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

Based on AreaSearch's analysis, South Yarra - North's population is around 14,690 as of Feb 2026. This reflects an increase of 3,498 people (31.3%) since the 2021 Census, which reported a population of 11,192 people. The change is inferred from the estimated resident population of 13,633 from the ABS as of June 2024 and an additional 679 validated new addresses since the Census date. This population level equates to a density ratio of 12,555 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. South Yarra - North's 31.3% growth since the 2021 census exceeded the national average (9.9%) and the state average, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration, which contributed approximately 94.0% 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 utilizing 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. Considering the projected demographic shifts, a significant population increase in the top quartile of statistical areas across the nation is forecast, with the area expected to expand by 6,106 persons by 2041 based on the latest annual ERP population numbers, reflecting an increase of 34.4% in total over the 17 years.

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

South Yarra - North has seen around 157 new homes approved annually, totalling 789 homes over the past 5 financial years. So far in FY-26134 approvals have been recorded. With an average of 1.8 people per year moving to the area for each dwelling built over the past 5 financial years (between FY-21 and FY-25), supply and demand appear well-balanced, creating stable market conditions, though recent data reveals this has increased to 22.1 people per dwelling over the past 2 financial years, reflecting the area's growing popularity and potential supply constraints. New properties are constructed at an average value of $976,000, revealing that developers are targeting the premium market segment with higher-end properties. Additionally, $29.1 million in commercial approvals have been registered this financial year, indicating strong commercial development momentum.

Compared to Greater Melbourne, South Yarra - North has slightly more development (17.0% above regional average per person over the 5 year period), preserving reasonable buyer options while sustaining existing property demand, though development activity has moderated in recent periods. This activity is well above average nationally, reflecting strong developer confidence in the area. New building activity shows 1.0% detached houses and 99.0% townhouses or apartments. This skew toward compact living offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers. At around 419 people per approval, South Yarra - North indicates a mature market.

Population forecasts indicate South Yarra - North will gain 5,049 residents through to 2041 (from the latest AreaSearch quarterly estimate). 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 20% nationally

Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total 30 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include 671 Chapel Street, The Yarra and The Claremont Towers, The Jam Factory, and South Yarra House, 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.

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

South Yarra - North features a highly educated workforce, with the technology sector a particular standout in terms of representation, an unemployment rate of just 2.6%, and 4.4% in estimated employment growth over the past year. As of December 2025, 10,871 residents are in work while the unemployment rate is 2.2% below Greater Melbourne's rate of 4.8%, and workforce participation is well beyond standard (86.0% compared to Greater Melbourne's 71.3%). Based on Census responses, a high 51.5% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

Employment among residents is concentrated in professional & technical, health care & social assistance, and retail trade. The area shows particularly strong specialization in professional & technical, with an employment share of 2.0 times the regional level. In contrast, construction employs just 5.0% of local workers, below Greater Melbourne's 9.7%. The ratio of 0.6 workers for each resident, as at the Census, indicates a level of local employment opportunities above the norm.

Based on AreaSearch analysis of SALM and ABS data, the 12-month period saw employment increasing by 4.4% alongside labour force increasing by 4.7%, causing the unemployment rate to rise by 0.3 percentage points. This contrasts with Greater Melbourne, where employment rose by 2.4%, the labour force grew by 2.8%, and unemployment rose 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within South Yarra - North. 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 South Yarra - North's employment mix suggests local employment should increase by 7.4% over five years and 14.6% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

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

The South Yarra - North SA2's income level is among the top percentile nationally according to the latest ATO data aggregated by AreaSearch for FY-23. The South Yarra - North SA2's median income among taxpayers is $72,830 and the average income stands at $123,372, which compares to figures for Greater Melbourne's of $57,688 and $75,164 respectively. Based on Wage Price Index growth of 8.25% since FY-23, current estimates would be approximately $78,838 (median) and $133,550 (average) as of September 2025. According to 2021 Census figures, individual earnings stand out at the 96th percentile nationally ($1,412 weekly), though household income ranks lower at the 67th percentile. Income analysis reveals the largest segment comprises 37.5% earning $1,500 - 2,999 weekly (5,508 residents), consistent with broader trends across the metropolitan region showing 32.8% in the same category. High housing costs consume 18.0% of income, though strong earnings still 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

Dwelling structure within South Yarra - North, as evaluated at the latest Census, comprised 2.7% houses and 97.3% 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 South Yarra - North was lagging that of Melbourne metro, at 15.0%, with the remainder of dwellings either mortgaged (17.1%) or rented (67.9%). The median monthly mortgage repayment in the area was in line with the Melbourne metro average at $2,000, while the median weekly rent figure was recorded at $426, compared to Melbourne metro's $2,000 and $390. Nationally, South Yarra - North's mortgage repayments are higher than the Australian average of $1,863, while rents are 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 dominate at 38.9% of all households, comprising 6.4% couples with children, 27.4% couples without children, and 3.4% single parent families. Non-family households make up the remaining 61.1%, with lone person households at 52.6% and group households comprising 8.5% of the total. The median household size of 1.6 people is smaller than the Greater Melbourne average of 2.6.

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

Educational attainment in South Yarra - North significantly surpasses broader benchmarks, with 66.6% 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 41.7%, followed by postgraduate qualifications (20.4%) and graduate diplomas (4.5%). Vocational pathways account for 16.8% of qualifications among those aged 15+ – advanced diplomas (9.6%) and certificates (7.2%).

Educational participation is notably 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 reveals 28 active transport stops operating within South Yarra - North, comprising a mix of light rail and buses. These stops are serviced by 8 individual routes, collectively providing 9,210 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 143 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 42%, with 25% by train and 16% walking. Vehicle ownership averages 0.3 per dwelling, below the regional average. A high 51.5% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 1,315 trips per day across all routes, equating to approximately 328 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

Health outcomes data demonstrates outstanding results across South Yarra - North, 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 79% of the total population (11,575 people). This compares 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 8.0% of residents, respectively, while 76.8% 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 8.7% of residents aged 65 and over (1,275 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.

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 scores highly on cultural diversity, with 29.9% of its population speaking a language other than English at home and 45.9% born overseas. The main religion in South Yarra - North is Christianity, which makes up 31.9% of the population. However, the most apparent overrepresentation is in Judaism, which comprises 1.7% 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 South Yarra - North are English, comprising 21.8% of the population, Australian, comprising 14.1% of the population, and Other, comprising 12.8% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: French is notably overrepresented at 1.1% of South Yarra - North (vs 0.5% regionally), Polish at 1.2% (vs 0.8%) and Russian at 0.6% (vs 0.4%).

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

At 32 years, South Yarra - North's median age is materially younger than the Greater Melbourne average of 37 and significantly lower than the 38-year national average. Relative to Greater Melbourne, South Yarra - North has a higher concentration of 25 - 34 residents (39.4%) but fewer 5 - 14 year-olds (2.6%). This 25 - 34 concentration is well above the national 14.4%. Post-2021 Census data shows the 15 to 24 age group has grown from 13.2% to 14.2% of the population. Conversely, the 25 to 34 cohort has declined from 40.1% to 39.4%. Demographic modeling suggests South Yarra - North's age profile will evolve significantly by 2041. The 25 to 34 cohort shows the strongest projected growth at 28%, adding 1,614 residents to reach 7,395.