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

Based on AreaSearch's analysis, Richmond (South) - Cremorne's population is around 19,410 as of Feb 2026. This reflects an increase of 1,739 people (9.8%) 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 population level equates to a density ratio of 4,524 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. Richmond (South) - Cremorne's 9.8% growth since the census positions it within 0.1 percentage points of the national average (9.9%), demonstrating competitive growth fundamentals. Population growth for the area was primarily driven by overseas migration, which 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 around 79 new homes approved each year, with 398 homes approved over the past 5 financial years (between FY-21 and FY-25) and 10 so far in FY-26. At an average of just 0.4 new residents per year arriving per new home over the past 5 financial years (between FY-21 and FY-25), new supply is keeping pace with or exceeding demand, offering ample buyer choice and creating capacity for population growth beyond current forecasts, while new dwellings are developed at an average construction cost of $777,000, showing that developers are focusing on the premium market with high-end developments. Additionally, $389.5 million in commercial approvals have been registered this financial year, indicating strong commercial development momentum.

Relative to Greater Melbourne, Richmond (South) - Cremorne records about 59% of the building activity per person and ranks in the 73rd percentile of areas assessed nationally, though building activity has accelerated in recent years. New building activity consists of 11.0% detached houses and 89.0% medium and high-density housing. This trend toward 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 shows a developing market.

Looking ahead, Richmond (South) - Cremorne is expected to grow by 6,611 residents through to 2041 (based on the latest AreaSearch quarterly estimate). At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

Richmond (South) - Cremorne 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, 63 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include the 587-593 Church Street Hotel Development, Matchworks (560 Church Street, Cremorne), Richmond Public Housing Redevelopment, and 475-481 Church Street Mixed-Use Development, 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.

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

Richmond (South) - Cremorne possesses a highly educated workforce, with the technology sector a particular standout in terms of representation, an unemployment rate of only 3.1%, and 4.1% in estimated employment growth over the past year. As of December 2025, 14,516 residents are in work while the unemployment rate is 1.7% below Greater Melbourne's rate of 4.8%, and workforce participation is well beyond standard (85.5% compared to Greater Melbourne's 71.3%). Based on Census responses, a high 53.6% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

Leading employment industries among residents comprise professional & technical, health care & social assistance, and education & training. The area shows particularly strong specialization in professional & technical, with an employment share of 2.0 times the regional level. Conversely, manufacturing shows lower representation at 3.9% versus the regional average of 7.2%. With 1.6 workers for every resident, as at the Census, the area functions as an employment hub, hosting more jobs than residents and attracting workers from surrounding areas.

Based on AreaSearch analysis of SALM and ABS data, over the 12 months to December 2025, employment increased by 4.1% while labour force increased by 4.6%, resulting in unemployment rising by 0.5 percentage points. In contrast, Greater Melbourne experienced employment growth of 2.4% and labour force growth of 2.8%, with a 0.3 percentage point rise. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Richmond (South) - Cremorne. 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 Richmond (South) - Cremorne's employment mix suggests local employment should increase by 7.4% over five years and 14.7% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

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

According to AreaSearch's aggregation of the latest postcode level ATO data released for FY-23, the Richmond (South) - Cremorne SA2 had a median income among taxpayers of $84,214 with the average level standing at $113,625. This is exceptionally high nationally and compares to levels of $57,688 and $75,164 across Greater Melbourne respectively. Based on Wage Price Index growth of 8.25% since FY-23, current estimates would be approximately $91,162 (median) and $122,999 (average) as of September 2025. According to 2021 Census figures, household, family and personal incomes all rank highly in Richmond (South) - Cremorne, between the 92nd and 97th percentiles nationally. Income analysis reveals the $4000+ bracket dominates with 30.6% of residents (5,939 people), differing from patterns across regional levels where $1,500 - 2,999 dominates with 32.8%. Economic strength emerges through 44.6% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consume 16.0% of income, though strong earnings still place disposable income at the 91st percentile and 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

Dwelling structure within Richmond (South) - Cremorne, as evaluated at the latest Census, comprised 19.3% houses and 80.7% 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 Richmond (South) - Cremorne lagged that of Melbourne metro, at 22.4%, with the remainder of dwellings either mortgaged (27.4%) or rented (50.3%). 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 $508, compared to Melbourne metro's $2,000 and $390. Nationally, Richmond (South) - Cremorne's mortgage repayments are significantly higher than the Australian average of $1,863, while rents are substantially above the national figure of $375.

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

Family households dominate at 51.5% of all households, comprising 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% of the total. The median household size of 2.1 people 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 significantly surpasses broader benchmarks, with 62.6% 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 41.8%, followed by postgraduate qualifications (15.5%) and graduate diplomas (5.3%). Vocational pathways account for 17.5% of qualifications among those aged 15+ – advanced diplomas (8.5%) and certificates (9.0%).

A substantial 23.8% of the population actively pursues formal education. 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

Public transport analysis reveals 67 active transport stops operating within Richmond (South) - Cremorne, comprising a mix of train, light rail, and buses. These stops are serviced by 20 individual routes, collectively providing 16,196 weekly passenger trips. Transport accessibility is rated as good, with residents typically located 200 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 56%, with 14% walking and 13% by train. Vehicle ownership averages 0.7 per dwelling, which is below the regional average. A high 53.6% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 2,313 trips per day 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

Health outcomes data demonstrates outstanding results across Richmond (South) - Cremorne, 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 (15,139 people), compared 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 9.5% and 8.6% of residents, respectively, while 73.4% declared themselves as completely clear of medical ailments compared to 72.6% across Greater Melbourne. Working-age residents are notably healthy with low chronic condition prevalence. The area has 11.0% of residents aged 65 and over (2,133 people), which is lower than the 15.1% in Greater Melbourne. Health outcomes among seniors are particularly strong, with national rankings broadly in line with 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 was found to be above average in terms of cultural diversity, with 14.5% of its population speaking a language other than English at home and 25.1% born overseas. The main religion in Richmond (South) - Cremorne is Christianity, which makes up 34.3% of people. However, the most apparent overrepresentation was in Judaism, which comprises 0.7% of the population, compared to 1.0% across Greater Melbourne.

In terms of ancestry (country of birth of parents), the top three represented groups in Richmond (South) - Cremorne are English, comprising 26.5% of the population, which is substantially higher than the regional average of 20.1%, Australian, comprising 20.7% of the population, and Irish, comprising 11.6% of the population, which is substantially higher than the regional average of 6.5%. Additionally, there are notable divergences in the representation of certain other ethnic groups: Polish is notably overrepresented at 1.1% of Richmond (South) - Cremorne (vs 0.8% regionally), Greek at 4.0% (vs 2.7%) and French at 0.8% (vs 0.5%).

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

With a median age of 33, Richmond (South) - Cremorne is materially younger than the Greater Melbourne figure of 37 and is substantially under Australia's 38 years. Relative to Greater Melbourne, Richmond (South) - Cremorne has a higher concentration of 25 - 34 residents (33.9%) but fewer 5 - 14 year-olds (5.3%). This 25 - 34 concentration is well above the national 14.4%. Since the 2021 Census, the 25 to 34 age group has grown from 32.4% to 33.9% of the population. Conversely, the 45 to 54 cohort has declined from 11.5% to 10.2%. Population forecasts for 2041 indicate substantial demographic changes for Richmond (South) - Cremorne. The 25 to 34 cohort shows the strongest projected growth at 21%, adding 1,413 residents to reach 7,993.