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 May 2026, is approximately 17,464, showing an increase of 498 people since the 2021 Census. The 2021 Census recorded a population of 16,966. This change is inferred from ABS's estimated resident population of 17,442 in June 2025 and 95 validated new addresses since the Census date. The population density is around 1,083 persons per square kilometer, comparable to 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 utilises VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods 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 1,330 persons, reflecting a total gain of around 7.5% over the 16-year period, based on the 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 FY-21 to FY-25271 homes were approved, with a further 28 approved so far in FY-26. 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 value 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 approximately half the rate of new dwelling approvals per person and ranks among the 41st percentile nationally for buyer choices, supporting demand for existing homes. New development consists of 32.0% detached dwellings and 68.0% medium and high-density housing, creating more affordable entry points and suiting downsizers, investors, and first-home buyers. This shift reflects reduced availability of development sites and changing lifestyle demands. The area has approximately 406 people per dwelling approval, indicating an established location.

Future projections estimate Templestowe to add 1,308 residents by 2041, with current development patterns suggesting new housing supply should meet demand, offering good conditions for buyers and potentially facilitating further population growth.

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 16 such projects that could impact the area. Notable projects include 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 likely to be 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 4.1% as of December 2025. Employment growth over the past year was estimated at 1.9%.

In December 2025, 8730 residents were employed, with an unemployment rate of 4.1%, which is 0.7% lower than Greater Melbourne's rate of 4.8%. Workforce participation in Templestowe was 62.3%, compared to Greater Melbourne's 69.9%. According to Census responses, 37.1% of residents worked from home. Leading employment industries among residents were health care & social assistance, professional & technical services, and retail trade.

The area had a particular specialization in professional & technical services, with an employment share 1.3 times the regional level. However, transport, postal & warehousing was under-represented, with only 3.1% of Templestowe's workforce compared to Greater Melbourne's 5.2%. Employment opportunities locally appeared limited, as indicated by the count of Census working population versus resident population. Between December 2024 and December 2025, employment levels increased by 1.9%, while labour force increased by 2.3%, causing the unemployment rate to rise by 0.4 percentage points. In comparison, Greater Melbourne recorded employment growth of 2.4% and labour force growth of 2.8%, with unemployment rising by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth of 6.6% 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 a simple weighting extrapolation for illustrative purposes.

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 Melbourne-wide figures of median $57,688 and average $75,164. Assuming a 9.62% increase based on Wage Price Index growth from financial year ending June 2023 to March 2026, estimated incomes would be approximately $59,071 (median) and $101,798 (average). According to the 2021 Census, Templestowe's household income ranks at the 75th percentile ($2,163 weekly), with personal income at the 45th percentile. Income analysis reveals that 28.2% of individuals earn between $1,500 and $2,999 weekly, consistent with broader trends across the region showing 32.8% in the same category. Notably, 35.6% of Templestowe residents earn above $3,000/week, indicating strong economic capacity. Housing expenses account for 14.0% of income, and residents rank 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 structures, as per the latest Census, consisted of 77.6% houses and 22.3% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Templestowe stood at 48.8%, with mortgaged dwellings at 36.7% and rented ones at 14.5%. The median monthly mortgage repayment was $2,700, surpassing Melbourne metro's average of $2,000. The median weekly rent in Templestowe was $513, compared to Melbourne metro's $390. Nationally, Templestowe's mortgage repayments were higher than the Australian average of $1,863, and 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

Educational attainment in Templestowe exceeds broader benchmarks. Among residents aged 15+, 42.7% hold 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 at 11.2% and graduate diplomas at 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

Transport analysis indicates 109 active public transport stops in Templestowe, offering a variety of bus services. These stops are served by 21 different routes, collectively facilitating 3696 weekly passenger trips. Transport accessibility is assessed as good, with residents typically situated 219 meters from the nearest stop. As predominantly residential, most commuters travel outward; cars remain the primary mode at 91%, while buses account for 5%. Vehicle ownership averages 1.8 per dwelling, exceeding regional norms. Notably, 37.1% of residents work from home (as per the 2021 Census).

Service frequency averages 528 trips daily across all routes, equating to approximately 33 weekly trips per individual stop. The accompanying map displays the 100 nearest stops relative 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, as assessed by AreaSearch using mortality rates and chronic condition prevalence data. Both younger and older age groups have low prevalence of common health conditions. Private health cover is exceptionally high here, at approximately 67% of the total population of 11,665 people, compared to 56.7% in Greater Melbourne and a national average of 55.7%.

The most prevalent medical conditions are arthritis (affecting 7.5% of residents) and mental health issues (5.4%), while 72.0% report no medical ailments, similar to the 72.6% across Greater Melbourne. The area has a higher proportion of seniors aged 65 and over, at 25.1% (4,390 people), compared to 15.0% 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. Christianity is the predominant religion in Templestowe, comprising 51.9% of the population. Judaism, however, is overrepresented compared to Greater Melbourne, making up 0.4% of Templestowe's population 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%) populations are overrepresented compared to regional averages, while Macedonian is slightly higher at 0.9% versus 0.7%.

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

The median age in Templestowe is 46 years, which exceeds Greater Melbourne's average of 37 years and is also higher than Australia's median age of 38 years. Compared to Greater Melbourne, the cohort aged 65-74 is notably over-represented in Templestowe at 12.0%, while those aged 25-34 are under-represented at 8.7%. Between the 2021 Census and the present, the population aged 5 to 14 has grown from 11.2% to 12.5%, while the cohort aged 55 to 64 has declined from 14.5% to 13.2%. By 2041, Templestowe's population is projected to see significant demographic changes. The age group 85 and above is expected to grow substantially, increasing by 492 people (72%) from 684 to 1,177. This growth reflects an aging population trend, with those aged 65 and above comprising 64% of the projected growth. Conversely, the cohorts aged 0 to 4 and 55 to 64 are expected to experience population declines.