Plenty - Yarrambat
Statistical Area - sa2

An assessment of population growth drivers in Plenty - Yarrambat reveals an overall ranking slightly below national averages considering recent, and medium term trends

Plenty - Yarrambat's population is approximately 9,699 as of Aug 2025. This figure shows an increase of 245 people since the 2021 Census, which recorded a population of 9,454. The growth is inferred from ABS estimates; Plenty - Yarrambat had an estimated resident population of 9,609 in June 2024 and 37 new addresses validated since the Census date. This results in a density ratio of 333 persons per square kilometer. The area's 2.6% growth between the 2021 Census and Aug 2025 exceeds the SA3 area's 2.3%, indicating it is a growth leader in the region. Overseas migration was the primary driver of population gains during this period.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by these data, AreaSearch utilises VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Plenty - Yarrambat is forecasted to increase its population by 2,260 persons based on the latest numbers, reflecting a total increase of 22.4% over the 17-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Plenty - Yarrambat, placing the area among the bottom 25% of areas assessed nationally

Plenty - Yarrambat averaged approximately 22 new dwelling approvals annually over the past five financial years, totalling 113 homes. As of FY-26, four approvals have been recorded. The population has decreased during this period, yet housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice. New homes are being built at an average expected construction cost value of $881,000, indicating a focus on the premium segment with upmarket properties.

In FY-26, $13.8 million in commercial approvals have been registered, suggesting moderate levels of commercial development. Compared to Greater Melbourne, Plenty - Yarrambat has similar development levels per person, maintaining market balance consistent with the broader area. However, these levels are lower than national averages, reflecting market maturity and possible development constraints. New development consists of 95% standalone homes and 5% medium and high-density housing, preserving the area's low density nature and attracting space-seeking buyers.

The estimated population per dwelling approval is 703 people, indicating a quiet, low activity development environment. Looking ahead, Plenty - Yarrambat is projected to grow by 2,170 residents by 2041. If current development rates continue, housing supply may struggle to match population growth, potentially increasing buyer competition and supporting price increases.

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

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 42 projects that could impact this region. Notable projects include Plenty River Flood Management Works, St Helena Place, Mill Park Wetlands Upgrade, and St Helena Rise. The following details the projects most likely to be relevant.

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

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Employment conditions in Plenty - Yarrambat rank among the top 10% of areas assessed nationally

Plenty - Yarrambat has a well-educated workforce with notable representation in the construction sector. The unemployment rate was 1.1% as of June 2025, with an estimated employment growth of 1.6% over the past year.

In June 2025, 5736 residents were employed while the unemployment rate was 3.5% lower than Greater Melbourne's rate of 4.6%. Workforce participation was 66.8%, compared to Greater Melbourne's 64.1%. Leading employment industries were construction, health care & social assistance, and education & training. The area had a high specialization in construction, with an employment share 1.7 times the regional level.

Conversely, professional & technical services showed lower representation at 8.0% compared to the regional average of 10.1%. Employment levels increased by 1.6% and labour force grew by 1.4% during the year to June 2025, causing unemployment to fall by 0.2 percentage points. This contrasted with Greater Melbourne, where employment rose by 3.5%, labour force grew by 4.0%, and unemployment increased by 0.5 percentage points. National employment forecasts from Jobs and Skills Australia in May 2025 projected national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Plenty - Yarrambat's employment mix suggested local growth of approximately 6.6%% over five years and 13.4% over ten years, based on a simple weighting extrapolation for illustrative purposes.

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

AreaSearch released postcode-level ATO data for financial year 2022. Plenty - Yarrambat's median income among taxpayers was $60,740, with an average of $84,416. Nationally, these figures are extremely high compared to Greater Melbourne's median of $54,892 and average of $73,761. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates would be approximately $68,126 (median) and $94,681 (average) as of September 2025. According to the 2021 Census, household incomes rank exceptionally at the 92nd percentile ($2,554 weekly). The earnings profile shows that 29.2% of locals (2,832 people) fall into the $1,500 - 2,999 income category. Nationally, 32.8% occupy this range in metropolitan regions. Notably, 42.2% earn above $3,000 weekly. After housing costs, residents retain 88.6% of their income, reflecting strong purchasing power. The area's SEIFA income ranking places it in the 8th decile.

