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 suburb of Monash's population is estimated at around 5,580 as of Feb 2026. This reflects a decrease of 64 people (1.1%) since the 2021 Census, which reported a population of 5,644 people. The change is 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 1,636 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. While Monash experienced a 1.1% decline since census, the SA3 area achieved 0.1% 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 the projected demographic shifts, over this period, projections indicate a decline in overall population, with the suburb of Monash'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

AreaSearch analysis of ABS building approval numbers allocated from statistical area data shows Monash recorded approximately 4 residential properties granted approval per year over the past 5 financial years, totalling an estimated 24 homes. As of FY-26, 2 approvals have been recorded. Over these years, an average of 2 new residents was expected per dwelling constructed, indicating balanced supply and demand with stable market conditions. However, this has eased to 0.9 people per dwelling over the past 2 financial years, suggesting better supply availability.

This year, $1.1 million in commercial development approvals have been recorded, reflecting Monash's residential nature. Compared to Australian Capital Territory, Monash has markedly lower building activity, at 63.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties, though recent years show increasing building activity. Recent construction comprises 20.0% detached houses and 80.0% townhouses or apartments, indicating a shift from Monash's current housing composition of 86.0% houses. The location has approximately 620 people per dwelling approval, demonstrating an established market with stable population projections, suggesting reduced housing demand pressures in the future.

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

Monash has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

Six projects have been identified by AreaSearch as potentially impacting the area. These 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.

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 significant representation in essential services sectors. The unemployment rate was 4.1% over the past year, with an estimated employment growth of 0.5%. As of September 2025, there were 2,753 residents employed, and the unemployment rate stood at 4.2%, which is 0.6% higher than the Australian Capital Territory's rate of 3.6%.

Workforce participation in Monash was 62.2%, compared to the Australian Capital Territory's 72.5%. According to Census responses, only 10.8% of residents worked from home. The leading employment industries among residents were public administration & safety, health care & social assistance, and construction. Monash showed strong specialization in construction with an employment share 1.4 times the regional level, but professional & technical services were under-represented at 8.5%, compared to Australian Capital Territory's 11.1%.

Between September 2024 and September 2025, employment increased by 0.5% while labour force grew by 0.9%, leading to a rise in unemployment rate of 0.4 percentage points. In contrast, Australian Capital Territory saw employment grow by 1.4%, labour force increase by 1.2%, and unemployment fall by 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 indicate that while national employment is expected to expand by 6.6% over five years and 13.7% over ten years, growth rates vary significantly 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 is $61,972, with an average of $72,366, according to the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is higher than national averages. The Australian Capital Territory's median income was $72,206 and average income was $85,981 in the same period. Based on Wage Price Index growth of 9.26% since financial year 2023, estimated incomes as of September 2025 would be approximately $67,711 (median) and $79,067 (average). Census 2021 income data shows Monash's household, family, and personal incomes rank highly nationally, between the 75th and 85th percentiles. Income distribution data indicates that 30.9% of locals (1,724 people) earn between $1,500 - 2,999 per week, reflecting broader area patterns where 34.3% occupy this range. Monash demonstrates affluence with 33.6% earning over $3,000 per week, supporting premium retail and service offerings. After housing costs, residents retain 86.8% of 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 evaluation, 86.4% of dwellings were houses while 13.7% were other types such as semi-detached homes, apartments, and 'other' dwellings. This contrasts with the Australian Capital Territory's figures of 63.3% houses and 36.7% other dwellings. Home ownership in Monash stood at 38.8%, with mortgaged properties accounting for 40.6% and rented dwellings making up 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 recorded at $450, aligning with the Australian Capital Territory figure. Nationally, however, Monash's mortgage repayments were significantly higher than the Australian average of $1,863 and rents were substantially above the national figure of $375.

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 comprise the remaining 27.9%, with lone person households at 26.1% and group households making up 1.8%. 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 the most common at 20.3%, followed by postgraduate qualifications (7.2%) and graduate diplomas (3.9%). Vocational credentials are prevalent, with 32.1% of residents aged 15 and above holding them, including advanced diplomas (13.0%) and certificates (19.1%). Educational participation is high, with 26.4% of residents currently enrolled in formal education, comprising 8.9% in primary, 6.7% in secondary, and 4.4% in tertiary education.

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

Monash has 35 operational public transport stops serving a mix of bus routes. These stops are covered by 71 different routes, facilitating 5,325 weekly passenger trips in total. The average distance from residents' homes to the nearest transport stop is 177 meters, indicating excellent accessibility. As a predominantly residential area, most commuters travel outward. Cars remain the primary mode of transport at 90%, with buses used by 6% of residents. On average, there are 1.4 vehicles per dwelling.

According to the 2021 Census, 10.8% of residents work from home, which might be influenced by COVID-19 conditions. Across all routes, service frequency averages 760 trips per day, equating to approximately 152 weekly trips per individual stop.

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

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

Private health cover is high at approximately 56% of Monash's total population (~3,112 people), compared to the Australian Capital Territory's 62.4%. The most common medical conditions in Monash are arthritis and mental health issues, affecting 10.7% and 8.5% of residents respectively. 61.5% of Monash residents report no medical ailments, compared to 70.2% across the Australian Capital Territory. Working-age residents show a higher prevalence of chronic health conditions than average. Monash has 27.0% of its population aged 65 and over (1,506 people), 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 has a higher cultural diversity than most local markets, with 25.8% of its population born overseas and 19.8% speaking a language other than English at home. Christianity is the predominant religion in Monash, accounting for 50.9% of people. Islam is slightly overrepresented in Monash compared to the Australian Capital Territory, comprising 3.6% versus 3.4%.

The top three ancestry groups are Australian (25.8%), English (25.2%), and Other (9.6%). Notably, Spanish, Hungarian, and Serbian ethnicities have higher representations in Monash than regionally: Spanish at 0.8% versus 0.5%, Hungarian at 0.4% versus 0.3%, and Serbian at 0.6% versus 0.4%.

Monash hosts a notably older demographic compared to the national average

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 cohort is notably over-represented at 13.3% in Monash, while the 25-34 year-olds are under-represented at 8.9%. Following the Census conducted on August 10, 2021, the 75 to 84 age group grew from 7.2% to 9.1% of the population, while the 65 to 74 cohort increased from 11.5% to 13.3%. Conversely, the 25 to 34 cohort declined from 11.2% to 8.9%, and the 55 to 64 group dropped from 13.9% to 11.8%. Demographic modeling suggests that Monash's age profile will evolve significantly by 2041. The 75 to 84 cohort shows the strongest projected growth at 26%, adding 131 residents to reach 639. Demographic aging continues as residents aged 65 and older represent 99% of anticipated population growth. However, population declines are projected for the 65-74 and 0 to 4 age cohorts.