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 ABS population updates for the broader area, and new addresses validated by AreaSearch since the Census Cremorne's population is estimated at around 2,545 as of May 2026. This reflects an increase of 387 people (17.9%) since the 2021 Census, which reported a population of 2,158 people. The change is inferred from the resident population of 2,542, estimated by AreaSearch following examination of the latest ERP data release by the ABS (June 2025) and an additional 89 validated new addresses since the Census date. This level of population equates to a density ratio of 3,742 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Cremorne's 17.9% growth since the 2021 census exceeded the state (9.3%), along with the national average, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 81.0% of overall population gains during recent periods.

Evaluations of SA2 regions leverage local projections published by ABS and Geoscience Australia in 2024 using 2022 as a starting point. Where such statistics are missing, estimations combine state authority figures from 2023 by aggregating LGA-level trends down to SA2 zones. Age distribution growth rates generated through these methods are extended to cover 2032 through to 2041. Future demographic models suggest the suburb of Cremorne (Vic.) will experience expansion placing it within the highest quarter of Australian regions, adding 804 residents by 2041 via combined SA2 assessments, which translates to a total rise of 31.5% over the 16 years.

AreaSearch assessment of residential approval activity sees Cremorne among the top 30% of areas assessed nationwide

Evaluations of ABS building approvals mapped to local boundaries indicate that Cremorne averages roughly 22 residential construction approvals yearly. This represents an estimated 111 properties approved throughout the past 5 financial years (running from FY-21 to FY-25) alongside 5 approvals registered during the current FY-26 period. An average uptake of 2.2 additional occupants per year for every home finished between FY-21 and FY-25 points to a healthy demand level supporting local property valuations. Developers are focusing on high-end buyers, with new residential projects averaging a projected build cost of $1,035,000. Additionally, commercial building approvals have reached $136.3 million during the current financial year, demonstrating substantial commercial investment in the area.

Compared with Greater Melbourne, building activity in Cremorne is relatively strong, running 32.0% higher than the regional per capita benchmark over the 5 year timeframe, which ensures diverse choices for buyers while maintaining established housing values. The breakdown of new residential projects consists of 12.0% standalone houses and 88.0% multi-unit developments such as apartments or townhouses. This preference for higher-density housing options offers more affordable pathways to entry while appealing to downsizing owner-occupiers, property investors, and first-time buyers. Having approximately 76 residents for each approved dwelling highlights that this is a developing area.

Projections for the local population suggest that Cremorne will add 801 new inhabitants by 2041, according to the most recent quarterly estimates compiled by AreaSearch. While residential construction is keeping pace appropriately with this demand, home buyers are likely to encounter heightened competition as the resident population grows.

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

Local planning decisions, major commercial works, and infrastructure improvements remain key drivers of local performance. AreaSearch has identified a total of 26 development projects expected to influence the local area. Highly relevant projects include Matchworks Cremorne, 75-119 Cubitt Street, Cremorne Place, 120 Cremorne Street, and the 587-593 Church Street Hotel Development, with further details on key works provided in the lists below.

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

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AreaSearch analysis of employment trends sees Cremorne performing better than 85% of local markets assessed across Australia

Cremorne boasts a highly educated workforce with professional services holding a strong presence, alongside an unemployment rate of only 2.7% and an estimated employment growth of 5.6% over the previous year, according to AreaSearch aggregation of statistical area data. As of March 2026, 2,117 residents are employed while the local unemployment rate sits at 2.1% below Greater Melbourne's 4.8%, and workforce participation exceeds standard levels at 92.7% compared to Greater Melbourne's 70.2%. Census responses indicate that a substantial 53.6% of residents work from home, although the lingering effects of Covid-19 lockdowns should be taken into account.

The primary employment sectors for local residents consist of professional and technical services, healthcare and social assistance, and construction. The community displays a distinct specialization in the professional and technical services sector, employing residents at a rate 2.2 times the metropolitan average. Conversely, healthcare and social assistance accounts for only 10.7% of the local workforce, which is lower than the Greater Melbourne benchmark of 14.2%. With Census data showing 3.3 jobs available locally for every resident worker, the locality operates as a key employment destination that draws commuting workers from surrounding neighborhoods.

According to AreaSearch analysis of SALM and ABS data, which were aggregated from broader statistical areas, employment levels rose by 5.6% and the labour force grew by 5.8% during the year to March 2026, resulting in an increase of 0.2 percentage points in the unemployment rate. This trend differs from Greater Melbourne, where employment increased by 2.1%, the labour force expanded by 2.3%, and unemployment also rose by 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 provide additional context regarding potential future demand in Cremorne. These projections, which span five and ten-year periods, have been overlaid with the local employment profile to estimate growth patterns. Although national employment is projected to grow by 6.6% over five years and 13.7% over ten years, expansion rates vary considerably across different industry sectors. When these sector-specific projections are applied to Cremorne's employment composition, local employment is expected to rise by 7.3% over five years and 14.5% over ten years. It is important to note that this represents a simple weighting extrapolation for illustrative purposes and does not incorporate localised population projections.

