Chadstone

Chadstone lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

As of Nov 2025, the estimated population for the Chadstone statistical area (Lv2) is around 10,686. This figure reflects an increase of 1,134 people since the 2021 Census, which reported a population of 9,552. The change was inferred from AreaSearch's estimation of the resident population at 10,540 in June 2024, based on examination of the latest ERP data release by the ABS, and an additional 110 validated new addresses since the Census date. This results in a density ratio of 3,515 persons per square kilometer, placing Chadstone (SA2) in the upper quartile relative to national locations assessed by AreaSearch. The growth rate for Chadstone (SA2) since the 2021 census was 11.9%, exceeding both the national average of 9.7% and the state's growth rate. This growth was primarily driven by overseas migration, contributing 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 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, making 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. Future population trends indicate a significant increase is forecasted for the Chadstone statistical area (Lv2), with an expected rise of 3,180 persons by 2041 based on aggregated SA2-level projections. This reflects a total increase of 26.0% over the 17-year period.

AreaSearch analysis of residential development drivers sees Chadstone recording a relatively average level of approval activity when compared to local markets analysed countrywide

AreaSearch analysis of ABS building approval numbers shows Chadstone has averaged around 58 new homes approved annually. Between FY21-FY25, approximately 290 homes were approved, with another 28 approved in FY26 so far. Over the past five financial years, an average of 1.2 new residents arrived per new home built. However, this figure has accelerated to 6.9 people per dwelling over the past two financial years.

New properties are constructed at an average expected cost value of $783,000. This year has seen $29.6 million in commercial approvals, indicating robust local business investment. Chadstone maintains similar construction rates relative to Greater Melbourne, preserving market equilibrium.

Building activity shows 55.0% detached dwellings and 45.0% townhouses or apartments. The location has approximately 319 people per dwelling approval, suggesting room for growth. Population forecasts indicate Chadstone will gain 2,775 residents by 2041. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and underpinning price growth.

Chadstone has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Infrastructure changes significantly influence an area's performance. AreaSearch has identified six projects likely impacting this region. Major initiatives include Suburban Rail Loop East, 65A Power Avenue Social Housing, Ashwood Green, and Chadstone Activity Centre Plan.

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.

Employment conditions in Chadstone demonstrate exceptional strength compared to most Australian markets

Chadstone has a highly educated workforce with strong representation in professional services. The unemployment rate is 2.4%, with estimated employment growth of 4.8% over the past year as per AreaSearch aggregation of statistical area data.

As of September 2025, there are 6,264 residents employed, an unemployment rate of 2.2% below Greater Melbourne's rate of 4.7%, and workforce participation is at 66.1%. Employment is concentrated in health care & social assistance, professional & technical services, and retail trade. The area has a specialization in finance & insurance, with an employment share 1.5 times the regional level. Conversely, construction shows lower representation at 6.9% compared to the regional average of 9.7%.

Employment opportunities appear limited locally as indicated by Census working population vs resident population count. During the year to September 2025, employment levels increased by 4.8%, and labour force increased by 4.8%, keeping unemployment relatively stable at 2.3%. In contrast, Greater Melbourne experienced employment growth of 3.0% and labour force growth of 3.3%, with a rise in unemployment rate to 4.7%. State-level data to 25-Nov shows VIC employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 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 Chadstone's employment mix suggests local employment should increase by 6.9% over five years and 14.0% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not account for localized population projections.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

As per AreaSearch's latest postcode level ATO data released for financial year 2023, Chadstone's median income among taxpayers is $56,790. The average income in the suburb is $78,555. Nationally, these figures are high compared to Greater Melbourne's median of $57,688 and average of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Chadstone would be approximately $61,475 (median) and $85,036 (average) as of September 2025. Census 2021 income data shows household, family and personal incomes in Chadstone cluster around the 64th percentile nationally. Income analysis reveals that the largest segment comprises 31.4% earning $1,500 - 2,999 weekly (3,355 residents), mirroring the metropolitan region where 32.8% occupy this bracket. A substantial proportion of high earners, 30.3%, are above $3,000/week, indicating strong economic capacity throughout the suburb. High housing costs consume 17.4% of income, though strong earnings still place disposable income at the 63rd percentile nationally. The area's SEIFA income ranking places it in the 8th decile.

