Richmond an emerging hub for twentysomethings, largest census data shows

May 24, 2018 by  

Ongoing analysis of data from the 2016 Australia-wide census has shown that the inner-eastern Melbourne suburb of Richmond has become a stepping stone for a large number of people in their 20s.

This shift in demographic could mean more work for printing services and graphic design firms as the face of business in the area also changes.

The figures show over 2000 Victorians in their 20s moved into Richmond since the last census was conducted in 2011, representing the largest migration to a single suburb from this age group. This transformation is most visible in changes to businesses operating along the main shopping strips of Swan Street and Bridge Road. While Bridge Road has seen a very sharp reduction in the number of its famous discount fashion retail stores, once ‘ugly duckling’ Swan Street has become known for its trendy restaurants and new apartments.

Other inner areas including St Kilda, Prahran, South Yarra and already youthful Brunswick are seeing an influx of young people looking for accommodation close to the CBD and to universities.

Notably, Richmond is also the suburb most people in their 30s are moving away from. Many homes in the area are small workers’ cottages built in the 19th Century, which may not be suitable for those with a young and growing family. As one of Melbourne’s oldest suburbs, the expense and permits required to renovate Richmond’s many heritage-listed homes mean that most residents eventually move on.