Plenty - Yarrambat is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Plenty - Yarrambat's dwelling structure, as per the latest Census, consisted of 95.9% houses and 4.1% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 93.9% houses and 6.0% other dwellings. Home ownership in Plenty - Yarrambat stood at 43.8%, with the rest being mortgaged (49.5%) or rented (6.7%). The median monthly mortgage repayment was $2,272, higher than Melbourne metro's average of $2,167. The median weekly rent was $480, compared to Melbourne metro's $431. Nationally, Plenty - Yarrambat's mortgage repayments were significantly higher at $2,272 versus the Australian average of $1,863, and rents were substantially above the national figure of $375 at $480.

Plenty - Yarrambat features high concentrations of family households, with a higher-than-average median household size

Family households account for 86.3% of all households, including 50.1% couples with children, 27.6% couples without children, and 7.7% single parent families. Non-family households constitute the remaining 13.7%, with lone person households at 12.7% and group households comprising 0.9%. The median household size is 3.0 people, larger than the Greater Melbourne average of 2.9.

The educational profile of Plenty - Yarrambat exceeds national averages, with above-average qualification levels and academic performance metrics

Plenty - Yarrambat has a regional benchmark of 29.5% residents aged 15+ holding university degrees, compared to Greater Melbourne's 37.0%. Bachelor degrees are the most common at 19.7%, followed by postgraduate qualifications (6.6%) and graduate diplomas (3.2%). Vocational credentials are also prominent, with 32.4% of residents aged 15+ holding such qualifications - advanced diplomas (11.6%) and certificates (20.8%). Educational participation is high, with 29.2% of residents currently enrolled in formal education: secondary (9.5%), primary (9.3%), and tertiary (5.3%).

The area's four schools have a combined enrollment of 1,720 students. Plenty - Yarrambat demonstrates above-average socio-educational conditions with an ICSEA score of 1062. Its educational mix includes three primary schools and one K-12 school.

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

Plenty - Yarrambat has 58 active public transport stops, all of which are bus stops. These stops are served by six different routes that together facilitate 3,258 weekly passenger trips. The area's transport accessibility is rated as good, with residents typically residing 353 meters from the nearest stop.

On average, there are 465 trips per day across all routes, which equates to approximately 56 weekly trips per individual stop.

Plenty - Yarrambat's residents are extremely healthy with both young and old age cohorts seeing low prevalence of common health conditions

Analysis of health metrics shows strong performance throughout Plenty - Yarrambat. Both young and old age cohorts see low prevalence of common health conditions. The rate of private health cover is exceptionally high at approximately 62% of the total population (6,052 people), compared to 60.1% across Greater Melbourne.

Nationally, this figure stands at 55.3%. The most common medical conditions in the area are arthritis and asthma, impacting 7.1 and 6.6% of residents respectively. Meanwhile, 72.3% of residents declare themselves completely clear of medical ailments, compared to 70.6% across Greater Melbourne. As of a recent count, 19.1% of residents are aged 65 and over (1,848 people). Health outcomes among seniors in the area are above average, broadly in line with the general population's health profile.

The level of cultural diversity witnessed in Plenty - Yarrambat was found to be above average when compared nationally for a number of language and cultural background related metrics

Plenty-Yarrambat, surveyed in 2016, had cultural diversity above the average with 19.9% of its population born overseas and 17.4% speaking a language other than English at home. Christianity was the predominant religion, accounting for 58.5%. This compares to 44.3% across Greater Melbourne, as of 2016.

In terms of ancestry, the top three groups were English (24.0%), Australian (23.3%), and Italian (11.2%). Notably, Macedonian was overrepresented at 2.0%, Greek at 3.5%, and Maltese at 1.5% compared to regional averages of 0.7%, 1.9%, and 1.0% respectively.

Plenty - Yarrambat hosts an older demographic, ranking in the top quartile nationwide

The median age in Plenty-Yarrambat as of 2021 is 43 years, which is higher than Greater Melbourne's average of 37 years and exceeds the national average of 38 years. The age profile shows that those aged 55-64 are particularly prominent, making up 14.2% of the population, while those aged 25-34 make up only 7.6%. Since 2021, the 75 to 84 age group has grown from 4.9% to 6.2%, and the 15 to 24 cohort has increased from 13.9% to 15.1%. Conversely, the 25 to 34 cohort has declined from 8.6% to 7.6%. By 2041, demographic projections indicate significant shifts in Plenty-Yarrambat's age structure. The 75 to 84 age group is projected to rise substantially, with an increase of 459 people (76%), from 602 to 1,062. Conversely, both the 0 to 4 and 35 to 44 age groups are expected to decrease in numbers.