Richmond (South) - Cremorne

Population growth drivers in Richmond (South) - Cremorne are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Richmond (South) - Cremorne's population is around 19,410 as of February 2026. This reflects an increase of 1,739 people since the 2021 Census, which reported a population of 17,671 people. The change is inferred from the estimated resident population of 19,230 from the ABS as of June 2024 and an additional 289 validated new addresses since the Census date. This level of population equates to a density ratio of 4,524 persons per square kilometer. Richmond (South) - Cremorne's growth rate of 9.8% since census positions it within 0.1 percentage points of the national average of 9.9%, demonstrating competitive growth fundamentals. Population growth for the area was primarily driven by overseas migration that contributed approximately 80.6% 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. As we examine future population trends, a significant population increase in the top quartile of Australian statistical areas is forecast, with the area expected to grow by 6,791 persons to 2041 based on the latest annual ERP population numbers, reflecting an increase of 34.1% in total over the 17 years.

Recent residential development output has been above average within Richmond (South) - Cremorne when compared nationally

Richmond South - Cremorne has seen approximately 79 new homes approved annually. Between FY21 and FY25398 homes were approved, with an additional 10 approved in FY26 so far. On average, 0.4 new residents per year have arrived for each new home over the past five financial years.

This suggests that new supply is keeping pace with or exceeding demand, providing ample buyer choice and creating capacity for population growth beyond current forecasts. The average development value of new dwellings is $777,000, indicating a focus on the premium market. In FY26, $389.5 million in commercial approvals have been registered, demonstrating strong commercial development momentum. Relative to Greater Melbourne, Richmond South - Cremorne records around 59% of the building activity per person and ranks among the 73rd percentile nationally for building activity.

However, building activity has accelerated in recent years. New building activity comprises approximately 11.0% detached houses and 89.0% medium to high-density housing. This trend towards denser development provides accessible entry options and appeals to downsizers, investors, and entry-level buyers. With around 276 people per dwelling approval, Richmond South - Cremorne indicates a developing market. By 2041, the area is expected to grow by approximately 6,611 residents (based on the latest AreaSearch quarterly estimate). If current development rates continue, housing supply may struggle to match population growth, potentially intensifying buyer competition and supporting price increases.

Richmond (South) - Cremorne 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 63 projects that could affect the region. Notable projects include the 587-593 Church Street Hotel Development, Matchworks at 560 Church Street in Cremorne, Richmond Public Housing Redevelopment, and the 475-481 Church Street Mixed-Use Development. The following list details those likely to be most relevant.

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

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Richmond (South) - Cremorne ranks among the top 25% of areas assessed nationally for overall employment performance

Richmond South - Cremorne has a highly educated workforce with notable representation in the technology sector. The unemployment rate was 2.9% as of September 2025. Employment growth over the past year was estimated at 4.5%.

There were 14,401 residents employed while the unemployment rate was 1.7 percentage points below Greater Melbourne's rate of 4.7%. Workforce participation stood at 84.7%, well above Greater Melbourne's 71.0%. According to Census responses, 53.6% of residents worked from home. Leading employment industries were professional & technical, health care & social assistance, and education & training.

The area showed strong specialization in professional & technical services with an employment share 2.0 times the regional level. Conversely, manufacturing had lower representation at 3.9% compared to the regional average of 7.2%. There were 1.6 workers for every resident, indicating that the area functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Over the 12 months to September 2025, employment increased by 4.5% while labour force grew by 4.9%, resulting in a rise of unemployment by 0.4 percentage points. In contrast, Greater Melbourne experienced employment growth of 3.0% and labour force growth of 3.3%, with a rise of unemployment by 0.3 percentage points. National employment forecasts from Jobs and Skills Australia project national employment to expand by 6.6% over five years and 14.7% over ten years, with local employment in Richmond South - Cremorne expected to increase by 7.4% over five years and 14.7% over ten years based on industry-specific projections.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

Richmond (South) - Cremorne SA2 had a median income among taxpayers of $84,214 and an average level of $113,625 in the financial year 2023. These figures are exceptionally high nationally compared to Greater Melbourne's median of $57,688 and average of $75,164. As of September 2025, current estimates suggest a median income of approximately $91,162 and an average income of $122,999 based on Wage Price Index growth of 8.25%. According to the 2021 Census, household, family, and personal incomes in Richmond (South) - Cremorne rank highly nationally, between the 92nd and 97th percentiles. Income analysis shows that 30.6% of residents (5,939 people) fall into the $4000+ bracket, differing from regional patterns where the $1,500 - 2,999 bracket dominates with 32.8%. Economic strength is evident through 44.6% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consume 16.0% of income, but strong earnings place disposable income at the 91st percentile nationally. The area's SEIFA income ranking places it in the 10th decile.

