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 approximately 25,124 as of May 2026, reflecting a growth of 2,762 people since the 2021 Census. The population in 2021 was recorded at 22,362. This increase is inferred from ABS's estimated resident population of 24,635 in June 2025 and an additional 865 validated new addresses since the census date. The population density ratio is 3,913 persons per square kilometer, placing Caulfield - North in the top 10% of national locations assessed by AreaSearch. The area's growth rate of 12.4% since the 2021 Census exceeded both the SA4 region (8.0%) and the state level, indicating it as a growth leader. Overseas migration contributed approximately 86.7% to the overall population gains in recent periods.

AreaSearch uses 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 employs VIC State Government's Regional/LGA projections from 2023, adjusting using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Caulfield - North is projected to experience a significant population increase, with an expected expansion of 6,009 persons, reflecting a total increase of 22.0% over the 16-year period based on the latest annual ERP population numbers.

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

Caulfield - North recorded approximately 252 residential properties granted approval annually over the past five financial years, totalling 1,261 homes. As of FY-26, 32 approvals have been recorded. 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 scenario with stable market conditions. The average construction value of new properties is $370,000.

In the current financial year, $48.8 million in commercial development approvals have been recorded, suggesting strong local business investment. Compared to Greater Melbourne, Caulfield - North shows 68.0% higher building activity per person, offering buyers more choice. New building activity comprises 15.0% standalone homes and 85.0% townhouses or apartments, reflecting a shift towards denser development to provide accessible entry options for downsizers, investors, and entry-level buyers. This trend indicates decreasing availability of developable sites and changing lifestyles requiring diverse housing options. With around 217 people per dwelling approval, Caulfield - North exhibits a developing market. According to the latest AreaSearch quarterly estimate, Caulfield - North is projected to grow by 5,520 residents by 2041.

Current construction levels are expected to meet demand adequately, creating favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 70 projects likely affecting the region. Notable initiatives include Caulfield Village - Stage 9219-229 Balaclava Road Mixed-Use Development, Caulfield Plaza Redevelopment, and Caulfield Village. The following details projects most relevant to the area.

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.

While Caulfield - North retains a healthy unemployment rate of 3.9%, recent employment declines have impacted its national performance ranking

Caulfield - North has a highly educated workforce with professional services well represented. The unemployment rate as of December 2025 is 3.9%. There are 14,016 residents employed, with an unemployment rate 0.9% lower than Greater Melbourne's rate of 4.8%.

Workforce participation is equal to Greater Melbourne's 69.9%. Census responses indicate that 45.3% of residents work from home, potentially influenced by Covid-19 lockdowns. Key employment sectors are professional & technical, health care & social assistance, and education & training. The area has a notable concentration in professional & technical jobs at 1.6 times the regional average, while construction has limited presence at 5.2% compared to the regional average of 9.7%.

Over the year to December 2025, labour force levels decreased by 0.3%, employment declined by 0.5%, and unemployment rose by 0.2 percentage points. In contrast, Greater Melbourne saw employment rise by 2.4% and the labour force grow by 2.8%. National employment forecasts from Jobs and Skills Australia, released in May-25, project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Caulfield - North's employment mix suggests local employment should increase 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

The median taxpayer income in Caulfield - North SA2 is $67,045, with an average of $113,482, according to the latest postcode level ATO data aggregated by AreaSearch for the financial year 2023. Nationally, this is exceptionally high, contrasting with Greater Melbourne's median income of $57,688 and average income of $75,164. Based on Wage Price Index growth of 9.62% since the financial year 2023, current estimates would be approximately $73,495 (median) and $124,399 (average) as of March 2026. According to Census 2021 income data, household, family, and personal incomes in Caulfield - North all rank highly nationally, between the 77th and 86th percentiles. The earnings profile shows that 28.4% of residents (7,135 people) fall into the $1,500 - $2,999 income bracket, reflecting patterns seen at regional levels where 32.8% similarly occupy this range. Economic strength is evident through 36.4% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consume 15.2% of income, however 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 structure, as per the latest Census, consisted of 36.8% houses and 63.2% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's figures of 67.9% houses and 32.1% other dwellings. Home ownership in Caulfield - North stood at 31.8%, with mortgaged dwellings at 27.3% and rented ones at 40.9%. The median monthly mortgage repayment was $2,500, higher than Melbourne metro's $2,000. Median weekly rent in Caulfield - North was $426, compared to Melbourne metro's $390. Nationally, Caulfield - North's mortgage repayments were significantly higher at $1,863 and rents substantially above the national average of $375.

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

Family households constitute 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 account for 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, which is smaller than the Greater Melbourne average of 2.6.

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

Educational attainment in Caulfield - North is significantly higher than national and state averages. As of 2016, 56.5% of residents aged 15 years and above held university qualifications, compared to 30.4% nationally and 33.4% in Victoria. Bachelor degrees were the most common at 36.1%, followed by postgraduate qualifications (15.8%) and graduate diplomas (4.6%). Vocational pathways accounted for 18.5% of qualifications, with advanced diplomas at 9.7% and certificates at 8.8%.

Educational participation was notably high, with 33.6% of residents enrolled in formal education as of 2016. This included 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 different routes, collectively facilitating 12,383 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 175 meters to the nearest stop. As a predominantly residential area, most residents commute outward. The car remains the primary mode of transportation at 74%, while train usage stands at 11% and walking at 5%. Vehicle ownership is below the regional average, averaging 1.0 per dwelling.

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

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

Caulfield - North's health outcomes show exceptional results, according to AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Approximately 78% of its total population (19,596 people) have private health cover, compared to Greater Melbourne's 56.7%, and the national average of 55.7%.

Mental health issues and asthma were found to be the most common medical conditions in the area, affecting 7.3 and 6.5% of residents respectively. Notably, 74.6% of residents declared themselves completely clear of medical ailments, compared to Greater Melbourne's 72.6%. The area has a higher percentage of seniors aged 65 and over at 17.5% (4,406 people), compared to Greater Melbourne's 15.0%. Health outcomes among seniors in Caulfield - North are particularly strong and broadly align with national rankings for 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 predominant religion is Judaism, comprising 45.0% of the population, which is significantly higher compared to Greater Melbourne's 1.0%. 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 in Caulfield-North compared to the regional average of 0.8%, as are Russian (2.5% vs 0.4%) and South Australian (2.2% vs 0.4%) groups.

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

Caulfield - North's median age is 34 years, lower than Greater Melbourne's average of 37 and Australia's average of 38. Compared to Greater Melbourne, Caulfield - North has a higher percentage of residents aged 15-24 (15.6%) but fewer residents aged 35-44 (12.8%). Between the 2021 Census and present, the 15-24 age group has increased from 13.1% to 15.6%, while the 75-84 age group has grown from 4.7% to 6.3%. Conversely, the 65-74 age group has decreased from 10.0% to 8.6%, and the 5-14 age group has dropped from 11.9% to 10.8%. By 2041, population forecasts indicate significant demographic changes in Caulfield - North. The 25-34 age cohort is projected to grow by 21%, adding 1,008 residents to reach 5,777. In contrast, the 15-24 age cohort shows minimal growth of just 3% (115 people).