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 and new addresses validated by AreaSearch, as of Nov 2025 the suburb of Monash's estimated population is around 5,558. This reflects a decrease of 86 people (1.5%) 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 1,629 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 suburb was primarily driven by overseas migration.

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'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, totalling an estimated 24 homes. So far in FY-26, 2 approvals have been recorded. Given an average of 2 new residents per year per dwelling constructed between FY-21 and FY-25, supply and demand appear well-balanced, creating stable market conditions. Recent figures indicate this 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, demonstrating the area's residential nature. Compared to Australian Capital Territory, Monash records markedly lower building activity, at 63.0% below the regional average per person. This scarcity of new dwellings 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 (currently 86.0% houses). The location has approximately 620 people per dwelling approval, demonstrating an established market with stable or declining population projections, which should reduce housing demand pressures in Monash, benefiting potential buyers.

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

Monash has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified six projects likely influencing the region. Key projects are 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 most relevant projects.

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 3.8% as of June 2025.

Employment growth over the past year was estimated at 1.6%. This is based on AreaSearch aggregation of statistical area data. As of June 2025, 2,811 residents were in work while the unemployment rate was 0.4% higher than the Australian Capital Territory's rate of 3.4%. Workforce participation was significantly lower at 59.9% compared to the Australian Capital Territory's 69.6%.

Leading employment industries among Monash residents included public administration & safety, health care & social assistance, and construction. The area showed strong specialization in construction with an employment share of 1.4 times the regional level. However, professional & technical services were under-represented at 8.5% compared to the Australian Capital Territory's 11.1%. Employment opportunities appeared limited locally as indicated by Census data on working population versus resident population. Over the 12 months to June 2025, employment increased by 1.6% while labour force grew by 1.6%, leaving unemployment broadly flat. In contrast, Australian Capital Territory saw employment rise by 1.9%, labour force grow by 1.6%, and unemployment fall by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 offer further insight into potential future demand within Monash. These projections suggest national employment should expand by 6.6% over five years and 13.7% over ten years, with growth rates varying 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

Monash has a median taxpayer income of $61,972 and an average income of $72,366, according to postcode level ATO data aggregated by AreaSearch for the financial year 2022. This is notably high compared to the Australian Capital Territory's median income of $68,678 and average income of $83,634. Based on a Wage Price Index growth rate of 13.6% since the financial year 2022, estimated incomes as of September 2025 would be approximately $70,400 (median) and $82,208 (average). Census data from 2021 shows that household, family, and personal incomes in Monash rank high nationally, between the 75th and 85th percentiles. Income distribution indicates that 30.9% of locals (1,717 people) fall into the $1,500 - 2,999 weekly earnings category, reflecting a pattern seen in the broader area where 34.3% occupy this range. The district exhibits significant affluence, with 33.6% earning over $3,000 per week, supporting premium retail and service offerings. After accounting for housing costs, residents retain 86.8% of their income, reflecting 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 with the remaining 13.7% being semi-detached homes, apartments, or other types. This is compared to the Australian Capital Territory's 79.6% houses and 20.4% other dwellings. Home ownership in Monash stood at 38.8%, with mortgaged properties 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. 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 Australia's 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'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 prevalent, with 32.1% of residents aged 15+ holding such qualifications - advanced diplomas (13.0%) and certificates (19.1%). Educational participation is high at 26.4%, including primary (8.9%), secondary (6.7%), and tertiary (4.4%) education.

Monash Primary School serves the area, with an enrollment of 423 students as of a recent count. The school focuses exclusively on primary education, with secondary options available in nearby areas. School places per 100 residents are lower than average at 7.6 compared to the regional average of 14.9. Some students may attend schools outside Monash due to limited local school places.

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 area. These stops are served by a mix of buses on nine different routes. Together, these routes facilitate 1,151 weekly passenger trips.

The accessibility of transport in Monash is rated excellent, with residents typically located 175 meters from the nearest stop. On average, there are 164 trips per day across all routes, which equates 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

Monash faces significant health challenges, as indicated by its health data.

Both younger and older age groups have high prevalence rates of common health conditions. Approximately 56%, or around 3,100 people, have private health cover, which is notably higher than other areas. The most prevalent medical conditions are arthritis, affecting 10.7% of residents, and mental health issues, impacting 8.5%. Conversely, 61.5% of residents report having no medical ailments, compared to the Australian Capital Territory's rate of 66.1%. Monash has a higher proportion of seniors aged 65 and over, at 26%, or 1,445 people, compared to the Australian Capital Territory's 17.6%. The health outcomes among seniors in Monash generally align with those of the broader 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 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 its population. Islam is notably overrepresented in Monash compared to the Australian Capital Territory, comprising 3.6% versus 2.4%.

The top three ancestry groups are Australian (25.8%), English (25.2%), and Other (9.6%). Some ethnic groups have notable differences: Spanish is overrepresented at 0.8% in Monash compared to the regional average of 0.7%, Hungarian at 0.4% versus 0.3%, and Serbian at 0.6% versus 0.4%.

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

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, Monash has an over-representation of the 65-74 age cohort (13.1% locally) and an under-representation of the 25-34 age group (9.3%). According to the 2021 Census, the 65-74 age group grew from 11.5% to 13.1%, while 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%. Demographic modeling suggests that Monash's age profile will significantly evolve by 2041. The 75-84 cohort shows the strongest projected growth, increasing by 37% to reach 639 residents. Residents aged 65 and older represent 99% of anticipated population growth. However, population declines are projected for the 65-74 and 55-64 cohorts.