Princes Hill

Suburb (SAL)

Greater Melbourne / Yarra

 
 
 
 
 
 
 
Data Sources ABSValuer GeneralRental BoardACARA Newest Aug 2026 · Refreshed ABS QuickStats SAL22122 How we calculate this
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Suburb (SAL) Boundary Analysis

This analysis uses Suburbs and Localities (SAL) boundaries, which can materially differ from Statistical Areas (SA2) even when sharing the same name.

SAL boundaries are defined by Australia Post and the Australian Bureau of Statistics to represent commonly-known suburb names used in postal addresses.

Statistical Areas (SA2) are designed for census data collection and may combine multiple suburbs or use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.

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Sales ActivityProperty Sales Trends in Princes Hill

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DemographicsPopulation Growth in Princes Hill

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Princes Hill has an estimated 2,167 residents, up from 2,005 at the 2021 Census — a change of 162 people, or 8.1%. Overseas migration accounts for 87.0% of that increase. That puts 5,040 residents on each square kilometre. Population is estimated from ABS Estimated Resident Population releases and GNAF address data, re-based from the 2021 Census and updated annually.

Detail

Princes Hill has an estimated population of approximately 2,167 as of May 2026, according to calculations derived from ABS population releases and new address data verified by AreaSearch since the Census. Compared to the 2,005 residents recorded in the 2021 Census, this represents an addition of 162 people, or an 8.1% expansion. The figure is calculated from the resident population of 2,167, determined by AreaSearch through analysing the latest ABS ERP release (June 2025) along with 2 validated new addresses registered after the Census. This population level yields a density of 5,039 persons per square kilometer, placing the suburb of Princes Hill in the highest 10% of all areas analyzed by AreaSearch, pointing to high land demand.

The 8.1% post-census growth rate of the suburb of Princes Hill is within 1.2 percentage points of the state average of 9.3%, indicating solid growth conditions. This population increase was mostly driven by overseas migration, which accounted for roughly 87.0% of the total population gains in recent times. AreaSearch incorporates projections from ABS and Geoscience Australia for individual SA2 sectors, which were published in 2024 using 2022 as the baseline. For SA2 regions lacking this coverage, projections from the VIC State Government's 2023 release for LGAs and Regions are utilized, adjusted by weighting and aggregating population growth from LGA to SA2 tiers. The age group growth rates from these aggregations are projected forward for the years 2032 to 2041. Based on these demographic forecasts, the suburb of Princes Hill is expected to see substantial growth, placing it in the top quarter of Australian statistical areas, with a projected increase of 484 persons by 2041 using aggregated SA2 data, representing a total growth of 22.3% over the 16 years.

Frequently Asked Questions - Population

What is the latest population estimate for the suburb of Princes Hill?
Total population for the suburb of Princes Hill was estimated to be approximately 2,167 as at May 26. This is based upon an estimated resident population of 2,167 from the ABS up to June 2025.
How has the population in the suburb of Princes Hill changed since 2021?
The suburb of princes hill has added approximately 162 people and shown a 8.08% increase from the 2,005 people recorded at the 2021 Census period.
What is the population density in the suburb of Princes Hill?
The population density in the suburb of Princes Hill is estimated at 5,039 persons per square kilometer based on the latest population estimate.
How much has the population grown over the past 10 years in the suburb of Princes Hill?
Over the past 10 years, the population in the suburb of Princes Hill has shown a compound annual growth rate of -0.5% per annum.
What are the main drivers of population growth in the suburb of Princes Hill?
Population growth in the suburb of Princes Hill is driven by: Overseas migration (87.0%), Natural increase (13.0%), Interstate migration (0.0%). The primary driver is Overseas migration, contributing 87.0% of overall population gains.

Residential SupplyHousing Development & Building Approvals in Princes Hill

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Detail

According to building approval figures from the ABS compiled for statistical areas by AreaSearch, Princes Hill averages about 1 approved dwelling each year. Over the last 5 financial years (from FY-21 to FY-25), 8 residential approvals were granted, whereas no approvals have been recorded during FY-26. Given the local population contraction, this rate of building has been relatively sufficient, which benefits prospective buyers, while new residences carry an average construction value of $1,384,000, indicating a developer focus on high-end, premium properties. Princes Hill exhibits a significantly lower rate of residential construction compared to Greater Melbourne, falling 90.0% below the metropolitan average on a per capita basis.

Although building volume has risen in recent times, this low supply tends to support valuation levels and demand for existing houses. Construction rates are also below national benchmarks, pointing to a mature market and potential development limits. Furthermore, all recent approvals have consisted of medium and high-density projects, offering more budget-friendly options and catering to downsizers, investors, and first-time buyers. The ratio of approximately 862 residents for every approval underscores the established nature of the suburb. Looking forward, the population of Princes Hill is projected to increase by 484 residents by 2041 based on the most recent quarterly projections from AreaSearch. If the current pace of development persists, the supply of new housing may not keep pace with population growth, which could intensify competition among buyers and drive up property prices.

Frequently Asked Questions - Development

How many dwelling approvals have occurred in the suburb of Princes Hill recently?
Dwelling approval activity in the the suburb of Princes Hill area has seen 5 residential approvals over the past two financial years, based on AreaSearch's SA2 aggregation method. The suburb of Princes Hill's current population of 2,167 has been supported by 1 approvals on average over recent years.
How does the suburb of Princes Hill's development activity compare to the broader region?
The suburb of Princes Hill has seen 0.07 approvals per 100 people in recent years, compared to 0.9 approvals in the broader region. This means that one dwelling has been approved for every 862 people in the suburb of Princes Hill, compared to one for every 125 in the broader region.
Is the suburb of Princes Hill keeping up with housing demand?
With the population expected to increase by 484 people by 2041, around 242 new dwellings will be necessary. Recent approval levels may be insufficient to meet these forecasts, considering the census average of 2.0 persons per dwelling. This indicates potential housing shortages if current approval trends continue.
What has been the trend in development approvals over the past five years in the suburb of Princes Hill?
Looking at development activity over the past five years, the suburb of Princes Hill's approval levels have been consistent with the yearly average of 1, showing stable development patterns.
How many dwellings will be needed to accommodate future population growth in the suburb of Princes Hill?
The population in the suburb of Princes Hill is expected to grow by 484 people by 2041, necessitating approximately 242 new dwellings. This calculation is based on the current census average of 2.0 persons per dwelling in the area.
How does recent development compare to population growth in the suburb of Princes Hill?
Over the past five years, the suburb of Princes Hill has seen 8 residential approvals while population has remained stable or declined, indicating potential market oversupply.
Are there opportunities for residential developers in the suburb of Princes Hill?
With dwelling approval activity running at an average of 1 approvals per year and a population of 2,167, there appears to be a supply shortfall relative to projected demand, presenting strong opportunities for residential developers. With the population expected to increase by 484 people by 2041, around 242 new dwellings will be necessary. Current approval trends may be insufficient to meet forecast demand, indicating strong development opportunities.
Approvals Pipeline Development applications near Princes Hill

