Caulfield - North

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

Based on AreaSearch's analysis, Caulfield - North's population is around 25,489 as of Feb 2026. This reflects an increase of 3,127 people (14.0%) since the 2021 Census, which reported a population of 22,362 people. The change is inferred from the estimated resident population of 24,485 from the ABS as of June 2024 and an additional 669 validated new addresses since the Census date. This population level equates to a density ratio of 3,970 persons per square kilometer, which lies in the top 10% of national locations assessed by AreaSearch, making land in the area a highly sought resource. Caulfield - North's 14.0% growth since the 2021 census exceeded the SA4 region (8.7%) and the national average, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration, which contributed approximately 87.2% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the VIC State Government's Regional/LGA projections released in 2023, with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are also applied across all areas for years 2032 to 2041. Regarding demographic trends, a significant population increase in the top quartile of national areas is forecast, with the area expected to expand by 6,569 persons by 2041 based on the latest annual ERP population numbers, recording a gain of 21.8% in total 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 around 252 new homes approved annually, totalling 1,261 homes over the past 5 financial years. So far in FY-26, 23 approvals have been recorded. At an average of 1 new resident per year arriving per new home over the past 5 financial years (between FY-21 and FY-25), the market shows a good balance between supply and demand, supporting stable conditions, while new properties are constructed at an average value of $370,000. Additionally, $48.8 million in commercial approvals have been registered this financial year, indicating strong commercial development momentum.

Relative to Greater Melbourne, Caulfield - North records 69.0% more construction activity (per person), creating greater choice for buyers. Recent construction comprises 15.0% detached dwellings and 85.0% attached dwellings. This focus on higher-density living creates more affordable entry points and suits downsizers, investors, and first-home buyers. This marks a significant departure from existing housing patterns (currently 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 shows a developing market.

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

Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total, 69 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include Caulfield Village - Stage 9219-229 Balaclava Road Mixed-Use Development, Caulfield Plaza Redevelopment, and Caulfield Village, with the list below detailing those likely to be of most relevance.

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 3.9%, Caulfield - North has experienced recent job losses, resulting in a below average employment performance ranking when compared nationally

Caulfield - North possesses a highly educated workforce, with professional services showing strong representation, and an unemployment rate of only 3.9%. As of December 2025, 14,016 residents are in work while the unemployment rate is 0.9% below Greater Melbourne's rate of 4.8%, and workforce participation is broadly similar to Greater Melbourne's 71.3%. Based on Census responses, a high 45.3% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

The dominant employment sectors among residents include professional & technical, health care & social assistance, and education & training. The area shows particularly strong specialization in professional & technical, with an employment share of 1.6 times the regional level. Meanwhile, construction has a limited presence with 5.2% employment compared to 9.7% regionally. The predominantly residential area appears to offer limited employment opportunities locally, as indicated by the count of Census working population vs resident population.

Based on AreaSearch analysis of SALM and ABS data, during the year to December 2025, the labour force decreased by 0.3% while employment declined by 0.5%, resulting in the unemployment rate rising by 0.2 percentage points. By comparison, Greater Melbourne recorded employment growth of 2.4%, labour force growth of 2.8%, with unemployment rising 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Caulfield - North. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Caulfield - North's employment mix suggests local employment should increase by 7.4% over five years and 14.9% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

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 FY-23 reveals that income in the Caulfield - North SA2 is among the top percentile nationally, with the median assessed at $67,045 while the average income stands at $113,482. This contrasts with Greater Melbourne's figures of a median income of $57,688 and an average income of $75,164. Based on Wage Price Index growth of 8.25% since FY-23, current estimates would be approximately $72,576 (median) and $122,844 (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. Distribution data shows 28.4% of the population (7,238 individuals) fall within the $1,500 - 2,999 income range, mirroring the surrounding region where 32.8% occupy this bracket. The substantial proportion of high earners (36.4% above $3,000/week) indicates strong economic capacity throughout Caulfield - North. High housing costs consume 15.2% of income, though strong earnings still place disposable income at the 77th percentile and 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

