Templestowe Lower

An assessment of population growth drivers in Templestowe Lower reveals an overall ranking slightly below national averages considering recent, and medium term trends

As of November 2025, Templestowe Lower's population is approximately 14,621. This figure represents an increase from the 2021 Census total of 14,191 people, marking a rise of 430 individuals (3%). The change was inferred from ABS estimated resident population data of 14,642 in June 2024 and validated new addresses since the census date. This results in a density ratio of 2,461 persons per square kilometer, placing Templestowe Lower in the upper quartile relative to national locations assessed by AreaSearch. Overseas migration was the primary driver for population growth during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections released in 2024 with a base year of 2022 for each SA2 area. For areas not covered, AreaSearch uses VIC State Government's Regional/LGA projections from 2023 with adjustments made via weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas from these aggregations for years 2032 to 2041. Based on the latest annual ERP population numbers, Templestowe Lower is expected to increase its population by approximately 1,499 persons by the year 2041. This reflects a total increase of around 10.2% over the 17-year period.

Residential development activity is slightly higher than average within Templestowe Lower when compared nationally

Templestowe Lower has seen approximately 76 new homes approved annually over the past five financial years, totalling 380 homes. As of FY26, 29 approvals have been recorded. On average, 0.5 new residents per year arrive for each new home built between FY21 and FY25, indicating that supply meets or exceeds demand, offering greater buyer choice and supporting potential population growth above projections. The average expected construction cost value of new dwellings is $539,000, suggesting a focus on the premium segment with upmarket properties.

This year, $7.6 million in commercial approvals have been registered, reflecting the area's residential character. Compared to Greater Melbourne, Templestowe Lower records 11.0% less building activity per person and ranks among the 72nd percentile of areas assessed nationally. New building activity consists of 33.0% standalone homes and 67.0% medium and high-density housing, offering affordable entry pathways for downsizers, investors, and first-time purchasers, marking a significant shift from the current housing mix of 81.0% houses. With around 190 people per dwelling approval, Templestowe Lower exhibits characteristics of a low density area. According to AreaSearch's latest quarterly estimate, Templestowe Lower is projected to add 1,490 residents by 2041.

At current development rates, new housing supply should comfortably meet demand, providing favourable conditions for buyers and potentially supporting growth beyond current population projections.

Templestowe Lower has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Local infrastructure changes significantly influence an area's performance. AreaSearch has identified 22 projects potentially impacting the region. Notable initiatives include Templestowe Road Duplication and Upgrade, Aquarena Outdoor Masterplan Redevelopment, Serpell Residence Templestowe, and 6 Rosa Street Townhouses. 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 Lower has seen below average employment performance when compared to national benchmarks

Templestowe Lower has an educated workforce with strong professional services representation. Its unemployment rate is 4.4%, with estimated employment growth of 3.0% in the past year.

As of September 2025, 7,276 residents are employed, with an unemployment rate of 4.1%. This is 0.3% below Greater Melbourne's rate of 4.7%. Workforce participation stands at 57.0%, compared to Greater Melbourne's 64.1%.

Leading employment industries include health care & social assistance, professional & technical services, and retail trade. Manufacturing, however, is under-represented at 4.9% compared to Greater Melbourne's 7.2%. From September 2024 to September 2025, employment levels increased by 3.0%, while the labour force grew by 2.5%. This resulted in a decrease of unemployment by 0.4 percentage points. In contrast, Greater Melbourne saw an employment rise of 3.0% and a labour force growth of 3.3%, with unemployment rising by 0.3 percentage points. As of 25-Nov-2025, Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs. The state unemployment rate is 4.7%, compared to the national rate of 4.3%. Employment growth in Victoria outpaces the national average of 0.14%. 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 Lower'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.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

AreaSearch's aggregation of ATO data released for financial year 2022 shows Templestowe Lower SA2 had a median taxpayer income of $50,897 and an average income of $73,053. Nationally, the median was $54,892 and the average was $73,761. By September 2025, estimated incomes would be approximately $57,086 (median) and $81,936 (average), based on a 12.16% Wage Price Index growth since financial year 2022. According to Census 2021 income data, household income ranks at the 60th percentile ($1,919 weekly) and personal income at the 39th percentile. In Templestowe Lower SA2, 29.3% of individuals earn between $1,500 - 2,999, similar to the surrounding region's 32.8%. High-income households (exceeding $3,000 weekly) comprise 30.1%, supporting consumer spending. After housing costs, 85.6% of income remains for other expenses. The area's SEIFA income ranking is in the 8th decile.

