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 approximately 14,690 as of February 2026. This figure represents a 31.3% increase from the 2021 Census count of 11,192 people. The growth is inferred from the estimated resident population of 13,633 in June 2024 and an additional 679 validated new addresses since the Census date. This results in a population density ratio of 12,555 persons per square kilometer, placing South Yarra - North among the top 10% of locations assessed by AreaSearch. The area's growth rate exceeded both national (9.9%) and state averages since the 2021 Census. Overseas migration contributed approximately 94.0% 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 the VIC State Government's Regional/LGA projections from 2023, adjusting with 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 these projections, South Yarra - North is forecasted to experience significant population increase, with an expected expansion of 6,106 persons by 2041. This reflects a total increase of 34.4% 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 FY26134 approvals have been recorded. On average, 1.8 people moved to the area for each dwelling built between FY21 and FY25, indicating a balanced supply and demand. However, this figure has increased to 22.1 people per dwelling over the past two financial years, suggesting growing popularity and potential supply constraints. New properties are constructed at an average expected cost 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 seen slightly more development, with 17.0% above the regional average per person over the five-year period. The area's new building activity is dominated by townhouses or apartments (99.0%), with only a small percentage (1.0%) being detached houses. This trend 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.

According to the latest AreaSearch quarterly estimate, the area is forecasted to gain 5,049 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 20% nationally

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 30 projects likely influencing the region. Notable ones are 671 Chapel Street, The Yarra and The Claremont Towers, The Jam Factory, and South Yarra House. Details on these projects follow.

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, below Greater Melbourne's 4.7%. Employment growth over the past year was estimated at 4.7%.

There were 10,771 residents employed in September 2025 with an unemployment rate of 2.1%, lower than Greater Melbourne's rate. Workforce participation was high at 85.2% compared to Greater Melbourne's 71.0%. According to Census responses, 51.5% of residents worked from home, potentially influenced by Covid-19 lockdowns. Employment is concentrated in professional & technical (2.0 times the regional level), health care & social assistance, and retail trade.

Construction employs only 5.0% of local workers, below Greater Melbourne's 9.7%. The ratio of workers to residents was 0.6 as at the Census, indicating above-normal employment opportunities locally. Over a 12-month period ending in September 2025, employment increased by 4.7% and labour force grew by 5.3%, causing unemployment to rise by 0.5 percentage points. In contrast, Greater Melbourne saw employment rise by 3.0%, labour force grow by 3.3%, and unemployment increase by 0.3 percentage points. National employment forecasts from Jobs and Skills Australia (May-25) project national employment 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, though these are simple extrapolations for illustrative purposes only and do not account for localized 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 has one of the highest income levels nationally, according to AreaSearch's aggregation of latest ATO data for financial year 2023. The median income among taxpayers in this area is $72,830, with an average income of $123,372. These figures compare to Greater Melbourne's median and average incomes of $57,688 and $75,164 respectively. Based on Wage Price Index growth of 8.25% since financial year 2023, estimates for September 2025 would be approximately $78,838 (median) and $133,550 (average). According to the 2021 Census, individual earnings in this area 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% of residents earning between $1,500 and $2,999 weekly (5,508 residents). This is consistent with broader trends across the metropolitan region, where 32.8% fall into the same income category. High housing costs consume 18.0% of income in this area, but strong earnings place disposable income at the 65th percentile nationally. 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 in 2016 comprised 2.7% houses and 97.3% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in South Yarra - North was 15.0%, with mortgaged dwellings at 17.1% and rented dwellings at 67.9%. The median monthly mortgage repayment was $2,000, aligning with Melbourne metro's average, while the median weekly rent was $426 compared to Melbourne metro's $390. Nationally, South Yarra - North's mortgage repayments were higher than the Australian average of $1,863, and 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 account for 38.9% of all households, including 6.4% that are couples with children, 27.4% that are couples without children, and 3.4% that consist of single parents. Non-family households make up the remaining 61.1%, with lone person households comprising 52.6% and group households making up 8.5%. The median household size is 1.6 people, which 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

South Yarra - North has a higher educational attainment than national and state 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% of qualifications, with advanced diplomas at 9.6% and certificates at 7.2%.

Educational participation is high, with 27.6% 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

South Yarra - North has 28 active public transport stops serving a mix of lightrail and buses. These stops are covered by 8 different routes that together facilitate 9,210 weekly passenger trips. The area's transport accessibility is rated excellent, with residents on average located 143 meters from the nearest stop. As it is primarily residential, most residents commute outward. Cars remain the dominant mode of transport at 42%, followed by trains at 25% and walking at 16%. Vehicle ownership averages 0.3 per dwelling, below the regional average.

According to the 2021 Census, 51.5% of residents work from home, which may reflect COVID-19 conditions. Service frequency across all routes averages 1,315 trips per day, 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

South Yarra - North demonstrates excellent health outcomes based on AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Approximately 79% of the total population (11,575 people) have private health cover, which is significantly higher than Greater Melbourne's 56.7% and the national average of 55.7%.

Mental health issues and asthma are the most common medical conditions in the area, affecting 9.5 and 8.0% of residents respectively. Notably, 76.8% of residents declare themselves completely clear of medical ailments, compared to 72.6% across Greater Melbourne. Working-age residents have low chronic condition prevalence. The area has 8.7% of residents aged 65 and over (1,275 people), which is lower than Greater Melbourne's 15.1%. 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 has notable cultural diversity, with 29.9% speaking a language other than English at home and 45.9% born overseas as of August 2016 data. Christianity is the main religion, comprising 31.9%. Judaism is overrepresented at 1.7%, compared to 1.0% in Greater Melbourne.

Top ancestry groups are English (21.8%), Australian (14.1%), and Other (12.8%). French (1.1%) Polish (1.2%) and Russian (0.6%) ethnicities are notably overrepresented compared to regional averages of 0.5%, 0.8% and 0.4% respectively.

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 (39.4%), but fewer residents aged 5-14 (2.6%). This concentration of 25-34 year-olds is notably higher than the national average of 14.4%. 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 25-34 has decreased slightly from 40.1% to 39.4%. By 2041, demographic modeling predicts significant changes in South Yarra-North's age profile, with the strongest projected growth in the 25-34 cohort (28%), adding 1,614 residents to reach a total of 7,395 in that age group.