Development applications around Princes Hill

Development approvals is a new addition to AreaSearch. We’re actively expanding council coverage and refining the dataset — details and statuses for some councils may be partial. Check back regularly for the latest pipeline.
Application search is not available in Victoria. AreaSearch holds 1 application for Princes Hill, but they are a record of past activity rather than a current register. Victoria has no state-wide planning portal and its council coverage is uneven, so we have switched the search off here rather than return partial answers. We are currently investigating a solution. No credits are charged for Victorian applications, and building approvals from the ABS and the major projects we track are unaffected.

SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.

Project PipelineInfrastructure & Major Projects in Princes Hill

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AreaSearch tracks 160 current infrastructure and development projects close to Princes Hill, worth an estimated $63.8 billion. 45 are already under construction and 49 are due for completion within three years. The pipeline spans residential development, communities, precincts & urban renewal and communities. Records are compiled from Infrastructure Australia, state agencies, council planning portals and public announcements, reviewed and updated daily, then ranked by proximity, construction stage, completion horizon and project scale.

Detail

Local infrastructure projects, major planning changes, and community initiatives are primary drivers of real estate trends. In this suburb, no projects have been identified by AreaSearch as having a likely impact on local property. The primary regional works include the Brunswick and Parkville Level Crossing Removals, the M205 Carlton Water Main Renewal, Parkville Quarter, and Bellini Fitzroy North, with details on the most relevant listings provided below.

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Frequently Asked Questions - Infrastructure

What are some of the major infrastructure and planning changes likely to influence the suburb of Princes Hill?
Key infrastructure and planning changes likely to influence the suburb of Princes Hill include: Brunswick and Parkville Level Crossing Removals (Planning); M205 Carlton Water Main Renewal (Completed); Parkville Quarter (Construction); Bellini Fitzroy North (Completed); and Saxon Street by Milieu (Approved). These projects represent significant developments that will shape the area's future infrastructure landscape.
What types of infrastructure projects are impacting the suburb of Princes Hill?
Infrastructure development impacting the suburb of Princes Hill spans multiple sectors including Transport & Logistics, Residential Development, and Communities, Precincts & Urban Renewal, among others.
What is the scale of infrastructure investment impacting the suburb of Princes Hill?
Infrastructure investment analysis indicates substantial capital deployment exceeding $22.0 billion in projects that will impact the extended area, with a notable concentration of investment within the immediate the suburb of Princes Hill vicinity.
How does the suburb of Princes Hill's infrastructure development compare to other areas?
The suburb of Princes Hill ranks in the top 10% nationally for infrastructure development, reflecting exceptional investment activity compared to similar areas across the country.
Piedimonte Supermarket Redevelopment
Category: Communities, Precincts & Urban Renewal
Stage: Approved | Est. Comp: 2028
Source / Links: Link 1   Link 2  

The Piedimonte Supermarket Redevelopment is a mixed-use project in Fitzroy North that received VCAT approval in May 2021. The plan involves the demolition of the existing 1960s supermarket to make way for a new two-level 5,473sqm supermarket, 66 apartments, townhouses, and a cafe. The project includes the restoration of heritage facades on Scotchmer and Best Streets. As of April 2026, the project is under review by the developer following Yarra City Council's September 2025 decision to reject the sale of a critical laneway required for the full scope of the approved design.

Communities, Precincts & Urban Renewal

Drummond House
Category: Residential Development
Stage: Construction | Est. Comp: 2027
Source / Links: Link 1   

13-storey fully electric residential building with 49 house-sized apartments targeting 8.7-star energy rating. Designed by Fender Katsalidis Architects with smart home technology, wellness amenities, and sustainable design features. Built by Balmain & Co with interiors by Sora Interior Architects.

Residential Development

Errol Street Private Hospital
Category: Health & Medical
Stage: Approved | Est. Comp: 2028
Source / Links: Link 1   Link 2  

A 10-story private hospital and healthcare facility located in the Parkville Biomedical Precinct. The development features 223 overnight beds, 10 ICU rooms, 7 operating theatres, and 3 basement levels. The project was fast-tracked via the Victorian Government Development Facilitation Program to enhance specialized medical services including imaging and pathology near existing major public hospitals.

Health & Medical

Brunswick and Parkville Level Crossing Removals
Category: Transport & Logistics
Stage: Planning | Est. Comp: 2030
Source / Links: Link 1   Link 2  

The project removes 8 level crossings on the Upfield Line between Albion Street, Brunswick and Park Street, Parkville by constructing a 2.1km elevated rail bridge. It includes building two new accessible stations in Brunswick to replace existing stations, unlocking new community open space and upgraded walking and cycling paths. Early works are scheduled to begin in 2028, with major construction starting in 2029 and project completion in 2030.

Transport & Logistics

Royal Park Master Plan Review
Category: Communities, Precincts & Urban Renewal
Stage: Planning | Est. Comp: 2026
Source / Links: Link 1   Link 2  

City of Melbourne is finalising the Royal Park Master Plan following extensive community consultation completed in 2024-2025. The updated plan will guide the long-term management of Melbourne's largest inner-city park, with priorities including biodiversity conservation, sustainable park design, improved accessibility, recreation, and integration of Wurundjeri Woi-wurrung cultural values and Caring for Country principles. A landscape architect has been engaged to refine the draft plan ahead of consideration by the Future Melbourne Committee.

Communities, Precincts & Urban Renewal

Parkville Quarter
Category: Residential Development
Stage: Construction | Est. Comp: 2027

A masterplanned community delivering over 400 apartments and townhouses with landscaped gardens, a retail precinct, and access to Royal Park and the new Parkville Metro station. NOTE: this project could not be independently verified against any source and its details should be treated as unconfirmed.

