Taylors Lakes
Statistical Area - sa2

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

As of Aug 2025, Taylors Lakes's population is approximately 17,005. This figure represents an increase of 95 people since the 2021 Census, which reported a population of 16,910. The change is inferred from ABS data: the estimated resident population was 16,999 as of June 2024 and there were 19 validated new addresses since the Census date. This results in a population density ratio of 921 persons per square kilometer, comparable to averages seen across locations assessed by AreaSearch. Taylors Lakes's growth rate of 0.6% since census is within 1.6 percentage points of the SA3 area (2.2%), indicating competitive growth fundamentals. Overseas migration contributed approximately 70.6% of overall population gains during recent periods.

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 employs VIC State Government's Regional/LGA projections from 2023, adjusting using a weighted aggregation method to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Taylors Lakes is expected to grow by approximately 662 persons, based on the latest population numbers, recording a gain of around 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. Development approval data is sourced from the ABS on a financial year basis, totalling 228 approvals over the past five financial years, from FY-21 to FY-25, with 5 approvals recorded so far in FY-26. Despite population decline in the area, development activity has been adequate relative to other regions. New homes are being built at an average expected construction cost of $591,000, which is somewhat higher than regional norms, reflecting quality-focused development.

In the current financial year, $32.6 million worth of commercial approvals have been registered, indicating robust local business investment. Compared to Greater Melbourne, Taylors Lakes has 11.0% less new development per person and ranks among the 28th percentile nationally in terms of development activity, resulting in relatively constrained buyer choice and supporting interest in existing dwellings. Recent construction comprises 92.0% detached dwellings and 8.0% medium to high-density housing, 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.

Looking ahead, Taylors Lakes is projected to grow by 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 strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Infrastructure changes significantly influence an area's performance. AreaSearch has identified 37 projects likely impacting the region. Notable projects include Taylors Quarter, Cobblebank Community Services Hub, Sunshine Avenue Intersection Upgrades, and Melton Highway Infill Duplication. The following list details those expected to be most relevant.

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

AreaSearch analysis reveals Taylors Lakes significantly outperforming the majority of regions assessed nationwide

Taylors Lakes has a skilled workforce with diverse sector representation. Its unemployment rate was 2.6% in the past year.

Employment grew by an estimated 5.4% during this period. As of June 2025, 10,610 residents are employed, with an unemployment rate of 2.0%, which is below Greater Melbourne's rate of 4.6%. Workforce participation in Taylors Lakes is on par with Greater Melbourne at 64.1%. Leading employment industries among residents include construction, retail trade, and health care & social assistance.

However, transport, postal & warehousing has particularly notable concentration, with employment levels at 1.7 times the regional average. Conversely, health care & social assistance is under-represented, with only 10.5% of Taylors Lakes's workforce compared to 14.2% in Greater Melbourne. The area may offer limited local employment opportunities, as indicated by Census data comparing working population and resident population. Over the past year, employment increased by 5.4%, while labour force grew by 5.8%, leading to a rise in unemployment rate of 0.4 percentage points. In contrast, Greater Melbourne experienced employment growth of 3.5% and labour force growth of 4.0%, with an increase in unemployment rate of 0.5 percentage points. State-level data from Sep-25 shows VIC employment grew by 1.08% year-on-year, adding 39,880 jobs, with the state unemployment rate at 4.7%. National employment forecasts from Jobs and Skills Australia indicate growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Taylors Lakes's employment mix suggests local growth of approximately 6.1% over five years and 12.7% over ten years, based on simple weighting extrapolation for illustrative purposes.

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

Taylors Lakes had a median taxpayer income of $52,579 and an average income of $64,269 in the financial year 2022, according to postcode level ATO data aggregated by AreaSearch. These figures align with national averages but differ from Greater Melbourne's median income of $54,892 and average income of $73,761. By March 2025, estimates suggest the median income will be approximately $57,895 and the average income around $70,767, based on a 10.11% growth in wages since financial year 2022. In 2021 Census figures, household income ranked at the 76th percentile ($2,167 weekly) while personal income was at the 40th percentile. The earnings profile showed that 30.8% of locals (5,237 people) fell into the $1,500 - 2,999 category, similar to broader regional trends where 32.8% were in this category. Economic strength was evident with 33.1% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. After housing costs, residents retained 90.8% of their income, indicating strong purchasing power. The area's SEIFA income ranking placed it in the 6th decile.

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

In Taylors Lakes, as per the latest Census, 90.4% of dwellings were houses with the remaining 9.6% being semi-detached, apartments, or other types. This compares to Melbourne metro's figures of 81.3% houses and 18.7% other dwellings. Home ownership in Taylors Lakes stood at 52.2%, with mortgaged properties 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 but lower than the national average of $1,863. The median weekly rent in Taylors Lakes was $412, compared to Melbourne metro's $346 and 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 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 prevalent at 18.1%, followed by postgraduate qualifications (4.3%) and graduate diplomas (2.3%). Vocational credentials are also common, with 29.9% of residents aged 15+ holding such qualifications - 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. The four schools in Taylors Lakes have a combined enrollment of 2,650 students. The area demonstrates typical Australian school conditions with balanced educational opportunities (ICSEA: 1022). The educational mix includes one primary, two secondary, and one K-12 school. Note: where schools show 'n/a' for enrolments please refer to the parent campus.

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 routes, collectively facilitating 7,996 weekly passenger trips. Transport accessibility is rated good, with residents typically located 250 meters from the nearest stop.

Service frequency averages 1,142 trips per day across all routes, equating to approximately 106 weekly trips per individual 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 residents, with low prevalence of common conditions. Approximately 52% (~8,825 people) have private health cover, higher than Greater Melbourne's 48.1%.

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

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

Taylors Lakes has a high 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, accounting for 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, Italians are overrepresented compared to the regional average of 5.0%. Additionally, Maltese (6.4%) Croatian (4.3%), and Macedonian (3.9%) populations are also notably higher than their respective regional averages of 4.6%, 2.2%, and 2.5%.

Taylors Lakes hosts an older demographic, ranking in the top quartile nationwide

The median age in Taylors Lakes is 45 years, 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 considerably higher than the national average of 11.2%. According to the 2021 Census, the proportion of residents aged 65-74 has increased from 11.0% to 13.1%, while those aged 75-84 have risen from 4.7% to 6.5%. Conversely, the proportion of residents aged 45-54 has decreased from 15.4% to 12.9%. By 2041, demographic projections indicate significant shifts in Taylors Lakes' age structure. The 75-84 age group is expected to grow by 60%, reaching 1,779 people from the current 1,110. Notably, all population growth will be accounted for by residents aged 65 and above, reflecting the area's aging demographic profile. In contrast, both the 55-64 and 0-4 age groups are projected to decrease in number.