Templestowe Lower
Statistical Area - sa2

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 Nov 2025, Templestowe Lower's population is around 14,621. This reflects an increase since the 2021 Census, which reported a population of 14,191 people. The estimated resident population as of June 2024 was 14,642, with an additional 135 validated new addresses since the Census date. This results in a population density ratio of 2,461 persons per square kilometer, placing Templestowe Lower in the upper quartile relative to national locations assessed by AreaSearch. The primary driver of population growth was overseas migration.

AreaSearch is adopting 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 released in 2023, adjusted using weighted aggregation methods. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on the latest population numbers, Templestowe Lower is expected to increase by 1,499 persons to 2041, representing a total increase of 10.2% over the 17-year period.

Recent residential development output has been above 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, 23 approvals have been recorded. On average, 0.5 new residents arrive per year for each new home approved between FY21 and FY25, indicating that supply meets or exceeds demand. The average value of new dwellings is $539,000, reflecting a focus on the premium segment with upmarket properties.

This financial year has seen $7.6 million in commercial approvals registered, suggesting Templestowe Lower's residential character. Comparatively, Templestowe Lower records 11.0% less building activity per person than Greater Melbourne and ranks among the 72nd percentile of areas assessed nationally. New building activity consists of 33.0% standalone homes and 67.0% medium to high-density housing, offering affordable entry pathways and attracting downsizers, investors, and first-time purchasers. This shift reflects reduced availability of development sites and addresses changing lifestyle demands and affordability requirements. Currently, Templestowe Lower has around 190 people per dwelling approval, indicating low density characteristics.

Future projections estimate an addition of 1,490 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good 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 10% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 22 projects likely impacting the area. Notable ones include Templestowe Road Duplication and Upgrade, Aquarena Outdoor Masterplan Redevelopment, Serpell Residence Templestowe, and Serpells Place Templestowe. 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 Lower has seen below average employment performance when compared to national benchmarks

Templestowe Lower has a highly educated workforce with strong representation in professional services. The unemployment rate was 4.4% as of June 2025, which is 0.2% lower than Greater Melbourne's rate of 4.6%.

Employment growth over the past year was estimated at 3.4%. There were 7,381 residents employed in June 2025, with workforce participation at 57.0%, compared to Greater Melbourne's 64.1%. The leading employment industries among residents are health care & social assistance, professional & technical services, and retail trade.

Manufacturing is under-represented, with only 4.9% of Templestowe Lower's workforce compared to 7.2% in Greater Melbourne. Employment opportunities locally may be limited as indicated by the count of Census working population versus resident population. Between June 2024 and June 2025, employment levels increased by 3.4%, labour force increased by 3.1%, resulting in a fall in unemployment by 0.3 percentage points. In contrast, Greater Melbourne saw employment rise by 3.5%, labour force grow by 4.0%, and unemployment rise by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment growth of 6.6% over five years and 13.7% over ten years, with varying growth rates between industry sectors. Applying these projections to Templestowe Lower's employment mix suggests local growth of approximately 7.0% over five years and 14.1% over ten years, based on a simple weighting extrapolation 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 latest postcode level ATO data for financial year ending June 2022 shows Templestowe Lower had a median taxpayer income of $50,897 and an average income of $73,053. These figures are higher than the national averages of $54,892 and $73,761 respectively for Greater Melbourne. Based on Wage Price Index growth of 12.16% from financial year ending June 2022 to September 2025, estimated median income is approximately $57,086 and average income is around $81,936. Census 2021 data ranks Templestowe Lower's household income at the 61st percentile ($1,919 weekly) and personal income at the 39th percentile. Income distribution shows 29.3% of individuals (4,283 people) earning between $1,500 - $2,999 annually, similar to the surrounding region's 32.8%. Notably, 30.1% of households have high weekly earnings exceeding $3,000, indicating strong consumer spending potential after housing expenses. Post-housing, 85.6% of income remains for other expenditures, and Templestowe Lower ranks in the 8th decile based on SEIFA income data.

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

The dwelling structure in Templestowe Lower, as per the latest Census, consisted of 80.7% houses and 19.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 67.1% houses and 32.9% other dwellings. Home ownership in Templestowe Lower stood at 48.7%, with the remaining dwellings either mortgaged (33.3%) or rented (17.9%). The median monthly mortgage repayment was $2,500, higher than Melbourne metro's average of $2,400. The median weekly rent in Templestowe Lower was $475, compared to Melbourne metro's $462. Nationally, Templestowe Lower's mortgage repayments were significantly higher than the Australian 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 constitute 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 the Greater Melbourne 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 40.4% of residents aged 15+ holding university qualifications, exceeding the Australian average of 30.4%. Bachelor degrees are the most common 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. Templestowe Lower has five schools with a combined enrollment reaching 2,144 students as of the latest data. The area demonstrates significant socio-educational advantages with an ICSEA score of 1100. Education provision is balanced with three primary and two secondary schools serving distinct age groups. Note: where schools show 'n/a' for enrolments, please refer to parent campus.

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 operating within Templestowe Lower, offering a mix of bus services. These stops are served by 21 individual routes, collectively facilitating 6,047 weekly passenger trips. Transport accessibility is rated good, with residents typically located 209 meters from the nearest stop.

Service frequency averages 863 trips per day across all routes, translating to approximately 95 weekly trips per individual stop.

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

Templestowe Lower residents show relatively positive health outcomes, with common conditions seen across both young and old age groups.

Private health cover is high at approximately 56% of the total population (~8,187 people). The most prevalent medical conditions are arthritis (7.9%) and asthma (6.1%). A majority, 71.1%, report no medical ailments, compared to 74.0% in Greater Melbourne. The area has 23.7% of residents aged 65 and over (3,460 people). Health outcomes among seniors are above average, aligning 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. The predominant religion in Templestowe Lower is Christianity, comprising 55.9% of the population. However, Judaism is notably overrepresented, making up 0.5% of the population compared to the regional average of 0.3%.

In terms of ancestry, the top three groups are Chinese (16.9%), English (15.1%), and Australian (14.1%). Some ethnic groups have notable divergences: Greek is overrepresented at 9.4%, Italian at 9.8%, and Macedonian at 1.0%.

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

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 proportion of residents aged 75-84 (8.9%) but fewer residents aged 25-34 (9.2%). According to the 2021 Census, the age group 15-24 has increased from 10.5% to 12.6% of the population, while the age group 75-84 has decreased from 10.2% to 8.9%. By 2041, demographic projections indicate that Templestowe Lower's age structure will experience significant shifts. The 85+ age group is projected to grow by 54%, reaching 1,159 people from 752. Conversely, the 0-4 and 35-44 age groups are expected to see population declines.