Residential Development

Saxon Street by Milieu
Category: Communities
Stage: Construction | Est. Comp: 2027
Source / Links: Link 1   

Nine-level mixed-use development by Milieu with 78 apartments (one, two and three-bedroom), ground-floor retail space, and a communal rooftop terrace with city views. Designed by Jackson Clements Burrows Architects, interiors by DesignOffice, landscaping by OCULUS. Located on the corner of Dawson and Saxon Street in the Merri-bek Arts and Culture Precinct, adjacent to Brunswick Baths, Library, Town Hall and Balam Balam Place. All-electric operation, average 7.5-star NatHERS rating, rooftop solar PV, EV charging readiness, natural ventilation and passive design.Replaces the former Brosnan Centre. Builder is Manresa Constructions (McCorkell Brown Group). Move-in scheduled for early 2027.

Communities

Edison North Fitzroy
Category: Residential Development
Stage: Construction | Est. Comp: 2026
Source / Links: Link 1   Link 2  

Sustainable residential development featuring 17 fossil fuel free residences designed by Austin Maynard Architects. The project achieves an 8-star NatHERS rating and features all-electric family homes with natural ventilation and ground floor retail activation in the heart of Fitzroy North Village.

Residential Development

Jobs & IndustryEmployment Trends in Princes Hill

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1,284 residents of Princes Hill are employed, from a labour force of 1,381. Unemployment sits at 7.0%, with participation at 72.0%. Weighted for its industry mix, the area's sectors are forecast to grow about 7.3% nationally over five years. That reflects industry composition only and makes no allowance for local population growth. The working-day population is estimated at 1,735, about 80% of the resident population, so more people leave the area for work than travel in. Unemployment and labour force come from ABS Small Area Labour Markets, updated quarterly; the industry and occupation profile is from the 2021 Census.

Detail

The workforce in the area is highly qualified, with strong representation in the technology sector, an unemployment rate of 7.0%, and estimated jobs growth of 4.1% over the prior year, according to AreaSearch calculations for statistical areas. As of March 2026, there are 1,284 employed residents, with the local unemployment rate sitting 2.3% higher than the 4.8% average for Greater Melbourne, while labor participation is close to the metropolitan rate of 70.2%. Census figures show that a substantial 52.3% of residents performed their jobs from home, though this may reflect the influence of Covid-19 restrictions.

Resident employment is primarily centered in professional & technical services, health care & social assistance, and education & training. The local workforce is highly specialized in professional & technical services, which represents a share 1.8 times greater than the metropolitan average. On the other hand, construction represents just 3.4% of local employment, compared to the wider metropolitan average of 9.7%. Comparing the Census count of local jobs against the resident workforce suggests that this mainly residential suburb offers few local employment opportunities. AreaSearch analysis of SALM and ABS data for broader statistical areas indicates that the local labor force expanded by 3.7% and employment grew by 4.1% over the 12-month period, leading to a 0.4 percentage point reduction in unemployment. Over the same timeframe, Greater Melbourne saw employment rise by 2.1%, labor force expand by 2.3%, and the unemployment rate tick up by 0.2 percentage points. National employment projections from May-25 by Jobs and Skills Australia provide further context regarding future demand. These five and ten-year forecasts have been applied to the local industry mix to model potential growth. Although overall national employment is projected to grow by 6.6% over five years and 13.7% over ten years, the rates vary by industry. Projecting these industry-specific trends onto the local employment structure suggests that resident employment could grow by 7.3% over five years and 14.8% over ten years, though this is a simple weighted extrapolation that does not account for local population changes.

Frequently Asked Questions - Employment

What is the employment situation in the suburb of Princes Hill?
As of March 2026, the suburb of Princes Hill has approximately 1,284 employed residents with an unemployment rate of 7.0%. The elevated unemployment rate suggests challenging labour market conditions. Employment indicators are below the national average, suggesting room for improvement.
How does the suburb of Princes Hill's unemployment rate compare to the broader region?
As of March 2026, the unemployment rate in the suburb of Princes Hill stands at 7.0%, which is 2.3 percentage points above Greater Melbourne's rate of 4.8%. This higher unemployment rate may indicate local labour market challenges. For comparison, the national unemployment rate is 4.2%.
What are the major employment sectors in the suburb of Princes Hill?
The employment landscape in the suburb of Princes Hill is dominated by several key sectors. The largest employers are professional & technical (18.0% of employment), health care & social assistance (15.1%), and education & training (12.7%). Other significant employers include retail trade and accommodation & food.
How has employment changed recently in the suburb of Princes Hill?
Over the past year to March 2026, the suburb of Princes Hill has experienced employment growth, with total employment increasing while the labour force increased. As a result, the unemployment rate has fall. By comparison, Greater Melbourne saw employment increased and its unemployment rate rose.
What is the workforce participation rate in the suburb of Princes Hill?
The workforce participation rate in the suburb of Princes Hill is 72.0%, which represents the proportion of working-age residents who are either employed or actively seeking work. This high participation rate indicates strong workforce engagement and economic vitality. The local rate leading the Greater Melbourne average of 70.2%, showing similar workforce dynamics to the broader region.
Which industries are over-represented in the suburb of Princes Hill's employment market?
The suburb of princes hill shows notable specialization in professional & technical, which employs 18.0% of the local workforce compared to 10.1% regionally. This concentration suggests the area has developed competitive advantages in this sector. The area also shows above-average employment in 1 other sectors, contributing to a distinctive economic profile.
What are the employment growth prospects for the suburb of Princes Hill?
Based on Jobs and Skills Australia projections applied to the suburb of Princes Hill's industry mix, employment is expected to grow by 7.3% over the next five years and 14.8% over ten years. This exceeds the national forecast of 6.6% over five years, suggesting the area's industry composition is well-positioned for future growth. Steady growth is anticipated across multiple sectors, providing diverse employment opportunities.
How does the job market in the suburb of Princes Hill compare nationally?
The suburb of princes hill's employment market shows below-average performance in national comparisons. While employment opportunities exist, the area faces more challenges than many other regions. Recent job advertisement trends show the broader employment region saw a 8.9% decline, ranking 34.0th out of 37 regions nationally.
What employment opportunities exist for skilled workers in the suburb of Princes Hill?
Skilled workers will find excellent opportunities in the suburb of Princes Hill, with knowledge-intensive sectors comprising 54.0% of local employment. Key sectors for skilled workers include professional & technical (18.0%), health care & social assistance (15.1%), and education & training (12.7%). With projected employment growth of 7.3% over five years, demand for skilled workers is expected to remain strong.

