Caulfield - North

Population growth drivers in Caulfield - North are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Caulfield - North's population was around 25,489 as of February 2026. This figure reflects a growth of 3,127 people since the 2021 Census, which reported a population of 22,362. The increase is inferred from ABS' estimated resident population of 24,485 in June 2024 and an additional 669 validated new addresses since the Census date. This results in a population density ratio of 3,970 persons per square kilometer, placing Caulfield - North in the top 10% of national locations assessed by AreaSearch. The area's growth rate of 14.0% since the 2021 census exceeded both the SA4 region (8.7%) and the national average, indicating it as a growth leader. Overseas migration contributed approximately 87.2% to Caulfield - North's population gains during recent periods.

AreaSearch adopts 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 uses the VIC State Government's Regional/LGA projections from 2023 with adjustments made employing 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. By 2041, Caulfield - North's population is forecasted to increase significantly, with an expected expansion of 6,569 persons based on the latest annual ERP population numbers, reflecting a total gain of 21.8% over the 17 years.

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

Caulfield - North has seen approximately 252 new homes approved annually over the past five financial years, totalling 1,261 homes. As of FY-26, there have been 20 approvals recorded so far. On average, one new resident arrives per year for each new home constructed between FY-21 and FY-25, indicating a balanced supply and demand market with stable conditions. New properties are being constructed at an average expected cost of $370,000.

In the current financial year, $48.8 million in commercial approvals have been registered, demonstrating strong commercial development momentum compared to Greater Melbourne, where there is 69.0% more construction activity per person. Recent construction comprises 15.0% detached dwellings and 85.0% attached dwellings, marking a shift from the current housing pattern of 37.0% houses, potentially due to diminishing developable land availability and evolving lifestyle preferences. With around 217 people per dwelling approval, Caulfield - North shows signs of growth. According to AreaSearch's latest quarterly estimate, the area is forecasted to gain approximately 5,565 residents by 2041. Given current development rates, new housing supply should comfortably meet demand, providing favourable conditions for buyers and potentially supporting population growth beyond current projections.

Population forecasts indicate Caulfield - North will gain 5,565 residents through to 2041 (from the latest AreaSearch quarterly estimate). At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Caulfield - North has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 69 projects that may affect the region. Notable projects include Caulfield Village - Stage 9219-229 Balaclava Road Mixed-Use Development, Caulfield Plaza Redevelopment, and Caulfield Village. The following list details those likely to be 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.

Despite maintaining a low unemployment rate of 4.0%, Caulfield - North has experienced recent job losses, resulting in a below average employment performance ranking when compared nationally

Caulfield - North has an educated workforce with strong professional services representation. The unemployment rate was 4.0% as of September 2025, which is lower than Greater Melbourne's rate of 4.7%. Workforce participation in Caulfield - North is equal to Greater Melbourne's at 71.0%.

According to Census responses, 45.3% of residents work from home. The dominant employment sectors are professional & technical, health care & social assistance, and education & training. Professional & technical services have a particularly strong presence with an employment share 1.6 times the regional level. Construction has limited presence at 5.2%, compared to the regional rate of 9.7%.

Most residents commute for work as local employment opportunities are limited. Between September 2024 and September 2025, Caulfield - North's labour force increased by 0.7% while employment declined by 0.1%, leading to an unemployment rate rise of 0.8 percentage points. In contrast, Greater Melbourne saw employment growth of 3.0%. National employment forecasts from Jobs and Skills Australia project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Caulfield - North's employment mix suggests local employment should grow by 7.4% over five years and 14.9% over ten years.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

AreaSearch's latest postcode level ATO data for financial year 2023 shows that Caulfield - North SA2 has a median income of $67,045 and an average income of $113,482. These figures place the area in the top percentile nationally. In comparison, Greater Melbourne has a median income of $57,688 and an average income of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Caulfield - North's median income are approximately $72,576 and the average is around $122,844 as of September 2025. Census data indicates that household, family, and personal incomes in Caulfield - North rank highly nationally, between the 77th and 86th percentiles. Income distribution shows that 28.4% of the population (7,238 individuals) fall within the $1,500 to $2,999 income range, similar to the surrounding region where 32.8% occupy this bracket. A substantial proportion of high earners (36.4%) have incomes above $3,000 per week, indicating strong economic capacity throughout Caulfield - North. High housing costs consume 15.2% of income, but strong earnings still place disposable income at the 77th percentile nationally. The area's SEIFA income ranking places it in the 9th decile.

