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 is approximately 5,558 as of November 2025. This figure represents a decrease of 86 people from the 2021 Census total of 5,644, indicating a 1.5% decline since then. The change is 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, which exceeds the average 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. Overseas migration was primarily responsible for population gains in 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, using 2022 as the base year. Future population trends indicate an overall decline, with the area's population expected to contract by 344 persons by 2041 according to this methodology. However, specific age cohorts are anticipated to grow, notably the 75 to 84 age group, which is 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, 2.0 residents moved into new dwellings annually between FY-21 and FY-25, indicating balanced supply conditions. However, this figure decreased to 0.9 people per dwelling over the past two financial years. The average construction cost of new homes is $277,000.

In FY-26, Monash has seen $1.1 million in commercial approvals, reflecting its 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 but has accelerated recently. Nationally, Monash's building activity is also below average, suggesting possible planning constraints. New building activity consists of 25.0% detached dwellings and 75.0% townhouses or apartments, offering affordable entry pathways and attracting downsizers, investors, and first-time purchasers. This shift reflects reduced availability of development sites and changing lifestyle demands and affordability requirements.

With a stable or declining population expected, Monash should experience reduced pressure on housing, potentially creating opportunities for buyers.

Monash has emerging levels of nearby infrastructure activity, ranking in the 37thth percentile nationally

Six projects are identified by AreaSearch as potentially impacting the area: 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.

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

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

Monash has an educated workforce with key sectors well represented. The unemployment rate was 4.1% in the past year, with estimated employment growth of 0.5%.

As of September 2025, 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 was lower at 59.9%, compared to the Australian Capital Territory's 69.6%. Major industries for Monash residents were public administration & safety, health care & social assistance, and construction. Construction showed strong specialization with an employment share 1.4 times the regional level.

Professional & technical services had limited presence at 8.5% compared to the regional average of 11.1%. Employment opportunities appeared limited locally based on Census data comparison. Over the year to September 2025, employment increased by 0.5% while labour force grew by 0.9%, raising the unemployment rate by 0.4 percentage points. In contrast, Australian Capital Territory saw employment growth of 1.4% and a fall in unemployment by 0.2 percentage points. State-level data to 25-Nov-25 showed ACT employment grew by 1.19% year-on-year, with the state unemployment rate at 4.5%. National forecasts from May-25 project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Monash's industry mix suggests local employment could increase by 6.4% over five years and 13.1% over ten years, though this is a simplified extrapolation 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 the latest postcode level ATO data released for financial year 2022, Monash SA2 had a median income among taxpayers of $61,972. The average income stood at $72,366. Nationally, these figures are high compared to the Australian Capital Territory's levels of $68,678 and $83,634 respectively. Based on Wage Price Index growth of 13.6% since financial year 2022, current estimates for Monash SA2 would be approximately $70,400 (median) and $82,208 (average) as of September 2025. Census data reveals that household, family, and personal incomes in Monash rank highly nationally, between the 75th and 85th percentiles. Distribution data shows that 30.9% of individuals (1,717 people) earn between $1,500 and $2,999, reflecting patterns seen in the surrounding region where 34.3% occupy this earnings band. Economic strength is evident through 33.6% of households achieving high weekly earnings 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

In Monash, as per the latest Census, 86.4% of dwellings were houses, with the remaining 13.7% comprising semi-detached homes, apartments, and other types. In contrast, Australian Capital Territory had 79.6% houses and 20.4% 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, higher than the Australian Capital Territory average of $2,000. Weekly rent in Monash averaged $450, compared to $425 in Australian Capital Territory. Nationally, Monash's mortgage repayments were significantly higher at $2,058 versus the Australian average of $1,863, and rents were substantially higher at $450 compared to 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 at 26.1% and group households making up 1.8% of the total. 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 of 31.4%, which is significantly lower than the SA4 region average of 46.8%. Bachelor degrees are the most common at 20.3%, followed by postgraduate qualifications (7.2%) and graduate diplomas (3.9%). Vocational credentials are also prevalent, with 32.1% of residents aged 15+ holding such qualifications, including advanced diplomas (13.0%) and certificates (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 good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Transport analysis indicates 38 active public transport stops operating within Monash as of March 2021. These stops serve a mix of bus routes, with 9 individual routes in total providing 1,151 weekly passenger trips combined. Transport accessibility is rated excellent, with residents typically located 175 meters from the nearest stop.

Service frequency averages 164 trips per day across all routes, translating 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 shows significant issues affecting Monash, with common health conditions prevalent across both younger and older age groups.

Approximately 55% of Monash's total population (~3,073 people) has private health cover, indicating a high rate. The most prevalent medical conditions are arthritis and mental health issues, impacting 10.7% and 8.5% of residents respectively. Conversely, 61.5% of residents report having no medical ailments, compared to the Australian Capital Territory's 66.1%. Monash has a higher proportion of seniors aged 65 and over at 26.1% (1,450 people), compared to the ACT's 17.6%. Seniors' health outcomes present challenges broadly in line with the general population's health profile.

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 population was found to be more culturally diverse than most local markets, with 25.8% born overseas and 19.8% speaking a language other than English at home. Christianity was the predominant religion in Monash, making up 50.9% of its population. However, Islam was overrepresented compared to the Australian Capital Territory average, comprising 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 Croatian (0.9%) ethnicities were overrepresented in Monash compared to regional averages of 0.7%, 0.4%, and 0.8% respectively.

Monash's median age exceeds the national pattern

Monash's median age is 43 years, which is significantly higher than both the Australian Capital Territory average of 35 and the Australian median of 38. Comparing Monash with the ACT average, the 65-74 age group is notably over-represented at 13.1%, while the 25-34 age group is under-represented at 9.3%. Post the 2021 Census, the 65-74 cohort increased from 11.5% to 13.1%, and the 35-44 cohort rose 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 projects significant changes in Monash's age profile. The 75-84 cohort is expected to grow by 36%, adding 168 residents to reach 639. Residents aged 65 and older are anticipated to represent 97% of the population growth, while declines are projected for the 65-74 and 0-4 age groups.