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Suburb Insights · VIC 3038

Taylors Lakes, VIC 3038 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Taylors Lakes is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 15,174, making it a smaller community. Located approximately 20 km from the Melbourne CBD, Taylors Lakes is a middle ring area in Victoria. The median household income is $112,528 per year.

Investment Score

74 / 100 Good

Strong household incomes in Taylors Lakes underpin solid property demand.

Location

Melbourne
Taylors Lakes
Victoria · 3038
20 km from Melbourne CBD
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Key Indicators

Postcode
3038

Official Australia Post postcode for Taylors Lakes. A postcode may cover multiple suburbs.

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Population
15,174

Usual resident population at the most recent census.

Median weekly rent
$411/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$112,528/yr

Annual median household income (before tax) across all households.

Distance to CBD
20 km

Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
4

Estimated 4 schools within or near this suburb.

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Parks & green spaces
6

Estimated 6 parks and green spaces near this suburb.

Median monthly mortgage
$1,800/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
87% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Why People Like Living in Taylors Lakes

Who Taylors Lakes Suits

👨‍👩‍👧Families4 schools nearby, 87% separate houses.
📊InvestorsRent covers a solid share of the median mortgage.
🏡First-home buyersEntry costs sit at or below the Victoria median.
💼ProfessionalsAround 20 km from the CBD with good access.

Pros and Cons

Pros

  • Rent sits within an affordable share of local incomes, supporting tenant demand.
  • Mortgage costs are lower than the Victoria median, improving cash-flow margins.
  • Access to several schools nearby (around 4).
  • Local parks and reserves (around 6) add to liveability.
  • Solid transport links into employment hubs.

Cons

  • Traffic can build during peak hours, especially on arterial roads.
  • Prices may rise further as demand continues.

Investment Insight

With 15,174 residents, Taylors Lakes is one of Victoria's more populous suburbs — roughly 2.0× the state median of 7,416 — giving it a deep buyer and tenant pool that typically supports higher transaction volumes and shorter average days on market. Median household income of $112,528/year runs 18% above the Victoria suburb median of $95,160, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Median weekly rent of $411 equates to $1,781/month — about 99% of the median mortgage repayment of $1,800/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. 20 km from Melbourne places Taylors Lakes in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs.

Investment Tip

Middle-ring locations like this one historically reward patient holders — focus on homes near catchment-zone schools and major transport. Local rents consume roughly 19% of household income — a useful sanity check on tenant affordability.

Taylors Lakes vs Victoria Median

How Taylors Lakes stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Taylors Lakes sits above the state median; negative means below.

MetricTaylors LakesVIC medianΔ vs state
Population15,1747,416+105%
Median household income$112,528/yr$95,160/yr+18%
Median rent (weekly)$411$380+8%
Median mortgage (monthly)$1,800$1,950-8%
Distance to CBD20 km32 km-37%
Separate houses87%78%+9pp

Investor Checklist

Pre-inspection briefing for Taylors Lakes — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Strong buy-and-hold fundamentals: household incomes run 18% above the Victoria suburb median ($112,528 vs $95,160), and the 20 km CBD distance keeps this suburb in the primary demand zone. In Victoria, suburbs with this profile have historically clustered in the upper tercile of 10-year capital growth.

Rental Yield

Strong rental coverage: $411/week (~$1,781/month) covers 99% of the $1,800/month median mortgage repayment, so the shortfall sits at just $19/month. Investors targeting positive cash flow should shortlist this suburb.

⚠️
Renovation / Flip

With 87% houses in a 15,174-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.

Risk Factors

Run the numbers on a Taylors Lakes property

Full Property Analysis

30-year projections for Taylors Lakes

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Taylors Lakes enters 2026 with a demographic tailwind — household incomes 18% above the Victoria suburb median of $95,160 and a population of 15,174 give it the depth and purchasing power to outperform the wider VIC market over the next 12–18 months. Rental coverage runs at ~99% of the typical mortgage ($1,781/month rent vs $1,800/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 74/100 places Taylors Lakes in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.

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Frequently Asked Questions

Is Taylors Lakes a good suburb for investment?

Taylors Lakes scores 74/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 15,174, median household income of $112,528/year and median weekly rent of $411. 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.

What drives property demand in Taylors Lakes?

The main demand drivers in Taylors Lakes are proximity to Melbourne (20 km), an above-state-median household income of $112,528/year, a dwelling mix that is 87% separate houses, roughly 4 schools and 6 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.

What is the population of Taylors Lakes?

Taylors Lakes has a usual resident population of approximately 15,174, 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.

How far is Taylors Lakes from the Melbourne CBD?

Taylors Lakes sits 20 km straight-line from the Melbourne CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.

What is the median rent in Taylors Lakes?

The most recent census recorded a median weekly rent of $411 in Taylors Lakes, equating to approximately $21,372/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.

What is the typical mortgage repayment in Taylors Lakes?

The median monthly mortgage repayment in Taylors Lakes is $1,800, or approximately $21,600/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.

Is Taylors Lakes cash-flow positive for investors?

A median weekly rent of $411 works out to $1,781/month, covering 99% of the median mortgage repayment of $1,800/month. That leaves a $19/month shortfall (around $228/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.

What are the main risks of investing in Taylors Lakes?

The main risks are interest-rate sensitivity on the $1,800 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.

How we built this Taylors Lakes profile

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.

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