Mont Albert

Mont Albert is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

As of Nov 2025, the estimated population for the Mont Albert statistical area (Lv2) is around 5,365, reflecting an increase of 417 people since the 2021 Census. This growth represents an 8.4% rise from the previously reported figure of 4,948 people. The latest estimate of 5,341 residents was inferred by AreaSearch following examination of the ABS's ERP data release in June 2024 and address validation since the Census date. This population density equates to approximately 3,155 persons per square kilometer, placing Mont Albert (SA2) in the upper quartile relative to national locations assessed by AreaSearch. The area's growth rate of 8.4% since census is within 1.3 percentage points of the national average of 9.7%, indicating competitive growth fundamentals. Overseas migration contributed approximately 97.0% of overall population gains during recent periods, driving primary growth for the area.

AreaSearch adopts ABS/Geoscience Australia projections released in 2024 with a base year of 2022 for each SA2 area. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections from 2023, adjusting with weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population trends suggest a growth of just below the median statistical area analysed by AreaSearch, with an expected increase of 599 persons to 2041 based on aggregated SA2-level projections, reflecting an overall increase of 8.8% over the 17-year period.

The level of residential development activity in Mont Albert is very low in comparison to the average area assessed nationally by AreaSearch

AreaSearch analysis of ABS building approval numbers allocated from statistical area data shows Mont Albert has experienced approximately 7 dwelling approvals annually over the past 5 financial years, totalling an estimated 38 homes. As of FY26, 7 approvals have been recorded. The average population increase per year for each dwelling built in Mont Albert between FY21 and FY25 was 0.3 people. This suggests new construction is meeting or exceeding demand, providing more buying options and potentially accelerating population growth beyond current projections.

The average expected construction cost value of new dwellings is $1,440,000, indicating a focus on the premium segment with upmarket properties. In FY26, commercial development approvals totalled $2.2 million, reflecting a predominantly residential focus.

New building activity comprises 67% detached houses and 33% medium to high-density housing, offering a mix of opportunities across price brackets. Mont Albert's population density is approximately 695 people per dwelling approval, indicating a mature market. AreaSearch's latest quarterly estimate projects Mont Albert's population to grow by 470 residents by 2041. However, at current development rates, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.

Mont Albert has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 24 projects that could impact the region. Notable initiatives include Tunstall Village, Whitehorse Activity Centres Program, Havenwood Townhouses, and Elgar Road Level Crossing Removal. The following list outlines those expected to have the most relevance.

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

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The labour market in Mont Albert shows considerable strength compared to most other Australian regions

Mont Albert has a highly educated workforce with professional services being strongly represented. The unemployment rate is 3.0% and there was an estimated employment growth of 2.9% in the past year, according to AreaSearch aggregation of statistical area data.

As of September 2025, 3099 residents are employed while the unemployment rate is 1.7% lower than Greater Melbourne's rate of 4.7%. Workforce participation is at par with Greater Melbourne's 64.1%. The leading employment industries among residents are health care & social assistance, professional & technical, and education & training. Notably, professional & technical services have employment levels at 1.6 times the regional average.

Conversely, construction shows lower representation at 5.4% compared to the regional average of 9.7%. The area appears to offer limited local employment opportunities as indicated by the count of Census working population versus resident population. Between September 2024 and September 2025, employment levels increased by 2.9% and labour force increased by 2.6%, reducing the unemployment rate by 0.3 percentage points. In contrast, Greater Melbourne experienced employment growth of 3.0% and labour force growth of 3.3%, with a rise in unemployment rate by 0.3 percentage points. State-level data to 25-Nov-25 shows VIC employment grew by 1.13% year-on-year, adding 41950 jobs, with the state unemployment rate at 4.7%. National employment forecasts from May-25 indicate a projected expansion of 6.6% over five years and 13.7% over ten years. Applying these projections to Mont Albert's employment mix suggests local employment should increase by 7.4% over five years and 15.0% over ten years, although this is a simple weighting extrapolation for illustrative purposes and does not consider localised population projections.

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

AreaSearch's data for Mont Albert in financial year 2023 shows median income at $62,082 and average income at $104,519. These figures are higher than Greater Melbourne's median of $57,688 and average of $75,164. By September 2025, estimated incomes would be approximately $67,204 (median) and $113,142 (average), based on an 8.25% Wage Price Index growth since financial year 2023. According to the 2021 Census, Mont Albert's household, family, and personal incomes rank between the 83rd and 84th percentiles nationally. Income analysis reveals that 27.4% of residents earn between $1,500 - $2,999 weekly (1,470 individuals), which is similar to the surrounding region at 32.8%. Notably, 39.5% earn above $3,000 weekly, indicating prosperity and robust local economic activity. After housing costs, residents retain 86.9% of their income, reflecting strong purchasing power. The area's SEIFA income ranking places it in the 9th decile.

