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 13,779 as of May 2026. This represented an increase of 2,587 people since the 2021 Census, which reported a population of 11,192. The growth was inferred from ABS data showing an estimated resident population of 13,779 in June 2025 and an additional 699 validated new addresses since the Census date. This resulted in a population density ratio of 11,776 persons per square kilometer, placing South Yarra - North in the top 10% of national locations assessed by AreaSearch. The area's 23.1% growth since the 2021 census exceeded both state (9.3%) and national averages. Overseas migration contributed approximately 94.0% of overall population gains during recent periods.

AreaSearch uses 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 employs VIC State Government's Regional/LGA projections released in 2023, adjusting using weighted aggregation methods from LGA to SA2 levels. Growth rates by age group are applied across all areas for the years 2032 to 2041. Based on these projections, South Yarra - North is forecasted to experience significant population growth, with an expected increase of 5,346 persons by 2041, reflecting a total increase of 38.8% over the 16-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 dwellings. As of FY26142 approvals have been recorded. On average, 1.8 people moved to the area per dwelling built between FY21 and FY25. However, this figure increased to 22.1 people per dwelling over the past two financial years, reflecting growing popularity and potential supply constraints. New properties are constructed at an average value of $976,000, indicating a focus on premium market segments.

In FY26, $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 13.0% 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. 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 suggest the area will gain approximately 5,346 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 to local infrastructure significantly influence an area's performance. AreaSearch has identified a total of thirty projects likely to impact the area. Notable projects include 671 Chapel Street, The Yarra, The Claremont Towers, Matchworks Cremorne, 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.

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 has a highly educated workforce with significant representation in the technology sector. Its unemployment rate was 2.6% as of December 2025, which is below Greater Melbourne's rate of 4.8%. Employment growth over the past year was estimated at 4.4%.

As of December 2025, there were 10,871 residents in work and the unemployment rate was 2.2% lower than Greater Melbourne's rate. Workforce participation was higher at 84.9%, compared to Greater Melbourne's 69.9%. According to Census responses, 51.5% of residents worked from home, potentially influenced by Covid-19 lockdowns. Employment is concentrated in professional & technical, health care & social assistance, and retail trade sectors.

South Yarra - North shows strong specialization in professional & technical services with an employment share double that of the regional level, while construction employs just 5.0% of local workers compared to Greater Melbourne's 9.7%. The worker-to-resident ratio is 0.6, indicating a higher than average level of local employment opportunities. In the year ending December 2025, employment increased by 4.4%, alongside labour force growth of 4.7%, leading to an unemployment rate rise of 0.3 percentage points. This contrasts with Greater Melbourne where employment rose by 2.4% and labour force grew by 2.8%. National employment forecasts from Jobs and Skills Australia indicate a projected expansion 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.

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. For Greater Melbourne, these figures are $57,688 and $75,164 respectively. Based on a 9.62% increase from the Wage Price Index since financial year 2023, estimated incomes for March 2026 would be approximately $79,836 (median) and $135,240 (average). 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 37.5% of residents earn between $1,500 and $2,999 weekly (5,167 residents), which is consistent with broader metropolitan trends 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 contrasts with Melbourne metro's figures of 67.9% houses and 32.1% 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 in the area was $2,000, aligning with Melbourne metro's average. However, the median weekly rent figure was higher at $426 compared to Melbourne metro's $390. Nationally, South Yarra - North's median monthly 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 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 comprise 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 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 notable educational advantage with 66.6% of residents aged 15+ holding 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 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

South Yarra - North has 28 active public transport stops offering a mix of light rail and bus services. These stops are served by 8 different routes that collectively facilitate 9,210 weekly passenger trips. The area's transport accessibility is rated as excellent, with residents typically located just 143 meters from the nearest stop. As a predominantly residential zone, most inhabitants commute outward using various modes of transport. Cars remain the primary mode at 42%, followed by trains at 25% and walking at 16%. The average vehicle ownership per dwelling is 0.3, lower than the regional average.

According to the 2021 Census, a significant 51.5% of residents work from home, which may be influenced by COVID-19 conditions. The 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's health outcomes show excellent results based on AreaSearch's assessment of mortality rates and chronic condition prevalence. Very low prevalence of common health conditions is observed across all age groups. The rate of private health cover is exceptionally high at approximately 79% of the total population (10,857 people), compared to 56.7% in Greater Melbourne and a national average of 55.7%.

Mental health issues and asthma are the most common medical conditions, affecting 9.5 and 8.0% of residents respectively. A significant portion, 76.8%, reports being completely clear of medical ailments compared to 72.6% in Greater Melbourne. Working-age residents have low chronic condition prevalence. The area has 8.2% of residents aged 65 and over (1,132 people), lower than the 15.0% in Greater Melbourne. Health outcomes among seniors are particularly strong, aligning broadly with national rankings for 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 a high cultural diversity, with 29.9% speaking a language other than English at home and 45.9% born overseas as of 2016 Census data. Christianity is the predominant religion, comprising 31.9%. Judaism, however, is overrepresented at 1.7%, compared to Greater Melbourne's 1.0%.

Top ancestry groups are English (21.8%), Australian (14.1%), and Other (12.8%). Notably, French (1.1%) Polish (1.2%) and Russian (0.6%) ethnicities are overrepresented in South Yarra-North 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 (40.9%), but fewer residents aged 5-14 (2.5%). This concentration of 25-34 year-olds is notably higher than the national average of 14.6%. According to data from the 2021 Census, the proportion of residents aged 25 to 34 has increased from 40.1% to 40.9%, while the proportion of those aged 65 to 74 has decreased from 4.9% to 4.0%. By 2041, demographic modeling suggests that South Yarra - North's age profile will change significantly. The number of residents in the 25-34 age group is projected to grow by 32%, adding 1,813 people to reach a total of 7,444.