Templestowe (Vic.)

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According to census figures and subsequent home registrations verified by Districts, the suburb of Templestowe has an estimated residency of 17,464 people in May 2026. This represents an addition of 498 people (2.9%) from the 2021 Census, which counted 16,966 residents. The current figure is calculated from a base of 17,442 residents estimated from the ABS June 2025 release of local population records, combined with 95 validated new addresses registered after the census date. With these numbers, the suburb of Templestowe has a density of 1,083 persons per square kilometer, which aligns closely with typical suburban averages tracked by Districts. In recent times, population growth in the suburb of Templestowe has been almost exclusively driven by net arrivals from overseas.

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The suburb of Templestowe has a workforce characterized by high levels of education, with a strong contingent of professional service workers, an unemployment rate of 4.3%, and a 2.0% increase in total jobs over the past year. In March 2026, employed residents numbered 8,762, while the local unemployment rate sat 0.5% lower than the Melbourne average of 4.8%. However, labor force participation is lower at 62.4% compared to 70.2% across the metro area. Census records indicate that 37.1% of working residents operated from home, though this figure was influenced by public health restrictions.

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Tax data from the financial year 2023 shows the suburb of Templestowe had a median taxpayer income of $50,113 and an average income of $87,583. These figures are among the highest nationally, compared to $57,688 and $75,164 across Melbourne. Factoring in Wage Price Index growth of 9.62% since the financial year 2023, estimated incomes as of March 2026 stand at approximately $54,934 for the median and $96,008 for the average. Census data places household incomes in the 75th percentile ($2,163 weekly), while personal earnings sit in the 45th percentile. The weekly earnings bracket of $1,500 - 2,999 accounts for 28.2% of the local population (4,924 individuals), compared to 32.8% regionally. The suburb displays high affluence with of households earning above weekly, driving local demand for high-end retail. Housing costs consume of household income, leaving residents in the th percentile for disposable income, and the SEIFA index ranks the area in the th decile for income advantage.

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The housing stock in the suburb of Templestowe at the time of the census consisted of 77.6% detached houses and 22.3% semi-detached dwellings, townhouses, and apartments, compared to 67.9% houses and 32.1% other dwellings across Melbourne. Home ownership rates are high, with 48.8% of properties owned outright, while 36.7% are mortgaged and 14.5% are rented. The median monthly mortgage payment of $2,700 is higher than the Melbourne average of $2,000, and the median weekly rent of $513 is higher than the Melbourne average of $390. Nationally, mortgage payments are higher than the Australian average of $1,863, and rents are higher than the national figure of $375.

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Families make up 81.9% of all local households, consisting of couples with children at 42.7%, couples without children at 29.1%, and single-parent households at 9.2%. The remaining 18.1% are non-family households, which include lone-person households at 16.9% and group shared households at 1.3%. The median household size is 2.8 people, which is larger than the Melbourne average of 2.6.

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Residents in the suburb of Templestowe have high levels of education, with 42.7% of those aged 15+ holding a university degree, compared to 30.4% nationally and 33.4% across Victoria. This education profile supports participation in knowledge-based industries. Bachelor degrees are held by 28.3% of residents, postgraduate degrees by 11.2%, and graduate diplomas by 3.2%. Vocational qualifications are held by 22.7% of the population aged 15+, consisting of advanced diplomas (10.7%) and certificates (12.0%).

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The suburb of Templestowe has 109 active bus stops serviced by 21 distinct routes, which accommodate 3,696 passenger trips weekly. The average distance to the nearest stop is 219 meters, indicating good accessibility. Most working residents commute outside the area, with private vehicles being the primary mode of travel for 91% of commuters, while 5% use buses. Households own an average of 1.8 vehicles, which is above the metropolitan average. A total of 37.1% of residents worked from home during the 2021 Census, which was influenced by local pandemic restrictions.

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Health indicators show positive outcomes in the suburb of Templestowe, with low rates of chronic conditions and mortality, particularly among younger residents. Private health insurance coverage is high, with approximately 61% of the population (10,714 people) covered, compared to 56.7% across Melbourne and a national average of 55.7%.

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The suburb of Templestowe has a diverse population, with 43.8% of residents born outside Australia and 46.6% speaking a language other than English at home. Christianity is the most common religious affiliation, representing 51.9% of the community. Judaism shows a notable local concentration at 0.4% of the population, compared to 1.0% across the Melbourne metropolitan area.

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The median age in the suburb of Templestowe is 46 years, which is older than the Melbourne average of 37 and the national average of 38. The 75 - 84 age bracket is highly represented at 9.3% of the population, while the 25 - 34 bracket is less represented at 8.8%. Since the 2021 Census, children aged 5 to 14 have increased from 11.2% to 12.6% of the population, while residents aged 55 to 64 have decreased from 14.5% to 13.2%. By 2041, the population aged 85 and over is projected to grow by 488 people (70%), increasing from to . This cohort, along with others aged and over, accounts for of the projected population growth, while the to and to cohorts are projected to contract.

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Templestowe currently has an estimated 663 children under 5 years old, comprising approximately 392 children aged 0-2 and 261 children aged 3-4. This cohort declined by an estimated 7% since the previous census. while population forecasts indicate future decline, with an anticipated decrease of 5% by 2041 (to approximately 627 children). Meanwhile the 5-12 cohort currently amounts to 1,746. Birth rates in the area have averaged 6.5 per 1,000 residents over the latest two-year period, a low rate (among the bottom 20% of areas assessed nationally). This rate has slowed down slightly in recent years however.