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

The population of the suburb of Mont Albert is estimated at around 5,365 as of Feb 2026. This reflects an increase of 417 people since the 2021 Census, which reported a population of 4,948 people. The change is inferred from the resident population of 5,341 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and address validation since the Census date. This level of population equates to a density ratio of 3,155 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Mont Albert's 8.4% growth since census positions it within 1.5 percentage points of the national average (9.9%), demonstrating competitive growth fundamentals. Population growth for the area was primarily driven by overseas migration that contributed approximately 97.0% of overall 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, AreaSearch is utilising the VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are also applied across all areas for years 2032 to 2041. As we examine future population trends, a population increase just below the median of statistical areas analysed by AreaSearch is expected, with the area expected to grow by 590 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 8.5% in total over the 17 years.

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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Mont Albert has experienced around 7 dwellings receiving development approval annually over the past five financial years. This totals an estimated 38 homes. So far in FY-26, 7 approvals have been recorded. On average, 0.3 people per year moved to the area for each dwelling built between FY-21 and FY-25.

New construction has matched or outpaced demand, offering buyers more options while enabling population growth that could exceed current expectations. The average value of new dwellings developed is $1,440,000, indicating a focus on the premium segment with upmarket properties.

This financial year, $2.2 million in commercial development approvals have been recorded, suggesting a predominantly residential focus. New building activity shows 67.0% detached houses and 33.0% medium and high-density housing, expanding the range of medium-density options across price brackets. Mont Albert reflects a highly mature market with around 695 people per dwelling approval. According to the latest AreaSearch quarterly estimate, Mont Albert is expected to grow by 458 residents through to 2041. At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

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

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 24 projects that could impact the area. Notable projects include Tunstall Village, Whitehorse Activity Centres Program, Havenwood Townhouses, and Elgar Road Level Crossing Removal. The following list details those likely to be most relevant.

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 well represented. The unemployment rate is 3.0% and there was an estimated employment growth of 2.9% in the past year, according to AreaSearch's statistical area data aggregation. As of September 2025, 3108 residents are employed while the unemployment rate is 1.7% lower than Greater Melbourne's rate of 4.7%.

Workforce participation is similar to Greater Melbourne's 71.0%. Census responses show that 47.1% of residents work from home, though Covid-19 lockdown impacts should be considered. Leading employment industries include health care & social assistance, professional & technical, and education & training. The area has a notably high concentration in professional & technical services with 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%. Employment opportunities locally appear limited as indicated by the count of Census working population versus resident population. Between September 2024 and September 2025, employment levels increased by 2.9% while labour force grew by 2.7%, causing the unemployment rate to fall by 0.2 percentage points. In contrast, Greater Melbourne experienced employment growth of 3.0% and labour force growth of 3.3%, with a 0.3 percentage point rise in unemployment rate. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Mont Albert. These projections estimate national employment to expand by 6.6% over five years and 13.7% over ten years, but growth rates differ significantly between industry sectors. Applying these industry-specific projections to Mont Albert's employment mix suggests local employment should increase by 7.4% over five years and 15.0% over ten years.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows that income in Mont Albert is exceptionally high nationally. The median income is $62,082 and the average income stands at $104,519. This contrasts with Greater Melbourne's figures of a median income of $57,688 and an average income of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Mont Albert would be approximately $67,204 (median) and $113,142 (average) as of September 2025. According to the 2021 Census figures, household, family, and personal incomes in Mont Albert all rank highly nationally, between the 83rd and 84th percentiles. Income analysis reveals that 27.4% of the community (1,470 individuals) earn within the $1,500 - $2,999 weekly earnings band, which aligns with the surrounding region where this cohort represents 32.8%. Notably, 39.5% of residents earn above $3,000 weekly, reflecting prosperity in the area and driving local economic activity. After housing costs, residents retain 86.9% of their income, indicating 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 above-average 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), compared to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Mont Albert stood at 41.3%, with mortgaged dwellings at 30.8% and rented ones at 28.0%. The median monthly mortgage repayment was $2,500, higher than Melbourne metro's average of $2,000. Median weekly rent in Mont Albert was $451, compared to Melbourne metro's $390. Nationally, Mont Albert's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Mont Albert has a typical household mix, with a lower-than-average median household size