Dwelling structure within Caulfield - North, as evaluated at the latest Census, comprised 36.8% houses and 63.2% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Melbourne metro's 67.9% houses and 32.1% other dwellings. Meanwhile, the level of home ownership within Caulfield - North was in line with that of Melbourne metro, at 31.8%, with the remainder of dwellings either mortgaged (27.3%) or rented (40.9%). The median monthly mortgage repayment in the area was well above the Melbourne metro average at $2,500, while the median weekly rent figure was recorded at $426, compared to Melbourne metro's $2,000 and $390. Nationally, Caulfield - North's mortgage repayments are significantly higher than the Australian average of $1,863, while rents are 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 dominate at 62.5% of all households, comprising 28.1% couples with children, 27.0% couples without children, and 6.5% single parent families. Non-family households make up the remaining 37.5%, with lone person households at 30.8% and group households comprising 6.7% of the total. The median household size of 2.4 people 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 significantly surpasses broader benchmarks, with 56.5% of residents aged 15+ holding university qualifications compared to 30.4% in Australia and 33.4% in VIC. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 36.1%, followed by postgraduate qualifications (15.8%) and graduate diplomas (4.6%). Vocational pathways account for 18.5% of qualifications among those aged 15+ – advanced diplomas (9.7%) and certificates (8.8%).

Educational participation is notably 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

Public transport analysis reveals 108 active transport stops operating within Caulfield - North, comprising a mix of train, light rail, and buses. These stops are serviced by 19 individual routes, collectively providing 12,383 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 175 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 74%, with 11% by train and 5% walking. Vehicle ownership averages 1.0 per dwelling, which is below the regional average. A high 45.3% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 1,769 trips per day across all routes, equating to approximately 114 weekly trips per individual stop. The accompanying map shows the 100 nearest stops to the location centrepoint.

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

Health outcomes data demonstrates outstanding results across Caulfield - North, based on AreaSearch's assessment of mortality rates and chronic condition prevalence. There is a very low prevalence of common health conditions across all age groups, and the rate of private health cover is exceptionally high at approximately 78% of the total population (19,881 people). This compares to 56.7% across Greater Melbourne and a national average of 55.7%.

The most common medical conditions in the area are mental health issues and asthma, impacting 7.3% and 6.5% of residents, respectively, while 74.6% declared themselves as 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), which is 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 on cultural diversity, with 26.9% of its population speaking a language other than English at home and 36.4% born overseas. The main religion in Caulfield - North is Judaism, which makes up 45.0% of the population. This compares to 1.0% across Greater Melbourne.

In terms of ancestry (country of birth of parents), the top three represented groups in Caulfield - North are Other, comprising 22.4% of the population, which is substantially higher than the regional average of 14.6%, Australian, comprising 19.1% of the population, and English, comprising 15.2% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: Polish is notably overrepresented at 6.8% of Caulfield - North (vs 0.8% regionally), Russian at 2.5% (vs 0.4%) and South Australian at 2.2% (vs 0.4%).

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

Caulfield - North's median age of 35 years is slightly younger than Greater Melbourne's 37 and somewhat younger than the 38-year national average. The 15 - 24 age group shows strong representation at 16.2% compared to Greater Melbourne, whereas the 35 - 44 cohort is less prevalent at 12.2%. Since 2021, the 15 to 24 age group has grown from 13.1% to 16.2% of the population, while the 75 to 84 cohort increased from 4.7% to 6.4%. Conversely, the 65 to 74 cohort has declined from 10.0% to 8.7% and the 35 to 44 group dropped from 13.4% to 12.2%. Population forecasts for 2041 indicate substantial demographic changes for Caulfield - North. The 45 to 54 age cohort is projected to increase solidly, expanding by 966 people (34%) from 2,821 to 3,788. Meanwhile, the 15 to 24 cohort is expected to grow by a modest 3% (121 people).