Franchise opportunities in South Yarra - North, VIC
Geography: this report covers the South Yarra - North area (ABS SA2). Demographics from the ABS Census 2021.
How this opportunity score works
The score is a weighted 0–100 research signal, not a site-selection decision. It combines, per category:
- Demand (category fit for the population) — 30%
- Competition gap (trade-area model, more room scores higher) — 25%
- Demographic fit (income vs the category) — 20%
- 5-year population growth (percentile) — 15%
- Franchise availability (systems recruiting here) — 10%
Inputs: ABS Census 2021 (population, income, growth) and a trade-area competition model using OpenStreetMap / ABS business data where available. It doesn’t model rent, site specifics or local trading conditions, treat it as a starting point for research, then confirm on the ground and with the franchisor. See our methodology.
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For sale & open territories in South Yarra - North
258 franchise systems are recruiting new territories that cover South Yarra - North:
Advanced Hair Studio
Barber Industries
Acai Brothers
Boost Juice
Bakers Delight
Banjo's Bakehouse
South Yarra - North on the map
Where South Yarra - North sits and the real local businesses around its centre, the operators a new franchise would compete with. Tap a pin for the business name and type.
Loading nearby operators in South Yarra - North…
Top 3 franchise categories by opportunity score
What it costs to start in South Yarra - North
Franchise fees don’t change by suburb, but the categories that fit South Yarra - North best sit in these all-in investment ranges (Q3 2026 Fee Index, national medians).
| Category | Total investment | Initial fee | Royalty | South Yarra - North fit |
|---|---|---|---|---|
| Hair & Barber | $243,000–$482,000 | Not enough data | Not enough data | 57 |
| Food & Beverage | $650,000–$1,475,000 | Not enough data | Not enough data | 55 |
| Bakery & Dessert | $350,000–$625,000 | $50,000 | Not enough data | 50 |
| Quick-Service Food | $337,000–$675,000 | $45,000 | 6.0% | 49 |
| Retail | $200,000–$511,000 | Not enough data | Not enough data | 48 |
| Beauty & Health | $150,000–$494,000 | Not enough data | Not enough data | 46 |
Fees: Q3 2026 Fee Index (“Not enough data” means fewer than five systems publish that figure). The fit score blends South Yarra - North’s demand, competition, demographics and growth, see methodology.
South Yarra - North snapshot
| Metric | South Yarra - North | Typical VIC area | Difference |
|---|---|---|---|
| Population | 11,449 | 14,123 | -19% |
| Median household income | $106,200 | $96,800 | +10% |
| 5-year population growth | 2.8% | 1.2% | +1.6 pts |
Community & demographics
Who lives in South Yarra - North, and what it means for a franchise. Every figure below is a real ABS Census 2021 median for this area, not an estimate.
| Measure | South Yarra - North | What it signals for franchising |
|---|---|---|
| Median age | 32 years | Younger market, skews to fitness, quick-service food and services |
| Average household size | 1.6 people | Smaller households, favours convenience and single-serve formats |
| Median household income | $2,042/wk | Overall spending power of the local market |
| Median family income | $2,935/wk | Discretionary spend of family households |
| Median personal income | $1,412/wk | Individual earnings, a labour-cost and spend signal |
| Median rent | $426/wk | Cost of living and a proxy for commercial rents |
| Median mortgage | $2,000/mo | Homeowner cost base in the area |
| People per bedroom | 1 | Denser housing, larger or shared households |
Source: ABS Census 2021 (G02/G35/G36/G37/G46) + ERP 2016→2021 · SA2 South Yarra - North (206061515). Incomes are median weekly (household income is also shown annualised in the headline stats).
Housing, tenure & households
How South Yarra - North lives, works and is housed, and what each signal means for siting a franchise here. All figures are real ABS Census 2021 counts for this area.
| Measure | South Yarra - North | What it signals for franchising |
|---|---|---|
| Renting | 66.3% | High rental share, a mobile, convenience-led customer base |
| Owned with a mortgage | 16.7% | Working homeowners, family services and home categories |
| Owned outright | 14.6% | Fewer outright owners, younger area |
| Separate houses | 2.7% | Mixed density, more walk-in potential |
| Flats & apartments | 94.3% | Higher density, strong for cafés, gyms and quick-service food |
| Family households | 38.9% | Broad household mix |
| Lone-person households | 52.5% | Many singles, convenience, fitness and single-serve formats |
| Unemployment rate | 3.9% | Tight labour market, strong incomes but harder hiring |
Source: ABS Census 2021, South Yarra - North, tenure (G37), dwelling structure (G36), household composition (G35) and labour force (G46).
Survival & viability analysis
Hair & Barber viability: High
The hair & barber opportunity in South Yarra - North scores 57 out of 100. With a population of 11,449, the catchment is smaller, so demand may support only one well-sited hair & barber outlet. At about 1 existing hair & barber operator, competition sits below typical metro density, an opening for a well-run entrant. Median household income ($106,200) runs above the typical comparable area in the state ($96,800), supporting discretionary spend. Population is growing at 2.8% over five years, ahead of the typical comparable area in the state (1.2%), so new demand is still arriving.
Nearby competition by category
| Category | Est. operators | Competition | Status |
|---|---|---|---|
| Hair & Barber | 1 | Low | Gap |
| Food & Beverage | 1 | Low | Gap |
| Bakery & Dessert | 1 | Low | Gap |
| Retail | 1 | Medium | Competitive |
| Beauty & Health | 1 | Medium | Competitive |
| Massage & Wellness | 1 | Medium | Competitive |
Operator counts are a trade-area model derived from ABS population, not a live business census. Richer POI data (OpenStreetMap / Google Places) is ingested per methodology.
How South Yarra - North compares to nearby areas
| Location | Population | Median income | 5-yr growth | Top category | Score |
|---|---|---|---|---|---|
| South Yarra - North | 11,449 | $106,200 | 2.8% | Hair & Barber | 57 |
| Leongatha | 11,439 | $68,400 | 2.1% | Hair & Barber | 45 |
| Bulleen | 11,370 | $94,200 | -1.7% | Hair & Barber | 49 |
| Berwick - South West | 11,362 | $113,100 | 17.5% | Hair & Barber | 64 |
| Mernda - North | 11,553 | $98,600 | 31.1% | Hair & Barber | 62 |
| Mill Park - South | 11,339 | $85,600 | -9.5% | Hair & Barber | 44 |
| Barwon Heads - Armstrong Creek | 11,326 | $114,500 | 41.7% | Hair & Barber | 66 |
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Frequently asked questions
What franchise is best for South Yarra - North?
Based on population, income, growth and competition data, Hair & Barber scores highest for South Yarra - North at 57/100, competition sits below typical metro density. The next best are Food & Beverage and Bakery & Dessert.
How much does a franchise cost in South Yarra - North?
Fees don't vary by suburb. Across the Hair & Barber systems that publish their costs, the Q3 2026 Fee Index shows a median all-in cost of $243,000–$482,000 (13 systems) nationally. See the Fee Index for every category.
Is South Yarra - North good for a coffee franchise?
It's promising: a coffee & café franchise scores 45/100 in South Yarra - North, with about 2 existing operators in the trade area (Moderate suitability).
Demographics: ABS Census 2021 & Regional Population. Category scores combine ABS demographics with a trade-area competition model and live franchise availability, see methodology. Fees: Q3 2026 Fee Index.
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