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

ATO records for the postcode aggregated by AreaSearch indicate that taxpayers in Cremorne earned a median income of $84,641 and an average income of $113,042 during the 2023 financial year. These figures are exceptionally high by national standards, exceeding the Greater Melbourne median of $57,688 and average of $75,164. Adjusting these figures for a 9.62% increase in the Wage Price Index since the 2023 financial year yields estimated earnings of approximately $92,783 for the median and $123,917 for the average as of March 2026. Census data confirms that family, household, and individual earnings in the area are positioned in the top tiers nationally, placing between the 96th and 98th percentiles. Income distributions show that 31.9% of local earners fall into the top bracket of $4000+ weekly, representing 811 residents, which differs from the broader metropolitan area where the $1,500 - 2,999 range is most common at 32.8%. Local economic strength is highlighted by 49.0% of households earning weekly incomes above $3,000, supporting high levels of discretionary retail spend. Housing expenses account for 15.0% of local incomes, leaving residents in the 96th percentile for disposable funds, and the area ranks in the 10th decile on the SEIFA index for income.

Cremorne features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

The local housing stock at the time of the latest Census consisted of 11.4% standalone houses and 88.5% alternative dwellings including townhouses, semi-detached properties, and apartments, contrasting with metropolitan Melbourne where standalone houses made up 67.9% of stock and alternative dwellings accounted for 32.1%. Home ownership rates in the area lagged behind the metro average, standing at 18.0%, while the remaining properties were held under mortgages (31.6%) or occupied by tenants (50.4%). Median monthly mortgage obligations were significantly higher than the metropolitan average at $2,300, while median weekly rent was recorded at $550, compared to metro averages of $2,000 and $390 respectively. Nationally, local mortgage commitments are higher than the Australian median of $1,863, while weekly rents are also well above the national median of $375.

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

Families represent 52.3% of local households, consisting of 14.1% couples with children, 33.9% couples without children, and 3.2% single parent households. The remaining 47.7% are non-family households, which include lone person households at 33.6% and group housing arrangements at 14.0% of the total. The median size of local households is 2.0 residents, which is smaller than the metropolitan average of 2.6.

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

Qualifications held by local residents are exceptionally high compared to broader benchmarks, with 63.0% of the population aged 15+ holding a tertiary degree, compared to 30.4% across Australia and 33.4% across VIC. This educational pattern positions the local workforce well for opportunities in knowledge industries. Bachelor degrees are the most common qualification at 42.9%, followed by postgraduate degrees at 15.3% and graduate diplomas at 4.8%. Vocational education accounts for 18.5% of qualifications among residents aged 15+, consisting of advanced diplomas at 8.7% and certificate level qualifications at 9.8%.

A total of 22.3% of local residents are enrolled in some form of structured education. Within this student group, 9.3% are attending tertiary institutions, 4.4% are in primary school, and 3.7% are enrolled in secondary education.

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

Local transit analysis identifies 10 active public transport stops operating in the area, which consist of lightrail options. These stops are serviced by 7 distinct transit lines, providing a total of 4,515 passenger journeys each week. Public transport accessibility is good, with residents living an average of 222 meters from their nearest transit stop. Given the residential character of the neighborhood, most workers commute out of the area; private vehicles remain the primary travel mode at 52%, while 18% of residents walk to work and 18% travel by train. Household vehicle ownership averages 0.6 cars per dwelling, which is lower than the metropolitan average. A high proportion of residents, 53.6%, worked from home (according to the 2021 Census, which may reflect pandemic-era conditions).

Transit service frequency averages 645 scheduled trips daily across all active routes, which represents approximately 451 weekly trips servicing each individual stop.

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

Local health data shows highly favorable outcomes, with AreaSearch assessments of mortality and chronic disease indicating a low presence of common medical conditions across all age segments. Private health insurance coverage is exceptionally high, with approximately 71% of the population (1,813 people) holding cover, compared to 56.7% in Greater Melbourne and a national average of 55.7%.

Asthma and mental health conditions are the most prevalent health issues in the area, affecting 9.6% and 9.5% of residents respectively. Conversely, 74.5% of the population reported no chronic health conditions, which is higher than the Greater Melbourne average of 72.6%. The working-age population is generally healthy with a low incidence of chronic illness. Residents aged 65 and over represent 7.3% of the community (185 people), which is lower than the Greater Melbourne average of 15.0%. Seniors in the area experience particularly good health outcomes, ranking higher against national benchmarks than the general local population.

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

The local population displays moderate levels of cultural diversity, with 11.4% of residents speaking a language other than English in the home and 26.3% born outside Australia. Christianity is the most common religious affiliation, represented by 29.5% of the population. The most distinct relative overrepresentation is found in Judaism, which accounts for 0.6% of residents, compared to 1.0% across Greater Melbourne.

The primary ancestral origins reported by residents are English at 26.2% of the population (higher than the regional benchmark of 20.1%), Australian at 21.2%, and Irish at 11.6% (higher than the regional benchmark of 6.5%). Notable differences in other ancestral groups include French origins at 1.1% of the population (compared to 0.5% across the region), New Zealand heritage at 1.2% (compared to 0.5%), and Russian ancestry at 0.6% (compared to 0.4%).

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

The median age of residents is 31 years, which is younger than the Greater Melbourne average of 37 and the national median of 38. The suburb of Cremorne (Vic.) has a high concentration of young adults aged 25 - 34, who make up 38.9% of the population, compared to a lower proportion of children aged 5 - 14 at 4.6%. This young adult cohort is significantly larger than the national average of 14.6%. Since 2021, the 25 to 34 age bracket has increased from 37.7% to 38.9% of the population, while the 45 to 54 cohort decreased from 11.0% to 9.4%. Future demographic models suggest the local age profile will change by 2041, with the 25 to 34 age bracket expected to grow by 206 people (21%), expanding from 990 to 1,197 residents.