Town snapshot – Leopold

THE size of Leopold is about 26.9sqkm and has 32 parks covering nearly 3.5 per cent of total area.

The population of Leopold in 2016 was 12,810 and by the 2021 Census the population was recorded at 13,272 showing a population growth of 4 per cent in the area during that time.

Market activity in Leopold has remained strong with well over 400 home sales in the last two years as young families and retirees flock to this very convenient suburb.

This is also reflected in the median age for Leopold, which has continued its downward trend and now sits at 41 years of age.

Leopold was originally named Kensington, it was renamed Leopold in 1892 to avoid confusion with the Melbourne suburb of Kensington.

In 1852, 526 hectares of land was subdivided and offered for sale as the “Princely Domain of Kensington”.

While the subdivision did not create a village, it provided a name and settlers depended on the Anglican church and school in Hays Road, Point Henry, established in 1849-50.

 

By 1865 Kensington also had the short-lived Bellarine Hotel and a community of 300 persons, mostly engaged in agriculture.

Leopold continued as a rural community until the 1960s, when industrial development at Moolap and Point Henry made Leopold a convenient dormitory suburb.

CoreLogic data indicates that the predominant age group in Leopold is 0-9 years with households in Leopold being primarily couples with children and are likely to be repaying $1,603 per month on mortgage repayments, and in general, people in Leopold work in a trades occupation.

TIDBIT:

The suburb name comes from Prince Leopold; Queen Victoria’s son and the Duke of Albany.

Population: 13,272

Male: 48.5%

Female: 51.5%

Median age: 41

5 year population change: 4%

House median sales price: $660,000

Change in median price: (5yrs) 22.8%

Median asking rent per week: $500

Average length of ownership: 12 years

Owner occupiers: 82%

Renters: 18%

House median value:

February 2025: $690,000

February 2024: $709,000

February 2023: $707,000

February 2022: $738,600

February 2021: $592,760

House sales per annum:

Period ending February 2025: 259

Period ending February 2024: 242

Land median sale price:

February 2025: $356,000

February 2024: $400,000

Land sales per annum:

Period ending February 2025: 6

Period ending February 2024: 9