EarningsHousehold Income in Princes Hill

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Median household income in Princes Hill is $2,218 a week (about $115,000 a year), with median personal income at $1,156 a week. ATO records put median taxable income at $61,106 a year against an average of $100,381. The average runs 64% above the median, a wider spread than most areas and a sign of a concentrated group of high earners. Household income is from the 2021 Census; taxable income is from ATO Taxation Statistics for the latest financial year available, indexed forward using the ABS Wage Price Index.

Detail

Taxpayer data from the ATO compiled by AreaSearch for financial year 2023 indicates that the income level in Princes Hill is extremely high compared to national figures. The median income for taxpayers is $61,106 and the average income is $100,381, compared to Greater Melbourne averages of $57,688 and $75,164. Adjusting these figures for a Wage Price Index growth of 9.62% since financial year 2023 yields estimated values of approximately $66,984 for the median and $110,038 for the average as of March 2026. According to the Census, household, family, and personal incomes all place highly, ranking between the 79th and 88th percentiles nationally.

Income distribution figures show that 28.3% of the population (representing 613 people) earn $4,000 or more, contrasting with the broader metropolitan area where the $1,500 - 2,999 range is the most common at 32.8%. The large proportion of high earners (with 37.6% earning over $3,000 weekly) points to substantial financial resources in the suburb. Housing costs consume 14.8% of income, while high earnings place residents in the 79th percentile for disposable income, and the area ranks in the 8th decile on the SEIFA income index.

Frequently Asked Questions - Income

What is the median taxable income in the suburb of Princes Hill?
Based on Wage Price Index adjustments to March 2026, the estimated median taxable income in the suburb of Princes Hill is approximately $66,984. The official ATO data from FY-23 recorded a median of $61,106.
What is the average taxable income in the suburb of Princes Hill?
Based on Wage Price Index adjustments to March 2026, the estimated average taxable income in the suburb of Princes Hill is approximately $110,038. The official ATO data from FY-23 recorded an average of $100,381.
How does the median taxable income in the suburb of Princes Hill compare to the region?
Based on Wage Price Index adjustments to March 2026, the estimated median taxable income in the suburb of Princes Hill is approximately $66,984 compared to $63,238 in Greater Melbourne. The official ATO data from FY-23 shows $61,106 and $57,688 respectively.
How does the average taxable income in the suburb of Princes Hill compare to the region?
Based on Wage Price Index adjustments to March 2026, the estimated average taxable income in the suburb of Princes Hill is approximately $110,038 compared to $82,395 in Greater Melbourne. The official ATO data from FY-23 shows $100,381 and $75,164 respectively.
What are the main income cohorts in the suburb of Princes Hill according to the 2021 Census?
As per the 2021 Census, the income bracket containing the largest proportion (~28.3% / 613 persons) of the suburb of Princes Hill's population is the $4000+ cohort.
How do the main income cohorts in the suburb of Princes Hill compare to the region?
The largest income cohort in the suburb of Princes Hill is the $4000+ group, representing about 28.3% of the population. In comparison, Greater Melbourne's largest income cohort is the $1,500 - 2,999 group, representing 32.8% of its population, according to the 2021 Census.
What is the median household income in the suburb of Princes Hill according to the 2021 Census?
The 2021 Census data indicates that the median household income in the suburb of Princes Hill is $2,218/wk.
What is the median family income in the suburb of Princes Hill according to the 2021 Census?
According to the 2021 Census, the median family income in the suburb of Princes Hill is $2,924/wk.
What is the median personal income in the suburb of Princes Hill according to the 2021 Census?
The 2021 Census shows that the median personal income in the suburb of Princes Hill is $1,156/wk.
How does the suburb of Princes Hill's income rank nationally?
As per AreaSearch's latest postcode level ATO data released for FY-23, the suburb of Princes Hill's median income among taxpayers is $61,106, with an average of $100,381. This is among the top percentile nationally, and compares to Greater Melbourne's median of $57,688 and average of $75,164. Based on Wage Price Index growth of 9.62% since FY-23, current estimates would be approximately $66,984 (median) and $110,038 (average) as of March 2026.
What is the disposable income in the suburb of Princes Hill?
The estimated disposable income in the suburb of Princes Hill is $8,186 per year according to AreaSearch analysis.
How does the suburb of Princes Hill's disposable income compare to the region?
The suburb of princes hill's disposable income is $8,186 compared to $6,948 for Greater Melbourne, based on AreaSearch analysis.

Housing StockHousing & Dwellings in Princes Hill

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Princes Hill had 849 occupied dwellings at the 2021 Census, 14% detached houses and 29% apartments. 17% are owned with a mortgage, 45% rented and 37% owned outright. At that Census the median rent was $462 a week and the median mortgage repayment $3,000 a month, a total housing cost higher than 75% of areas nationally. Rent absorbs 20.8% of household income here and mortgage repayments 31.2%. Dwelling stock, tenure and housing costs are 2021 Census measures — the only source that counts dwellings at this boundary size.

Detail

Census data reveals that the local dwelling mix consists of 14.1% houses and 85.9% other types of housing, such as semi-detached homes, townhouses, and apartments, compared to 67.9% houses and 32.1% other dwellings across metropolitan Melbourne. The rate of home ownership is 37.3%, which is higher than the Melbourne metropolitan average, with the remaining homes occupied by buyers with a mortgage (17.3%) or renters (45.3%). The median monthly mortgage payment of $3,000 and the median weekly rent of $462 are both higher than the respective metropolitan averages of $2,000 and $390.

Globally, mortgage payments are higher than the Australian average of $1,863, and weekly rents are above the national average of $375.

