Monash
Statistical Area - sa2

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 August 2025, is around 5,558 people. This reflects a decrease since the 2021 Census which reported a population of 5,644 people, indicating an 86 person decline (1.5%). The change was 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 1,629 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. While Monash experienced a 1.5% decline since the census, the SA3 area achieved 0.2% growth, indicating divergent population trends. Population growth for the area was primarily driven by overseas migration during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered and years post-2032, age group growth rates from the ACT Government's SA2 area projections are adopted, also based on 2022. Future population trends indicate an overall decline by 344 persons to 2041 according to this methodology. However, specific age cohorts are expected 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 averaged approximately four new dwelling approvals annually. Development approval data, compiled by the Australian Bureau of Statistics on a financial year basis, totals 24 approvals over the past five financial years (FY-21 to FY-25), with one recorded so far in FY-26. This averages out to about two new residents per dwelling constructed annually over these years, suggesting balanced supply and demand conditions. However, this figure has decreased to 0.9 people per dwelling over the past two financial years, indicating more balanced supply conditions recently.

Approximately $1.1 million in commercial development approvals have been recorded this financial year, reflecting a predominantly residential focus compared to other areas. Monash has significantly less development activity than the Australian Capital Territory, at 63.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established homes. However, construction activity has intensified recently, although it remains below national averages, possibly due to planning constraints. Recent construction comprises 25.0% detached dwellings and 75.0% medium and high-density housing, creating more affordable entry points and suiting downsizers, investors, and first-home buyers. This represents a shift from the area's existing housing composition of 86.0% houses, indicating decreasing availability of developable sites and reflecting changing lifestyles and the need for diverse, affordable housing options.

Given stable or declining population forecasts, Monash may experience less housing pressure in the future, creating favourable conditions for buyers.

Monash has moderate levels of nearby infrastructure activity, ranking in the 44thth percentile nationally

Local infrastructure changes significantly impact an area's performance. AreaSearch has identified two projects likely affecting this region: Light Rail Stage 4 to Tuggeranong (commencing 2025) and Tuggeranong Public Housing Development (expected completion 2026). Other notable initiatives include Tuggeranong Foreshore Improvements (commenced April 2021) and Greenway Views Seniors' Living Village (scheduled for completion December 2023). Most relevant projects are listed below.

Professional plan users can use the search below to filter and access additional projects.

Employment conditions in Monash remain below the national average according to AreaSearch analysis

Monash has a highly educated workforce with significant representation in essential services sectors. Its unemployment rate is 3.8%, with an estimated employment growth of 1.6% over the past year as of June 2025.

In this month, 2,811 residents are employed while the unemployment rate is 0.4% higher than the Australian Capital Territory's (ACT) rate of 3.4%. Workforce participation in Monash lags behind ACT at 59.9% compared to ACT's 69.6%. Key industries for employment among residents include public administration & safety, health care & social assistance, and construction. Notably, construction employs 1.4 times the regional average.

However, professional & technical services employ only 8.5% of local workers, lower than ACT's 11.1%. Over the year to June 2025, employment in Monash increased by 1.6%, while labour force also grew by 1.6%, keeping the unemployment rate stable. In comparison, ACT recorded employment growth of 1.9% and a decrease in unemployment by 0.3 percentage points. State-level data to Sep-25 shows ACT employment contracted by 0.33%, with an unemployment rate of 4.2%. Nationally, the unemployment rate is 4.5%, with employment growth at 0.26%. Jobs and Skills Australia's national employment forecasts from May 2025 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Monash's employment mix suggests local growth of approximately 6.4% over five years and 13.1% over ten years, though these are simple extrapolations for illustrative purposes only.