Mont Albert displays a diverse mix of dwelling types, with strong rates of outright home ownership

Mont Albert's dwelling structure, as per the latest Census, consisted of 53.8% houses and 46.2% other dwellings (semi-detached, apartments, 'other' dwellings). Home ownership in Mont Albert stood at 41.3%, with 30.8% of dwellings mortgaged and 28.0% rented. The median monthly mortgage repayment was $2,500, while the median weekly rent was $451. Nationally, Mont Albert's mortgage repayments were significantly higher than the Australian average of $1,863, with rents substantially above the national figure of $375.

Mont Albert has a typical household mix, with a median household size of 2.5 people

Family households account for 71.9% of all households, including 33.2% couples with children, 28.2% couples without children, and 9.0% single parent families. Non-family households constitute the remaining 28.1%, with lone person households at 25.2% and group households comprising 2.8%. The median household size is 2.5 people.

Mont Albert demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Mont Albert has a notably high level of educational attainment among residents aged 15 and above, with 55.6% holding university qualifications compared to the national average of 30.4% and the Victorian state average of 33.4%. This figure indicates a substantial educational advantage for the area, positioning it favourably for opportunities that require higher education. Bachelor degrees are the most common type of qualification in Mont Albert at 33.1%, followed by postgraduate qualifications at 16.7% and graduate diplomas at 5.8%. Vocational pathways account for a significant portion of educational attainment as well, with advanced diplomas making up 11.1% and certificates accounting for 7.8%.

Educational participation in Mont Albert is particularly high, with 30.5% of residents currently enrolled in formal education programs. This includes 9.5% pursuing tertiary education, 8.4% engaged in secondary education, and 7.7% involved in primary education.

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

Mont Albert has 26 active public transport stops. These include train, light rail, and bus services. Seven routes operate in total, serving 3,857 weekly passenger trips.

The average distance from residents to the nearest stop is 158 meters. Daily service frequency averages 551 trips across all routes, equating to approximately 148 weekly trips per individual stop.

Mont Albert's residents are extremely healthy with very low prevalence of common health conditions across all age groups

Analysis of health metrics shows strong performance throughout Mont Albert, with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 68% of the total population (3,645 people), compared to the national average of 55.7%.

The most common medical conditions in the area are asthma and mental health issues, impacting 7.2% and 6.6% of residents respectively. A total of 72.9% of residents declared themselves completely clear of medical ailments, compared to 0% across Greater Melbourne. Mont Albert has 20.7% of residents aged 65 and over (1,110 people). Health outcomes among seniors are particularly strong, performing even better than the general population in health metrics.

Mont Albert 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

Mont Albert's population was found to be more culturally diverse than most local markets, with 32.9% born overseas and 28.0% speaking a language other than English at home. Christianity was the dominant religion in Mont Albert as of 2016, comprising 43.0% of its population. Buddhism was notably overrepresented compared to Greater Melbourne, with 2.9% of Mont Albert's population identifying as Buddhist.

The top three ancestry groups based on country of birth of parents were English (23.6%), Australian (18.7%), and Chinese (14.9%). Some ethnic groups showed significant divergences: Sri Lankan was overrepresented at 0.7%, French at 0.7%, and Greek at 1.8%.

Mont Albert's median age exceeds the national pattern

The median age in Mont Albert is 42 years, significantly higher than Greater Melbourne's average of 37 years and Australia's national average of 38 years. The 65-74 age group constitutes 11.1% of the population, compared to Greater Melbourne, while the 25-34 cohort makes up 12.0%. According to post-2021 Census data, the 75 to 84 age group has grown from 5.6% to 7.3%, and the 15 to 24 cohort has increased from 13.6% to 14.9%. Conversely, the 65 to 74 cohort has decreased from 11.9% to 11.1%. Population forecasts for 2041 indicate substantial demographic changes in Mont Albert, with the 75 to 84 age group expected to grow by 41%, reaching 551 people from 392. Notably, the combined 65+ age groups will account for 55% of total population growth, reflecting the area's aging demographic profile. In contrast, the 0 to 4 and 35 to 44 cohorts are expected to experience population declines.