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

As per the latest Census evaluation in Templestowe Lower, dwelling structures consisted of 80.7% houses and 19.3% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 67.1% houses and 32.9% other dwellings. Home ownership in Templestowe Lower stood at 48.7%, with mortgaged dwellings at 33.3% and rented ones at 17.9%. The median monthly mortgage repayment was $2,500, exceeding Melbourne metro's average of $2,400. Meanwhile, the median weekly rent figure in Templestowe Lower was $475, slightly higher than Melbourne metro's $462. Nationally, Templestowe Lower's mortgage repayments were significantly higher at $2,500 compared to Australia's average of $1,863, while rents were substantially above the national figure of $375.

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

Family households account for 78.9% of all households, including 39.3% couples with children, 27.1% couples without children, and 11.4% single parent families. Non-family households make up the remaining 21.1%, with lone person households at 19.3% and group households comprising 1.8%. The median household size is 2.7 people, larger than Greater Melbourne's average of 2.6.

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

The area's educational profile is notable regionally, with university qualification rates at 40.4% among residents aged 15+, surpassing the Australian average of 30.4%. Bachelor degrees are the most prevalent at 26.5%, followed by postgraduate qualifications (10.2%) and graduate diplomas (3.7%). Vocational pathways account for 24.5% of qualifications among those aged 15+, with advanced diplomas at 11.4% and certificates at 13.1%.

Educational participation is high, with 27.4% of residents currently enrolled in formal education. This includes 8.8% in primary education, 7.9% in secondary education, and 5.4% pursuing tertiary education.

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

Transport analysis indicates 63 active transport stops in Templestowe Lower, served by buses via 21 routes. These routes facilitate 6,047 weekly passenger trips. Residential accessibility to transport is rated good, with residents located an average of 209 meters from the nearest stop.

Across all routes, service frequency averages 863 trips per day, resulting in approximately 95 weekly trips per individual stop.

Templestowe Lower's residents are relatively healthy in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Templestowe Lower's health metrics closely match national benchmarks, with typical levels of common health conditions seen across both young and elderly age groups.

Approximately 56% (~8,187 people) have private health cover, a rate significantly higher than the national average. The most prevalent medical conditions are arthritis (affecting 7.9% of residents) and asthma (6.1%). Around 71.1% declare themselves free from medical ailments, slightly lower than Greater Melbourne's 74.0%. About 23.7% (3,460 people) of residents are aged 65 and over. Health outcomes among seniors are above average and broadly align with the general population's health profile.

Templestowe Lower 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 Lower has a high level of cultural diversity, with 41.1% of its population born overseas and 46.4% speaking a language other than English at home. Christianity is the predominant religion in Templestowe Lower, making up 55.9% of people there. However, Judaism is overrepresented compared to Greater Melbourne, comprising 0.5% versus 0.3%.

The top three ancestry groups are Chinese (16.9%), English (15.1%), and Australian (14.1%). Some ethnic groups show notable differences: Greek (9.4% vs regional average of 7.6%), Italian (9.8% vs 8.3%), and Macedonian (1%) are overrepresented in Templestowe Lower compared to Greater Melbourne.

Templestowe Lower hosts a notably older demographic compared to the national average

The median age in Templestowe Lower is 45 years, which is significantly higher than Greater Melbourne's average of 37 years and Australia's average of 38 years. Compared to Greater Melbourne, Templestowe Lower has a higher percentage of residents aged 75-84 (8.9%) but fewer residents aged 25-34 (9.2%). According to the 2021 Census, the population aged 15-24 has increased from 10.5% to 12.6%, while the population aged 75-84 has decreased from 10.2% to 8.9%. By 2041, demographic projections indicate that Templestowe Lower's age structure will shift significantly. The 85+ group is expected to grow by 54%, reaching 1,159 people from 752. Conversely, the populations aged 0-4 and 35-44 are projected to decline.