Richmond (South) - Cremorne features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

In Richmond (South) - Cremorne, as per the latest Census, 19.3% of dwellings were houses while 80.7% were other types such as semi-detached and apartments. This contrasts with Melbourne metro's figures of 67.9% houses and 32.1% other dwellings. Home ownership in Richmond (South) - Cremorne stood at 22.4%, with mortgaged dwellings at 27.4% and rented ones at 50.3%. The median monthly mortgage repayment in the area was $2,500, higher than Melbourne metro's average of $2,000. The median weekly rent in Richmond (South) - Cremorne was $508, compared to Melbourne metro's $390. Nationally, mortgage repayments were lower at $1,863 and rents averaged $375.

Richmond (South) - Cremorne features high concentrations of group households and lone person households, with a lower-than-average median household size

Family households account for 51.5% of all households, including 16.1% couples with children, 29.1% couples without children, and 4.8% single parent families. Non-family households make up the remaining 48.5%, with lone person households at 35.4% and group households comprising 13.1%. The median household size is 2.1 people, which is smaller than the Greater Melbourne average of 2.6.

Educational attainment in Richmond (South) - Cremorne aligns closely with national averages, showing typical qualification patterns and performance metrics

Educational attainment in Richmond (South) - Cremorne is notably higher than broader benchmarks. Among residents aged 15+, 62.6% hold university qualifications, compared to 30.4% nationally and 33.4% statewide in Victoria. Bachelor degrees are the most common at 41.8%, followed by postgraduate qualifications (15.5%) and graduate diplomas (5.3%). Vocational pathways account for 17.5%, with advanced diplomas at 8.5% and certificates at 9.0%.

A significant portion of the population, 23.8%, is actively pursuing formal education. This includes 10.0% in tertiary education, 5.0% in primary education, and 4.0% in secondary education.

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

Richmond (South) - Cremorne has 67 active public transport stops offering train, light rail, and bus services. These stops are served by 20 routes, facilitating 16,196 weekly passenger trips. Residents enjoy good transport accessibility, with an average distance of 200 meters to the nearest stop. Most residents commute outward from this primarily residential area. Cars remain the primary mode of transport at 56%, followed by walking (14%) and train use (13%). The area has a lower-than-average vehicle ownership rate of 0.7 per dwelling.

According to the 2021 Census, 53.6% of residents work from home, possibly due to COVID-19 conditions. Public transport services operate at an average frequency of 2,313 trips daily across all routes, equating to approximately 241 weekly trips per individual stop.

Richmond (South) - Cremorne's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Richmond South - Cremorne demonstrates excellent health outcomes, as per AreaSearch's assessment using mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Private health cover is exceptionally high at approximately 78% of the total population (15,139 people), compared to 56.7% in Greater Melbourne and the national average of 55.7%.

Mental health issues and asthma are the most common medical conditions, affecting 9.5 and 8.6% of residents respectively. A significant majority, 73.4%, report being completely clear of medical ailments, compared to 72.6% in Greater Melbourne. Working-age residents have low chronic condition prevalence. The area has 11.0% of residents aged 65 and over (2,133 people), lower than the 15.1% in Greater Melbourne. Health outcomes among seniors are particularly strong, aligning with national rankings for the general population.

The level of cultural diversity witnessed in Richmond (South) - Cremorne was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Richmond South-Cremorne has a higher than average cultural diversity, with 14.5% of its residents speaking a language other than English at home and 25.1% born overseas. Christianity is the dominant religion in Richmond South-Cremorne, accounting for 34.3% of its population. However, Judaism stands out as it comprises 0.7%, slightly higher than Greater Melbourne's average of 1.0%.

In terms of ancestry, English is the most represented group at 26.5%, substantially higher than the regional average of 20.1%. Australian ancestry follows at 20.7% and Irish at 11.6%, both also above their respective regional averages of 18.3% and 6.5%. Other notable ethnic groups include Polish at 1.1%, Greek at 4.0%, and French at 0.8%, all higher than the regional averages of 0.8%, 2.7%, and 0.5% respectively.

Richmond (South) - Cremorne's young demographic places it in the bottom 15% of areas nationwide

Richmond (South) - Cremorne has a median age of 33, which is younger than Greater Melbourne's figure of 37 and Australia's national average of 38 years. Compared to Greater Melbourne, Richmond (South) - Cremorne has a higher percentage of residents aged 25-34 (33.9%) but fewer residents aged 5-14 (5.3%). This 25-34 concentration is significantly higher than the national average of 14.4%. Between the 2021 Census and the present, the percentage of residents aged 25 to 34 has increased from 32.4% to 33.9%, while the percentage of those aged 45 to 54 has decreased from 11.5% to 10.2%. By 2041, population forecasts indicate significant demographic changes for Richmond (South) - Cremorne, with the strongest projected growth in the 25 to 34 age cohort, which is expected to grow by 21%, adding 1,413 residents and reaching a total of 7,993.