It is also important to consider population growth. It can be seen below that the area around the church is expected to grow at a much greater rate than the overall Melbourne growth, let alone growth for all of Australia. There is also expected to be significant variance across suburbs with the growth of apartments in South Yarra and St Kilda expected to drive high increases in these areas.
Expected Population Growth
Population growth figures tend to be less granular than some other data. Nonetheless, the areas of high expected growth can be clearly seen below.
Mapping 10 year population growth
It is also very important to consider to the changing population distribution as time goes on. The nature of the area around the church however means it is less subject to an aging population as Australia is as a whole. This can be seen in the two charts below.