Cremorne (Vic.)

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

Based on analysis of Australian Bureau of Statistics (ABS) population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Cremorne (Vic.) had an estimated population of around 2,500 as of Nov 2025. This reflects an increase of 342 people (15.8%) since the 2021 Census, which reported a population of 2,158 people in the suburb. The change is inferred from the resident population of 2,458, estimated by AreaSearch following examination of the latest Estimated Residential Population data release by the ABS (June 2024), and an additional 84 validated new addresses since the Census date. This level of population equates to a density ratio of 3,676 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Cremorne's 15.8% growth since the 2021 census exceeded the national average (8.9%), along with the state average, marking it as a growth leader in the region. Population growth for the suburb was primarily driven by overseas migration that contributed approximately 81.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the VIC State Government's Regional/LGA projections released in 2023 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 also applied across all areas for years 2032 to 2041. Considering the projected demographic shifts, a significant population increase in the top quartile of statistical areas analysed by AreaSearch is forecast, with the suburb expected to grow by 783 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 24.9% in total over the 17 years.

Residential development activity is lower than average in Cremorne according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers indicates Cremorne has experienced around 16 dwellings receiving development approval each year. Approximately 81 homes were approved over the past five financial years, from FY-21 to FY-25, with an additional four approved so far in FY-26. On average, 0.2 new residents arrive per new home built annually over these five years.

This suggests that new construction is meeting or exceeding demand, offering more housing options and enabling population growth. The average expected construction cost value of new dwellings is $1,035,000, indicating developers are targeting the premium market segment with higher-end properties. In FY-26, Cremorne has recorded $79.0 million in commercial development approvals, reflecting strong local business investment. Compared to Greater Melbourne, Cremorne maintains similar development levels per person, preserving market balance consistent with the broader area.

However, recent periods have seen increased development activity. The majority of new development consists of townhouses or apartments (82%), with standalone homes making up 18%. This trend towards denser development provides accessible entry options for downsizers, investors, and first-time buyers. Cremorne reflects a developing area, with around 98 people per approval. Looking ahead, Cremorne is projected to grow by 623 residents by 2041, according to the latest AreaSearch quarterly estimate. Development is keeping pace with projected growth, though increasing competition among buyers is expected as the population expands.

Cremorne 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 26 projects likely to affect the area. Notable projects include Matchworks at 560 Church Street, Cremorne; the 587-593 Church Street Hotel Development; the 475-481 Church Street Mixed-Use Development; and Bridge + Palmer at 609 Bridge Road. The following list details 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 exceptional employment performance in Cremorne places it among Australia's strongest labour markets

Cremorne has an educated workforce with professional services well represented. The unemployment rate is 2.5%, lower than the Greater Melbourne average of 4.6%.

Employment growth over the past year was estimated at 6.6%. As of June 2025, 1,946 residents are employed, with an unemployment rate of 2.2% compared to Greater Melbourne's 4.6%. Workforce participation is high at 84.6%, above Greater Melbourne's 64.1%. Key employment sectors include professional & technical, health care & social assistance, and construction.

Cremorne specializes in professional & technical services, with an employment share of 2.2 times the regional level. However, health care & social assistance is under-represented at 10.7% compared to Greater Melbourne's 14.2%. The area hosts more jobs than residents, with a worker-to-resident ratio of 3.3:1. Over the past year, employment increased by 6.6%, labour force by 7.0%, leading to an unemployment rise of 0.4 percentage points. In contrast, Greater Melbourne saw employment growth of 3.5% and labour force growth of 4.0%, with a 0.5 percentage point increase in unemployment. Jobs and Skills Australia's national employment forecasts from Sep-22 suggest Cremorne's employment should increase by 7.3% over five years and 14.5% over ten years, based on industry-specific projections applied to Cremorne's employment mix.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

AreaSearch's latest postcode level ATO data for financial year 2022 shows that Cremorne has one of the highest incomes nationally. The median income is $84,641 and the average income stands at $113,042. In contrast, Greater Melbourne's median income is $54,892 with an average income of $73,761. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates for Cremorne would be approximately $94,933 (median) and $126,788 (average) as of September 2025. The 2021 Census data ranks household, family, and personal incomes in Cremorne between the 96th and 98th percentiles nationally. The predominant income cohort spans 31.9% of locals (797 people) with earnings of $4000 or more, differing from metropolitan patterns where incomes between $1500 and $2999 dominate at 32.8%. Cremorne's economic strength is evident with 49.0% of households earning high weekly incomes exceeding $3000, supporting elevated consumer spending. Housing accounts for 15.0% of income while strong earnings rank residents within the 96th percentile for disposable income. The area's SEIFA income ranking places it in the 10th decile.

