South Yarra - South

South Yarra - South has seen population growth performance typically on par with national averages when looking at short and medium term trends

South Yarra - South's population is approximately 10,555 as of November 2025. This figure represents an increase of 616 people since the 2021 Census, which reported a population of 9,939. The change was inferred from the estimated resident population of 10,558 in June 2024 and an additional 56 validated new addresses since the Census date. This results in a population density ratio of 7,818 persons per square kilometer, placing South Yarra - South in the top 10% of national locations assessed by AreaSearch. The area's 6.2% growth since the census is within 2.7 percentage points of the national average (8.9%), indicating competitive growth fundamentals. Overseas migration contributed approximately 89.2% of overall population gains during recent periods, driving primary population growth in the area.

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 utilises VIC State Government's Regional/LGA projections released in 2023, adjusted using 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. By 2041, South Yarra - South is expected to increase by 2,591 persons based on the latest annual ERP population numbers, reflecting a total increase of 24.6% over the 17-year period.

AreaSearch assessment of residential development activity positions South Yarra - South among the top 25% of areas assessed nationwide

South Yarra - South recorded approximately 236 residential properties granted approval annually. Between financial years FY-21 and FY-25, 1,181 homes were approved, with an additional 4 approved in FY-26 to date. Despite a declining population in recent years, development activity has been adequate relative to the population decline, which is positive for buyers.

The average expected construction cost value of new homes is $555,000, indicating a focus on the premium segment with upmarket properties. In FY-26, there have been $39.3 million in commercial approvals, suggesting robust local business investment. Compared to Greater Melbourne, South Yarra - South has 90.0% more construction activity per person, offering greater choice for buyers and reflecting strong developer confidence in the location. New development consists of 2.0% detached houses and 98.0% townhouses or apartments, promoting higher-density living and creating more affordable entry points for downsizers, investors, and first-home buyers. With around 758 people per dwelling approval, South Yarra - South reflects a highly mature market. According to the latest AreaSearch quarterly estimate, South Yarra - South is expected to grow by 2,594 residents through to 2041.

Given current construction levels, housing supply should adequately meet demand, creating favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 41 projects likely affecting the area. Notable ones are The Jam Factory, One Toorak Place (Orchard Piper Carters Avenue), 177 Toorak Road Mixed-Use Development, and 671 Chapel Street. Below is a list of 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.

South Yarra - South has seen below average employment performance when compared to national benchmarks

South Yarra - South has a highly educated workforce with significant representation in the technology sector. Its unemployment rate is 5.5%, with an estimated employment growth of 4.1% over the past year.

As of September 2025, there are 7,093 residents employed, with an unemployment rate of 5.5%, which is 0.8% higher than Greater Melbourne's rate of 4.7%. The workforce participation rate in South Yarra - South is 69.6%, compared to Greater Melbourne's 64.1%. Key industries for employment among residents are professional & technical, health care & social assistance, and retail trade. South Yarra - South has a particular specialization in professional & technical services, with an employment share of 2.0 times the regional level.

In contrast, construction employs only 5.1% of local workers, compared to Greater Melbourne's 9.7%. The ratio of 0.6 workers per resident indicates a higher level of local employment opportunities than average. Between September 2024 and September 2025, employment levels increased by 4.1%, while the labour force grew by 4.4%, resulting in an unemployment rate increase of 0.2 percentage points. In comparison, Greater Melbourne experienced employment growth of 3.0% and a labour force growth of 3.3%, with an unemployment rate rise of 0.3 percentage points. As of 25-Nov-25, Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. National employment forecasts from May-25 suggest that national employment will expand by 6.6% over five years and 13.7% over ten years. Applying these projections to South Yarra - South's employment mix indicates local employment should increase by 7.4% over five years and 14.8% over ten years, based on a simple weighting extrapolation for illustrative purposes.

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

The South Yarra - South SA2 has one of the highest income levels nationally, according to latest Australian Taxation Office data aggregated by AreaSearch for financial year 2022. The median income among taxpayers in this area is $68,203, with an average income of $123,743. These figures compare to Greater Melbourne's median and average incomes of $54,892 and $73,761 respectively. Based on Wage Price Index growth of 12.16% since financial year 2022, estimated current incomes are approximately $76,496 (median) and $138,790 (average) as of September 2025. From the 2021 Census, individual earnings rank at the 95th percentile nationally ($1,329 weekly), while household income ranks at the 65th percentile. Income brackets show that 29.6% of residents (3,124 people) fall into the $1,500 - 2,999 bracket, mirroring the surrounding region where 32.8% occupy this bracket. Higher earners make up a substantial presence with 32.1% exceeding $3,000 weekly. High housing costs consume 17.1% of income, but strong earnings still place disposable income at the 64th percentile. The area's SEIFA income ranking places it in the 9th decile.

