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 estimated population for the suburb of Mont Albert is 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 current resident population estimate of 5,341 by AreaSearch follows examination of the latest ERP data release by the ABS in June 2024 and address validation since the Census date. This results in a density ratio of 3,155 persons per square kilometer, placing Mont Albert in the upper quartile relative to national locations assessed by AreaSearch. The suburb's population growth of 8.4% since census is within 1.5 percentage points of the national average (9.9%), indicating competitive growth fundamentals. Overseas migration primarily drove this 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 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. Future population trends suggest a growth of 613 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 11.0% 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

AreaSearch analysis of ABS building approval numbers allocated from statistical area data shows Mont Albert has experienced around 7 dwellings receiving development approval annually over the past 5 financial years, totalling an estimated 38 homes. So far in FY-26, 7 approvals have been recorded. Over these 5 years (FY-21 to FY-25), an average of only 0.2 people moved to the area per dwelling built annually. This suggests new construction is matching or outpacing demand, offering buyers more options and enabling population growth that could exceed current expectations.

The average expected construction cost value for new dwellings over this period was $1,440,000, indicating a focus on the premium segment with upmarket properties. In FY-26, $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 to create a mix of opportunities across price brackets. Mont Albert reflects a highly mature market with around 695 people per dwelling approval. Looking ahead, AreaSearch's latest quarterly estimate projects Mont Albert to grow by 589 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 likely impacting the area. Notable projects include Tunstall Village, Whitehorse Activity Centres Program, Havenwood Townhouses, and Elgar Road Level Crossing Removal. The following details projects likely most relevant.

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 a highly educated workforce. Professional services are strongly represented. The unemployment rate was 3.3% in the past year.

Employment grew by an estimated 2.4%. As of December 2025, 3117 residents were employed. The unemployment rate was 1.5% lower than Greater Melbourne's rate of 4.8%. Workforce participation was 69.3%, slightly below Greater Melbourne's 71.3%.

47.1% of residents worked from home, potentially impacted by Covid-19 lockdowns. Leading industries include health care & social assistance, professional & technical services, and education & training. The area has a notable concentration in professional & technical services, with employment levels at 1.6 times the regional average. Construction shows lower representation at 5.4% compared to the regional average of 9.7%. Employment opportunities appear limited locally based on Census data. Between December 2024 and December 2025, employment levels increased by 2.4%, labour force grew by 2.5%, causing unemployment to rise by 0.1 percentage points. In contrast, Greater Melbourne saw employment growth of 2.4% and labour force growth of 2.8%, with a 0.3 percentage point rise in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Mont Albert. Over five years, national employment is forecast to expand by 6.6%. Over ten years, it is projected to increase by 13.7%. 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.

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 would be approximately $67,204 (median) and $113,142 (average) as of September 2025. According to 2021 Census figures, household, family and personal incomes all rank highly in Mont Albert, between the 83rd and 84th percentiles nationally. Income analysis reveals that the $1,500 - 2,999 earnings band captures 27.4% of the community (1,470 individuals), aligning with the surrounding region where this cohort likewise represents 32.8%. A significant 39.5% earn above $3,000 weekly. After housing costs, residents retain 86.9% of income, reflecting 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), compared to Melbourne metro's 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 in Mont Albert 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 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 comprise 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, 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

Mont Albert's educational attainment is notably higher than national averages. Among residents aged 15+, 55.6% possess university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the 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, with 30.5% currently enrolled in formal education. This includes 9.5% in tertiary, 8.4% in secondary, and 7.7% 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 offering a mix of light rail and bus services. These are served by 7 different routes, collectively facilitating 3,857 weekly passenger trips. The area's transport accessibility is rated excellent, with residents typically situated 158 meters from the nearest stop. Primarily residential, most commuters travel outward. Cars remain the dominant mode 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 be influenced by COVID-19 conditions. Across all routes, service frequency averages 551 trips daily, equating to approximately 148 weekly trips per individual 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 according to AreaSearch's analysis of mortality rates and chronic condition prevalence, with very low prevalence across all age groups. The area has a high rate of private health cover at approximately 68% of its total population (3,645 people), compared to Greater Melbourne's 56.7% and the national average of 55.7%. Asthma and mental health issues are the most common conditions, affecting 7.2 and 6.6% of residents respectively.

A significant majority, 72.9%, report being completely free from medical ailments, slightly higher than Greater Melbourne's 72.6%. Working-age residents have low chronic condition prevalence. The area has a higher proportion of seniors aged 65 and over at 21.8% (1,169 people) compared to Greater Melbourne's 15.1%. Health outcomes among seniors are strong and align 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 showed higher cultural diversity than most local areas, 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% of its population. Buddhism was notably overrepresented compared to Greater Melbourne, comprising 2.9% versus 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 other ethnic groups also showed notable differences: Sri Lankan was slightly overrepresented at 0.7% compared to 0.8% regionally, French at 0.7% versus 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, significantly higher than Greater Melbourne's average of 37 years and Australia's average of 38 years. The 65-74 age group constitutes 11.6% of the population, compared to a lower representation of the 25-34 cohort at 11.6%. Post-2021 Census data shows the 75 to 84 age group grew from 5.6% to 7.9%, while the 15 to 24 cohort increased from 13.6% to 15.4%. Conversely, the 25 to 34 cohort declined from 12.3% to 11.6%. Population forecasts for 2041 indicate substantial demographic changes in Mont Albert. Notably, the 45 to 54 age group is expected to grow by 22%, adding 152 people and reaching a total of 850 from 697. Conversely, the 0 to 4 and 35 to 44 cohorts are projected to experience population declines.