains during recent periods, driving primary growth in the area.

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, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023, adjusting using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population trends anticipate lower quartile growth, with the area expected to grow by 662 persons to 2041 based on latest annual ERP population numbers, reflecting a total gain of 3.9% over the 17-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Taylors Lakes, placing the area among the bottom 25% of areas assessed nationally

Taylors Lakes has averaged approximately 45 new dwelling approvals annually over the past five financial years, totalling 228 homes. In FY26 so far, 9 approvals have been recorded. Despite a decrease in population, housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice. New properties are constructed at an average value of $433,000, slightly above the regional average, indicating a focus on quality developments.

There have been $32.6 million in commercial approvals this financial year, reflecting high levels of local commercial activity. Compared to Greater Melbourne, Taylors Lakes has 11.0% less new development per person and ranks among the 27th percentile nationally, leading to relatively constrained buyer choice and supporting interest in existing dwellings. This is lower than national averages, suggesting market maturity and possible development constraints. New development consists of 92.0% detached dwellings and 8.0% townhouses or apartments, preserving the area's low density nature and attracting space-seeking buyers.

The estimated population per dwelling approval is 640 people, reflecting its quiet, low activity development environment. Future projections estimate Taylors Lakes to add 656 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Taylors Lakes 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 40 projects likely to impact the region. Notable projects include Taylors Quarter, Cobblebank Community Services Hub, Sunshine Avenue Intersection Upgrades, and Melton Highway Infill Duplication. The following list details projects most relevant to the area.

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

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Employment conditions in Taylors Lakes demonstrate exceptional strength compared to most Australian markets

Taylors Lakes has a skilled workforce with diverse sector representation. As of September 2025, the unemployment rate is 2.7%, with an estimated employment growth of 4.9% over the past year.

This figure is below Greater Melbourne's rate of 4.7%. Workforce participation in Taylors Lakes is on par with Greater Melbourne's 64.1%. Leading employment industries include construction, retail trade, and health care & social assistance. Notably, transport, postal & warehousing has a high concentration with employment levels at 1.7 times the regional average.

However, health care & social assistance has limited presence, with 10.5% employment compared to 14.2% regionally. The area may offer limited local employment opportunities as indicated by Census data comparing working population to resident population. In the past year, employment increased by 4.9%, while labour force grew by 5.3%, resulting in a rise of 0.4 percentage points in unemployment rate. This contrasts with Greater Melbourne where employment rose by 3.0% and unemployment rose by 0.3 percentage points. State-level data to 25-Nov shows VIC employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. Jobs and Skills Australia's national employment forecasts from May-25 project an increase of 6.6% over five years and 13.7% over ten years nationally. Applying these projections to Taylors Lakes's employment mix suggests local employment should increase by 6.1% over five years and 12.7% over ten years, though these are simple weighting extrapolations for illustrative purposes only.

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

In AreaSearch's latest postcode level ATO data for financial year 2022, Taylors Lakes SA2 had a median taxpayer income of $52,579 and an average income of $64,269. These figures align with national averages. Compared to Greater Melbourne, which had a median income of $54,892 and an average of $73,761. Considering the Wage Price Index growth of 12.16% since financial year 2022, estimated incomes as of September 2025 would be approximately $58,973 (median) and $72,084 (average). According to Census 2021 income data, household income ranks at the 76th percentile ($2,167 weekly), while personal income is at the 40th percentile. Income distribution shows that 30.8% of the population (5,237 individuals) fall within the $1,500 - $2,999 range, similar to the broader area's pattern of 32.8%. Economic strength is evident with 33.1% of households earning high weekly incomes exceeding $3,000, supporting increased consumer spending. After housing costs, residents retain 90.8% of their income, indicating strong purchasing power. The area's SEIFA income ranking places it in the 6th decile.

