Monash (ACT)

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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the Monash (ACT) statistical area (Lv2)'s population is estimated at around 5,558 as of Nov 2025. This reflects a decrease of 86 people (1.5%) since the 2021 Census, which reported a population of 5,644 people. The change was inferred from the resident population of 5,580 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 19 validated new addresses since the Census date. This level of population equates to a density ratio of 1,629 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. While Monash experienced a 1.5% decline since census, the SA3 area achieved 0.2% growth, highlighting divergent population trends. Population growth for the area was primarily driven by overseas migration, which was essentially the sole driver of population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, and for years post-2032, age group growth rates from the ACT Government's SA2 area projections, with 2022 as a base, are adopted. Considering these projected demographic shifts, over this period, projections indicate a decline in overall population, with the Monash (ACT) (SA2)'s population expected to shrink by 344 persons by 2041 according to this methodology. However, growth across specific age cohorts is anticipated, led by 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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Monash has recorded around 4 residential properties granted approval per year over the past five financial years. This totals an estimated 24 homes. In FY-26 so far, 2 approvals have been recorded. On average, 2 new residents per year per dwelling constructed were noted between FY-21 and FY-25.

However, this figure has eased to 0.9 people per dwelling over the past two financial years, reflecting better supply availability. Additionally, $97,000 in commercial development approvals have been recorded this financial year. Compared to Australian Capital Territory, Monash records markedly lower building activity, at 63.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties, though building activity has accelerated in recent years. Recent construction comprises 20.0% detached houses and 80.0% townhouses or apartments, indicating a shift from the area's existing housing composition of 86.0% houses. The location has approximately 620 people per dwelling approval, demonstrating an established market with stable or declining population projections, reducing housing demand pressures and benefiting potential buyers.

With population projections showing stability or decline, Monash should see reduced housing demand pressures, benefiting potential buyers.

Monash has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Area infrastructure changes significantly impact performance. AreaSearch identified six projects potentially affecting the area. Key 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 lists those 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 well represented. The unemployment rate was 4.1% in the past year, with an estimated employment growth of 0.5%.

As of September 2025, there were 2,753 residents employed, while the unemployment rate was 0.6% higher than the Australian Capital Territory's rate of 3.6%. Workforce participation lagged significantly at 59.9%, compared to the Australian Capital Territory's 69.6%. Leading employment industries among Monash residents were public administration & safety, health care & social assistance, and construction. Construction was particularly strong with an employment share 1.4 times the regional level.

However, professional & technical services were under-represented at 8.5%, compared to 11.1% in the Australian Capital Territory. Employment opportunities appeared limited locally based on Census data. Over the 12 months to September 2025, employment increased by 0.5% while labour force grew by 0.9%, causing unemployment to rise by 0.4 percentage points. In contrast, the Australian Capital Territory saw employment grow by 1.4% and unemployment fall by 0.2 percentage points. State-level data from November 25 showed ACT employment grew by 1.19% year-on-year, with an unemployment rate of 4.5%, slightly higher than the national rate of 4.3%. National employment forecasts from May-25 suggest a potential future demand within Monash. These projections estimate national employment growth at 6.6% over five years and 13.7% over ten years, with varying rates between industry sectors. Applying these projections to Monash's employment mix suggests local employment should increase by 6.4% over five years and 13.1% over ten years.

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

The median taxpayer income in Monash suburb was $61,972 in financial year 2022. The average income was $72,366 during the same period. These figures are based on postcode level ATO data aggregated by AreaSearch. Nationally, the median income for Australian Capital Territory was $68,678 with an average of $83,634 in 2022. As of September 2025, estimated incomes would be approximately $70,400 (median) and $82,208 (average), accounting for a 13.6% Wage Price Index growth since financial year 2022. In Monash, household, family, and personal incomes ranked highly nationally, between the 75th and 85th percentiles according to Census 2021 income data. The predominant income cohort in Monash spanned 30.9% of locals (1,717 people) earning between $1,500 - 2,999 per week, similar to the broader area where 34.3% fell within this range. Reflecting its affluence, 33.6% of Monash residents earned over $3,000 per week, supporting premium retail and service offerings. After housing costs, residents retained 86.8% of their income, indicating strong purchasing power. The area's SEIFA income ranking placed 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 evaluation, 86.4% of dwellings were houses, with the remaining 13.7% comprising semi-detached homes, apartments, and other types. This differs from the Australian Capital Territory's composition of 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. The median weekly rent in Monash was $450, compared to $425 in the 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 above the national figure of $375.

Monash has a typical household mix, with a lower-than-average 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%. 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 the most common 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, 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 in Monash shows 38 active public transport stops operating, all of which are bus stops. These stops are served by 9 different routes that together facilitate 1,151 weekly passenger trips. The accessibility of these transport services is rated as excellent, with residents on average located just 175 meters from the nearest stop.

On a daily basis, there are an average of 164 trips across all routes, which translates 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.

Both younger and older age groups have high prevalence of common health conditions. Private health cover rate is very high at approximately 56%, covering around 3100 people. The most prevalent medical conditions are arthritis, impacting 10.7% of residents, and mental health issues, affecting 8.5%. About 61.5% report no medical ailments, compared to 66.1% in the Australian Capital Territory. Monash has 26.0% of residents aged 65 and over, totaling 1445 people, which is higher than the Australian Capital Territory's 17.6%. Health outcomes among seniors present challenges broadly similar to those of the general 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 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, comprising 50.9% of its population. Islam was overrepresented in Monash compared to the Australian Capital Territory, making up 3.6% versus 2.4%.

The top three ancestry groups were Australian (25.8%), English (25.2%), and Other (9.6%). Notable divergences included Spanish (0.8% vs regional 0.7%), Hungarian (0.4% vs 0.3%), and Serbian (0.6% vs 0.4%) groups being overrepresented in Monash.

Monash hosts a notably older demographic compared to the national average

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 Australian Capital Territory average, the 65-74 cohort is notably over-represented at 13.1% locally, while the 25-34 age group is under-represented at 9.3%. Post 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, Monash's age profile is projected to evolve significantly. The 75-84 cohort shows the strongest projected growth at 37%, adding 172 residents to reach 639. Demographic aging continues as residents aged 65 and older represent 99% of anticipated growth. Meanwhile, population declines are projected for the 65-74 and 55-64 cohorts.