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 latest postcode level ATO data released for financial year 2022, Monash had a median income among taxpayers of $61,972. The average income stood at $72,366. This is above the national average and compares to levels of $68,678 in Australian Capital Territory respectively. Based on Wage Price Index growth of 10.78% since financial year 2022, current estimates would be approximately $68,653 (median) and $80,167 (average) as of March 2025. Census 2021 income data shows household, family and personal incomes all rank highly in Monash, between the 76th and 85th percentiles nationally. The data shows 30.9% of the population (1,717 individuals) fall within the $1,500 - 2,999 income range, consistent with broader trends across the metropolitan region showing 34.3% in the same category. A substantial proportion of high earners (33.6% above $3,000/week) indicates strong economic capacity throughout this suburb. After housing costs, residents retain 86.8% of income, reflecting strong purchasing power and 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

The dwelling structure in Monash, as per the latest Census, consisted of 86.4% houses and 13.7% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, the Australian Capital Territory had 79.6% houses and 20.4% other dwellings. Home ownership in Monash was at 38.8%, with mortgaged dwellings at 40.6% and rented ones at 20.5%. The median monthly mortgage repayment in the area was $2,058, higher than the Australian Capital Territory average of $2,000. The median weekly rent figure in Monash was $450, compared to the Australian Capital Territory's $425. Nationally, Monash's median monthly mortgage repayments were significantly higher at $2,058 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.

Monash has a typical household mix, with a lower-than-average median household size

Family households account for 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 constitute the remaining 27.9%, with lone person households making up 26.1% and group households comprising 1.8%. The median household size is 2.5 people, which is smaller than the Australian Capital Territory average of 2.6.

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

The area has university qualification rates at 31.4%, significantly lower than the SA4 region average of 46.8%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are most prevalent at 20.3%, followed by postgraduate qualifications (7.2%) and graduate diplomas (3.9%). Trade and technical skills are prominent, with 32.1% of residents aged 15+ holding vocational credentials – advanced diplomas (13.0%) and certificates (19.1%).

Educational participation is notably high at 26.4%, including 8.9% in primary education, 6.7% in secondary education, and 4.4% pursuing tertiary education. Monash Primary School serves the area with an enrollment of 423 students, while Monash demonstrates above-average socio-educational conditions (ICSEA: 1050). The school focuses exclusively on primary education, with secondary options available in surrounding areas. School places per 100 residents stand at 7.6, below the regional average of 14.9, indicating some students may attend schools in adjacent areas.

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

Monash has 38 active public transport stops operating within its boundaries. These stops serve a mix of bus routes, totaling 9 individual routes that collectively facilitate 1,150 weekly passenger trips. The accessibility of these services is rated excellent, with residents typically located an average of 175 meters from their nearest transport stop.

Across all routes, service frequency averages 164 trips per day, equating to approximately 30 weekly trips per individual stop.

Health performance in Monash is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Health data indicates significant challenges for Monash, with high prevalence of common health conditions across both younger and older age groups.

Approximately 55% (~3,073 people) of the total population has private health cover. The most prevalent medical conditions are arthritis (10.7%) and mental health issues (8.5%). 61.5% of residents report no medical ailments, compared to 66.1% in Australian Capital Territory. Monash has a higher proportion of seniors aged 65 and over at 26.1% (1,450 people), compared to the Australian Capital Territory's 17.6%. Health outcomes among seniors align broadly with those of the general population.

Monash was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Monash's population was found to be culturally diverse, with 25.8% born overseas and 19.8% speaking a language other than English at home. Christianity was the dominant religion in Monash, comprising 50.9%. Islam was overrepresented compared to Australian Capital Territory, making up 3.6% of Monash's population versus 2.4%.

The top three ancestry groups were Australian (25.8%), English (25.2%), and Other (9.6%). Notably, Spanish (0.8%) Serbian (0.6%), and Hungarian (0.4%) ethnicities showed higher representation in Monash compared to regional averages of 0.7%, 0.4%, and 0.3% respectively.

Monash hosts an older demographic, ranking in the top quartile nationwide

Monash's median age is 43 years, significantly higher than the Australian Capital Territory average of 35 and considerably older than the Australian median of 38. Compared to the ACT average, Monash has an over-representation of the 65-74 cohort at 13.1%, while the 25-34 age group is under-represented at 9.3%. Following the 2021 Census, the 65-74 age group grew from 11.5% to 13.1%, and the 35-44 cohort increased from 12.6% to 13.9%. Conversely, the 55-64 cohort declined from 13.9% to 11.9%, and the 25-34 group dropped from 11.2% to 9.3%. By 2041, demographic modeling suggests Monash's age profile will change significantly. The 75-84 cohort is projected to grow by 36%, adding 168 residents to reach 639. Residents aged 65 and older represent 97% of anticipated growth. However, population declines are projected for the 65-74 and 0-4 age cohorts.