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

The dwelling structure in Taylors Lakes, as per the latest Census, consisted of 90.4% houses and 9.6% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 81.3% houses and 18.7% other dwellings. Home ownership in Taylors Lakes was at 52.2%, with mortgaged dwellings at 37.4% and rented ones at 10.4%. The median monthly mortgage repayment was $1,820, higher than Melbourne metro's average of $1,700. The median weekly rent figure was $412, compared to Melbourne metro's $346. Nationally, Taylors Lakes' mortgage repayments were lower than the Australian average of $1,863, while rents exceeded the national figure of $375.

Taylors Lakes features high concentrations of family households, with a higher-than-average median household size

Family households constitute 85.5% of all households, including 47.2% couples with children, 26.8% couples without children, and 10.7% single parent families. Non-family households account for the remaining 14.5%, with lone person households at 13.3% and group households comprising 1.2%. The median household size is 3.0 people, larger than the Greater Melbourne average of 2.9.

Taylors Lakes shows below-average educational performance compared to national benchmarks, though pockets of achievement exist

The area's university qualification rate is 24.7%, significantly lower than Greater Melbourne's average of 37.0%. Bachelor degrees are the most common at 18.1%, followed by postgraduate qualifications (4.3%) and graduate diplomas (2.3%). Vocational credentials are held by 29.9% of residents aged 15 and above, with advanced diplomas at 10.4% and certificates at 19.5%. Educational participation is high, with 26.7% of residents currently enrolled in formal education.

This includes 8.9% in secondary education, 7.1% in primary education, and 6.3% pursuing tertiary education.

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

Transport analysis shows 75 active stops in Taylors Lakes offering a mix of train and bus services. These stops are served by 20 individual routes, providing 7,996 weekly passenger trips combined. Transport accessibility is rated as good, with residents typically located about 250 meters from the nearest stop.

Service frequency averages 1,142 trips per day across all routes, equating to roughly 106 weekly trips per stop.

The level of general health in Taylors Lakes is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Taylors Lakes shows superior health outcomes for both young and elderly populations, with low prevalence rates of common conditions. It has a private health cover rate of approximately 52%, slightly higher than the average SA2 area (48.1%) across Greater Melbourne.

The most prevalent medical conditions are arthritis (7.5% of residents) and asthma (6.4%). A total of 72.5% of residents report no medical ailments, compared to 73.5% in Greater Melbourne. The area has a higher proportion of seniors aged 65 and over (21.8%, or 3,712 people), compared to Greater Melbourne's 17.9%. Health outcomes among seniors are above average, mirroring the general population's health profile.

Taylors Lakes 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

Taylors Lakes has a high level of cultural diversity, with 33.4% of its population born overseas and 39.5% speaking a language other than English at home. Christianity is the predominant religion in Taylors Lakes, making up 71.3% of people, compared to 51.4% across Greater Melbourne. The top three ancestry groups are Australian (14.5%), Italian (14.3%), and Other (12.8%).

Notably, Italian ancestry is substantially higher than the regional average of 5.0%, while Other ancestry is lower than the regional average of 19.8%. There are also notable divergences in the representation of Maltese (6.4% vs regional 4.6%), Croatian (4.3% vs regional 2.2%), and Macedonian (3.9% vs regional 2.5%) ethnic groups.

Taylors Lakes hosts a notably older demographic compared to the national average

The median age in Taylors Lakes is 45 years, which is significantly higher than Greater Melbourne's average of 37 years and Australia's national average of 38 years. Compared to Greater Melbourne, Taylors Lakes has a higher proportion of residents aged 55-64 (17.6%) but fewer residents aged 35-44 (9.5%). This concentration of the 55-64 age group is well above the national average of 11.2%. According to the 2021 Census, the proportion of residents aged 65 to 74 has grown from 11.0% to 13.1%, while those aged 75 to 84 increased from 4.7% to 6.5%. Conversely, the proportion of residents aged 45 to 54 has declined from 15.4% to 12.9%. By 2041, demographic projections indicate significant shifts in Taylors Lakes's age structure. The 75 to 84 age group is expected to grow by 60%, reaching 1,779 people from the current figure of 1,110. Notably, all population growth will be accounted for by those aged 65 and above, reflecting the area's aging demographic profile. In contrast, both the 55-64 age group and the 0-4 age group are projected to decrease in numbers.