Frequently Asked Questions - Housing

What percentage of homes are owned vs rented in the suburb of Princes Hill?
In the suburb of Princes Hill, 37.3% of homes are owned outright, 17.3% are owned with a mortgage, and 45.3% are rented.
What percentage of dwellings in the suburb of Princes Hill are houses?
According to the latest data, 14.1% of dwellings in the suburb of Princes Hill are houses.
What percentage of dwellings in the suburb of Princes Hill are apartments or units?
In the suburb of Princes Hill, 28.6% of dwellings are apartments or units, with an additional 56.8% being semi-detached dwellings.
What is the level of outright home ownership in the suburb of Princes Hill?
Outright home ownership in the suburb of Princes Hill stands at 37.3%, compared to 30.7% in Greater Melbourne.
What is the median monthly mortgage repayment in the suburb of Princes Hill?
The median monthly mortgage repayment in the suburb of Princes Hill is $3,000, compared to $2,000 in Greater Melbourne.
What is the median weekly rent in the suburb of Princes Hill?
The median weekly rent in the suburb of Princes Hill is $462, compared to $390 in Greater Melbourne.
What is the distribution of rental prices in the suburb of Princes Hill?
In the suburb of Princes Hill, 11.4% of rentals are $0-149/week, 20.2% are $150-349/week, 43.0% are $350-649/week, 19.6% are $650-949/week, and 5.8% are $950+/week.
What is the average monthly housing cost in the suburb of Princes Hill?
The aggregate monthly housing cost in the suburb of Princes Hill is $1,425, which represents the average monthly cost across all housing types.
What percentage of income do residents spend on housing in the suburb of Princes Hill?
In the suburb of Princes Hill, households with mortgages typically spend 31.2% of their income on mortgage repayments, while renters spend 20.8% of their income on rent.
How crowded are homes in the suburb of Princes Hill?
The average persons per bedroom ratio in the suburb of Princes Hill is 0.9, indicating the level of household density.
How does housing affordability in the suburb of Princes Hill compare to the region?
Housing affordability in the suburb of Princes Hill shows mortgage holders spending 31.2% of income on repayments (vs 24.3% regionally), while renters spend 20.8% of income on rent (vs 20.5% regionally).
What types of dwellings are most common in the suburb of Princes Hill?
The dwelling mix in the suburb of Princes Hill consists of 14.1% detached houses, 56.8% semi-detached dwellings, 28.6% apartments, and 0.5% other dwelling types.
What is the weighted average housing cost based on tenure mix in the suburb of Princes Hill?
Accounting for the local ownership mix, the weighted average monthly housing cost is approximately $1,425. This accounts for outright owners paying no housing costs, mortgage holders paying $3,000/month, and renters paying $2,000/month.
How affordable is housing in the suburb of Princes Hill relative to local incomes?
Housing in Princes Hill consumes approximately 14.8% of median household income ($9,604 monthly), indicating costs are highly affordable. The generally accepted benchmark is that housing should not exceed 30% of household income.
How do proposed developments compare to existing housing types in the suburb of Princes Hill?
Development activity remains minimal in this area with fewer than 5 recent applications recorded.

HouseholdsHousehold Composition in Princes Hill

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Princes Hill counted 849 households at the 2021 Census, an estimated 918 today, averaging 2.2 people each. 20% are couples with children, fewer than in 87% of areas nationally, against 28% couples without children. 32% of households are people living alone, and families average 1.1 children. Household and family composition is measured only by the Census, so these are 2021 figures.

Detail

Family households make up 57.1% of the local area, which includes couples with children at 20.0%, couples without children at 28.2%, and single-parent homes at 7.7%. Non-family households represent the remaining 42.9%, comprising single-person households at 32.1% and group households at 10.7%. The median household size of 2.2 individuals is smaller than the average of 2.6 for Greater Melbourne.

Frequently Asked Questions - Households

How many households are in the suburb of Princes Hill?
As of the 2021 Census, the suburb of Princes Hill had 849 households. Based on population growth patterns, this has grown by approximately 8.1% to an estimated 918 households today.
What is the typical household size?
The median household size in the suburb of Princes Hill is 2.2 people. This compares to 2.6 in Greater Melbourne and reflects the area's household composition mix.
What types of households are most common?
Family households dominate at 57.1% of all households. The remaining households consist of lone person households (32.1%), group households (10.7%), and other household types (0.0%).
How are families structured in the area?
Among the 484 family households, 20.0% are couples with children, 28.2% are couples without children at home, and 7.7% are single parent families. This mix shapes local demand for schools, family services, and housing types.
How does the suburb of Princes Hill compare to regional household patterns?
Compared to Greater Melbourne, the suburb of Princes Hill shows distinct household patterns. Lone person households are notably over-represented at 32.1% (versus 24.8% regionally). Conversely, family households are under-represented at 57.1% compared to the regional 70.9%. This higher proportion of single-person households drives demand for smaller dwellings and different community services.
What is the average family size?
Families in the suburb of Princes Hill have an average of 1.1 children, slightly below the Greater Melbourne average of 1.4. This influences local demand for child-related services and larger family homes.
What are the marriage patterns in the suburb of Princes Hill?
Marriage patterns reveal 34.7% of the adult population are currently married, while 52.0% have never married. This compares to 47.0% married and 38.0% never married across Greater Melbourne.
How significant are single-person households?
Single-person households represent 32.1% of all households in the suburb of Princes Hill, higher than the regional average of 24.8%. This affects demand for smaller dwellings and single-person accommodation.
Are shared living arrangements common?
Group households (unrelated people sharing) account for 10.7% of households, well below the Greater Melbourne average of 4.3%. This low rate suggests limited student or young professional shared accommodation.
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EducationSchools & Education in Princes Hill

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63.4% of adults in Princes Hill hold a university qualification, including 35.1% with a bachelor degree and 22.7% with postgraduate qualifications, higher than 85% of areas nationally. A further 7.8% hold a vocational qualification. 2 schools serve the area, with 1,170 enrolment places and an average ICSEA of 1,150 against a national benchmark of 1,000. Qualifications come from the 2021 Census; school enrolments, ICSEA and results come from ACARA's current release.

Detail

The proportion of residents with tertiary education is significantly higher than broader benchmarks, with 63.4% of those aged 15 and older holding a university degree, compared to 30.4% in Australia and 33.4% in VIC. This educational profile positions the community well for professional services and knowledge-based roles. Among these qualifications, bachelor degrees account for 35.1%, followed by postgraduate degrees at 22.7%, and graduate diplomas at 5.6%. Technical qualifications are held by 14.5% of residents aged 15 and over, which includes advanced diplomas at 6.7% and certificates at 7.8%. A high proportion of the population is engaged in study, with 29.5% of residents enrolled in formal education.

