Caulfield - North
Statistical Area - sa2

Population growth drivers in Caulfield - North are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Caulfield - North's population is approximately 24,636 as of August 2025. This represents an increase of 2,274 people, a 10.2% rise since the 2021 Census which reported a population of 22,362. The change is inferred from ABS's estimated resident population of 24,492 in June 2024 and an additional 668 validated new addresses since the Census date. This results in a density ratio of 3,837 persons per square kilometer, placing Caulfield - North among the top 10% of national locations assessed by AreaSearch. The area's population growth of 10.2% since the 2021 census exceeded the SA4 region's 7.0% and the national average. Overseas migration contributed approximately 87.2% of overall population gains in 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 VIC State Government's Regional/LGA projections from 2023, adjusting 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. According to demographic trends, Caulfield - North is forecasted to experience significant population increase in the top quartile of national areas. By 2041, based on latest population numbers, the area is expected to expand by 6,569 persons, recording a total gain of 26.1% over the 17-year period.

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. The Australian Bureau of Statistics produces development approval data on a financial year basis, totalling 1,261 approvals across the past five financial years (between FY-2021 and FY-2025), with four approvals recorded so far in FY-2026. On average, one new resident has arrived per new home over these five years, indicating a balanced supply and demand market that supports stable conditions. The average construction cost value of new homes is $1,205,000, suggesting developers focus on the premium market with high-end developments.

This financial year has seen $48.8 million in commercial development approvals, reflecting robust local business investment. Compared to Greater Melbourne, Caulfield - North exhibits 69.0% higher building activity per person, offering buyers greater choice. New building activity comprises 15.0% standalone homes and 85.0% townhouses or apartments, demonstrating a trend towards denser development that appeals to downsizers, investors, and entry-level buyers. This shift represents a notable change from the area's existing housing composition of 37.0% houses, indicating decreasing availability of developable sites and reflecting changing lifestyles and demand for diverse, affordable housing options. With approximately 217 people per dwelling approval, Caulfield - North showcases an evolving market. By 2041, the area is projected to grow by 6,418 residents.

Given current construction levels, housing supply should adequately meet demand, 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 30% nationally

AreaSearch has identified a total of 74 projects that could impact the area, with key ones including 219-229 Balaclava Road Mixed-Use Development, Metro Tunnel Project - Caulfield Station Impact, Caulfield Plaza Redevelopment, and Caulfield Village. The following list details those most relevant.

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

Employment conditions in Caulfield - North remain below the national average according to AreaSearch analysis

Caulfield - North has an educated workforce with professional services well represented. Its unemployment rate was 3.9% as of June 2025, lower than Greater Melbourne's 4.6%.

Employment stability remained relatively consistent over the past year. There were 14,071 employed residents in June 2025, with a participation rate of 66.2%, close to Greater Melbourne's 64.1%. Dominant sectors include professional & technical, health care & social assistance, and education & training, with professional & technical jobs at 1.6 times the regional level. Construction employment was lower at 5.2% compared to the regional average of 9.7%.

The area offers limited local job opportunities as indicated by Census data. Over June 2024 to June 2025, employment increased by 0.3%, labour force by 1.4%, and unemployment rose by 1.1 percentage points. In comparison, Greater Melbourne saw employment growth of 3.5% and unemployment rise by 0.5%. Statewide in Victoria as of Sep-25, employment grew by 1.08% year-on-year, with an unemployment rate of 4.7%. Nationally, employment forecasts from May 2025 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 growth of approximately 7.4% over five years and 14.9% over ten years, though this is a simplified extrapolation for illustrative purposes only.

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

AreaSearch data shows median assessed income in Caulfield - North was $65,088 and average income was $115,033 for financial year 2022. This compares to Melbourne's median income of $54,892 and average of $73,761. By March 2025, estimated median income is approximately $71,668 and average income is around $126,663, based on Wage Price Index growth since financial year 2022. Census data ranks Caulfield - North's household incomes between the 77th and 86th percentiles nationally. Income distribution shows 28.4% of residents earn between $1,500 to $2,999 weekly, similar to surrounding regions at 32.8%. Notably, 36.4% of residents earn above $3,000 weekly. High housing costs consume 15.2% of income but strong earnings place disposable income at the 78th percentile nationally. Caulfield - North's SEIFA income ranking places it in the 9th decile.

Caulfield - North displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

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 contrasts with Melbourne metro's figures of 47.8% houses and 52.1% other dwellings. Home ownership in Caulfield - North stood at 31.8%, similar to Melbourne metro's level. The remaining dwellings were either mortgaged (27.3%) or rented (40.9%). The median monthly mortgage repayment in the area was $2,500, exceeding Melbourne metro's average of $2,396. The median weekly rent figure for Caulfield - North was $426, compared to Melbourne metro's $435. Nationally, Caulfield - North's median monthly mortgage repayment is higher than the Australian average of $1,863, and its median weekly rent figure is 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 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 2.5.

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 broader benchmarks. 56.5% of residents aged 15+ hold university qualifications, compared to 30.4% nationally and 33.4% in Victoria. 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. The area has 14 schools serving 6,756 students, demonstrating significant socio-educational advantages and academic achievement (ICSEA: 1106). These include 3 primary, 3 secondary, and 8 K-12 schools. Caulfield - North functions as an education hub with 27.4 school places per 100 residents, significantly above the regional average of 14.2, attracting students from surrounding communities.

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. These include train, light rail, and bus services. There are 23 individual routes operating in total, serving 10,920 weekly passenger trips.

Residents have excellent access to transport, with an average distance of 175 meters to the nearest stop. Daily service frequency averages 1,560 trips across all routes, equating to approximately 101 weekly trips per individual stop.

Caulfield - North's residents are extremely healthy with very low prevalence of common health conditions across all age groups

Analysis of health metrics shows strong performance throughout Caulfield - North. Prevalence of common health conditions is very low across all age groups. Private health cover rate is exceptionally high at approximately 78% of the total population (19,092 people), compared to 65.2% across Greater Melbourne and 55.3% nationally.

The most common medical conditions are mental health issues and asthma, impacting 7.3 and 6.5% respectively. 74.6% of residents declare themselves completely clear of medical ailments, compared to 74.0% across Greater Melbourne. As of 19th May 20XX, the area has 17.4% of residents aged 65 and over (4,276 people). Health outcomes among seniors are particularly strong, broadly in line with the general population's health profile.

Caulfield - North is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Caulfield-North scores highly in cultural diversity, with 26.9% speaking a language other than English at home and 36.4% born overseas. The predominant religion is Judaism, at 45.0%, compared to Melbourne's average of 17.5%. Top ancestry groups include Other (22.4%), Australian (19.1%), and English (15.2%).

Notably, Polish (6.8%) and Russian (2.5%) are overrepresented compared to the regional averages of 3.1% and 2.2%, respectively. Hungarian is also higher at 1.9%.

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

Caulfield-North's median age in 2021 was 35 years, slightly younger than Greater Melbourne's 37 and the national average of 38. The 15-24 age group made up 15.9% of Caulfield-North's population, higher than Greater Melbourne's percentage, while the 35-44 cohort was less prevalent at 12.4%. Between 2016 and 2021, the 15-24 age group grew from 13.1% to 15.9%, and the 75-84 cohort increased from 4.7% to 6.0%. Conversely, the 65-74 cohort declined from 10.0% to 8.7%. By 2041, forecasts indicate that the 45-54 age group will increase significantly, growing by 1,078 people (40%) from 2,709 to 3,788.