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, as per AreaSearch's analysis, is around 24,642 as of November 2025. This figure reflects an increase of 2,280 people, representing a 10.2% rise since the 2021 Census, which reported a population of 22,362 people. The change is inferred from the estimated resident population of 24,499 in June 2024 and an additional 668 validated new addresses since the Census date. This results in a population density ratio of 3,838 persons per square kilometer, placing Caulfield - North among the top 10% of national locations assessed by AreaSearch, indicating high demand for land in the area. The growth rate of 10.2% since the 2021 Census exceeds both the SA4 region (7.1%) and the SA3 area, positioning Caulfield - North as a growth leader in the region. Overseas migration contributed approximately 87.2% of overall population gains during recent periods.

AreaSearch is utilizing 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 the VIC State Government's Regional/LGA projections from 2023, adjusted using a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for the years 2032 to 2041. Projecting demographic trends forward, Caulfield - North is expected to experience significant population increase in the top quartile of national areas. Based on latest population numbers, the area is forecasted to expand by 6,569 persons by 2041, representing a total gain of 26.0% 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 over the past five financial years, totalling 1,261 homes. As of FY-26, 14 approvals have been recorded. On average, one new resident arrives per year for each new home approved between FY-21 and FY-25, indicating a balanced supply and demand market with stable conditions. The average construction cost value for new properties is $370,000.

In this financial year, $48.8 million in commercial approvals have been registered, showing strong commercial development momentum. Compared to Greater Melbourne, Caulfield - North has 69.0% more construction activity per person, offering greater choice for buyers. Recent construction comprises 15.0% detached dwellings and 85.0% attached dwellings, promoting higher-density living which creates more affordable entry points and caters to downsizers, investors, and first-home buyers. This shift marks a significant departure from the current housing pattern of 37.0% houses, suggesting diminishing developable land availability and responding to evolving lifestyle preferences and housing affordability needs. With around 217 people per dwelling approval, Caulfield - North displays a developing market. Population forecasts suggest that Caulfield - North will gain 6,412 residents by 2041.

If current development rates continue, new housing supply should comfortably meet demand, providing favourable conditions for buyers and potentially supporting growth beyond current population projections.

Caulfield - North has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

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

Caulfield - North has seen below average employment performance when compared to national benchmarks

Caulfield - North has a highly educated workforce with strong representation in professional services. Its unemployment rate was 3.9% as of June 2025, which is below Greater Melbourne's rate of 4.6%.

There were 14,071 residents employed in the area at this time, with an unemployment rate 0.7% lower than Greater Melbourne's and a workforce participation rate of 66.2%, slightly higher than Greater Melbourne's 64.1%. The majority of jobs in Caulfield - North are in professional & technical services (1.6 times the regional average), health care & social assistance, and education & training. However, construction employment is under-represented at 5.2% compared to Greater Melbourne's 9.7%. Between June 2024 and June 2025, employment levels increased by 0.3%, labour force grew by 1.4%, leading to a rise in unemployment rate of 1.1 percentage points.

In contrast, Greater Melbourne saw employment growth of 3.5% and labour force growth of 4.0%, with an unemployment rate increase of 0.5 percentage points. According to Jobs and Skills Australia's national employment forecasts from May 2025, total employment is projected to grow by 6.6% 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.

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

Caulfield - North has an exceptionally high national income level according to the latest ATO data aggregated by AreaSearch for the financial year 2022. The median income among taxpayers in Caulfield - North is $65,088 and the average income stands at $115,033, which compares to figures for Greater Melbourne of $54,892 and $73,761 respectively. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates would be approximately $73,003 (median) and $129,021 (average) as of September 2025. Census data reveals household, family and personal incomes all rank highly in Caulfield - North, between the 77th and 86th percentiles nationally. Income analysis shows that the predominant cohort spans 28.4% of locals (6,998 people) with incomes in the $1,500 - 2,999 category, consistent with broader trends across the region showing 32.8% in the same category. 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, though strong earnings still place disposable income at the 78th percentile and the area'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). In comparison, Melbourne metro had 47.8% houses and 52.1% other dwellings. Home ownership in Caulfield - North was 31.8%, similar to Melbourne metro's level. Dwellings were either mortgaged (27.3%) or rented (40.9%). The median monthly mortgage repayment in the area was $2,500, higher than Melbourne metro's average of $2,396. The median weekly rent figure stood at $426, compared to Melbourne metro's $435. Nationally, Caulfield - North's mortgage repayments were significantly higher than 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 comprise 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, smaller than Greater Melbourne's 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 notably high with 56.5% of residents aged 15+ holding university qualifications compared to national (30.4%) and state (VIC: 33.4%) averages. 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 at 33.6%, including tertiary education (10.3%), primary education (9.0%), and secondary education (7.8%).

There are 14 schools serving 6,756 students in the area, with an ICSEA score of 1106 indicating significant socio-educational advantages and academic achievement. The educational mix includes 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.

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.

They collectively provide 10,920 weekly passenger trips. Residents' access to transport is rated excellent, with an average distance of 175 meters to the nearest stop. Service frequency across all routes averages 1,560 trips per day, 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 (19,097 people), compared to 65.2% across Greater Melbourne and the national average of 55.3%.

The most common medical conditions are mental health issues and asthma, impacting 7.3 and 6.5% of residents respectively. 74.6% of residents declare themselves completely clear of medical ailments, compared to 74.0% across Greater Melbourne. The area has 17.4% of residents aged 65 and over (4,277 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 dominant religion is Judaism, at 45.0%, compared to 17.5% across Greater Melbourne. Top ancestry groups are Other (22.4%), Australian (19.1%), and English (15.2%).

Notably, Polish (6.8%) and Russian (2.5%) are overrepresented compared to regional averages of 3.1% and 2.2%, respectively. Hungarian is also notably 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. However, the 35-44 cohort was less prevalent at 12.4%. Between 2021 and the present, the 15-24 age group grew from 13.1% to 15.9%, while the 75-84 cohort increased from 4.7% to 6.0%. Meanwhile, the 65-74 cohort declined from 10.0% to 8.7%. By 2041, population forecasts indicate a significant increase in the 45-54 age group, with an expansion of 1,077 people (40%) from 2,710 to 3,788.