This includes 12.4% attending tertiary institutions, 6.6% in primary school, and 5.6% in secondary education.

Frequently Asked Questions - Education

What percentage of people in the suburb of Princes Hill have university qualifications?
63.4% of people aged 15 and over in the suburb of Princes Hill have university qualifications, compared to 37.0% in the broader region.
What percentage of people in the suburb of Princes Hill have no formal qualifications?
22.1% of people aged 15 and over in the suburb of Princes Hill have no formal qualifications, compared to 35.2% regionally.
How does the suburb of Princes Hill's education level compare to national averages?
The suburb of princes hill ranks in the 85th percentile nationally for education based on AreaSearch's analysis of qualification and performance metrics.
What types of qualifications are most common in the suburb of Princes Hill?
The most common qualifications in the suburb of Princes Hill are: Bachelor Degree (35.1%), Postgraduate (22.7%), Certificate (7.8%).
What proportion of the suburb of Princes Hill's population is currently attending educational institutions?
29.5% of the population in the suburb of Princes Hill is currently engaged in formal education, with 6.6% in primary school, 5.6% in secondary school, 12.4% at university.
What is the ICSEA score for schools in the suburb of Princes Hill?
The average ICSEA (Index of Community Socio-Educational Advantage) score for schools in the suburb of Princes Hill is 1150, indicating above-average socio-educational advantage compared to the national average of 1000.
How many schools are located within the suburb of Princes Hill?
There are 2 schools within the suburb of Princes Hill, with a combined enrollment of approximately 1,170 students.
What types of schools are available in the suburb of Princes Hill?
The suburb of princes hill includes 1 primary school, 1 secondary school.

Schools Detail

AmenitiesServices & Amenities in Princes Hill

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Getting AroundTransport & Commuting in Princes Hill

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Getting around Princes Hill means driving: households keep an average of 0.8 vehicles, and scheduled services reach only a handful of stops. Service data is built from operators' published GTFS timetables; vehicle ownership is from the 2021 Census.

Detail

Public transport options include 2 active transit stops within the suburb, consisting of lightrail services. These stops are served by 2 separate routes, which carry a total of 3,411 passengers weekly. Transit access is rated as good, with residents living an average of 247 meters from the nearest stop. The suburb is primarily residential, and most workers commute out of the area. Private vehicles remain the primary transit mode at 55%, while 14% of residents cycle and 13% walk. Vehicle ownership stands at an average of 0.8 cars per household, which is below metropolitan averages.

A significant 52.3% of residents work from home, based on 2021 Census figures which may reflect pandemic-related restrictions. Transit service frequency averages 487 daily trips across all routes, which translates to roughly 1705 weekly trips per stop.

Frequently Asked Questions - Transport

How many public transport stops are in Princes Hill?
There are 2 public transport stops within the suburb of Princes Hill.
How frequent are the transport services in Princes Hill?
the suburb of Princes Hill has 3,411 weekly trips across 2 routes, averaging 487 trips per day.
How far are residents from public transport in Princes Hill?
On average, residential properties are 247 meters from the nearest transport stop.

Transport Stops Detail

HealthcareHealth Services in Princes Hill

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68.3% of residents in Princes Hill report no long-term health condition, a healthier profile than 81% of areas nationally. 3.6% need daily assistance with core activities, and 66.3% hold private health cover. The standardised death rate runs at 4.0 per 1,000 residents. Health conditions, assistance needs and insurance are 2021 Census measures; the death rate comes from current ABS releases.

Detail

Health indicators compiled by AreaSearch based on mortality statistics and chronic disease rates show excellent outcomes, with low levels of common medical conditions across all age cohorts. Additionally, the proportion of residents with private health insurance is very high at approximately 66% of the population (equivalent to 1,437 individuals), compared to 56.7% across Greater Melbourne and a national average of 55.7%. Mental health concerns and asthma represent the most frequent medical conditions, affecting 9.8% and 7.6% of residents respectively. Conversely, 68.3% of the population reported no chronic health issues, compared to 72.6% in Greater Melbourne.

Health statistics are strong for residents under 65, and seniors aged 65 and over make up 20.8% of the population (comprising 450 people) compared to 15.0% in Greater Melbourne. Health outcomes among these senior residents are robust, with national rankings aligning with the overall population.

Frequently Asked Questions - Health

How many people in the suburb of Princes Hill have private health insurance?
Around 66.3% of people in the suburb of Princes Hill are covered by private health insurance, which compares to 56.7% in the broader region of Greater Melbourne.
What percentage of the population requires ongoing medical assistance in the suburb of Princes Hill?
In the suburb of Princes Hill, 3.6% of the population is identified as requiring ongoing medical assistance. This figure is slightly different from the regional average, where 5.5% of people in Greater Melbourne require similar assistance.
How prevalent is asthma in the suburb of Princes Hill?
7.6% of people in the suburb of Princes Hill are diagnosed with asthma. In comparison, 7.3% of the population across Greater Melbourne is affected by asthma.
What percentage of people have diabetes in the suburb of Princes Hill?
Diabetes affects 2.3% of the the suburb of Princes Hill population, while in the surrounding region, 4.1% of people are diagnosed with diabetes.
What is the percentage of people with heart disease in the suburb of Princes Hill?
3.5% of people in the suburb of Princes Hill have heart disease. Across the region of Greater Melbourne, 3.1% of the population is affected by heart disease.
How does the suburb of Princes Hill compare to the region in terms of overall private health coverage?
In the suburb of Princes Hill, 66.3% of the population are estimated to have private health insurance. Comparatively, Greater Melbourne sees an estimated private health coverage rate of 56.7%.

Ancestry & LanguageCultural Diversity in Princes Hill

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Princes Hill is largely Australian-born, at 77.1% of residents, with 16.0% speaking a language other than English at home. The largest reported ancestries are English (23.7%) and Australian (17.3%). Ancestry, language and country of birth are counted only by the Census, so these are 2021 figures.

