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

Templestowe's population was around 17,560 as of November 2025. This showed an increase of 594 people, a 3.5% rise from the 2021 Census figure of 16,966. The change was inferred from ABS estimated resident population data of 17,471 in June 2024 and validated new addresses since then. This resulted in a density ratio of 1,089 persons per square kilometer, comparable to averages across locations assessed by AreaSearch. Overseas migration was the primary driver for this growth.

AreaSearch uses ABS/Geoscience Australia projections released in 2024 with a base year of 2022 for each SA2 area. For areas not covered, they utilise VIC State Government's Regional/LGA projections from 2023 with adjustments made via weighted aggregation to SA2 levels. Growth rates by age group are applied across all areas until 2041. Future population trends suggest a median increase, with Templestowe expected to grow by 1,491 persons by 2041, reflecting an 8.0% gain over the 17 years based on latest annual ERP population numbers.

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

Templestowe has recorded approximately 54 residential properties granted approval annually. Over the past five financial years, from FY21 to FY25271 homes have been approved, with an additional 18 approved so far in FY26. Despite a recent population decline, housing supply has remained adequate relative to demand, resulting in a well-balanced market with good buyer choice.

New properties are constructed at an average value of $593,000, indicating a focus on the premium segment with upmarket properties. This year, $17.3 million in commercial development approvals have been recorded, demonstrating moderate levels of commercial development. Compared to Greater Melbourne, Templestowe has roughly half the rate of new dwelling approvals per person and ranks among the 41st percentile nationally, offering more limited choices for buyers and supporting demand for existing homes. New development consists of 32% detached dwellings and 68% medium and high-density housing, creating more affordable entry points and suiting downsizers, investors, and first-home buyers. This is a significant change from the current housing mix, which is 78% houses, reflecting reduced availability of development sites and addressing shifting lifestyle demands and affordability requirements. The location has approximately 406 people per dwelling approval, indicating an established area.

Future projections estimate Templestowe to add 1,398 residents by 2041 based on the latest AreaSearch quarterly estimate. Given current development patterns, new housing supply is expected to 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

The performance of an area can significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of seventeen projects that are expected to impact the area. Notable among these are the Templestowe Route Upgrade, Ruffey Lake Park Pedestrian Trail, 1-15 Andersons Creek Road Mixed Use Development, and Eastern Freeway Upgrades. The following list details those projects considered most relevant.

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

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

Templestowe has a highly educated workforce with professional services well represented. Its unemployment rate is 3.9%, lower than Greater Melbourne's 4.7%.

Employment growth over the past year was estimated at 2.3%. As of September 2025, 8,708 residents are employed and the unemployment rate is 0.7% below Greater Melbourne's figure, but workforce participation lags at 56.8%. Leading employment industries include health care & social assistance, professional & technical services, and retail trade. Templestowe specializes in professional & technical jobs with an employment share of 1.3 times the regional level, while transport, postal & warehousing is under-represented at 3.1% compared to Greater Melbourne's 5.2%.

Employment opportunities locally may be limited as indicated by Census data on working population versus resident population. Between September 2024 and September 2025, employment levels increased by 2.3%, while labour force grew by the same percentage, keeping unemployment relatively stable at 3.9%. Greater Melbourne recorded higher employment growth of 3.0% with a slight increase in unemployment to 5.0%. State-level data from November 25 shows Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with an unemployment rate of 4.7%, slightly higher than the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Templestowe's employment mix suggests local employment should grow by 7.0% over five years and 14.1% over ten years, assuming population projections remain constant for illustrative purposes.