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

South Yarra - South had 12.6% houses and 87.4% other dwellings in the latest Census, compared to Melbourne metro's 16.9% houses and 83.1% other dwellings. Home ownership in South Yarra - South was 18.9%, with mortgaged dwellings at 20.0% and rented dwellings at 61.1%. The median monthly mortgage repayment was $2,200, below Melbourne metro's average of $2,287. The median weekly rent in South Yarra - South was $395, compared to Melbourne metro's $425. Nationally, South Yarra - South's mortgage repayments were higher at $2,200 versus the Australian average of $1,863, and rents were higher at $395 compared to the national figure of $375.

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

Family households account for 44.2% of all households, including 10.8% that are couples with children, 25.9% that are couples without children, and 6.0% that are single parent families. Non-family households constitute the remaining 55.8%, with lone person households making up 46.9% and group households comprising 8.9%. The median household size is 1.8 people, which is smaller than the Greater Melbourne average of 1.9.

Educational attainment in South Yarra - South aligns closely with national averages, showing typical qualification patterns and performance metrics

South Yarra's educational attainment significantly exceeds national and state averages. Among residents aged 15 and above, 60.5% have university qualifications, compared to 30.4% nationally and 33.4% in Victoria. Bachelor degrees are the most common at 39.9%, followed by postgraduate qualifications (16.7%) and graduate diplomas (3.9%). Vocational pathways account for 17.7% of qualifications, with advanced diplomas at 9.3% and certificates at 8.4%.

A total of 24.1% of the population is actively pursuing formal education, including 10.7% in tertiary education, 4.4% in primary education, and 3.2% in secondary education.

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

South Yarra - South has 31 active public transport stops. These are a mix of train, light rail, and bus services. Seven individual routes operate here, collectively providing 6,246 weekly passenger trips.

Transport accessibility is rated excellent, with residents typically located 162 meters from the nearest stop. Service frequency averages 892 trips per day across all routes, equating to approximately 201 weekly trips per individual stop.

South Yarra - South's residents are extremely healthy with both young and old age cohorts seeing low prevalence of common health conditions

Analysis of health metrics indicates robust performance across South Yarra - South, with both younger and older age groups experiencing low prevalence of common health conditions. The rate of private health cover stands at approximately 79% of the total population (8,380 people), compared to Greater Melbourne's 81.8%. Nationally, this figure is 55.3%.

Mental health issues and asthma are the most prevalent medical conditions in the area, affecting 10.1 and 8.1% of residents respectively. A total of 71.5% of residents report being completely free from medical ailments, compared to Greater Melbourne's 73.3%. The area has 13.6% of residents aged 65 and over (1,430 people), lower than Greater Melbourne's 16.3%. Health outcomes among seniors in South Yarra - South are particularly strong, outperforming the general population in health metrics.

South Yarra - South was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

South Yarra, specifically the suburb of South Yarra - South, ranks high in cultural diversity. As of a certain date, 26.5% of its residents spoke a language other than English at home, while 38.5% were born overseas. Christianity is the predominant religion, accounting for 33.7% of the population, although Judaism stands out with 2.7%, compared to Greater Melbourne's average of 5.1%.

The top three ancestry groups are English (24.3%), Australian (15.7%), and Other (12.6%). Notably, Russian (1.2%) and French (1.1%) ethnicities are slightly overrepresented in South Yarra - South compared to the regional averages of 0.9% and 1.0%, respectively.

South Yarra - South's population is younger than the national pattern

South Yarra - South's median age is 34 years, which is lower than Greater Melbourne's average of 37 years and Australia's national average of 38 years. Compared to Greater Melbourne, South Yarra - South has a higher concentration of residents aged 25-34 (34.0%), but fewer residents aged 5-14 (4.0%). This 25-34 age group concentration is significantly higher than the national average of 14.5%. Between the 2016 and 2021 censuses, South Yarra - South's median age decreased by 1.3 years to 34 from 35. During this period, the 25-34 age group grew from 31.2% to 34.0%, while the 15-24 cohort increased from 10.4% to 11.9%. Conversely, the 45-54 cohort declined from 10.7% to 8.9%, and the 5-14 age group dropped from 5.2% to 4.0%. Population forecasts for South Yarra - South indicate significant demographic changes by 2041. The 25-34 age group is projected to grow by 22%, adding 787 residents to reach a total of 4,374. Meanwhile, the 5-14 age cohort is expected to grow by a modest 6%, with an increase of 25 people.