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

By May 2026, the estimated population of the suburb of Mont Albert is around 5,346, reflecting an increase of 398 people since the 2021 Census. This growth represents an 8.0% change from the previous population count of 4,948 people. AreaSearch's estimation, based on examination of the latest ERP data release by the ABS (June 2025) and address validation since the Census date, indicates a resident population of 5,341. This results in a density ratio of 3,144 persons per square kilometer, placing Mont Albert in the upper quartile relative to national locations assessed by AreaSearch. The suburb's 8.0% growth positions it within 0.9 percentage points of the SA4 region (8.9%), indicating competitive growth fundamentals. Overseas migration primarily drove population growth, contributing approximately 97.0% of overall population gains during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Mont Albert is expected to grow by approximately 555 persons based on aggregated SA2-level projections, reflecting a total increase of 10.3% over the 16-year period.

Residential development activity is lower than average in Mont Albert according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers indicates Mont Albert has approved around 7 dwellings annually on average over the past five financial years, totalling approximately 38 homes. As of FY26, 9 approvals have been recorded. Each dwelling built between FY21 and FY25 has resulted in an average of 2.9 new residents per year, reflecting strong demand that supports property values. The average construction cost value for new homes is $1,440,000, indicating a focus on the premium segment with upmarket properties.

This financial year, $2.2 million in commercial approvals have been registered, suggesting a predominantly residential focus. New building activity shows 67% detached houses and 33% medium to high-density housing, offering an expanding range of medium-density options across various price brackets.

Mont Albert reflects a highly mature market with around 706 people per dwelling approval. Population forecasts indicate Mont Albert will gain approximately 550 residents by 2041. At current development rates, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting property price increases.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 24 projects likely affecting the region. Notable initiatives include Tunstall Village, Whitehorse Activity Centres Program, Havenwood Townhouses, and Elgar Road Level Crossing Removal. The following details projects expected to have the greatest influence.

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

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The employment environment in Mont Albert shows above-average strength when compared nationally

Mont Albert has an educated workforce with professional services well represented. Its unemployment rate was 3.3% in the past year, with estimated employment growth of 2.8%. As of December 2025, 3,176 residents were employed, with an unemployment rate of 1.5% below Greater Melbourne's rate of 4.8%, and workforce participation at 69.9%.

Census responses showed 47.1% worked from home, though Covid-19 lockdown impacts should be considered. Leading industries include health care & social assistance, professional & technical, and education & training, with notable concentration in professional & technical (1.6 times the regional average). Construction had lower representation at 5.4%, compared to the regional average of 9.7%. Employment opportunities locally may be limited, as indicated by the count of Census working population versus resident population.

Between December 2024 and December 2025, employment levels increased by 2.8% and labour force by 2.9%, keeping unemployment relatively stable at 3.3%. In contrast, Greater Melbourne had employment growth of 2.4% and labour force growth of 2.8%, with a rise in unemployment to 4.1%. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Mont Albert. National employment is forecast to expand by 6.6% over five years and 13.7% over ten years, but growth rates differ significantly between industry sectors. 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, though this is a simple weighting extrapolation for illustrative purposes only and does not account for 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 latest postcode level ATO data for financial year 2023 shows that Mont Albert suburb has high national incomes. The median assessed income is $62,082 and the average income stands at $104,519. This contrasts with Greater Melbourne's median income of $57,688 and average income of $75,164. Based on Wage Price Index growth of 9.62% since financial year 2023, current estimates would be approximately $68,054 (median) and $114,519 (average) as of March 2026. According to the 2021 Census figures, Mont Albert's household, family, and personal incomes rank highly nationally, between the 83rd and 84th percentiles. Income analysis reveals that 27.4% of the community earns between $1,500 - 2,999 weekly (1,464 individuals), aligning with the surrounding region where this cohort represents 32.8%. Notably, 39.5% earn above $3,000 weekly, reflecting prosperity pockets driving local economic activity. After housing costs, residents retain 86.9% of income, indicating strong purchasing power and 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 structures, as per the latest Census, consisted of 53.8% houses and 46.2% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 67.9% houses and 32.1% other dwellings. Home ownership in Mont Albert was 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. The median weekly rent in Mont Albert was $451, compared to Melbourne metro's $390. Nationally, Mont Albert's mortgage repayments were significantly higher at $2,500 versus 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 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, which is smaller than the Greater Melbourne average of 2.6.

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

Educational attainment in Mont Albert is notably high with 55.6% of residents aged 15 years and over holding university qualifications, surpassing the national average of 30.4% and the Victorian average of 33.4%. This educational advantage is reflected in the types of qualifications held: 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 high in Mont Albert, with 30.5% of residents currently enrolled in formal education.

This includes tertiary education (9.5%), secondary education (8.4%), and primary education (7.7%).

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, providing 3857 weekly passenger trips in total. Residents have excellent transport accessibility, with an average distance of 158 meters to the nearest stop. Most residents commute outward from this primarily residential area. Car is the dominant mode of transport at 81%, followed by train at 10% and walking at 4%. On average, there are 1.3 vehicles per dwelling.

According to the 2021 Census, 47.1% of residents work from home, which may reflect COVID-19 conditions. 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 based on AreaSearch's assessment of mortality rates and chronic condition prevalence, 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 (3,632 people), compared to 56.7% in Greater Melbourne and a national average of 55.7%. The most prevalent medical conditions are asthma and mental health issues, affecting 7.2 and 6.6% of residents respectively, while 72.9% declare themselves completely clear of medical ailments, compared to 72.6% in Greater Melbourne.

Working-age residents exhibit low chronic condition prevalence. The area has 21.6% of residents aged 65 and over (1,154 people), higher than the 15.0% in Greater Melbourne. Health outcomes among seniors are particularly strong, broadly in line with national rankings for the general population.

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 shows higher cultural diversity compared to most local areas, with 32.9% born overseas and 28.0% speaking a language other than English at home. Christianity is the predominant religion in Mont Albert, comprising 43.0% of its population. Buddhism is overrepresented in Mont Albert, making up 2.9% compared to Greater Melbourne's 4.2%.

The top three ancestry groups are English (23.6%), Australian (18.7%), and Chinese (14.9%), which is significantly higher than the regional average of 6.5%. There are notable differences in the representation of certain ethnic groups: Sri Lankan at 0.7% (vs regional 0.8%), French at 0.7% (vs regional 0.5%), and Greek at 1.8% (vs regional 2.7%).

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 11.7% of the population, compared to Greater Melbourne, while the 25-34 cohort makes up 12.5%. According to post-2021 Census data, the 75 to 84 age group has grown from 5.6% to 7.6%, and the 15 to 24 cohort has increased from 13.6% to 15.2%. Conversely, the 5 to 14 cohort has decreased from 10.5% to 9.6%. Population forecasts for 2041 indicate substantial demographic changes in Mont Albert. Notably, the 45 to 54 group is expected to grow by 21%, adding 144 people and reaching a total of 829 from 684. Conversely, the 0 to 4 and 35 to 44 cohorts are projected to experience population declines.