Family households constitute 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 comprise the remaining 28.1%, with lone person households at 25.2% and group households making up 2.8%. The median household size is 2.5 people, which is smaller than the Greater Melbourne average of 2.6 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 educational attainment among residents aged 15 and above, with 55.6% holding university qualifications. This is significantly higher than the national average of 30.4% and the Victorian average of 33.4%. The area's educational advantage is evident in its distribution of qualifications: bachelor degrees are most common at 33.1%, followed by postgraduate qualifications (16.7%) and graduate diplomas (5.8%). Vocational pathways account for 18.9% of qualifications, with advanced diplomas making up 11.1% and certificates 7.8%.

Educational participation is also high in Mont Albert, with 30.5% of residents currently enrolled in formal education. This includes 9.5% in tertiary education, 8.4% in secondary education, and 7.7% pursuing 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 offering a mix of light rail and bus services. These are served by 7 routes that facilitate 3,857 weekly passenger trips in total. The average distance to the nearest stop for residents is 158 meters, indicating excellent transport accessibility. In this predominantly residential area, most commuting is outward-bound. Cars remain the primary mode of transport at 81%, with trains used by 10% and walking by 4%. On average, there are 1.3 vehicles per dwelling.

According to the 2021 Census, a high proportion of residents work from home, at 47.1%; this may be influenced by COVID-19 conditions. The service frequency averages 551 trips per day across all routes, equating to approximately 148 weekly trips per stop.

Mont Albert's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Mont Albert's health outcomes show excellent results, as per AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Approximately 68% of Mont Albert's total population (3,645 people) have private health cover, compared to Greater Melbourne's 56.7%.

Nationally, this figure stands at 55.7%. The most prevalent medical conditions in Mont Albert are asthma and mental health issues, affecting 7.2 and 6.6% of residents respectively. A total of 72.9% of residents declare themselves completely clear of medical ailments, compared to Greater Melbourne's 72.6%. Working-age residents in the area display low chronic condition prevalence. Mont Albert has a higher proportion of seniors, with 21.3% of its population aged 65 and over (1,142 people), compared to Greater Melbourne's 15.1%. Despite this, health outcomes among seniors in Mont Albert are strong, ranking broadly in line with the general population nationally.

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 showed high cultural diversity, with 32.9% born overseas and 28.0% speaking a language other than English at home. Christianity was the predominant religion in Mont Albert, accounting for 43.0%. Buddhism had a higher representation in Mont Albert at 2.9%, compared to Greater Melbourne's 4.2%.

The top three ancestry groups were English (23.6%), Australian (18.7%), and Chinese (14.9%), the latter being significantly higher than the regional average of 6.5%. Some ethnic groups showed notable variations: Sri Lankan at 0.7% in Mont Albert versus 0.8% regionally, French at 0.7% compared to 0.5%, and Greek at 1.8% versus 2.7%.

Mont Albert's median age exceeds the national pattern

The median age in Mont Albert is 42 years, which is significantly higher than Greater Melbourne's average of 37 years and Australia's national average of 38 years. The 65-74 age group comprises 11.4% of the population in Mont Albert, compared to a lower percentage in Greater Melbourne. Conversely, the 25-34 age cohort makes up 11.7% of the population in Mont Albert. Post-2021 Census data shows that the 75-84 age group grew from 5.6% to 7.6%, while the 15-24 age group increased from 13.6% to 15.3%. However, the 5-14 age cohort declined from 10.5% to 9.8%. Population forecasts for Mont Albert in 2041 indicate substantial demographic changes. The 75-84 age group is projected to grow by 35%, reaching 551 people from 407, leading the demographic shift. Notably, the combined 65+ age groups are expected to account for 52% of total population growth, reflecting Mont Albert's aging demographic profile. In contrast, the 0-4 and 35-44 age cohorts are anticipated to experience population declines.