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 19,250 as of May 2026. This reflects an increase of 1,579 people since the 2021 Census, which reported a population of 17,671. The change is inferred from ABS data showing an estimated resident population of 19,225 in June 2025 and an additional 287 validated new addresses since the Census date. This results in a population density ratio of 4,487 persons per square kilometer, placing it in the top 10% of national locations assessed by AreaSearch. The area's 8.9% growth since the census is within 0.4 percentage points of the state's growth rate of 9.3%, indicating competitive growth fundamentals. Overseas migration contributed approximately 81.3% of overall population gains during recent periods.

AreaSearch adopts 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 uses VIC State Government's Regional/LGA projections released in 2023, adjusted using a method of 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. Based on demographic trends and the latest annual ERP population numbers, the area is forecasted to increase by 6,382 persons to reach a total of 25,632 by 2041, reflecting a gain of 33.0% over the 16-year period.

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

Richmond South Cremorne averaged approximately 79 dwelling approvals annually over the past five financial years, totalling 398 homes. As of FY26, there have been 10 approvals recorded so far. Between FY21 and FY25, an average of 0.4 people moved to the area for each dwelling built. New supply has kept pace with or exceeded demand, offering ample buyer choice and creating capacity for population growth beyond current forecasts.

The average construction value of new properties was $777,000, indicating a focus on the premium segment. In FY26, there have been $389.5 million in commercial approvals, reflecting high levels of local commercial activity. Compared to Greater Melbourne, Richmond South Cremorne records about 60% of building activity per person and ranks among the 73rd percentile nationally. New development consists of 11.0% standalone homes and 89.0% attached dwellings, attracting downsizers, investors, and first-time purchasers due to affordable entry pathways.

With around 276 people per dwelling approval, Richmond South Cremorne shows a developing market with an expected population growth of 6,357 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Richmond (South) - Cremorne has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

AreaSearch has identified a total of 62 projects that are likely to impact the area, with changes to local infrastructure, major projects, and planning initiatives significantly influencing performance. Key projects include Matchworks Cremorne, 587-593 Church Street Hotel Development, 75-119 Cubitt Street, and Fairfield by Marriott and Apartments by Marriott Bonvoy Richmond. 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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AreaSearch analysis reveals Richmond (South) - Cremorne significantly outperforming the majority of regions assessed nationwide

Richmond South - Cremorne has a highly educated workforce with significant representation in the technology sector. The unemployment rate was 3.1% as of December 2025, compared to Greater Melbourne's 4.8%. Employment growth over the past year was estimated at 4.1%.

There were 14,516 residents employed, with a workforce participation rate of 85.5%, higher than Greater Melbourne's 69.9%. According to Census responses, 53.6% of residents worked from home. Key industries include professional & technical (employment share 2.0 times the regional level), health care & social assistance, and education & training. Manufacturing has lower representation at 3.9%, compared to the regional average of 7.2%.

The area functions as an employment hub with 1.6 workers per resident. Over a 12-month period ending in December 2025, employment increased by 4.1% while labour force grew by 4.6%, resulting in unemployment rising by 0.5 percentage points. In comparison, Greater Melbourne recorded employment growth of 2.4%, labour force growth of 2.8%, and an increase in unemployment of 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years for national employment. Applying these projections to Richmond South - Cremorne's industry mix suggests local employment should increase by 7.4% over five years and 14.7% over ten years, based on simple weighting extrapolation.

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

The Richmond (South) - Cremorne SA2 had median taxpayer income of $84,214 and average income of $113,625 in financial year 2023. This was among the top percentile nationally, contrasting with Greater Melbourne's median income of $57,688 and average income of $75,164. By March 2026, estimates based on Wage Price Index growth of 9.62% would be approximately $92,315 (median) and $124,556 (average). In 2021 Census figures, household, family and personal incomes in Richmond (South) - Cremorne ranked highly, between the 92nd and 97th percentiles nationally. The $4000+ earnings band captured 30.6% of the community (5,890 individuals), differing from broader area patterns where $1,500 - 2,999 dominated with 32.8%. Economic strength was evident with 44.6% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consumed 16.0% of income, but strong earnings placed disposable income at the 91st percentile and the area's SEIFA income ranking placed 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 evaluation, 19.3% of dwellings were houses while 80.7% were other types such as semi-detached homes, apartments, and 'other' dwellings. 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 was $2,500, higher than Melbourne metro's average of $2,000. The median weekly rent in the area was $508, compared to Melbourne metro's $390. Nationally, Richmond (South) - Cremorne's median mortgage repayments were significantly higher at $2,500 against Australia's average of $1,863, while rents were 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 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 constitute 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

Richmond (South) - Cremorne has a higher educational attainment than Australia's average. 62.6% of its residents aged 15 and above hold university qualifications, compared to the national average of 30.4%. In Victoria, this figure stands at 33.4%. Bachelor degrees are the most common, with 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 and above - advanced diplomas (8.5%) and certificates (9.0%). Notably, 23.8% of the population is actively pursuing formal education, with 10.0% in tertiary, 5.0% in primary, 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 operating within its boundaries. These stops offer a mix of train, light rail, and bus services, with 20 individual routes collectively providing 16,196 weekly passenger trips. Transport accessibility is rated as good, with residents typically located approximately 200 meters from the nearest stop. The area, being primarily residential, sees most residents commuting outward. Car remains the dominant mode of transport at 56%, while walking accounts for 14% and train use is at 13%. Vehicle ownership averages 0.7 per dwelling, which is below the regional average.

According to the 2021 Census, a high percentage of residents, 53.6%, work from home, possibly due to COVID-19 conditions. Service frequency across all routes averages 2,313 trips per day, 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 based on AreaSearch's assessment of mortality rates and chronic condition prevalence, showing very low prevalence across all age groups. The rate of private health cover is exceptionally high at approximately 78% of the total population (15,015 people), compared to 56.7% in Greater Melbourne and a national average of 55.7%. Mental health issues affect 9.5% of residents, while asthma impacts 8.6%, with 73.4% declaring themselves completely clear of medical ailments, compared to 72.6% across Greater Melbourne.

Working-age residents have low chronic condition prevalence. The area has 11.0% of residents aged 65 and over (2,121 people), lower than the 15.0% in Greater Melbourne. Health outcomes among seniors are 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 has a higher than average cultural diversity, with 14.5% of its population speaking languages other than English at home and 25.1% born overseas. Christianity is the predominant religion in Richmond South-Cremorne, comprising 34.3%. Judaism is slightly overrepresented compared to Greater Melbourne, making up 0.7% versus 1.0%.

The top three ancestry groups are English (26.5%), Australian (20.7%), and Irish (11.6%), all substantially higher than regional averages of 20.1% and 6.5%, respectively. Notable overrepresentation includes Polish (1.1% vs 0.8%), Greek (4.0% vs 2.7%), and French (0.8% vs 0.5%).

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 the national average of 38. Compared to Greater Melbourne, Richmond (South) - Cremorne has a higher proportion of residents aged 25-34 (34.5%) but fewer residents aged 5-14 (5.2%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.6%. According to post-2021 Census data, the proportion of 25 to 34 year-olds has increased from 32.4% to 34.5%, while the proportion of 45 to 54 year-olds has decreased from 11.5% to 10.1%. Demographic projections suggest that by 2041, Richmond (South) - Cremorne's age profile will change significantly. The 25 to 34 age group is projected to grow by 21%, adding 1,374 residents to reach a total of 8,022.