Templestowe

Templestowe is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

Based on AreaSearch's analysis, Templestowe's population is around 17,916 as of Feb 2026. This reflects an increase of 950 people (5.6%) since the 2021 Census, which reported a population of 16,966 people. The change is inferred from the estimated resident population of 17,467 from the ABS as of June 2024 and an additional 84 validated new addresses since the Census date. This population level equates to a density ratio of 1,111 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. Population growth for the area was primarily driven by overseas migration, which was essentially the sole driver of population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are also applied across all areas for years 2032 to 2041. Anticipating future population dynamics, a population increase just below the median of national statistical areas is expected, with the area expected to expand by 1,491 persons to 2041 based on the latest annual ERP population numbers, reflecting a gain of 5.8% in total over the 17 years.

Residential development activity is lower than average in Templestowe according to AreaSearch's national comparison of local real estate markets

Templestowe has recorded around 54 residential properties granted approval annually, with 271 homes approved over the past 5 financial years (between FY-21 and FY-25) and 22 so far in FY-26. With population declining over recent years, housing supply has remained adequate relative to demand, creating a well-balanced market with good buyer choice, while new properties are constructed at an average value of $593,000, demonstrating a developer focus on the premium segment with upmarket properties. Additionally, $17.3 million in commercial development approvals have been recorded this financial year, demonstrating moderate levels of commercial development.

Compared to Greater Melbourne, Templestowe has around half the rate of new dwelling approvals per person while it places among the 41st percentile of areas assessed nationally, meaning more limited choices for buyers and supporting demand for existing homes. This activity is likewise lower than nationally, reflecting market maturity and pointing to possible development constraints. New development consists of 32.0% detached dwellings and 68.0% medium and high-density housing. This focus on higher-density living creates more affordable entry points and suits downsizers, investors, and first-home buyers. This shows a considerable change from the current housing mix (currently 78.0% houses), reflecting reduced availability of development sites and addressing shifting lifestyle demands and affordability requirements. The location has approximately 406 people per dwelling approval, reflecting an established area.

Future projections show Templestowe adding 1,042 residents by 2041 (from the latest AreaSearch quarterly estimate). Based on current development patterns, new housing supply should readily meet demand, offering good conditions for buyers and potentially facilitating population growth beyond current projections.

Templestowe has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total 17 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include the Templestowe Route Upgrade, Ruffey Lake Park Pedestrian Trail, 1-15 Andersons Creek Road Mixed Use Development, and Eastern Freeway Upgrades, with the list below detailing those likely to be of 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.

Templestowe has seen below average employment performance when compared to national benchmarks

Templestowe possesses a highly educated workforce, with professional services showing strong representation, an unemployment rate of 4.1%, and 1.9% in estimated employment growth over the past year. As of December 2025, 8,730 residents are in work while the unemployment rate is 0.7% below Greater Melbourne's rate of 4.8%, and workforce participation lags significantly (62.5% compared to Greater Melbourne's 71.3%). Based on Census responses, a high 37.1% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

Leading employment industries among residents comprise health care & social assistance, professional & technical, and retail trade. The area has a particular employment specialization in professional & technical, with an employment share of 1.3 times the regional level. On the other hand, transport, postal & warehousing is under-represented, with only 3.1% of Templestowe's workforce compared to 5.2% in Greater Melbourne. The predominantly residential area appears to offer limited employment opportunities locally, as indicated by the count of Census working population vs resident population.

Based on AreaSearch analysis of SALM and ABS data, during the year to December 2025, employment levels increased by 1.9% and the labour force increased by 2.3%, causing the unemployment rate to rise by 0.4 percentage points. By comparison, Greater Melbourne recorded employment growth of 2.4%, labour force growth of 2.8%, with unemployment rising 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Templestowe. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Templestowe's employment mix suggests local employment should increase by 7.0% over five years and 14.1% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

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 FY-23 reveals that income in the Templestowe SA2 is extremely high nationally, with the median assessed at $53,887 while the average income stands at $92,864. This contrasts with Greater Melbourne's figures of a median income of $57,688 and an average income of $75,164. Based on Wage Price Index growth of 8.25% since FY-23, current estimates would be approximately $58,333 (median) and $100,525 (average) as of September 2025. From the 2021 Census, household income ranks at the 75th percentile ($2,163 weekly), while personal income sits at the 45th percentile. Income analysis reveals the $1,500 - 2,999 earnings band captures 28.2% of the community (5,052 individuals), consistent with broader trends across the region showing 32.8% in the same category. The substantial proportion of high earners (35.6% above $3,000/week) indicates strong economic capacity throughout Templestowe. Housing accounts for 14.0% of income while strong earnings rank residents within the 78th percentile for disposable income and the area's SEIFA income ranking places it in the 9th decile.

