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ABS 2021 Census · Updated 21 May 2026
Leopold is a coastal suburb in Victoria, Australia, with a population of approximately 13,272, making it a smaller community. Located approximately 60 km from the Melbourne CBD, Leopold is a coastal area in Victoria. The median household income is $82,628 per year.
Household incomes in Leopold sit in a comfortable mid-range for the Victoria market. Coastal lifestyle appeal adds a premium that supports long-term demand.
Official Australia Post postcode for Leopold. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 3 schools within or near this suburb.
Find schools near Leopold on My School →Estimated 5 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Leopold's population of 13,272 sits 79% above the Victoria suburb median of 7,416, giving it a wider tenant and buyer catchment than the average VIC locality. Household income of $82,628/year is 13% below the Victoria median of $95,160, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Median weekly rent of $375 equates to $1,625/month — about 101% of the median mortgage repayment of $1,603/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. Leopold is 60 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
This suburb can suit investors targeting renter demand driven by lifestyle. Insurance, climate risk, and seasonal rental patterns all warrant a close look. Local rents consume roughly 24% of household income — a useful sanity check on tenant affordability.
How Leopold stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Leopold sits above the state median; negative means below.
| Metric | Leopold | VIC median | Δ vs state |
|---|---|---|---|
| Population | 13,272 | 7,416 | +79% |
| Median household income | $82,628/yr | $95,160/yr | -13% |
| Median rent (weekly) | $375 | $380 | -1% |
| Median mortgage (monthly) | $1,603 | $1,950 | -18% |
| Distance to CBD | 60 km | 32 km | +88% |
| Separate houses | 88% | 78% | +10pp |
Pre-inspection briefing for Leopold — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Leopold's 13,272-person market and $82,628 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Strong rental coverage: $375/week (~$1,625/month) covers 101% of the $1,603/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.
A dwelling mix skewed to houses (88% vs 78% VIC median) combined with a population of 13,272 creates a deeper market for value-add renovations — older stock, separate titles and stronger buyer competition are the usual pattern here.
Run the numbers on a Leopold property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Leopold are modest for 2026 — incomes 13% below the VIC median of $95,160 suggest gains will lag headline metro markets. Rental coverage runs at ~101% of the typical mortgage ($1,625/month rent vs $1,603/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 55/100 places Leopold in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Leopold scores 55/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 13,272, median household income of $82,628/year and median weekly rent of $375. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Leopold are a median household income of $82,628/year, a dwelling mix that is 88% separate houses, roughly 3 schools and 5 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Leopold has a usual resident population of approximately 13,272, compared with a Victoria suburb median of 7,416 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Leopold sits 60 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $375 in Leopold, equating to approximately $19,500/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Leopold is $1,603, or approximately $19,236/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $375 works out to $1,625/month, covering 101% of the median mortgage repayment of $1,603/month. That means rent exceeds the median repayment by roughly $22/month, so on these numbers Leopold leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $1,603 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.