Templestowe
Statistical Area - sa2

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 approximately 17,560 as of November 2025. This figure represents an increase of 594 people since the 2021 Census, which reported a population of 16,966. The change is inferred from ABS data showing an estimated resident population of 17,471 in June 2024 and 91 validated new addresses added since the Census date. This results in a population density ratio of 1,089 persons per square kilometer. Population growth was primarily driven by overseas migration 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, AreaSearch utilises VIC State Government's Regional/LGA projections from 2023 with adjustments made using weighted aggregation methods. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population dynamics anticipate an increase just below the median of national statistical areas, with Templestowe expected to expand by 1,491 persons to 2041 based on latest numbers, recording an 8.0% total gain 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 approximately 54 residential properties granted approval annually. Over the past five financial years, from FY21 to FY25, a total of 271 homes have been approved, with an additional 15 approved so far in FY26. Despite recent population decline, housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice.

New properties are constructed at an average cost of $593,000, indicating a focus on the premium segment. This year, Templestowe has recorded $17.3 million in commercial development approvals, reflecting 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. This lower activity reflects market maturity and possible development constraints. Current development consists of 32% detached dwellings and 68% medium to high-density housing, creating more affordable entry points and suiting downsizers, investors, and first-home buyers. This shift from the current housing mix (78% houses) is due to reduced availability of development sites and changing lifestyle demands.

Templestowe has approximately 406 people per dwelling approval, reflecting an established area. Future projections indicate Templestowe adding 1,398 residents by 2041. 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 very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 17 projects that could impact this region. Notable projects include Templestowe Route Upgrade, Ruffey Lake Park Pedestrian Trail, Mixed Use Development at 1-15 Andersons Creek Road, and Eastern Freeway Upgrades. The following list details those most likely to be 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 an educated workforce with strong professional services representation. Its unemployment rate is 3.8%, lower than Greater Melbourne's 4.6%.

Employment growth over the past year was estimated at 3.1%. As of June 2025, 8944 residents are employed while unemployment stands at 0.8% below Greater Melbourne's rate. Workforce participation is lower at 56.8% compared to Greater Melbourne's 64.1%. Leading industries include health care & social assistance, professional & technical services, and retail trade.

Templestowe specialises in professional & technical jobs with an employment share of 1.3 times the regional level. However, transport, postal & warehousing is under-represented at 3.1% compared to Greater Melbourne's 5.2%. Employment opportunities seem limited locally as Census data shows fewer working residents than residents overall. Between June 2024 and June 2025, employment levels increased by 3.1%, labour force grew by 3.1%, keeping unemployment relatively stable at 3.8%. Greater Melbourne recorded higher growth rates of 3.5% for employment and 4.0% for labour force, with unemployment rising to 5.1%. Jobs and Skills Australia forecasts national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Templestowe's industry mix suggests local growth of approximately 7.0% over five years and 14.1% over ten years, though these are simple extrapolations for illustrative purposes only.

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 Templestowe has a high national median income of $50,113 and an average income of $87,583. This contrasts with Greater Melbourne's median income of $54,892 and average income of $73,761. Based on Wage Price Index growth since financial year 2022, current estimates for Templestowe are approximately $56,207 (median) and $98,233 (average) as of September 2025. The 2021 Census ranks Templestowe's household income at the 76th percentile ($2,163 weekly) and personal income at the 45th percentile. Income analysis reveals that 28.2% of Templestowe residents earn between $1,500 - 2,999 weekly (4,951 individuals), consistent with broader regional trends showing 32.8% in the same category. A substantial proportion of high earners (35.6%) indicates strong economic capacity throughout Templestowe. Housing accounts for 14.0% of income, with residents ranking within the 78th percentile for disposable income. 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

Templestowe's dwelling structure, 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 rest being mortgaged (36.7%) or rented (14.5%). The median monthly mortgage repayment was $2,700, higher than Melbourne metro's average of $2,400. Median weekly rent 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, and rents 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 comprise the remaining 18.1%, with lone person households at 16.9% and group households making up 1.3%. The median household size is 2.8 people, which exceeds 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 residents aged 15+ have a university qualification rate of 42.7%, surpassing Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the most prevalent at 28.3%, followed by postgraduate qualifications (11.2%) and graduate diplomas (3.2%). Vocational pathways account for 22.7%, with advanced diplomas at 10.7% and certificates at 12.0%. Current educational participation is high, with 27.7% of residents enrolled in formal education.

This includes 8.6% in primary, 7.9% in secondary, and 6.3% pursuing tertiary education. The three schools in Templestowe have a combined enrollment of 1,861 students, with an ICSEA score of 1120 indicating significant socio-educational advantages and academic achievement. All three schools focus on primary education, with secondary options available nearby.

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 are bus stops. They are served by 21 different routes.

Together, these routes provide 7,385 weekly passenger trips. Transport accessibility is good. Residents live an average of 219 meters from the nearest stop. On average, there are 1,055 trips per day across all routes. This means each stop has about 68 weekly trips.

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 superior health outcomes for both younger and older age groups, with low prevalence of common health conditions. Approximately 64% (11,203 people) have private health cover, higher than Greater Melbourne's 55.0%. Nationally, the average is 55.3%.

The most prevalent medical conditions are arthritis at 7.5%, and mental health issues at 5.4%. 72.0% of residents report no medical ailments, compared to 74.0% in Greater Melbourne. Templestowe has a higher proportion of seniors aged 65 and over at 25.0% (4,388 people), compared to 22.8% in Greater Melbourne. Senior health outcomes are above average, mirroring the general 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. The predominant religion in Templestowe is Christianity, comprising 51.9% of the population. Notably, Judaism is slightly overrepresented compared to Greater Melbourne, making up 0.4% of Templestowe's population versus 0.3%.

Regarding ancestry, the top three groups are Chinese (19.7%), English (15.0%), and Australian (13.4%). Some ethnic groups show notable differences in representation: Greek is slightly overrepresented at 7.8%, Italian is more prevalent at 9.4%, and Macedonian is also somewhat higher at 0.9%.

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. Comparing Templestowe's demographics with Greater Melbourne's, the percentage of residents aged 75-84 is notably higher at 9.1%, while those aged 25-34 are under-represented at 8.5%. According to the 2021 Census, the population aged 5 to 14 has increased from 11.2% to 12.5%, whereas the percentage of those aged 55 to 64 has decreased from 14.5% to 13.6%. By 2041, Templestowe's population is projected to see significant demographic shifts. The number of residents aged 85 and above is expected to grow by 599 people (an increase of 84%), reaching a total of 1,314. This growth is part of an overall aging population trend, with those aged 65 and above accounting for 71% of the projected population increase. Conversely, the populations aged 0 to 4 and 5 to 14 are expected to decline.