The economic profile demonstrates above-average performance, with income metrics exceeding national benchmarks based on AreaSearch comparative assessment

AreaSearch's latest postcode level ATO data for financial year 2022 shows that Templestowe SA2 has high incomes nationally. The median income is $50,113 and the average is $87,583. This contrasts with Greater Melbourne's median of $54,892 and average of $73,761. Based on a 12.16% Wage Price Index growth since financial year 2022, current estimates would be approximately $56,207 (median) and $98,233 (average) as of September 2025. The 2021 Census shows Templestowe's household income ranks at the 75th percentile ($2,163 weekly), while personal income is at the 45th percentile. Income analysis reveals that 28.2% of residents earn between $1,500 and $2,999 (4,951 individuals). High earners make up 35.6% of the community, indicating strong economic capacity. Housing consumes 14.0% of income. Residents rank in the 78th percentile for disposable income. Templestowe'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

The dwelling structure in Templestowe, as per the latest Census, consisted of 77.6% houses and 22.3% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 67.1% houses and 32.9% other dwellings. Home ownership in Templestowe stood at 48.8%, with the remaining dwellings either mortgaged (36.7%) or rented (14.5%). The median monthly mortgage repayment in the area was $2,700, higher than Melbourne metro's average of $2,400. The median weekly rent figure in Templestowe was recorded at $513, compared to Melbourne metro's $462. Nationally, Templestowe's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

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

Family households constitute 81.9% of all households, including 42.7% couples with children, 29.1% couples without children, and 9.2% single parent families. Non-family households account for the remaining 18.1%, with lone person households at 16.9% and group households comprising 1.3%. The median household size is 2.8 people, 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

Templestowe's educational attainment is notably higher than national averages. Among residents aged 15+, 42.7% have university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the most common at 28.3%, followed by postgraduate qualifications (11.2%) and graduate diplomas (3.2%). Vocational pathways account for 22.7% of qualifications, with advanced diplomas at 10.7% and certificates at 12.0%.

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

Templestowe has 108 active public transport stops. All these stops are served by buses operating along 21 different routes. These routes collectively facilitate 7,385 weekly passenger trips.

The accessibility of public transport in Templestowe is rated as good, with residents typically located 219 meters from the nearest stop. On average, there are 1,055 trips per day across all routes, which translates to approximately 68 weekly trips per individual stop.

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 shows better-than-average health results, with both younger and older residents having a low prevalence of common health conditions. The private health insurance coverage rate is notably high at about 64% (11,203 people), compared to Greater Melbourne's 55.0% and the national average of 55.3%. Arthritis and mental health issues are the most prevalent medical conditions in Templestowe, affecting 7.5% and 5.4% of residents respectively.

About 72.0% of residents claim to be free from any medical ailments, compared to Greater Melbourne's 74.0%. The area has a higher proportion of seniors aged 65 and over at 25.0% (4,388 people), compared to Greater Melbourne's 22.8%. Health outcomes among seniors in Templestowe are above average, generally aligning with the overall population's health profile.

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 has a high level of cultural diversity, with 43.8% of its population born overseas and 46.6% speaking a language other than English at home. Christianity is the predominant religion in Templestowe, making up 51.9% of the population. Judaism, however, shows an overrepresentation compared to Greater Melbourne, comprising 0.4% versus 0.3%.

The top three ancestry groups based on country of birth of parents are Chinese (19.7%), English (15.0%), and Australian (13.4%). Notably, Greek (7.8%) and Italian (9.4%) ethnicities are overrepresented in Templestowe compared to the regional averages of 7.6% and 8.3%, respectively. Macedonian ethnicity also shows an increase from 0.7% regionally to 0.9% in Templestowe.

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

The median age in Templestowe is 46 years, which is higher than Greater Melbourne's average of 37 years and also above Australia's median age of 38 years. Compared to Greater Melbourne, Templestowe has a notably higher proportion of people aged 75-84 (9.1% locally) but a lower proportion of those aged 25-34 (8.5%). According to the 2021 Census, the population aged 5 to 14 years has increased from 11.2% to 12.5%, while the proportion of people aged 55 to 64 has decreased from 14.5% to 13.6%. Population forecasts for Templestowe in 2041 suggest significant demographic changes, with the age group of 85 years and above projected to grow by 599 people (an 84% increase) from 714 to 1,314 people. The aging population trend is evident, as those aged 65 and above are expected to comprise 71% of the total population growth. Conversely, the age groups of 0 to 4 years and 5 to 14 years are projected to experience population declines.