Richmond (South) - Cremorne

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

Richmond (South) - Cremorne's population was approximately 19,475 as of November 2025. This figure represents an increase of 1,804 people since the 2021 Census, which reported a population of 17,671. The change is inferred from the estimated resident population of 19,230 in June 2024 and an additional 274 validated new addresses since the Census date. This results in a population density ratio of 4,539 persons per square kilometer, placing the area in the top 10% nationally according to AreaSearch's assessment. Richmond (South) - Cremorne's growth rate of 10.2% since the 2021 census exceeded both national (8.9%) and state averages, indicating it as a region leader in population growth. Overseas migration contributed approximately 80.6% of overall population gains during recent periods.

AreaSearch uses 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 weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population trends forecast a significant increase in the top quartile of Australian statistical areas, with Richmond (South) - Cremorne expected to grow by 6,791 persons to 2041, reflecting an overall increase of 33.6% over the 17-year period.

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. Over the past five financial years, from FY21 to FY25, around 398 homes were approved, with another 8 approved so far in FY26. On average, about 0.4 new residents have arrived per new home each year during these five financial years, indicating that new supply is keeping pace with or exceeding demand.

The average development value of new dwellings is $777,000, suggesting a focus on the premium market. This year alone, $389.5 million in commercial approvals have been registered, demonstrating strong commercial development momentum. Compared to Greater Melbourne, Richmond South - Cremorne records around 59% of building activity per person and ranks among the 73rd percentile nationally. Building activity has increased recently, with new developments consisting of approximately 11.0% detached houses and 89.0% medium and high-density housing.

This trend caters to downsizers, investors, and entry-level buyers. As of now, there are around 276 people per dwelling approval in the area. By 2041, Richmond South - Cremorne is projected to grow by 6,546 residents. 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 very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 63 projects potentially affecting the region. Notable initiatives 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 projects 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.

AreaSearch analysis of employment trends sees Richmond (South) - Cremorne performing better than 85% of local markets assessed across Australia

Richmond South - Cremorne has a highly educated labour force with significant representation in the technology sector. Its unemployment rate was 2.8% as of June 2025, lower than Greater Melbourne's rate of 4.6%.

Employment growth over the past year was estimated at 6.7%. As of June 2025, 14,795 residents were employed, with an unemployment rate of 1.8% below Greater Melbourne's rate and a workforce participation rate of 78.5%, well above Greater Melbourne's 64.1%. Leading employment industries include professional & technical, health care & social assistance, and education & training. The area has a strong specialization in professional & technical services with an employment share of 2.0 times the regional level, but lower representation in manufacturing at 3.9% compared to the regional average of 7.2%.

There are 1.6 workers for every resident, indicating that the area serves as an employment hub attracting workers from surrounding regions. Between June 2024 and June 2025, employment increased by 6.7%, labour force grew by 7.1%, resulting in a rise of unemployment by 0.4 percentage points. National employment forecasts from Jobs and Skills Australia, released in May 2025, project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Richmond South - Cremorne's employment mix suggests local growth of approximately 7.4% over five years and 14.7% over ten years.

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

AreaSearch aggregated latest postcode level ATO data released for financial year 2022. Richmond (South) - Cremorne had a median income among taxpayers of $81,146 and an average level of $108,374. Nationally, these figures are exceptionally high compared to Greater Melbourne's median of $54,892 and average of $73,761. As of September 2025, current estimates based on a 12.16% Wage Price Index growth would be approximately $91,013 (median) and $121,552 (average). According to 2021 Census figures, Richmond (South) - Cremorne ranks highly nationally for household, family, and personal incomes, between the 92nd and 98th percentiles. Income analysis shows that the $4000+ bracket dominates with 30.6% of residents (5,959 people), 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 above-average rates of outright home ownership

In Richmond (South) - Cremorne, as per the latest Census, 19.3% of dwellings were houses while 80.7% consisted of other types such as semi-detached homes and apartments. This differs from Melbourne metro's figures which showed 12.8% houses and 87.2% 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 $2,326. The median weekly rent figure for Richmond (South) - Cremorne was $508, compared to Melbourne metro's $451. Nationally, these figures translate to significantly higher mortgage repayments at $2,500 versus the Australian average of $1,863, and substantially higher rents at $508 against the national figure of $375.

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

Family households constitute 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 comprise 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 larger than the Greater Melbourne average of 2.0.

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

Educational attainment in Richmond (South) - Cremorne shows a higher percentage of residents aged 15 and above with university qualifications compared to national and state figures. Specifically, 62.6% of residents have such qualifications, surpassing the Australian average of 30.4% and the Victorian average of 33.4%. This indicates a substantial educational advantage for the area. Bachelor degrees are the most common at 41.8%, followed by postgraduate qualifications at 15.5% and graduate diplomas at 5.3%.

Vocational pathways account for 17.5% of qualifications, with advanced diplomas making up 8.5% and certificates 9.0%. A significant portion of the population is actively engaged in formal education, with 23.8% pursuing it. This includes 10.0% in tertiary education, 5.0% in primary education, and 4.0% in secondary education. The area has a robust network of schools, with 8 operating within Richmond (South) - Cremorne educating approximately 1,876 students. It demonstrates typical Australian school conditions with an ICSEA score of 1019, indicating balanced educational opportunities. The educational mix includes 1 primary, 6 secondary, and 1 K-12 school.

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. These comprise a mix of train, light rail, and bus services. The area is served by 20 individual routes that collectively facilitate 12,592 weekly passenger trips.

Transport accessibility is rated as good, with residents typically located within 200 meters of the nearest stop. Service frequency averages 1,798 trips per day across all routes, equating to approximately 187 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 shows excellent health outcomes, with very low prevalence of common health conditions across all ages. Private health cover stands at approximately 75% of the total population (14,547 people), compared to Greater Melbourne's 69.8%. Nationally, this figure is 55.3%.

Mental health issues and asthma are the most prevalent conditions in the area, affecting 9.5% and 8.6% of residents respectively. Overall, 73.4% of residents report no medical ailments, compared to Greater Melbourne's 70.6%. The area has a lower proportion of seniors aged 65 and over at 10.6% (2,068 people), compared to Greater Melbourne's 12.1%. Senior health outcomes align with the general population's health profile in the area.

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

Richmond South - Cremorne showed higher cultural diversity with 14.5% speaking a language other than English at home and 25.1% born overseas. Christianity was the main religion, comprising 34.3%. Judaism was overrepresented at 0.7%, compared to 0.8% in Greater Melbourne.

Top ancestry groups were English (26.5%), Australian (20.7%), and Irish (11.6%). Greek (4.0%) was notably overrepresented, as were Polish (1.1%) and French (0.8%).

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

Richmond (South) - Cremorne has a median age of 32 years, which is younger than Greater Melbourne's average of 37 and significantly lower than Australia's national average of 38. Compared to Greater Melbourne, Richmond (South) - Cremorne has a higher percentage of residents aged 25-34 (34.3%) but fewer residents aged 5-14 (5.5%). This concentration of 25-34-year-olds is notably higher than the national average of 14.5%. According to post-2021 Census data, the percentage of 25-34-year-olds has increased from 32.4% to 34.3%, while the percentage of 45-54-year-olds has decreased from 11.5% to 10.2%. Demographic projections indicate that by 2041, Richmond (South) - Cremorne's age profile will change significantly. The 45-54 cohort is projected to grow the most at 69%, adding 1,377 residents to reach a total of 3,370.