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 Feb 2026, the population of Caulfield North is estimated at around 19,452, reflecting an increase of 2,549 people since the 2021 Census. This growth represents a 15.1% increase from the previous census figure of 16,903 people. The change was inferred from AreaSearch's estimation of the resident population at 18,651 following examination of ABS data released in June 2024 and an additional 624 validated new addresses since the Census date. This level of population results in a density ratio of 4,631 persons per square kilometer, placing Caulfield North in the top 10% of national locations assessed by AreaSearch. The suburb's growth exceeded both the SA4 region (8.7%) and the national average since the 2021 Census. Overseas migration contributed approximately 87.0% of overall population gains during recent periods, driving this growth.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023 and applies adjustments using 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 suburb is forecasted to experience significant population increase in the top quartile of national statistical areas. By 2041, Caulfield North is expected to grow by 5,130 persons, reflecting a gain of 22.2% in total over the 17 years.

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

AreaSearch analysis of ABS building approval data shows Caulfield North had around 204 new home approvals per year over the past five financial years, totalling an estimated 1,024 homes. As of FY26, 18 approvals have been recorded. Historically, there has been approximately one new resident per year per dwelling constructed between FY21 and FY25. This suggests that new construction is meeting or exceeding demand, providing more options for buyers and potentially supporting population growth beyond current expectations.

The average expected construction cost value of new properties is $1,205,000, indicating a focus on the premium segment by developers. In FY26, Caulfield North has registered $30.8 million in commercial approvals, demonstrating high levels of local commercial activity. Compared to Greater Melbourne, Caulfield North has 84.0% more development activity per person, offering buyers ample choice. However, recent periods have seen a moderation in development activity. This level is significantly above the national average, indicating robust developer interest in the area. Recent construction in Caulfield North comprises 16.0% standalone homes and 84.0% townhouses or apartments, reflecting a shift from the area's existing housing composition of 36.0% houses. This focus on higher-density living creates more affordable entry points for downsizers, investors, and first-home buyers.

At around 119 people per approval, Caulfield North reflects an area with developing population growth. AreaSearch's latest quarterly estimate projects Caulfield North to add 4,329 residents by 2041. If current development rates continue, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting population growth beyond current projections.

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

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

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

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 is 4.0%, according to AreaSearch's aggregation of statistical area data. As of December 2025, there are 10,683 residents employed, with an unemployment rate of 0.8% lower than Greater Melbourne's rate of 4.8%.

Workforce participation in Caulfield North is somewhat below the standard at 69.1%, compared to Greater Melbourne's 71.3%. Census responses indicate that 45.9% of residents work from home, though Covid-19 lockdown impacts should be considered. The dominant employment sectors among residents include professional & technical, health care & social assistance, and education & training. Caulfield North has a particularly notable concentration in professional & technical services, with employment levels at 1.7 times the regional average.

Conversely, construction is under-represented, with only 5.1% of Caulfield North's workforce compared to Greater Melbourne's 9.7%. The area appears to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Between December 2024 and December 2025, the labour force decreased by 0.4% while employment declined by 0.7%, causing the unemployment rate to rise by 0.2 percentage points in Caulfield North. In Greater Melbourne, employment grew by 2.4%, labour force expanded by 2.8%, and unemployment rose by 0.3 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment is expected to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Caulfield North's employment mix suggests local employment should increase by 7.5% over five years and 15.0% over ten years, though these are simple weighting extrapolations for illustrative purposes and do not account for localised 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 has an exceptionally high income level nationally, according to the latest Australian Taxation Office data aggregated by AreaSearch for the financial year 2023. The median income among taxpayers in Caulfield North is $67,081, with the average income standing at $118,556. These figures compare to those for Greater Melbourne, which are $57,688 and $75,164 respectively. Based on a Wage Price Index growth of 8.25% since financial year 2023, current estimates would be approximately $72,615 (median) and $128,337 (average) as of September 2025. According to the 2021 Census figures, household, family, and personal incomes in Caulfield North all rank highly nationally, between the 78th and 88th percentiles. Income analysis reveals that 28.0% of the community (5,446 individuals) falls within the $1,500 - 2,999 earnings band, aligning with the surrounding region where this cohort likewise represents 32.8%. Higher earners make up a substantial presence, with 37.0% exceeding $3,000 weekly, indicating strong purchasing power within the community. Housing accounts for 14.8% of income, while strong earnings rank residents within the 79th percentile for disposable income. The area's SEIFA income ranking places it in the 9th decile.