Detail

The area has a higher-than-average level of cultural diversity, with 22.9% of residents born outside Australia and 16.0% speaking a non-English language at home. Christianity is the primary religion, followed by 32.0% of the population. The most prominent religious overrepresentation is Judaism, which accounts for 1.0% of residents, compared to 1.0% across Greater Melbourne. In terms of ancestral backgrounds, the three most common origins are English (23.7%), Australian (17.3%), and Irish (13.1%), with the Irish share being significantly higher than the regional average of 6.5%. Other notable ethnic ancestries include Italian at 9.4% of the population (compared to 5.2% across the region), Polish at 1.2% (compared to 0.8% regionally), and Scottish at 9.3% (compared to 5.6% regionally).

Frequently Asked Questions - Diversity

What is the level of cultural diversity in the suburb of Princes Hill?
Princes Hill was found to be above average in terms of cultural diversity, with 22.9% of its population born overseas and 16.0% speaking a language other than English at home.
What is the most common religion in the suburb of Princes Hill?
The main religion in Princes Hill was found to be Christianity, which makes up 32.0% of people in Princes Hill. However, the most apparent overrepresentation was in Judaism, which comprises 1.0% of the population, compared to 1.0% across Greater Melbourne.
What are the top countries of origin in the suburb of Princes Hill?
In terms of ancestry (country of birth of parents), the top three represented groups in Princes Hill are English, comprising 23.7% of the population, Australian, comprising 17.3% of the population, and Irish, comprising 13.1% of the population, which is substantially higher than the regional average of 6.5%. Additionally, there are notable divergences in the representation of certain other ethnic groups: Italian is notably overrepresented at 9.4% of Princes Hill (vs 5.2% regionally), Polish at 1.2% (vs 0.8%) and Scottish at 9.3% (vs 5.6%).
How does the percentage of people born overseas compare to the regional average?
22.9% of the the suburb of Princes Hill population was born overseas, compared to 37.3% regionally.
What percentage of the the suburb of Princes Hill population speaks a language other than English at home?
16.0% of the population in the suburb of Princes Hill speaks a language other than English at home, compared to 35.9% in the wider region.
How many people in the suburb of Princes Hill identify as Australian Aboriginal?
0.2% of the the suburb of Princes Hill population identifies as Australian Aboriginal, compared to 0.5% in the region.
What is the citizenship status of the population in the suburb of Princes Hill?
88.1% of the the suburb of Princes Hill population holds citizenship, compared to 81.1% in the wider region.

Age StructureAge Profile of Princes Hill

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The median resident of Princes Hill is 38. That is 1 year younger than at the 2021 Census. 35.9% of residents are aged 15 to 34. Age cohorts are not raw Census counts: the Census split is re-based to the latest ABS population estimates and state projections.

Detail

The median age of 38 matches the national median and is close to the Greater Melbourne average of 37. Compared to Greater Melbourne, there is a higher proportion of young adults aged 25 - 34 (23.5%) and a lower proportion of children aged 5 - 14 (7.3%). The proportion of 25 - 34 year-olds is significantly higher than the national average of 14.6%. Since the 2021 Census, this 25 to 34 age group increased from 19.4% to 23.5% of the population, and the 75 to 84 bracket rose from 6.4% to 8.0%.

On the other hand, the 45 to 54 cohort fell from 11.0% to 9.1% and the 5 to 14 cohort declined from 8.7% to 7.3%. By 2041, demographic projections suggest the 45 to 54 group will increase by 47% (representing an additional 91 people) to reach 289 from 197, while the number of residents in the 15 to 24 age bracket will show an increase of change of exactly no residents.

Frequently Asked Questions - Age

What is the median age in the suburb of Princes Hill?
According to the latest data, the median age in the suburb of Princes Hill is 38 years.
How does the suburb of Princes Hill's median age compare to broader areas?
At 38 years, Princes Hill is comparable to the Greater Melbourne average (37 years) and similarly aligned with equal to the national average.
What age groups are over-represented in the suburb of Princes Hill?
The most over-represented age group in the suburb of Princes Hill compared to the Greater Melbourne region is the 25 - 34 group, making up 23.5% of the population.
What age groups are under-represented in the suburb of Princes Hill?
The most under-represented age group in the suburb of Princes Hill compared to the Greater Melbourne region is the 5 - 14 group, making up 7.3% of the population.
Are there age groups with notable population variances?
Yes, certain age groups in the suburb of Princes Hill show significant variance compared to the Greater Melbourne region. The most over-represented age groups are 75-84 year-olds (8.0% vs 5.1%) and 25-34 year-olds (23.5% vs 16.5%). The most under-represented age group is 5-14 year-olds (7.3% vs 11.9%).
What is the percentage of children (0-14 years) in the suburb of Princes Hill?
The percentage of children aged 0-14 years in the suburb of Princes Hill is 11.2%.
What is the percentage of older people (65+ years) in the suburb of Princes Hill?
The percentage of people aged 65 and over in the suburb of Princes Hill is 20.8%.

Data & MethodBoundaries, Sources & Method for Princes Hill

Data currency Refreshed

9 of 14 data sections on this page were updated within the last 12 months — the newest current to Aug 2026.

Everything is aggregated to the Suburb (SAL) boundary shown above, on a 2021 Census baseline. Only 3 sections — housing, households and cultural diversity — still wait on the 2026 Census.

