South Yarra - North
Statistical Area - sa2

South Yarra - North lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

South Yarra - North's population was around 14,677 as of November 2025. This figure reflects an increase of 3,485 people, representing a 31.1% growth since the 2021 Census, which reported a population of 11,192 people. The change was inferred from the estimated resident population of 13,633 as of June 2024 and an additional 677 validated new addresses since the Census date. This results in a population density ratio of 12,544 persons per square kilometer, placing South Yarra - North among the top 10% of national locations assessed by AreaSearch, indicating high demand for land in the area. The area's growth exceeded both the national average (8.9%) and state averages since the 2021 census. Population growth was primarily driven by overseas migration, contributing approximately 94.0% of overall population gains during recent periods.

AreaSearch adopted 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 utilized the VIC State Government's Regional/LGA projections released in 2023, adjusting using a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group were applied across all areas for years 2032 to 2041. Based on these projections, South Yarra - North is forecasted to experience significant population increase in the top quartile of statistical areas nationally, with an expected expansion of 6,106 persons by 2041, representing a total increase of 34.5% over the 17-year period.

Recent residential development output has been above average within South Yarra - North when compared nationally

South Yarra - North has seen approximately 157 new homes approved annually over the past five financial years, totalling 789 homes. As of FY26, there have been 5 approvals recorded so far. On average, 1.8 people moved to the area per dwelling built between FY21 and FY25, suggesting a balanced supply and demand dynamic, with stable market conditions. However, this figure has increased to 22.1 people per dwelling over the past two financial years, indicating growing popularity and potential supply constraints in the area. New properties are constructed at an average value of $976,000, targeting the premium market segment.

This year alone, $29.1 million in commercial approvals have been registered, demonstrating strong commercial development momentum. Compared to Greater Melbourne, South Yarra - North has slightly more development activity, with 17.0% above the regional average per person over the past five years. This preserves reasonable buyer options while sustaining existing property demand. However, development activity has moderated in recent periods. Nationally, this activity is well above average, reflecting strong developer confidence in the area.

New building activity shows a skew towards compact living, with 99.0% townhouses or apartments and only 1.0% detached houses. This trend offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers. The area indicates a mature market, with around 419 people per approval. Population forecasts suggest South Yarra - North will gain approximately 5,062 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.

South Yarra - North has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 30 projects likely to impact the area. Notable projects include The Yarra, The Claremont Towers, 671 Chapel Street, South Yarra House, and The Jam Factory. Below is a list detailing those most relevant.

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

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AreaSearch analysis of employment trends sees South Yarra - North performing better than 85% of local markets assessed across Australia

South Yarra - North has a highly educated workforce with significant representation in the technology sector. Its unemployment rate was 2.6% as of June 2025, lower than Greater Melbourne's 4.6%.

Employment growth over the past year was estimated at 6.3%. As of June 2025, 10,792 residents were employed, with an unemployment rate of 2.0%, and workforce participation at 76.1%, higher than Greater Melbourne's 64.1%. Employment is concentrated in professional & technical (double the regional level), health care & social assistance, and retail trade. Construction employs just 5.0% of local workers, below Greater Melbourne's 9.7%.

The worker-to-resident ratio was 0.6 at the Census, indicating above-average employment opportunities locally. Between June 2024 and June 2025, employment increased by 6.3%, labour force grew by 7.1%, leading to a rise in unemployment rate of 0.7 percentage points. In contrast, Greater Melbourne saw employment rise by 3.5%, labour force grow by 4.0%, with unemployment increasing by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to South Yarra - North's employment mix suggests local growth of approximately 7.4% over five years and 14.6% over ten years, though this is a simple extrapolation for illustrative purposes only.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

South Yarra - North has one of the highest income levels nationally according to latest ATO data aggregated by AreaSearch for financial year 2022. Its median income among taxpayers is $72,463 and average income stands at $131,471, compared to Greater Melbourne's figures of $54,892 and $73,761 respectively. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates for median and average income would be approximately $81,275 and $147,458 as of September 2025. According to 2021 Census figures, individual earnings rank at the 97th percentile nationally ($1,412 weekly), while household income ranks at the 68th percentile. Income analysis shows that the largest segment comprises 37.5% earning $1,500 - 2,999 weekly (5,503 residents), consistent with broader trends across the metropolitan region showing 32.8% in the same category. High housing costs consume 18.0% of income, but strong earnings place disposable income at the 65th percentile, and the area's SEIFA income ranking places it in the 10th decile.

