Caulfield North

Population growth drivers in Caulfield North are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

As of November 2025, the estimated population for the Caulfield North statistical area (Lv2) is around 19,449. This reflects an increase of 2,546 people since the 2021 Census, which reported a population of 16,903. The change was inferred from AreaSearch's estimate of the resident population at 18,651 following examination of the latest ERP data release by the ABS in June 2024 and an additional 622 validated new addresses since the Census date. This level of population equates to a density ratio of 4,630 persons per square kilometer, placing Caulfield North (SA2) in the top 10% of national locations assessed by AreaSearch. The area's growth rate of 15.1% since the 2021 Census exceeded the SA4 region's growth rate of 8.5%, marking it as a growth leader in the region. Overseas migration contributed approximately 87.0% of overall population gains during recent periods, driving primary growth for the area.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024 with 2022 as the base year. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023, adjusted employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on aggregated SA2-level projections, the Caulfield North (SA2) is forecasted to grow significantly in the top quartile of national statistical areas. By 2041, the area is expected to gain an additional 5,109 persons, reflecting a total increase of 21.5% over the 17 years.

AreaSearch assessment of residential development activity positions Caulfield North among the top 25% of areas assessed nationwide

Based on AreaSearch analysis, Caulfield North saw around 204 new homes approved annually over the past five financial years ending FY-25. This totals an estimated 1,022 homes. As of FY-26, 16 approvals have been recorded. Assuming one new resident per year per dwelling constructed between FY-21 and FY-25, supply and demand appear well-matched in Caulfield North.

New properties are being constructed at an average value of $1,205,000, indicating a focus on the premium segment. In FY-26, commercial approvals amounted to $30.8 million, reflecting high local commercial activity. Compared to Greater Melbourne, Caulfield North has 82.0% more development activity per person. Recent construction comprises 16.0% standalone homes and 84.0% townhouses or apartments, shifting from the area's current housing composition of 36.0% houses. At around 119 people per approval, Caulfield North is developing rapidly. AreaSearch projects an addition of 4,186 residents by 2041, suggesting new housing supply should meet demand at current development rates.

Future projections show Caulfield North adding 4,186 residents by 2041 (from the latest AreaSearch quarterly estimate). At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Caulfield North has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 41 projects likely to affect the region. Notable ones include Caulfield Village - Stage 9219-229 Balaclava Road Mixed-Use Development, Caulfield Village, and Caulfield Station Upgrade. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

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The employment landscape in Caulfield North shows performance that lags behind national averages across key labour market indicators

Caulfield North has a highly educated workforce with strong representation in professional services. Its unemployment rate was 4.1% as of September 2025, which is 0.6% lower than Greater Melbourne's rate of 4.7%.

Workforce participation is similar to Greater Melbourne's at 64.1%. The dominant employment sectors are professional & technical, health care & social assistance, and education & training. Caulfield North has a notable concentration in professional & technical services with employment levels at 1.7 times the regional average. However, construction is under-represented, with only 5.1% of its workforce compared to Greater Melbourne's 9.7%.

The area offers limited local employment opportunities as indicated by the count of Census working population versus resident population. Between September 2024 and September 2025, Caulfield North's labour force increased by 0.5%, while employment declined by 0.3%, causing its unemployment rate to rise by 0.8 percentage points. In contrast, Greater Melbourne saw employment growth of 3.0% and a labour force expansion of 3.3%, with unemployment rising by 0.3 percentage points. State-level data from 25-Nov-25 shows Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with an unemployment rate of 4.7%. National employment forecasts from May-25 suggest national employment will expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Caulfield North's employment mix indicates local employment should increase by 7.5% over five years and 15.0% over ten years, assuming constant population projections.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

The suburb of Caulfield North had an exceptionally high income level nationally according to AreaSearch aggregated ATO data for financial year 2023. The median income among taxpayers was $67,081 and the average income stood at $118,556, compared to Greater Melbourne's figures of $57,688 and $75,164 respectively. As of September 2025, estimates based on an 8.25% Wage Price Index growth would be approximately $72,615 (median) and $128,337 (average). According to the 2021 Census, household, family, and personal incomes in Caulfield North ranked highly nationally, between the 78th and 88th percentiles. Income analysis showed that the $1,500 - $2,999 earnings band captured 28.0% of the community (5,445 individuals), similar to the surrounding region where this cohort represented 32.8%. Higher earners made up a substantial presence with 37.0% exceeding $3,000 weekly, indicating strong purchasing power within the community. Housing accounted for 14.8% of income while strong earnings ranked residents within the 79th percentile for disposable income. The area's SEIFA income ranking placed it in the 9th decile.