Caulfield North displays a diverse mix of dwelling types, with above-average rates of outright home ownership

Caulfield North's dwelling structures, as per the latest Census, comprised 36.2% houses and 63.8% other dwellings. In comparison, Melbourne metro had 67.9% houses and 32.1% other dwellings. Home ownership in Caulfield North was 32.2%, similar to Melbourne's 32.2%. Dwellings were either mortgaged (26.7%) or rented (41.0%). The median monthly mortgage repayment was $2,500, higher than Melbourne's $2,000 and Australia's $1,863. Median weekly rent was $422, above Melbourne's $390 and Australia's $375.

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

Family households account for 62.4% of all households, including 26.6% couples with children, 28.1% couples without children, and 6.6% single parent families. Non-family households constitute the remaining 37.6%, with lone person households at 31.3% and group households making up 6.3%. The median household size is 2.3 people, which is smaller than the Greater Melbourne average of 2.6.

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

Caulfield North's educational attainment is notably higher than national averages. 58.1% of its residents aged 15 and above have university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the most common at 37.2%, followed by postgraduate qualifications (16.3%) and graduate diplomas (4.6%). Vocational pathways account for 17.9%, with advanced diplomas at 9.8% and certificates at 8.1%.

Educational participation is high, 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 72 active public transport stops, offering a mix of light rail and bus services. These stops are served by 9 different routes, collectively facilitating 6,803 weekly passenger trips. Transport accessibility is rated excellent, with residents located an average of 162 meters from the nearest stop. Predominantly residential, most residents commute outward. Car remains the primary mode of transport at 76%, while train usage stands at 10%. Vehicle ownership averages 1.0 per dwelling, below the regional average.

According to the 2021 Census, 45.9% of residents work from home, potentially due to COVID-19 conditions. Service frequency across all routes averages 971 trips per day, equating to approximately 94 weekly trips per stop.

Caulfield North's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Caulfield North's health outcomes show exceptional results, as assessed by AreaSearch using mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Approximately 73% of Caulfield North's total population of 14,281 people have private health cover, compared to 56.7% in Greater Melbourne and the national average of 55.7%.

Mental health issues and asthma are the most prevalent medical conditions, affecting 7.2 and 6.5% of residents respectively. A total of 74.1% of residents report being completely clear of medical ailments, compared to 72.6% in Greater Melbourne. The area has a higher proportion of seniors aged 65 and over at 19.4%, with 3,773 people falling into this age group, compared to 15.1% in Greater Melbourne. Health outcomes among seniors in Caulfield North are broadly in line with national rankings.

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, comprising 44.0% of the population, significantly higher than the regional average of 1.0%. 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 compared to the regional average of 0.8%, as are Russian (2.6% vs 0.4%) and South Australian (2.5% vs 0.4%) groups.

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

Caulfield North's median age is 37, matching Greater Melbourne's figure and closely resembling Australia's median of 38 years. The 15-24 age group comprises 16.1%, higher than Greater Melbourne's percentage, while the 35-44 cohort stands at 12.0%. Between 2021 and present, the 15-24 age group has risen from 12.8% to 16.1%, and the 75-84 cohort has increased from 5.2% to 7.0%. Conversely, the 65-74 group has decreased from 10.6% to 9.3%, and the 5-14 age group has fallen from 10.6% to 9.4%. By 2041, demographic projections indicate significant shifts in Caulfield North's age structure. Notably, the 25-34 cohort is projected to grow by 21% (756 people), reaching a total of 4,355 from its current figure of 3,598. Meanwhile, the 15-24 age group is expected to grow modestly by 3% (90 people).