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

In Chadstone, as per the latest Census evaluation, 55.2% of dwellings were houses while 44.9% consisted of other types such as semi-detached homes, apartments, and 'other' dwellings. In contrast, Melbourne metropolitan area had 69.6% houses and 30.3% other dwellings. Home ownership in Chadstone stood at 25.5%, with mortgaged properties at 33.9% and rented ones at 40.5%. The median monthly mortgage repayment was $2,250, below Melbourne metro's average of $2,383. Median weekly rent in Chadstone was $421, compared to Melbourne metro's $440. Nationally, Chadstone's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Chadstone features high concentrations of group households, with a lower-than-average median household size

Family households constitute 68.3% of all households, including 30.4% couples with children, 25.3% couples without children, and 10.7% single parent families. Non-family households account for 31.7%, with lone person households at 23.9% and group households comprising 7.9%. The median household size is 2.5 people, smaller than the Greater Melbourne average of 2.7.

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

Chadstone's educational attainment significantly exceeds broader averages. Among residents aged 15+, 47.1% hold university qualifications, compared to the SA4 region's 29.8% and Australia's 30.4%. This high level positions Chadstone favourably for knowledge-based opportunities. Bachelor degrees are most common at 30.1%, followed by postgraduate qualifications (13.8%) and graduate diplomas (3.2%).

Vocational pathways account for 22.9% of qualifications among those aged 15+, with advanced diplomas at 10.8% and certificates at 12.1%. Educational participation is notably high, with 30.1% currently enrolled in formal education. This includes 9.1% in tertiary education, 7.8% in primary education, and 5.5% pursuing secondary education.

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

Chadstone has 29 active public transport stops, all of which are bus stops. These stops are served by 7 different routes that together facilitate 1,314 weekly passenger trips. The transport system in Chadstone is rated as good, with residents on average located 253 meters from the nearest stop.

On average, there are 187 trips per day across all routes, which amounts to approximately 45 weekly trips per individual stop.

Chadstone's residents are extremely healthy with younger cohorts in particular seeing very low prevalence of common health conditions

Analysis of health metrics shows strong performance throughout Chadstone. Younger cohorts in particular see very low prevalence of common health conditions.

The rate of private health cover is found to be very high at approximately 58% of the total population (~6,179 people), compared to 54.2% across Greater Melbourne. The most common medical conditions in the area are mental health issues and asthma, impacting 6.8 and 6.7% of residents respectively, while 75.7% declare themselves as completely clear of medical ailments, compared to 75.3% across Greater Melbourne. As of 2019, the area has 13.5% of residents aged 65 and over (1,442 people), which is lower than the 17.5% in Greater Melbourne. Health outcomes among seniors are above average, requiring more attention than the broader population.

Chadstone is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Chadstone has a high cultural diversity, with 51.8% speaking a language other than English at home and 49.8% born overseas. Christianity is the main religion in Chadstone, accounting for 43.4%. Judaism is overrepresented in Chadstone at 1.0%, compared to Greater Melbourne's 0.4%.

The top three ancestry groups are Other (16.4%), Chinese (15.9%), and English (13.8%). Notably, Greek (6.8%) and Sri Lankan (1.9%) groups are overrepresented in Chadstone.

Chadstone's population is younger than the national pattern

Chadstone's median age is 35 years, which is slightly younger than Greater Melbourne's 37 and somewhat younger than the national average of 38 years. The 25-34 age group makes up 21.7%, compared to Greater Melbourne's percentage, while the 5-14 cohort is less prevalent at 9.1%. This concentration of 25-34 year-olds is well above the national average of 14.5%. Between 2021 and now, the 15-24 age group has grown from 11.7% to 12.8%, while the 5-14 cohort has declined from 9.9% to 9.1%. By 2041, population forecasts indicate significant demographic changes for Chadstone. The 25-34 age cohort is projected to increase by 529 people (23%) from 2,318 to 2,848. Meanwhile, the 0-4 cohort grows by a modest 10% (58 people).