Monash

Monash is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

Monash's population, as of February 2026, is approximately 5,580 people. This figure represents a decrease of 64 individuals since the 2021 Census, which reported a total population of 5,644. The change can be inferred from the estimated resident population of 5,580 in June 2024 and an additional 19 validated new addresses since the Census date. This results in a population density ratio of 1,636 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. While Monash experienced a 1.1% decline since the census, the SA3 area achieved 0.1% growth, indicating divergent population trends. Overseas migration was primarily responsible for population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, age group growth rates from the ACT Government's SA2 area projections are adopted, also using 2022 as the base year. Future population trends indicate an overall decline, with the area's population expected to decrease by 344 persons by 2041. However, specific age cohorts are anticipated to grow, notably the 75 to 84 age group, projected to increase by 193 people.

AreaSearch assessment of residential development drivers sees a low level of activity in Monash, placing the area among the bottom 25% of areas assessed nationally

Monash has seen approximately four new homes approved each year over the past five financial years, totalling 24 homes. As of FY-26, two approvals have been recorded. On average, around two new residents per year per dwelling constructed were recorded between FY-21 and FY-25, indicating balanced supply and demand conditions. However, this figure has decreased to 0.9 people per dwelling over the past two financial years, suggesting more balanced supply conditions. The average construction cost value of new homes is $277,000.

This year, there have been $1.1 million in commercial approvals, reflecting Monash's residential nature. Compared to the Australian Capital Territory, Monash has significantly less development activity, 63.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing homes. However, building activity has accelerated in recent years. Nationally, Monash's level of new building activity is also below average, possibly due to planning constraints or the area's maturity. Currently, 25.0% of new dwellings are detached houses, while 75.0% are townhouses or apartments.

This shift towards compact living offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers, marking a significant change from the current housing mix, which is predominantly houses (86.0%). With population growth expected to remain stable or decline, Monash may experience reduced pressure on housing, potentially presenting opportunities for buyers.

Monash has emerging levels of nearby infrastructure activity, ranking in the 22ndth percentile nationally

The performance of an area is significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified six projects that are expected to impact the area. Notable projects include Canberra Light Rail Stage 4 from Woden to Tuggeranong, Dairy Farmers Hill Precinct at 1 Dairy Road, Erindale Group Centre Master Plan Implementation - Stage 1, and The Valley Ponds in Wanniassa. Below is a list of these projects that are likely to be 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.

The employment landscape in Monash shows performance that lags behind national averages across key labour market indicators

Monash has a well-educated workforce with essential services sectors being well represented. The unemployment rate was 4.1% in September 2025, with an estimated employment growth of 0.5% over the past year. As of that date, 2,753 residents were employed while the unemployment rate was 0.6% higher than the Australian Capital Territory's rate of 3.6%.

Workforce participation in Monash was at 62.1%, significantly lower than the Australian Capital Territory's 72.5%. According to Census responses, only 10.8% of residents worked from home. The key industries of employment among residents were public administration & safety, health care & social assistance, and construction. Construction showed particularly strong specialization with an employment share of 1.4 times the regional level.

However, professional & technical services had limited presence with 8.5% employment compared to the regional average of 11.1%. The predominantly residential area appeared to offer limited local employment opportunities, as indicated by the Census working population count versus resident population. Over the 12 months to September 2025, employment increased by 0.5% while labour force increased by 0.9%, causing the unemployment rate to rise by 0.4 percentage points. In comparison, Australian Capital Territory recorded employment growth of 1.4%, labour force growth of 1.2%, with a decrease in unemployment of 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 projected national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Monash's employment mix suggested local employment should increase by 6.4% over five years and 13.1% over ten years, though this was a simple weighting extrapolation for illustrative purposes and did not take into account localised population projections.

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

According to AreaSearch's aggregation of ATO data released for financial year 2023, Monash SA2 had a median income among taxpayers of $64,307 and an average income of $74,851. Nationally, these figures are high compared to the ACT's median income of $72,206 and average income of $85,981. Based on Wage Price Index growth of 9.26% since financial year 2023, estimated incomes for September 2025 would be approximately $70,262 (median) and $81,782 (average). Census data shows household, family, and personal incomes in Monash rank highly nationally, between the 75th and 85th percentiles. Income distribution indicates that 30.9% of individuals earn between $1,500 and $2,999, reflecting a pattern seen in the surrounding region where 34.3% fall within this range. Economic strength is evident with 33.6% of households earning high weekly incomes exceeding $3,000, supporting elevated consumer spending. After housing costs, residents retain 86.8% of their income, indicating strong purchasing power. The area's SEIFA income ranking places it in the 7th decile.