Caulfield - North displays a diverse mix of dwelling types, with above-average rates of outright home ownership

Caulfield - North's dwelling structures, as per the latest Census, consisted of 36.8% houses and 63.2% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 67.9% houses and 32.1% other dwellings. Home ownership in Caulfield - North was 31.8%, with mortgaged dwellings at 27.3% and rented ones at 40.9%. The median monthly mortgage repayment was $2,500, exceeding Melbourne metro's average of $2,000. Median weekly rent in Caulfield - North was $426, higher than Melbourne metro's $390. Nationally, Caulfield - North's mortgage repayments were significantly higher at $2,500 compared to the Australian average of $1,863, and rents were substantially above the national figure of $375.

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

Family households account for 62.5% of all households, including 28.1% couples with children, 27.0% couples without children, and 6.5% single parent families. Non-family households constitute the remaining 37.5%, with lone person households at 30.8% and group households comprising 6.7%. The median household size is 2.4 people, smaller than Greater Melbourne's average of 2.6.

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

Caulfield - North's educational attainment significantly exceeds national and state averages. Among residents aged 15+, 56.5% hold university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the most common at 36.1%, followed by postgraduate qualifications (15.8%) and graduate diplomas (4.6%). Vocational pathways account for 18.5% of qualifications, with advanced diplomas at 9.7% and certificates at 8.8%.

Educational participation is high, with 33.6% of residents currently enrolled in formal education. This includes 10.3% in tertiary education, 9.0% in primary education, and 7.8% pursuing secondary education.

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

Caulfield - North has 108 active public transport stops offering a mix of train, light rail, and bus services. These stops are served by 19 individual routes, collectively providing 12,383 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 175 meters to the nearest stop. The area is predominantly residential, with most commuters traveling outward. Cars remain the primary mode of transportation at 74%, while trains account for 11% and walking for 5%. Vehicle ownership averages 1.0 per dwelling, below the regional average.

According to the 2021 Census, a high 45.3% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 1,769 trips per day across all routes, equating to approximately 114 weekly trips per stop. The accompanying map displays the 100 nearest stops to the location's centerpoint.

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

Caulfield - North shows excellent health outcomes based on AreaSearch's assessment of mortality rates and chronic condition prevalence, with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 78% of the total population (19,881 people), compared to 56.7% in Greater Melbourne and the national average of 55.7%. Mental health issues and asthma are the most common medical conditions in the area, affecting 7.3 and 6.5% of residents respectively, while 74.6% declare themselves completely clear of medical ailments compared to 72.6% across Greater Melbourne.

The area has 17.8% of residents aged 65 and over (4,524 people), higher than the 15.1% in Greater Melbourne. Health outcomes among seniors are particularly strong, with national rankings broadly in line with the general population.

Caulfield - North was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Caulfield-North scores highly in cultural diversity, with 26.9% of its population speaking a language other than English at home and 36.4% born overseas. The dominant religion is Judaism, comprising 45.0% of people, compared to 1.0% across Greater Melbourne. In terms of ancestry, the top three groups are Other (22.4%), Australian (19.1%), and English (15.2%).

Notably, Polish (6.8%) is overrepresented compared to the regional average of 0.8%, Russian (2.5%) is higher than the regional average of 0.4%, and South African ancestry also exceeds the regional average at 2.2%.

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

Caulfield - North's median age is 35 years, which is slightly younger than Greater Melbourne's 37 and the national average of 38. The 15-24 age group comprises 16.2%, higher than Greater Melbourne's percentage, while the 35-44 cohort stands at 12.2%. Between 2021 and present, the 15-24 age group grew from 13.1% to 16.2%, and the 75-84 cohort increased from 4.7% to 6.4%. Conversely, the 65-74 cohort decreased from 10.0% to 8.7%, and the 35-44 group dropped from 13.4% to 12.2%. By 2041, population forecasts indicate significant demographic changes for Caulfield - North. The 45-54 age cohort is projected to increase by 966 people (34%), rising from 2,821 to 3,788. Meanwhile, the 15-24 cohort grows modestly by 3% (121 people).