The ledger — source, cycle and currency by section

Section Source & update cycle Currency
Updated within the last 12 months 9 sections
Population ABS, GNAF, Geoscience Australia Annual (ABS ERP) May 2026 3 months ago headline measures · 2021 Census baseline
Re-based to the ABS Estimated Resident Population (June 2025 release) and updated with new dwellings from GNAF address data. Current to May 2026, with the 2021 Census supplying the small-area baseline.
Age profile ABS, Geoscience Australia, State governments Annual May 2026 3 months ago headline measures · 2021 Census baseline
Age cohorts are re-based to the latest ABS population estimates and state projections, current to May 2026. Each cohort is held as a Census baseline and a current estimate.
Development & approvals ABS, GNAF Monthly (ABS approvals) Jun 2026 2 months ago headline measures · May 2026 baseline
Property sales & rents Valuer General, Rental Board, ABS Weekly sales, quarterly rents Aug 2026 this month all 21 measures
Sales from the state Valuer General register, refreshed weekly, and rents from quarterly rental bond lodgements. Both are read live each time this page loads, current to Aug 2026.
Infrastructure projects Infrastructure Australia, Local governments Daily May 2026 3 months ago all 2 projects tracked here
Project pipeline maintained continuously from Infrastructure Australia, state agencies, local government and public announcements. Records are added and revised daily; this area was last updated May 2026.
Employment ABS, DEWR, JSA Quarterly (ABS SALM) Mar 2026 5 months ago headline measures · 2021 Census baseline
Unemployment and labour force from ABS Small Area Labour Markets, current to Mar 2026. The growth outlook applies Department of Employment (now Jobs and Skills Australia) forecasts for all 19 industry divisions to the local industry mix, so it measures sector composition rather than local expansion and makes no allowance for population growth. Job demand comes from the same agency via its Internet Vacancy Index; industry and occupation structure from the 2021 Census.
Education ABS, ACARA Annual (ACARA) Aug 2026 this month headline measures · 2021 Census baseline
Transport ABS, State Transport Departments Each timetable release Jul 2026 last month headline measures · 2021 Census baseline
Services & amenities Provider directories, ACECQA Continuous Jul 2026 last month all 14 measures
Annual and financial-year sources 2 sections
Income ABS, ATO Annual (ATO) FY 2023 3 years ago headline measures · 2021 Census baseline
ATO taxable income statistics for FY 2023, indexed forward using the Wage Price Index. Census household income provides the distribution detail.
Health ABS, ATO Annual 2024 2 years ago headline measures · 2021 Census baseline
Census-measured — next update: 2026 Census 3 sections No more current small-area source exists for these, so they are labelled as Census-measured rather than implied to be current.
Housing ABS 5-yearly (Census) 2021 Census next update 2026 all 30 measures
Households ABS 5-yearly (Census) 2021 Census next update 2026 all 18 measures
Cultural diversity ABS, Geoscience Australia 5-yearly (Census) 2021 Census next update 2026 all 44 measures

"Currency" is the most recent release feeding that section. Where the Census supplies the structural baseline underneath a current headline figure, the row says so.

How the numbers are built

Population

The Census provides the small-area baseline, aggregated from mesh blocks to this boundary. It is then re-based to the ABS Estimated Resident Population (June 2025 release), and new dwellings built since Census night are counted from address data — 2 validated new addresses here. The headline figure is therefore a current estimate for May 2026, not a 2021 count (2,005 at the 2021 Census → 2,167 now). Annual growth rates are compound (CAGR), not simple averages.

Age profile

Cohort shares are not raw Census counts. Every cohort is held as a pair — the Census baseline and a current estimate — and the split is re-based using ERP and state population projections, current to May 2026. Median age is the Census median plus modelled change since. Charts that show both are labelled "2021 Census vs Current Estimate".

Property sales

Sourced from the state valuation authority's sales register — current, not Census, and refreshed weekly. Medians are calculated from settled transactions in the period shown; periods with very low transaction counts are flagged or suppressed, because a handful of sales can move a median substantially.

Rents

Derived from state rental bond lodgement data, by dwelling type and bedroom count. Bonds are lodged at the start of a new tenancy, so this reflects new lettings, not the whole rented stock.

Development & infrastructure

Building approvals come from current ABS releases; development applications are collected from council and state planning portals; the infrastructure pipeline is compiled from Infrastructure Australia and local government sources. Applications are matched to this boundary by address or coordinates, so very recent lodgements may not yet appear.

Employment & income

Industry and occupation structure comes from the Census, but the headline labour-market indicators do not. Unemployment and labour force are derived from ABS Small Area Labour Markets (quarterly). The employment outlook applies Department of Employment forecasts for all 19 industry divisions to this area's own industry mix (the agency is now Jobs and Skills Australia), as does the Internet Vacancy Index used for job demand. Because it is weighted on industry composition alone, that outlook carries no allowance for local population growth — in fast-growing areas the real rise in local jobs will typically be higher. Income combines Census household income with ATO taxable-income statistics for FY 2023, indexed forward using the Wage Price Index.

Education, transport & amenities

School enrolments, ICSEA and performance come from ACARA's current release, not the Census. Public transport stops and service frequency are derived from GTFS timetable feeds published by state transport departments. Services and amenities are proximity and count scores built from provider directories, refreshed on their own cycle. The Census contributes only the travel-to-work and qualification measures.

Rankings and benchmarks. Where we rank this area, the comparison set is every area of the same boundary type — suburbs against suburbs, SA2s against SA2s. Benchmarks compare this area against its greater capital city region and the national figure for the same measure and period.

Limits worth knowing. Small areas carry larger error margins, and the ABS introduces small random adjustments to Census counts to protect confidentiality — so totals may not sum exactly. Estimates re-based from regional data describe the area's expected trajectory, not a direct count of it. Figures are indicative for research and are not financial, planning or valuation advice.

Cross-check us. The Census baseline for this boundary is at ABS 2021 Census QuickStats (SAL22122). QuickStats reports 2021 only — the figures on this page are more current wherever the ledger shows a later date.

Common questions about this page

How do Princes Hill suburb boundaries differ from Statistical Areas?
This page uses Suburbs and Localities (SAL) boundaries (suburb-style geography). SAL represents commonly-known suburb names used in addresses, while Statistical Areas (SA2) are designed for census/statistical reporting. Even when sharing the same name, SAL and SA2 boundaries often cover different geographic areas with different populations.
Where does the data on this Princes Hill page come from?
AreaSearch compiles this page from official and industry sources — including ABS, Geoscience Australia, Valuer General, Provider directories, DEWR, JSA, State Transport Departments and ACARA — then aggregates them to the boundary shown and calculates the rankings, growth rates and benchmarks itself. Property sales come from the state valuation authority, rents from state rental bond lodgements, development applications from council and state planning portals, school data from ACARA, and public transport from state transport departments.
Is the Princes Hill data on this page just from the 2021 Census?
No. Most of this page is maintained well beyond the Census. Sourced entirely from current releases: development & approvals (Jun 2026), property sales & rents (Aug 2026), infrastructure projects (May 2026) and services & amenities (Jul 2026). Built on a Census baseline but carrying newer measures on top: population (to May 2026), age profile (to May 2026), employment (to Mar 2026), income (to FY 2023), education (to Aug 2026), transport (to Jul 2026) and health (to 2024). Population and age cohorts in particular are re-based to the latest ABS Estimated Resident Population rather than left at 2021 counts. Only housing, households and cultural diversity remain wholly Census-based, because no more current small-area dataset exists for those measures.

Nearby Areas