Monash is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

As of the latest Census, dwelling structures in Monash consisted of 86.4% houses and 13.7% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Australian Capital Territory had 63.3% houses and 36.7% other dwellings. Home ownership in Monash stood at 38.8%, with mortgaged dwellings at 40.6% and rented ones at 20.5%. The median monthly mortgage repayment was $2,058, lower than the Australian Capital Territory average of $2,080. The median weekly rent in Monash was $450, matching the Australian Capital Territory figure but higher than the national average of $375. Nationally, Monash's mortgage repayments were significantly higher than the Australian average of $1,863.

Monash has a typical household mix, with a fairly typical median household size

Family households constitute 72.1% of all households, including 32.3% couples with children, 27.5% couples without children, and 11.3% single parent families. Non-family households account for the remaining 27.9%, with lone person households at 26.1% and group households comprising 1.8% of the total. The median household size is 2.5 people, which aligns with the Australian Capital Territory average.

The educational profile of Monash exceeds national averages, with above-average qualification levels and academic performance metrics

The area's university qualification rate is 31.4%, significantly lower than the SA4 region average of 46.8%. Bachelor degrees are most common at 20.3%, followed by postgraduate qualifications (7.2%) and graduate diplomas (3.9%). Vocational credentials are held by 32.1% of residents aged 15 and above, with advanced diplomas at 13.0% and certificates at 19.1%. Educational participation is high, with 26.4% of residents currently enrolled in formal education.

This includes 8.9% in primary education, 6.7% in secondary education, and 4.4% pursuing tertiary education.

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

Monash has 35 active public transport stops, all serving buses. These stops are covered by 71 routes that together facilitate 5,325 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 177 meters to the nearest stop. The area is predominantly residential, with outward commuting being the norm. Cars remain the primary mode of transport at 90%, while buses account for 6%. On average, there are 1.4 vehicles per dwelling.

According to the 2021 Census, only 10.8% of residents work from home, which may be influenced by COVID-19 conditions. The service frequency across all routes is an average of 760 trips per day, equating to around 152 weekly trips per stop.

Health performance in Monash is lower than average with common health conditions somewhat prevalent across the board, though to a slightly higher degree among older age cohorts

Monash faces significant health challenges, as assessed by AreaSearch's evaluation of mortality rates and chronic condition prevalence. Common health conditions are somewhat prevalent across all age groups, but more so among older cohorts.

Private health cover is very high in Monash, with approximately 56% (~3,130 people) compared to the Australian Capital Territory's 62.4%. The most common medical conditions are arthritis and mental health issues, affecting 10.7% and 8.5% of residents respectively. However, 61.5% of residents report no medical ailments, compared to 70.2% in the Australian Capital Territory. Working-age residents have a higher prevalence of chronic health conditions than average. Monash has 27.0% of residents aged 65 and over (1,507 people), which is higher than the Australian Capital Territory's 14.3%. Health outcomes among seniors present some challenges but rank lower nationally compared to the broader population.

The level of cultural diversity witnessed in Monash was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Monash's cultural diversity was higher than most local markets, with 25.8% born overseas and 19.8% speaking a language other than English at home. Christianity dominated as the main religion in Monash at 50.9%. Islam had an overrepresentation of 3.6%, compared to 3.4% regionally.

Ancestry-wise, Australian was the top group at 25.8%, followed by English at 25.2% and Other at 9.6%. Spanish (0.8%) and Serbian (0.6%) were notably overrepresented in Monash compared to regional averages of 0.5% and 0.4% respectively, while Croatian showed similar representation at 0.9%.

Monash's median age exceeds the national pattern

Monash's median age is 43 years, which is significantly higher than the Australian Capital Territory average of 35 years and considerably older than the Australian median of 38 years. Compared to the Australian Capital Territory average, the 65-74 age cohort is notably over-represented in Monash at 13.3%, while the 25-34 age group is under-represented at 8.9%. According to the 2021 Census, the 75-84 age group has grown from 7.2% to 9.1% of Monash's population, and the 65-74 cohort has increased from 11.5% to 13.3%. Conversely, the 25-34 age group has declined from 11.2% to 8.9%, and the 55-64 age group has dropped from 13.9% to 11.8%. Demographic modeling suggests that Monash's age profile will evolve significantly by 2041, with the 75-84 cohort projected to grow by 26%, adding 132 residents to reach 639. This growth is part of an overall demographic aging trend, as residents aged 65 and older represent 100% of anticipated population growth in Monash. However, population declines are projected for the 45-54 and 65-74 age cohorts.