South Yarra - North

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 reflected an increase of 3,485 people since the 2021 Census, which reported a population of 11,192 people. The change was inferred from the estimated resident population of 13,633 from the ABS as of June 2024 and an additional 677 validated new addresses since the Census date. This level of population equated to a density ratio of 12,544 persons per square kilometer, placing South Yarra - North in the top 10% of national locations assessed by AreaSearch. The area's 31.1% growth since the 2021 census exceeded both the national average (8.9%) and state levels, marking it as a growth leader. Overseas migration contributed approximately 94.0% of overall population gains during recent periods.

AreaSearch adopted ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data, AreaSearch utilised VIC State Government's Regional/LGA projections released in 2023, adjusting with 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 projected demographic shifts, South Yarra - North's population is forecast to increase significantly in the top quartile of statistical areas nationally. The area is expected to expand by 6,106 persons to 2041, reflecting a total increase of 34.5% over the 17 years.

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. So far in FY26131 approvals have been recorded. On average, 1.8 people moved to the area for each dwelling built between FY21 and FY25, indicating balanced supply and demand conditions. However, this figure increased to 22.1 people per dwelling over the past two financial years, suggesting growing popularity and potential supply constraints in the area. New properties are constructed at an average expected cost of $976,000, targeting the premium market segment with higher-end properties.

In FY26, $29.1 million in commercial approvals have been registered, indicating strong commercial development momentum. Compared to Greater Melbourne, South Yarra - North has seen slightly more development, with 17.0% above the regional average per person over the five-year period. This preserves reasonable buyer options while sustaining existing property demand. However, development activity has moderated in recent periods. The area's new building activity shows a skew towards compact living, with 99.0% townhouses or apartments and only 1.0% detached houses.

This offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers. South Yarra - North indicates a mature market, with around 419 people per approval. Population forecasts estimate that the area will gain 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 strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified a total of 30 projects that could impact the region. Notable ones include 671 Chapel Street, The Yarra and The Claremont Towers, The Jam Factory, and South Yarra House. The following list details those most likely to be 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 September 2025, lower than Greater Melbourne's 4.7%.

Employment growth over the past year was estimated at 4.7%. As of September 2025, 10,771 residents were employed with an unemployment rate of 2.1%, below Greater Melbourne's rate. Workforce participation was higher at 76.1% compared to Greater Melbourne's 64.1%. Employment is concentrated in professional & technical (strongly specialized), health care & social assistance, and retail trade sectors.

Construction employs only 5.0% of local workers, lower than the regional level of 9.7%. The worker-to-resident ratio was 0.6, indicating above-average employment opportunities locally. In the 12 months prior, employment increased by 4.7% while labour force grew by 5.3%, raising unemployment by 0.5 percentage points. This contrasted with Greater Melbourne's employment and labour force growth of 3.0% and 3.3% respectively, and a 0.3 percentage point rise in unemployment. State-level data to 25-Nov-25 showed Victoria's employment grew by 1.13% year-on-year (adding 41,950 jobs), with an unemployment rate of 4.7%, slightly higher than the national rate of 4.3%. National employment forecasts from May-25 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 employment should increase by 7.4% over five years and 14.6% over ten years, assuming constant population projections.

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

South Yarra - North SA2 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, estimated median and average incomes as of September 2025 are approximately $81,275 and $147,458 respectively. According to 2021 Census figures, individual earnings rank at the 96th percentile nationally ($1,412 weekly), while household income ranks at the 67th 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. 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, consisted of 2.7% houses and 97.3% other dwellings (semi-detached, apartments, 'other' dwellings). This is compared to Melbourne metro's 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 dwellings at 67.9%. The median monthly mortgage repayment was $2,000, below Melbourne metro's average of $2,287. The median weekly rent was $426, similar to Melbourne metro's figure of $425. Nationally, South Yarra - North's mortgage repayments were higher at $2,000 compared to the Australian average of $1,863, while rents were substantially higher at $426 compared to 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 account for 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 constitute 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 higher educational attainment than national averages. Among residents aged 15+, 66.6% have university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. 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%, with advanced diplomas at 9.6% and certificates at 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.

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

Public transport analysis shows that there are 29 active transport stops operating within South Yarra - North. These stops offer a mix of train, light rail, and bus services. There are 8 individual routes servicing these stops, collectively providing 7,615 weekly passenger trips.

Transport accessibility is rated as excellent, with residents typically located 138 meters from the nearest transport stop. Service frequency averages 1,087 trips per day across all routes, 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 very low prevalence of common health conditions across all age groups. The private health cover rate is approximately 82% (12,079 people), significantly higher than 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 report being 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, lower than the 16.3% in Greater Melbourne. Health outcomes among seniors are strong and largely align 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 significant cultural diversity, with 29.9% speaking a language other than English at home and 45.9% born overseas. Christianity is the predominant religion, comprising 31.9%. Judaism is overrepresented compared to Greater Melbourne, making up 1.7% of South Yarra-North's population.

The top three ancestry groups are English (21.8%), Australian (14.1%), and Other (12.8%). French (1.1%) and Polish (1.2%) are notably overrepresented compared to regional figures, while Russian is slightly underrepresented at 0.6%.

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 significantly lower than Australia's 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 notably 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%. By 2041, demographic modeling suggests that 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.