South Yarra, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
South Yarra
VICCensus 2021 · Population 25,030
South Yarra is a vibrant suburb with a population of 25,030 people, characterized by a relatively young median age of 33 years compared to the Victorian average of 38. The gender distribution is slightly skewed towards females, with 52.5% of the population being female. The suburb has a significant proportion of young children, with 2.8% aged 0-4 years and 2.3% aged 5-9 years. South Yarra is known for its high level of education, with 57.4% of residents holding a bachelor's degree or higher, significantly above the state average of 29.2%.
Key Highlights
- Highly educated population - 57.4% hold bachelor degrees (vs VIC 29.2%)
- High median personal weekly income of $1,395
- Renter-heavy housing market with 61.8% of properties rented
- Significant cultural diversity with 45.0% born overseas
- High labor force participation at 72.9%
Things to Consider
- High cost of living with median weekly rent at $415
- Predominantly apartment living with 79.5% in apartments
- Low percentage of family households at 42.3%
- Limited space with an average of 1.9 bedrooms per dwelling
- High percentage of single-person households at 49.3%
What's it like living here?
Daily life in South Yarra is marked by a high level of professional engagement, with 72.9% of the population participating in the labor force and a low unemployment rate of 4.0%. A substantial portion of the workforce, 47.1%, works from home, reflecting a modern, flexible work culture. The suburb has a strong public transport presence, with 11.1% of residents using it for commuting, although a significant number, 20.4%, still drive to work.