South Yarra - North features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

South Yarra - North's dwelling structure, as per the latest Census, comprised 2.7% houses and 97.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 16.9% houses and 83.1% other dwellings. Home ownership in South Yarra - North was at 15.0%, with mortgaged dwellings at 17.1% and rented ones at 67.9%. The median monthly mortgage repayment was $2,000, below Melbourne metro's average of $2,287. Median weekly rent in South Yarra - North was $426, compared to Melbourne metro's $425. Nationally, South Yarra - North's mortgage repayments were higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

South Yarra - North features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households constitute 38.9% of all households, including 6.4% couples with children, 27.4% couples without children, and 3.4% single parent families. Non-family households account for the remaining 61.1%, with lone person households at 52.6% and group households comprising 8.5%. The median household size is 1.6 people, which is smaller than the Greater Melbourne average of 1.9.

Educational achievement in South Yarra - North places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

South Yarra - North has a significantly higher educational attainment than national and state averages. 66.6% of its residents aged 15 and above hold university qualifications, compared to 30.4% nationally and 33.4% in Victoria. Bachelor degrees are the most common at 41.7%, followed by postgraduate qualifications (20.4%) and graduate diplomas (4.5%). Vocational pathways account for 16.8% of qualifications, with advanced diplomas making up 9.6% and certificates 7.2%.

Educational participation is high, with 27.6% of residents currently enrolled in formal education. This includes 16.5% in tertiary education, 2.5% in primary education, and 2.2% pursuing secondary education. The area's five schools have a combined enrollment of 2,758 students, serving as an educational center for the broader region with a school capacity of 18.8 places per 100 residents, higher than the regional average of 14.1. The area demonstrates significant socio-educational advantages and academic achievement (ICSEA: 1138). The educational mix includes two secondary schools and three K-12 schools.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

South Yarra - North has 29 active public transport stops. These include train, light rail, and bus services. Eight routes operate in the area, collectively serving 7,615 weekly passenger trips.

Residents have excellent transport accessibility, with an average distance of 138 meters to the nearest stop. Service frequency across all routes is 1,087 trips per day, equating to approximately 262 weekly trips per individual stop.

South Yarra - North's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

South Yarra - North demonstrates excellent health outcomes, with a low prevalence of common health conditions across all age groups. Private health cover is exceptionally high at approximately 82% (12,079 people), compared to the national average of 55.3%.

Mental health issues and asthma are the most common medical conditions in the area, affecting 9.5 and 8.0% of residents respectively. A total of 76.8% of residents declare themselves completely clear of medical ailments, compared to 73.3% across Greater Melbourne. The area has 8.3% (1,216 people) of residents aged 65 and over, which is lower than the 16.3% in Greater Melbourne. Health outcomes among seniors are particularly strong, broadly aligning with the general population's health profile.

South Yarra - North is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

South Yarra - North has high cultural diversity, with 29.9% speaking a language other than English at home and 45.9% born overseas. Christianity is the main religion, comprising 31.9%. Judaism is overrepresented at 1.7%, compared to Greater Melbourne's 5.1%.

The top three ancestry groups are English (21.8%), Australian (14.1%), and Other (12.8%). French, Polish, and Russian ethnicities show notable divergences: French is 1.1% vs regional 1.0%, Polish is 1.2% vs 1.9%, and Russian is 0.6% vs 0.9%.

South Yarra - North hosts a very young demographic, ranking in the bottom 10% of areas nationwide

South Yarra - North 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, South Yarra - North has a higher proportion of residents aged 25-34 (40.3%) but fewer residents aged 5-14 (2.6%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.5%. According to data from the 2021 Census, the proportion of residents aged 15-24 has increased from 13.2% to 14.2%, while the proportion of those aged 65-74 has decreased from 4.9% to 4.2%. Demographic projections suggest that by 2041, South Yarra - North's age profile will change significantly. The 25-34 age group is projected to grow by 25%, adding 1,486 residents and reaching a total of 7,395 residents in this age bracket.