Taylors Lakes

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

Taylors Lakes' population is approximately 17,008 as of February 2026. This figure represents an increase of 98 people since the 2021 Census, which reported a population of 16,910. The change was inferred from the estimated resident population of 16,999 in June 2024 and an additional 19 validated new addresses since the Census date. This results in a population density ratio of 921 persons per square kilometer, which is 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 growth fundamentals. Overseas migration contributed approximately 70.6% of overall population gains in 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 the VIC State Government's Regional/LGA projections from 2023, adjusted using a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population trends indicate an increase just below the national median statistical area's median, with Taylors Lakes expected to grow by 662 persons to 2041 based on the latest annual ERP population numbers, reflecting a total gain of 3.8% 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 averaged approximately 45 new dwelling approvals annually over the past five financial years, totalling 228 homes. As of FY-26, 9 approvals have been recorded. Despite population decline during this period, housing supply has remained adequate relative to demand, resulting in a balanced market with varied buyer choices. The average construction cost of new properties is $433,000, slightly above the regional average, indicating focus on quality developments.

This financial year has seen $32.6 million in commercial approvals, reflecting high local commercial activity. Compared to Greater Melbourne, Taylors Lakes has 11.0% less new development per person and ranks at the 27th percentile nationally, leading to relatively constrained buyer choice and supporting interest in existing dwellings. 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.

By 2041, Taylors Lakes is projected to add 653 residents (AreaSearch quarterly estimate). At current development rates, new housing supply should comfortably meet demand, offering favourable conditions for buyers and potentially supporting population growth beyond current projections.

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

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 41 projects likely impacting this area. Notable projects include Taylors Quarter, Cobblebank Community Services Hub, Sunshine Avenue Intersection Upgrades, and Melton Highway Infill Duplication. The following details those most relevant.

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.

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

Taylors Lakes has a skilled workforce with diverse sector representation. The unemployment rate was 2.7% as of September 2025, which is 1.9% lower than Greater Melbourne's rate of 4.7%. Employment growth over the past year was estimated at 4.9%.

There were 10,357 residents in work, with workforce participation similar to Greater Melbourne's 71.0%. A high proportion of residents, 25.7%, worked from home according to Census responses. Leading employment industries include construction, retail trade, and health care & social assistance. The area has a notable concentration in transport, postal & warehousing, 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. Employment opportunities may be limited locally as indicated by the count of Census working population vs resident population. Over a 12-month period ending in September 2025, employment increased by 4.9%, while labour force grew by 5.3%, causing the unemployment rate to rise by 0.4 percentage points. In contrast, Greater Melbourne saw employment rise by 3.0%, labour force grow by 3.3%, and unemployment rise by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Taylors Lakes' employment should increase by 6.1% over five years and 12.7% over ten years, based on industry-specific projections applied to the local employment mix.

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 Taylors Lakes SA2 had a median income of $56,366 and an average income of $67,482. These figures are in line with national averages. Greater Melbourne's median income was $57,688 with an average of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, estimated incomes for September 2025 would be approximately $61,016 (median) and $73,049 (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 Taylors Lakes' population falls within the $1,500 - $2,999 range (5,238 individuals). This pattern mirrors the broader area where 32.8% occupy this income range. Economic strength is evident with 33.1% of households earning high weekly incomes exceeding $3,000, supporting elevated consumer spending. After housing costs, residents retain 90.8% of their income, reflecting 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

Taylors Lakes' dwelling structure, as per the latest Census, consisted of 90.4% houses and 9.6% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Melbourne metro had 67.9% houses and 32.1% other dwellings. Home ownership in Taylors Lakes was higher at 52.2%, with mortgaged dwellings at 37.4% and rented ones at 10.4%. The median monthly mortgage repayment was $1,820, lower than Melbourne metro's $2,000. Median weekly rent in Taylors Lakes was $412, higher than Melbourne metro's $390 but lower than the national average of $375 for rents and $1,863 for mortgage repayments.

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

Family households account for 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 make up the remaining 14.5%, consisting of 13.3% lone person households and 1.2% group households. The median household size is 3.0 people, which is larger than the Greater Melbourne average of 2.6.

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 prevalent, with 29.9% of residents aged 15+ holding them, including advanced diplomas (10.4%) and certificates (19.5%). Educational participation is high at 26.7%, with 8.9% in secondary education, 7.1% in primary education, and 6.3% pursuing tertiary education.

Educational participation is notably 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 good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Taylors Lakes has 75 active public transport stops offering a mix of train and bus services. These stops are served by 20 different routes, facilitating 5862 weekly passenger trips in total. Transport accessibility is rated as good with residents typically residing within 250 meters of the nearest stop. Primarily residential, most commuters travel outward using cars, which remain dominant at 93%. Vehicle ownership averages 2.0 per dwelling, exceeding the regional average. According to the 2021 Census, a high 25.7% of residents work from home, possibly due to COVID-19 conditions.

Service frequency averages 837 trips daily across all routes, equating to roughly 78 weekly trips per individual stop.

Taylors Lakes's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions

AreaSearch's assessment shows Taylors Lakes has excellent health outcomes, with younger cohorts having very low prevalence of common conditions. Private health cover stands at approximately 53%, compared to Melbourne's 56.7%.

The most prevalent medical conditions are arthritis (7.5%) and asthma (6.4%). About 72.5% of residents report no medical ailments, similar to Greater Melbourne's 72.6%. Health outcomes for those under 65 are better than average. Taylors Lakes has a higher proportion of seniors aged 65 and over (23.3%, or 3,964 people), compared to Greater Melbourne's 15.1%. Senior health outcomes are above average but rank lower nationally than the broader population.

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, accounting for 71.3% of its population, compared to 43.0% across Greater Melbourne. The top three ancestry groups in Taylors Lakes are Australian (14.5%), Italian (14.3%), and Other (12.8%).

Notably, Maltese (6.4%) and Croatian (4.3%) populations are significantly higher than the regional averages of 1.1% and 0.7%, respectively. Additionally, Macedonian ancestry is also notably higher at 3.9%.

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 average of 38 years. Compared to Greater Melbourne, Taylors Lakes has a higher percentage of residents aged 55-64 (17.3%) but fewer residents aged 35-44 (9.5%). This concentration of 55-64 year-olds is well above the national average of 11.2%. According to the 2021 Census, the percentage of residents aged 65-74 has grown from 11.0% to 13.9%, while the percentage of those aged 75-84 has increased from 4.7% to 7.0%. Conversely, the percentage of residents aged 45-54 has declined from 15.4% to 12.5%. By 2041, demographic projections indicate significant shifts in Taylors Lakes' age structure. The 75-84 age group is projected to grow by 50%, reaching 1,779 people from 1,187. Notably, the combined age groups of 65 and above will account for 100% of total population growth, reflecting the area's aging demographic profile. In contrast, both the 55-64 and 0-4 age groups are projected to see reduced numbers.