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 19,475 as of Nov 2025. This reflects an increase of 1,804 people since the 2021 Census which reported a population of 17,671 people. The change was inferred from the estimated resident population of 19,230 from the ABS as of June 2024 and an additional 274 validated new addresses since the Census date. This level of population equates to a density ratio of 4,539 persons per square kilometer, which lies in the top 10% of national locations assessed by AreaSearch. Richmond (South) - Cremorne's growth of 10.2% since the 2021 census exceeded the national average of 8.9%. Population growth was primarily driven by overseas migration contributing approximately 80.6% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future trends forecast a significant population increase, with the area expected to grow by 6,791 persons to 2041 based on latest annual ERP population numbers, reflecting an increase of 33.6% 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 had approximately 79 new homes approved annually. Between Financial Year 21 and Financial Year 25398 homes were approved, with an additional 10 approved in Financial Year 26 so far. On average, 0.4 new residents have arrived per new home over the past five financial years.

This indicates that new supply is meeting or exceeding demand, providing ample buyer choice and capacity for population growth beyond current forecasts. The average development value of new dwellings is $777,000, suggesting a focus on premium market developments. In Financial Year 26, commercial approvals totaled $389.5 million, indicating strong commercial development momentum. Compared to Greater Melbourne, Richmond South - Cremorne has about 59% of the building activity per person and ranks in the 73rd percentile nationally.

Recent years have seen an acceleration in building activity, with 11.0% detached houses and 89.0% medium and high-density housing approved. This trend towards denser development offers accessible entry options for downsizers, investors, and entry-level buyers. With around 276 people per dwelling approval, the market is showing signs of growth. By 2041, Richmond South - Cremorne is projected to grow by 6,546 residents. If current development rates continue, housing supply may struggle to keep up with population growth, potentially increasing buyer competition and supporting price increases.

Richmond (South) - Cremorne has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 63 projects likely 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 those most 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.

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, lower than Greater Melbourne's rate of 4.7%.

Employment growth over the past year was estimated at 4.5%. There were 14,401 residents employed while workforce participation was high at 78.5%, compared to Greater Melbourne's 64.1%. Leading employment industries include professional & technical, health care & social assistance, and education & training. The area shows strong specialization in professional & technical services, with an employment share of 2.0 times the regional level.

Conversely, manufacturing has lower representation at 3.9% compared to the regional average of 7.2%. There are 1.6 workers for every resident, indicating that the area functions as an employment hub 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 slight rise in unemployment of 0.4 percentage points. In contrast, Greater Melbourne experienced employment growth of 3.0% and a labour force growth of 3.3%, with a 0.3 percentage point rise in unemployment. Providing broader context, state-level data to 25-Nov shows VIC employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. Nationally, employment growth was 0.14%, and the unemployment rate was 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Richmond (South) - Cremorne's employment should increase by 7.4% over five years and 14.7% over ten years, based on a simple weighting extrapolation of industry-specific projections against the local employment mix.

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

AreaSearch's aggregation of latest postcode level ATO data released for financial year 2022 shows Richmond (South) - Cremorne SA2 had a median taxpayer income of $81,146 and an average income of $108,374. These figures are exceptionally high nationally, 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 as of September 2025 would be approximately $91,013 (median) and $121,552 (average). According to 2021 Census figures, household, family, and personal incomes in Richmond (South) - Cremorne rank highly nationally, between the 92nd and 97th percentiles. Income analysis reveals that 30.6% of residents (5,959 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 above-average rates of outright home ownership

Richmond (South) - Cremorne's dwelling structure, as per the latest Census, consisted of 19.3% houses and 80.7% other dwellings. In comparison, Melbourne metro had 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 was $2,500, higher than Melbourne metro's average of $2,326. The median weekly rent in the area was $508, compared to Melbourne metro's $451. Nationally, Richmond (South) - Cremorne's mortgage repayments were significantly higher at $2,500 versus Australia's average of $1,863, and rents were substantially above 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 account for 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, 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 is notably higher than broader averages. Among residents aged 15 and above, 62.6% have 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% of qualifications, with advanced diplomas at 8.5% and certificates at 9.0%.

A significant portion of the population is actively pursuing education, with 23.8% engaged in formal learning. This includes 10.0% in tertiary education, 5.0% in primary education, and 4.0% pursuing 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. These include train, light rail, and bus services. The stops are served by 20 different routes, collectively offering 12,592 weekly passenger trips.

Transport accessibility is rated 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 has low prevalence rates for common health conditions across all age groups. Private health cover is high at approximately 75%, compared to 69.8% in Greater Melbourne and a national average of 55.3%. The most prevalent conditions are mental health issues (9.5%) and asthma (8.6%), with 73.4% reporting no medical ailments, higher than the Greater Melbourne rate of 70.6%.

Seniors aged 65 and over comprise 10.6% of residents (2,068 people), lower than Greater Melbourne's 12.1%. Despite this, health outcomes among seniors align with those of 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 had 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 was the predominant religion in Richmond South - Cremorne, accounting for 34.3%. However, Judaism was significantly overrepresented at 0.7%, compared to 0.8% across Greater Melbourne.

The top three ancestry groups were English (26.5%), Australian (20.7%), and Irish (11.6%). There were notable deviations in the representation of certain ethnic groups: Polish was overrepresented at 1.1%, Greek at 4.0%, and French at 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 the Greater Melbourne average of 37 years and significantly lower than the national average of 38 years. Compared to Greater Melbourne, Richmond (South) - Cremorne has a higher proportion of residents aged 25-34 years (34.3%), but fewer residents aged 5-14 years (5.5%). This concentration of 25-34 year-olds is well above the national average of 14.5%. According to data from the post-2021 Census, the proportion of residents aged 25 to 34 has grown from 32.4% to 34.3%, while the proportion of those aged 45 to 54 has declined from 11.5% to 10.2%. Demographic modeling suggests that by 2041, Richmond (South) - Cremorne's age profile will change significantly. The 45-54 age cohort is projected to grow by 69%, adding 1,377 residents to reach a total of 3,370.