Caulfield North displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

Caulfield North's dwelling structure, as per the latest Census, consisted of 36.2% houses and 63.8% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 47.8% houses and 52.1% other dwellings. Home ownership in Caulfield North was at 32.2%, with mortgaged dwellings at 26.7% and rented ones at 41.0%. The median monthly mortgage repayment was $2,500, higher than Melbourne metro's average of $2,396. Median weekly rent in Caulfield North was $422, compared to Melbourne metro's $435. Nationally, Caulfield North's mortgage repayments were significantly higher at $2,500 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.

Caulfield North features high concentrations of group households and lone person households, with a lower-than-average median household size

Family households constitute 62.4 percent of all households, including 26.6 percent couples with children, 28.1 percent couples without children, and 6.6 percent single parent families. Non-family households comprise the remaining 37.6 percent, with lone person households at 31.3 percent and group households making up 6.3 percent of the total. The median household size is 2.3 people, which is smaller than the Greater Melbourne average of 2.5.

Caulfield North shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Educational attainment in Caulfield North is notably high with 58.1% of residents aged 15 and above holding university qualifications, surpassing the national average of 30.4% and the Victorian average of 33.4%. This indicates a significant educational advantage for the area, positioning it strongly for knowledge-based opportunities. Bachelor degrees are the most prevalent at 37.2%, followed by postgraduate qualifications at 16.3% and graduate diplomas at 4.6%. Vocational pathways account for 17.9% of qualifications among those aged 15 and above, with advanced diplomas making up 9.8% and certificates 8.1%.

Educational participation is notably high in the area, with 31.9% of residents currently enrolled in formal education. This includes 10.7% in tertiary education, 8.0% in primary education, and 7.3% pursuing secondary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Caulfield North has 73 active public transport stops. These include train, light rail, and bus services. There are 9 individual routes operating in total.

Collectively, these routes provide 6,803 weekly passenger trips. Residents have excellent access to transport, with an average distance of 162 meters to the nearest stop. On average, there are 971 trips per day across all routes, which equates to approximately 93 weekly trips per individual stop.

Caulfield North's residents are extremely healthy with very low prevalence of common health conditions across all age groups

Analysis of health metrics shows strong performance throughout Caulfield North. The prevalence of common health conditions is very low across all age groups. Approximately 73% of the total population (14,279 people) has private health cover, compared to 65.8% across Greater Melbourne and a national average of 55.7%.

Mental health issues are the most common medical condition in the area, impacting 7.2% of residents, followed by asthma at 6.5%. A total of 74.1% of residents declare themselves completely clear of medical ailments, compared to 74.0% across Greater Melbourne. The area has 18.9% of residents aged 65 and over (3,675 people), higher than the 16.8% in Greater Melbourne. Health outcomes among seniors are particularly strong, broadly in line with the general population's health profile.

Caulfield North was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Caulfield North has a high level of cultural diversity, with 27.4% of its population speaking a language other than English at home and 38.0% born overseas. The predominant religion in Caulfield North is Judaism, making up 44.0% of the population, compared to 17.5% across Greater Melbourne. In terms of ancestry, the top three groups are Other (22.0%), Australian (18.3%), and English (14.8%).

Notably, Polish (7.4%) is overrepresented in Caulfield North compared to the regional average of 3.1%. Similarly, Russian (2.6% vs 2.2%) and South African (2.5% vs 1.4%) groups are also more prevalent than the Greater Melbourne averages.

Caulfield North's population is slightly younger than the national pattern

Caulfield North has a median age of 37, matching Greater Melbourne's figure and remaining comparable to Australia's median age of 38 years. The 15-24 age group is strongly represented at 15.6%, higher than Greater Melbourne's percentage, while the 35-44 cohort is less prevalent at 12.2%. Between 2021 and the present day, the 15 to 24 age group has grown from 12.8% to 15.6%, and the 75 to 84 cohort has increased from 5.2% to 6.5%. Conversely, the 65 to 74 cohort has declined from 10.6% to 9.3%. Looking ahead to 2041, demographic projections indicate significant shifts in Caulfield North's age structure. The 75 to 84 group is projected to grow by 61%, adding 770 people and reaching a total of 2,035 from its current figure of 1,264. Meanwhile, the 15 to 24 cohort is expected to grow by a modest 4%, with an increase of 117 people.