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, as of February 2026, is approximately 17,916. This figure represents an increase of 950 people from the 2021 Census, which reported a population of 16,966. The change was inferred from the estimated resident population of 17,467 in June 2024 and an additional 84 validated new addresses since the Census date. This results in a population density ratio of 1,111 persons per square kilometer, which is relatively consistent with averages seen across other locations assessed by AreaSearch. Overseas migration was the primary driver of population growth 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 released in 2023, adjusted using weighted aggregation from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Templestowe is expected to increase by approximately 1,491 persons based on the latest annual ERP population numbers, reflecting a total gain of around 5.8% over the 17-year period.

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 a further 20 approved so far in FY26. The population has declined in recent years, yet housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice.

New properties are constructed at an average expected cost of $593,000, indicating a focus on the premium segment. This year, Templestowe has recorded $17.3 million in commercial development approvals, demonstrating moderate levels of commercial development compared to Greater Melbourne. Templestowe has about half the rate of new dwelling approvals per person and ranks among the 41st percentile nationally for buyer choices, supporting demand for existing homes due to its market maturity and potential development constraints. New development consists of 32.0% detached dwellings and 68.0% medium and high-density housing, creating more affordable entry points for downsizers, investors, and first-home buyers. This shift reflects reduced availability of development sites and changing lifestyle demands and affordability requirements, differing from the current housing mix of 78.0% houses. Templestowe has approximately 406 people per dwelling approval, indicating an established area.

Future projections estimate Templestowe to add 1,042 residents by 2041. Based on current development patterns, new housing supply should 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

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 17 projects likely to impact the area. Notable projects include 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 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.

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

Templestowe has a highly educated workforce with professional services well represented. The unemployment rate was 3.9% in the past year. Employment grew by an estimated 2.3%.

As of September 2025, 8,708 residents are employed while the unemployment rate is 0.7% lower than Greater Melbourne's rate of 4.7%. Workforce participation is at 62.2%, compared to Greater Melbourne's 71.0%. According to Census responses, 37.1% of residents work from home. Leading employment industries are health care & social assistance, professional & technical, and retail trade.

Templestowe specializes in professional & technical jobs, with an employment share 1.3 times the regional level. However, transport, postal & warehousing is under-represented at 3.1% compared to Greater Melbourne's 5.2%. The area appears to offer limited local employment opportunities based on Census data. Between September 2024 and September 2025, employment levels increased by 2.3%, while labour force grew by 2.3%, keeping the unemployment rate stable. In comparison, Greater Melbourne recorded employment growth of 3.0% and labour force growth of 3.3%, with unemployment rising to 5.0%. 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 increase by 7.0% over five years and 14.1% over ten years, based on simple weighting extrapolation for illustrative purposes only.

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 ending June 2023 shows median income in Templestowe SA2 is $53,887 and average income is $92,864. This compares to Greater Melbourne's median of $57,688 and average of $75,164. Based on Wage Price Index growth of 8.25% between July 2023 and September 2025, estimated incomes would be approximately $58,333 (median) and $100,525 (average). The 2021 Census data ranks Templestowe's household income at the 75th percentile ($2,163 weekly) and personal income at the 45th percentile. Income analysis reveals that 28.2% of residents earn between $1,500 - 2,999 weekly (5,052 individuals), consistent with broader regional trends. Notably, 35.6% of Templestowe residents earn above $3,000/week, indicating strong economic capacity. Housing expenses account for 14.0% of income, and the area ranks at the 78th percentile for disposable income. The SEIFA income ranking places Templestowe in the 9th decile.

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

In Templestowe, as per the latest Census evaluation, 77.6% of dwellings were houses while 22.3% consisted of other types such as semi-detached homes, apartments, and 'other' dwellings. This compares with Melbourne metropolitan area's figures of 67.9% houses and 32.1% other dwellings. Home ownership in Templestowe stood at 48.8%, with mortgaged properties accounting for 36.7% and rented dwellings making up the remaining 14.5%. The median monthly mortgage repayment in Templestowe was $2,700, exceeding Melbourne metro's average of $2,000. Meanwhile, the median weekly rent figure in Templestowe was $513 compared to Melbourne metro's $390. Nationally, Templestowe's median monthly mortgage repayments were significantly higher than the Australian average of $1,863, while median weekly 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 account for 81.9% of all households, consisting of 42.7% couples with children, 29.1% couples without children, and 9.2% single parent families. Non-family households constitute the remaining 18.1%, with lone person households at 16.9% and group households making up 1.3% of the total. 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 and above, 42.7% have university qualifications compared to Australia's 30.4% and Victoria's 33.4%. The area's highest qualification type is bachelor degrees 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 good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Templestowe has 109 active public transport stops, all of which are bus stops. These stops are served by 21 different routes that together facilitate 3,696 weekly passenger trips. The area's transport accessibility is deemed good, with residents typically located 219 metres from the nearest stop. As a predominantly residential zone, most commuters travel outward. Cars remain the primary mode of transport at 91%, while buses account for 5%. On average, there are 1.8 vehicles per dwelling, higher than the regional norm.

According to the 2021 Census, 37.1% of residents work from home, which may be influenced by COVID-19 conditions. Daily service frequency averages 528 trips across all routes, translating to approximately 33 weekly trips per individual stop. The accompanying map displays the 100 nearest stops to the location's 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 shows better-than-average health outcomes based on AreaSearch's assessment of mortality rates and chronic condition prevalence. Both younger and older age groups have low prevalence of common health conditions. Private health cover is exceptionally high at approximately 67% of the total population (11,967 people), compared to 56.7% across Greater Melbourne and 55.7% nationally.

The most prevalent medical conditions are arthritis (7.5%) and mental health issues (5.4%). 72.0% of residents report no medical ailments, similar to the 72.6% in Greater Melbourne. The area has a higher proportion of seniors aged 65 and over at 25.6% (4,593 people), compared to 15.1% in Greater Melbourne. Health outcomes among seniors are above average, aligning with national rankings for 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 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. The predominant religion in Templestowe is Christianity, accounting for 51.9% of the population. However, Judaism is overrepresented compared to Greater Melbourne, comprising 0.4% versus 1.0%.

The top three ancestry groups 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 2.7% and 5.2%, respectively. Additionally, Macedonian ethnicity is slightly overrepresented at 0.9%.

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

The median age in Templestowe is 46 years, notably higher than Greater Melbourne's average of 37 years and also above Australia's median of 38 years. Compared to Greater Melbourne, the 75-84 age cohort is significantly over-represented in Templestowe at 9.3%, while the 25-34 age group is under-represented at 8.2%. Between the 2021 Census and present, the 5-14 age group has increased from 11.2% to 12.7% of the population. Conversely, the 25-34 age cohort has decreased from 9.3% to 8.2%, and the 55-64 age group has dropped from 14.5% to 13.4%. Population forecasts for Templestowe in 2041 indicate substantial demographic shifts, with the 85+ age cohort projected to grow significantly by 534 people (69%), from 779 to 1,314. The aging population trend is evident, with those aged 65 and above comprising 69% of the projected growth. Conversely, the 0-4 and 55-64 age cohorts are expected to experience population declines.