Richmond (South) - Cremorne
Statistical Area - sa2

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 19,360 as of August 2025, according to AreaSearch's analysis. This figure represents a growth of 1,689 people since the 2021 Census, which reported a population of 17,671. The increase is inferred from the estimated resident population of 19,230 in June 2024 and an additional 219 validated new addresses post-Census. This results in a population density ratio of 4,512 persons per square kilometer, placing Cremorne within the top 10% of locations assessed by AreaSearch. The area's 9.6% growth since the 2021 Census exceeded both national (8.6%) and state averages. Overseas migration contributed approximately 80.6% of overall population gains during recent periods, driving this growth.

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 employs 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 trends indicate a significant population increase in the top quartile of Australian statistical areas, with Cremorne expected to grow by 6,791 persons by 2041 based on latest numbers, reflecting a 34.4% total increase over these 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. Over the past five financial years, from FY21 to FY25398 homes were approved, with an additional 8 approved in FY26 so far. The average new resident arrival per new home over these years is 0.4, indicating that supply is keeping pace with or exceeding demand.

The average development value of new dwellings is $1,035,000, suggesting a focus on the premium market. This year has seen $389.5 million in commercial approvals, reflecting strong commercial development momentum. Compared to Greater Melbourne, Richmond South - Cremorne records about 59% of building activity per person and ranks in the 73rd percentile nationally. Building activity has accelerated recently, with 11.0% detached houses and 89.0% medium and high-density housing approved.

This trend offers accessible entry options for downsizers, investors, and first-time buyers. With around 276 people per dwelling approval, the area shows a developing market. Looking ahead, Richmond South - Cremorne is projected to grow by 6,661 residents by 2041. If current development rates continue, housing supply may struggle to match population growth, potentially increasing buyer competition and supporting price increases.

Richmond (South) - Cremorne has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

AreaSearch has identified a total of 66 projects that are expected to impact the area significantly. Among these key projects are: the development of a hotel at 587-593 Church Street (2018-2020), Matchworks located at 560 Church Street in Cremorne (commenced in 2016, completion unknown), the Metro Tunnel Project (expected to be completed by 2025), and the mixed-use development planned for 475-481 Church Street (2019-present). The following list details those projects that are likely to have the most relevance.

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

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 workforce, with the technology sector being prominent. Its unemployment rate was 2.8% in June 2025, lower than Greater Melbourne's 4.6%.

Employment growth over the past year was estimated at 6.7%. There were 14,795 residents employed as of June 2025, with an unemployment rate of 1.8% below Greater Melbourne's and workforce participation at 78.5%, higher than Greater Melbourne's 64.1%. Leading employment industries include professional & technical, health care & social assistance, and education & training. The area specializes in professional & technical jobs, having an employment share twice the regional level, but has lower representation in manufacturing (3.9% vs regional average of 7.2%).

There is a ratio of 1.6 workers to every resident, indicating it functions as an employment hub attracting workers from surrounding areas. Over the year to June 2025, employment increased by 6.7%, labour force grew by 7.1%, leading to an unemployment rise of 0.4 percentage points. In contrast, Greater Melbourne experienced employment growth of 3.5% and a 0.5 percentage point increase in unemployment. State-level data to Sep-25 shows Victoria's employment grew by 1.08% year-on-year, with the state unemployment rate at 4.7%, slightly higher than the national rate of 4.5%. National employment forecasts from Jobs and Skills Australia for May 2025 project a 6.6% increase 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, though this is a simple extrapolation for illustrative purposes and does not account for localized population projections.

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

AreaSearch reports median taxpayer income in Richmond (South) - Cremorne was $81,146 in financial year 2022. Average income stood at $108,374. Nationally, these figures are exceptionally high compared to Greater Melbourne's $54,892 and $73,761 respectively. By March 2025, estimates suggest median income will be approximately $89,350 and average $119,331, based on a 10.11% growth in Wage Price Index since financial year 2022. According to the 2021 Census, incomes in Richmond (South) - Cremorne rank highly nationally, between the 92nd and 98th percentiles for household, family, and personal incomes. The $4000+ income bracket dominates with 30.6% of residents, unlike regional patterns where $1,500 - 2,999 dominates at 32.8%. High weekly earnings exceeding $3,000 are achieved by 44.6% of households, indicating strong consumer spending despite high housing costs consuming 16.0% of income. Disposable income ranks 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 above-average rates of outright home ownership

Richmond (South) - Cremorne's dwelling structure, as per the latest Census, had 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 was 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 compared to Australia's average of $1,863, and rents were substantially higher at $508 versus 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 account for 51.5% of all households, consisting of 16.1% couples with children, 29.1% couples without children, and 4.8% single parent families. Non-family households constitute the remaining 48.5%, with lone person households at 35.4% and group households making up 13.1%. The median household size is 2.1 people, higher 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 benchmarks. 62.6% of residents aged 15+ have university qualifications, compared to 30.4% nationally and 33.4% in Victoria. Bachelor degrees are 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%.

23.8% of the population is actively pursuing formal education, including 10.0% in tertiary, 5.0% in primary, and 4.0% in secondary education. There are 8 schools operating within Richmond (South) - Cremorne, educating approximately 1,876 students. The area has typical Australian school conditions with balanced educational opportunities (ICSEA: 1019). The educational mix includes 1 primary, 6 secondary, and 1 K-12 school. Note: for schools showing 'n/a' in enrolments, please refer to the parent campus.

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 area is served by 20 individual routes that facilitate a total of 12,592 weekly passenger trips.

Transport accessibility is rated as good, with residents typically living within 200 meters of the nearest stop. On average, there are 1,798 trips daily 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 conditions across all ages. Private health cover stands at approximately 75%, higher than Greater Melbourne's 69.8% and the national average of 55.3%. Mental health issues affect 9.5% and asthma impacts 8.6% of residents.

73.4% report no medical ailments, compared to 70.6% in Greater Melbourne. The area has 10.6% seniors (2,056 people), lower than Greater Melbourne's 12.1%. Seniors' health outcomes align with the general population's profile.

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 dominant religion, at 34.3%. Judaism, however, was more prevalent here compared to Greater Melbourne, comprising 0.7% versus 0.8%.

The top three ancestral groups were English (26.5%), Australian (20.7%), and Irish (11.6%). Notable differences existed for Greek (4.0% vs regional 2.8%), Polish (1.1% vs 0.9%), and French (0.8% vs 0.8%) groups.

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 significantly higher than the national average of 14.5%. According to post-2021 Census data, the percentage of residents aged 25-34 has grown from 32.4% to 34.3%, while the percentage of those aged 45-54 has declined from 11.5% to 10.2%. Demographic projections suggest that by 2041, Richmond (South) - Cremorne's age profile will change significantly. The 45-54 age group is projected to grow the most at a rate of 70%, adding 1,389 residents and reaching a total of 3,370 residents in this age bracket.