Cremorne features a more urban dwelling mix with significant apartment living, with ownership patterns similar to the broader region

Cremorne's dwelling structure, as per the latest Census, had 11.4% houses and 88.5% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Melbourne metro had 12.8% houses and 87.2% other dwellings. Home ownership in Cremorne was at 18.0%, with mortgaged dwellings at 31.6% and rented ones at 50.4%. The median monthly mortgage repayment in Cremorne was $2,300, below Melbourne metro's average of $2,326. The median weekly rent figure in Cremorne was $550, compared to Melbourne metro's $451. Nationally, Cremorne's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Cremorne features high concentrations of group households and lone person households, with a fairly typical median household size

Family households comprise 52.3% of all households, including 14.1% couples with children, 33.9% couples without children, and 3.2% single parent families. Non-family households account for the remaining 47.7%, with lone person households at 33.6% and group households comprising 14.0%. The median household size is 2.0 people, which matches the Greater Melbourne average.

Educational achievement in Cremorne places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Cremorne's educational attainment is notably higher than national averages. 63.0% of residents aged 15+ have university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the most common at 42.9%, followed by postgraduate qualifications (15.3%) and graduate diplomas (4.8%). Vocational pathways account for 18.5% of qualifications, with advanced diplomas at 8.7% and certificates at 9.8%.

A significant 22.3% of the population is currently engaged in formal education, including 9.3% in tertiary education, 4.4% in primary education, and 3.7% pursuing secondary education. Educational facilities may be located outside Cremorne's immediate boundaries, requiring residents to access schools in neighboring areas.

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

The analysis of public transport in Cremorne indicates that there are currently ten active transport stops operating within the area. These stops offer a mix of train and light rail services, with six individual routes collectively providing 2,781 weekly passenger trips. The accessibility of transport is rated as good, with residents typically located approximately 220 meters from their nearest transport stop.

The service frequency averages 397 trips per day across all routes, equating to roughly 278 weekly trips per individual stop.

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

Cremorne shows excellent health outcomes across all age groups, with very low prevalence of common health conditions. Approximately 71% (1,781 people) have private health cover, significantly higher than the national average of 55.3%.

The most prevalent medical conditions are asthma and mental health issues, affecting 9.6% and 9.5% of residents respectively. A total of 74.5% report being free from medical ailments, compared to 70.6% in Greater Melbourne. Cremorne has a lower proportion of seniors aged 65 and over, at 7.2% (180 people), than Greater Melbourne's 12.1%. Despite this, health outcomes among seniors are strong and align with the general population's profile.

The level of cultural diversity witnessed in Cremorne was found to be above average when compared nationally for a number of language and cultural background related metrics

Cremorne's population showed above-average cultural diversity, with 11.4% speaking a language other than English at home and 26.3% born overseas. Christianity was the predominant religion in Cremorne, accounting for 29.5%. Notably, Judaism was slightly overrepresented compared to Greater Melbourne, comprising 0.6% of Cremorne's population.

The top three ancestry groups were English (26.2%), Australian (21.2%), and Irish (11.6%). Some ethnic groups showed notable differences: French (1.1%) and New Zealand (1.2%) were overrepresented, while Russian was slightly higher at 0.6%.

Cremorne hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Cremorne has a median age of 32, which is younger than Greater Melbourne's average of 37 and significantly lower than Australia's national average of 38. Compared to Greater Melbourne, Cremorne has a higher percentage of residents aged 25-34 (38.4%) but fewer residents aged 5-14 (4.8%). This concentration of 25-34 year-olds is notably higher than the national average of 14.5%. According to post-2021 Census data, the percentage of Cremorne's population aged 75-84 has increased from 1.9% to 2.6%, while the percentage of residents aged 45-54 has decreased from 11.0% to 9.8%. By 2041, demographic modeling indicates that Cremorne's age profile will change significantly. The 45-54 age group is projected to grow by 63%, adding 155 residents and reaching a total of 400.