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

Dwelling structure within Templestowe, as evaluated at the latest Census, comprised 77.6% houses and 22.3% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Melbourne metro's 67.9% houses and 32.1% other dwellings. Meanwhile, the level of home ownership within Templestowe was well beyond that of Melbourne metro, at 48.8%, with the remainder of dwellings either mortgaged (36.7%) or rented (14.5%). The median monthly mortgage repayment in the area was well above the Melbourne metro average at $2,700, while the median weekly rent figure was recorded at $513, compared to Melbourne metro's $2,000 and $390. Nationally, Templestowe's mortgage repayments are significantly higher than the Australian average of $1,863, while rents are substantially above the national figure of $375.

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

Family households dominate at 81.9% of all households, comprising 42.7% couples with children, 29.1% couples without children, and 9.2% single parent families. Non-family households make up the remaining 18.1%, with lone person households at 16.9% and group households comprising 1.3% of the total. The median household size of 2.8 people is larger than the Greater Melbourne average of 2.6.

Templestowe shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Educational attainment in Templestowe significantly surpasses broader benchmarks, with 42.7% of residents aged 15+ holding university qualifications compared to 30.4% in Australia and 33.4% in VIC. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 28.3%, followed by postgraduate qualifications (11.2%) and graduate diplomas (3.2%). Vocational pathways account for 22.7% of qualifications among those aged 15+ – advanced diplomas (10.7%) and certificates (12.0%).

Educational participation is notably high, with 27.7% of residents currently enrolled in formal education. This includes 8.6% in primary education, 7.9% in secondary 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

Public transport analysis reveals 109 active transport stops operating within Templestowe, comprising a mix of buses. These stops are serviced by 21 individual routes, collectively providing 3,696 weekly passenger trips. Transport accessibility is rated as good, with residents typically located 219 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 91%, with 5% by bus. Vehicle ownership averages 1.8 per dwelling, which is above the regional average. A high 37.1% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 528 trips per day across all routes, equating to approximately 33 weekly trips per individual stop. The accompanying map shows the 100 nearest stops to the location centrepoint.

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

Templestowe demonstrates above-average health outcomes, based on AreaSearch's assessment of mortality rates and chronic condition prevalence. Both young and old age cohorts see low prevalence of common health conditions, and the rate of private health cover is exceptionally high at approximately 67% of the total population (11,967 people). This compares to 56.7% across Greater Melbourne and a national average of 55.7%.

The most common medical conditions in the area are arthritis and mental health issues, impacting 7.5% and 5.4% of residents, respectively, while 72.0% declared themselves as completely clear of medical ailments compared to 72.6% across Greater Melbourne. The area has 25.6% of residents aged 65 and over (4,593 people), which is higher than the 15.1% in Greater Melbourne. Health outcomes among seniors are above average, with national rankings broadly in line with the general population.

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

Templestowe scores highly on cultural diversity, with 43.8% of its population born overseas and 46.6% speaking a language other than English at home. The main religion in Templestowe is Christianity, which makes up 51.9% of the population. However, the most apparent overrepresentation is in Judaism, which comprises 0.4% of the population, compared to 1.0% across Greater Melbourne.

In terms of ancestry (country of birth of parents), the top three represented groups in Templestowe are Chinese, comprising 19.7% of the population, which is substantially higher than the regional average of 6.5%; English, comprising 15.0% of the population, which is notably lower than the regional average of 20.1%; and Australian, comprising 13.4% of the population. Additionally, there are notable divergences in the representation of other ethnic groups: Greek is overrepresented at 7.8% of Templestowe (vs 2.7% regionally), Italian at 9.4% (vs 5.2%), and Macedonian at 0.9% (vs 0.7%).

Templestowe hosts an older demographic, ranking in the top quartile nationwide

The 46-year median age in Templestowe is notably higher than Greater Melbourne's average of 37 and similarly well above the Australian median of 38. Compared to the Greater Melbourne average, the 75 - 84 cohort is notably over-represented (9.3% locally), while 25 - 34 year-olds are under-represented (8.2%). Since the 2021 Census, the 5 to 14 age group has grown from 11.2% to 12.7% of the population. Conversely, the 25 to 34 cohort has declined from 9.3% to 8.2% and the 55 to 64 group dropped from 14.5% to 13.4%. Population forecasts for 2041 indicate substantial demographic changes for Templestowe. The 85+ age cohort is projected to grow significantly, expanding by 534 people (69%) from 779 to 1,314. The aging population dynamic is clear, with those 65+ comprising 69% of projected growth. Conversely, the 0 to 4 and 55 to 64 cohorts are expected to experience population declines.