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. The suburb's resident population was estimated at 18,651 by AreaSearch following examination of the latest ERP data release by the ABS in June 2024, with an additional 624 validated new addresses since the Census date contributing to this increase. This results in a population 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 rate of 15.1% since the 2021 Census exceeded both the SA4 region (8.7%) and the national average, marking it as a growth leader in the area. Overseas migration contributed approximately 87.0% of overall population gains during recent periods. AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year, and utilising VIC State Government's Regional/LGA projections released in 2023 for areas not covered by this data, with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels.

Growth rates by age group from these aggregations are applied across all areas for years 2032 to 2041. Based on aggregated SA2-level projections, the suburb is forecasted to grow by 5,105 persons to 2041, reflecting a gain of 21.5% in total over the 17-year period.

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

Based on AreaSearch analysis of ABS building approval numbers, Caulfield North has seen around 204 new homes approved per year over the past five financial years. This totals an estimated 1,022 homes from FY-21 to FY-25. So far in FY-26, 16 approvals have been recorded. On average, each dwelling constructed accommodates one new resident annually.

The average construction value of these dwellings is $1,205,000, indicating a focus on the premium segment. In FY-26, commercial approvals amount 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, indicating a shift from the area's existing housing composition of 36.0% houses. At around 119 people per approval, Caulfield North reflects an increasing population due to development activity. Future projections estimate that Caulfield North will add 4,179 residents by 2041. Current development rates suggest new housing supply should comfortably meet demand in the area.

Future projections show Caulfield North adding 4,179 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 affecting the region. Notable ones include Caulfield Village - Stage 9219-229 Balaclava Road Mixed-Use Development at Caulfield Village, and Caulfield Station Upgrade. Below is a list of those most 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 professional services showing strong representation. The unemployment rate was 4.1% as of September 2025. This rate is 0.6% below Greater Melbourne's rate of 4.7%.

Workforce participation in Caulfield North is broadly similar to Greater Melbourne's 71.0%. According to Census responses, 45.9% of residents work from home, although 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.

However, construction is under-represented, with only 5.1% of Caulfield North's workforce compared to 9.7% in Greater Melbourne. The area appears to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. During the year to September 2025, the labour force increased by 0.5%, while employment declined by 0.3%, causing the unemployment rate to rise by 0.8 percentage points in Caulfield North. This compares to Greater Melbourne where employment grew by 3.0%, labour force expanded by 3.3%, and unemployment rose by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment is forecast to expand by 6.6% over five years and 13.7% over ten years. Applying these industry-specific projections to Caulfield North's employment mix suggests local employment should increase by 7.5% over five years and 15.0% over ten years, although these are simple weighting extrapolations for illustrative purposes and do not take into account 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 ATO data aggregated by AreaSearch for the financial year 2023. The median income among taxpayers in Caulfield North is $67,081 and the average income stands at $118,556. These figures compare to those of Greater Melbourne, which are $57,688 and $75,164 respectively. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for median income in Caulfield North would be approximately $72,615 as of September 2025, with average income estimated at $128,337 during the same period. According to figures from the 2021 Census, household, family and personal incomes all rank highly in Caulfield North, between the 78th and 88th percentiles nationally. Income analysis reveals that 28.0% of individuals in Caulfield North earn between $1,500 - 2,999 weekly, aligning with the surrounding region where this cohort 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 costs account for 14.8% of income in Caulfield North, and residents rank 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, consisted of 36.2% houses and 63.8% other dwellings (semi-detached, apartments, 'other' dwellings). This differed from Melbourne metro's figures of 67.9% houses and 32.1% other dwellings. Home ownership in Caulfield North was 32.2%, similar to Melbourne metro, with mortgaged dwellings at 26.7% and rented ones at 41.0%. The median monthly mortgage repayment in the area was $2,500, higher than Melbourne metro's average of $2,000. Median weekly rent in Caulfield North was recorded at $422, compared to Melbourne metro's $390. Nationally, Caulfield North's mortgage repayments were significantly higher than 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 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 comprising 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. Among residents aged 15+, 58.1% have university qualifications, compared to 30.4% nationally and 33.4% in Victoria. 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 light rail and bus services. These are served by 9 routes, facilitating 6,803 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 162 meters to the nearest stop. Most residents commute outward from this predominantly residential area. Cars remain the primary mode of transport at 76%, while train usage stands at 10%. The average vehicle ownership per dwelling is 1.0, lower than the regional average.

According to the 2021 Census, 45.9% of residents work from home, possibly due to COVID-19 conditions. Service frequency averages 971 trips daily across all routes, equating to approximately 94 weekly trips per individual 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 shows excellent health outcomes according to AreaSearch's analysis of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Private health cover is exceptionally high at approximately 73% of the total population (14,281 people), compared to 56.7% in Greater Melbourne and 55.7% nationally.

Mental health issues and asthma are the most common 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 19.3%, with 3,754 people, compared to 15.1% in Greater Melbourne. Health outcomes among seniors are strong and align with national rankings for the general population.

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 high cultural diversity, with 27.4% speaking a language other than English at home and 38.0% born overseas. The dominant religion is Judaism, at 44.0%, compared to Melbourne's 1.0%. Top ancestry groups are Other (22.0%), Australian (18.3%), and English (14.8%).

Notably, Polish is overrepresented at 7.4%, Russian at 2.6%, and South African at 2.5%.

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

Caulfield North's median age is 37, matching Greater Melbourne and closely aligning with Australia's figure of 38 years. The 15-24 age group comprises 15.9%, higher than Greater Melbourne, while the 35-44 cohort stands at 12.0%. Between 2021 and present, the 15-24 age group has risen from 12.8% to 15.9%, and the 75-84 cohort has increased from 5.2% to 6.9%. Conversely, the 65-74 cohort has decreased from 10.6% to 9.3%, and the 35-44 group has fallen from 13.2% to 12.0%. By 2041, demographic projections indicate significant shifts in Caulfield North's age structure. The 45-54 group is projected to grow by 33%, adding 724 people and reaching 2,942 from 2,217. Meanwhile, the 15-24 cohort is expected to grow by a modest 2%, an increase of 62 people.