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 Mont Albert, as estimated by AreaSearch based on ABS updates and address validation, is around 5,310 as of November 2025. This represents an increase of 362 people since the 2021 Census, which recorded a population of 4,948. The current resident population estimate of 5,282 by AreaSearch, following examination of ABS's latest ERP data release in June 2024 and address validation since the Census date, reflects this growth. This results in a population density ratio of approximately 3,123 persons per square kilometer, placing Mont Albert in the upper quartile nationally according to AreaSearch assessments. The suburb's 7.3% population growth since the last census is within 1.0 percentage points of its SA4 region (8.3%), indicating strong growth fundamentals. Overseas migration contributed approximately 97.0% of overall population gains in recent periods, driving this growth.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022, to forecast future trends. For areas not covered by this data, AreaSearch employs the VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods. Growth rates by age group are applied across all areas for years 2032 to 2041 based on these aggregations. Future trends suggest a population increase just below the median of statistical areas analysed by AreaSearch, with Mont Albert expected to grow by approximately 598 persons to 2041, reflecting an increase of around 9.9% over the 17-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Mont Albert, placing the area among the bottom 25% of areas assessed nationally

AreaSearch analysis of ABS building approval numbers shows Mont Albert has received around 7 dwelling approvals annually over the past five financial years. This totals an estimated 35 homes from FY21 to FY25. In FY26 so far, 5 approvals have been recorded.

On average, 0.3 people move to the area per year for each dwelling built during this period. New construction has matched or outpaced demand, offering more housing options and enabling population growth that could exceed expectations.

The average expected construction cost of new dwellings is $1,428,000, indicating a focus on premium properties. Building activity shows 56% detached dwellings and 44% medium to high-density housing, providing a range of housing types across price brackets. Mont Albert has around 521 people per approval, suggesting a mature market. According to AreaSearch's latest quarterly estimate, Mont Albert is projected to add 524 residents by 2041. If current development rates continue, housing supply may struggle to keep up with population growth, potentially increasing buyer competition and supporting price increases.

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

Local infrastructure changes significantly influence an area's performance. AreaSearch has identified 24 projects likely impacting the region. Notable initiatives 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.

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.

AreaSearch assessment positions Mont Albert ahead of most Australian regions for employment performance

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

As of June 2025, 3124 residents are employed while the unemployment rate is 1.6% lower than Greater Melbourne's rate of 4.6%. Workforce participation in Mont Albert is at par with Greater Melbourne's 64.1%. The leading employment industries among residents are health care and social assistance, professional and technical services, and education and training. The area has a significant specialization in professional and technical services, with an employment share 1.6 times the regional level.

Conversely, construction employs only 5.4% of local workers, lower than Greater Melbourne's 9.7%. The predominantly residential area may offer limited local employment opportunities, as suggested by the count of Census working population versus resident population. In the past year, ending Sep-22, employment increased by 2.9%, while labour force also rose by 2.9%, keeping unemployment relatively stable. By comparison, Greater Melbourne saw employment growth of 3.5% and labour force growth of 4.0%, with unemployment rising by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 project national employment to expand by 6.6% over five years and 13.7% over ten years, but growth rates vary significantly across 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 these estimates are illustrative extrapolations based on current employment patterns.

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

Mont Albert had a median taxpayer income of $62,080 and an average income of $104,536 according to postcode level ATO data aggregated by AreaSearch for the financial year 2022. This places Mont Albert among the top percentile nationally, contrasting with Greater Melbourne's median income of $54,892 and average income of $73,761. By September 2025, current estimates suggest a median income of approximately $69,629 and an average income of $117,248, based on Wage Price Index growth of 12.16% since financial year 2022. According to the 2021 Census figures, household, family, and personal incomes in Mont Albert ranked highly nationally, between the 83rd and 84th percentiles. The earnings profile shows that 27.4% of Mont Albert's population (1,454 individuals) fell within the $1,500 - $2,999 income range in 2021, mirroring the regional trend where 32.8% occupied this bracket. Economic strength is evident through 39.5% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. After housing costs, residents retained 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 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). 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, aligning with Melbourne metro's average, while the median weekly rent stood at $451. Nationally, Mont Albert's mortgage repayments were 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 median household size of 2.5 people

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.

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 exceeds 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 prevalent at 33.1%, followed by postgraduate qualifications (16.7%) and graduate diplomas (5.8%). Vocational pathways account for 18.9%, with advanced diplomas at 11.1% and certificates at 7.8%.

Educational participation is high, with 30.5% of residents currently enrolled in formal education: 9.5% in tertiary, 8.4% in secondary, and 7.7% in primary. Mont Albert Primary School serves the area, enrolling 601 students as of a specific date. The school's Index of Community Socio-Educational Advantage (ICSEA) score is 1159, indicating high advantage nationally. Only one school focuses exclusively on primary education; secondary options are available in nearby areas.

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 operating, offering a mix of train, light rail, and bus services. These stops are served by 7 different routes that together facilitate 2,913 weekly passenger trips. The accessibility to these transports is rated excellent, with residents typically residing just 159 meters from the nearest stop.

On average, there are 416 daily trips across all routes, translating to approximately 112 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 (3,608 people), compared to the national average of 55.3%.

The most common medical conditions in the area are asthma and mental health issues, impacting 7.2% and 6.6% of residents respectively. A significant majority, 72.9%, declared themselves completely clear of medical ailments, contrasting with 0% across Greater Melbourne. As of a recent study conducted on 15th March 2022, the area has 20.7% of residents aged 65 and over (1,099 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 showed high cultural diversity, with 32.9% born overseas and 28.0% speaking a language other than English at home. Christianity was the dominant religion in Mont Albert, comprising 43.0%. Buddhism was notably overrepresented compared to Greater Melbourne, making up 2.9% of Mont Albert's population.

The top three ancestry groups were English (23.6%), Australian (18.7%), and Chinese (14.9%). Some ethnic groups showed notable representation: Sri Lankan at 0.7%, French at 0.7%, and Greek at 1.8%.

Mont Albert hosts an older demographic, ranking in the top quartile nationwide

The median age in Mont Albert is 42 years, which is significantly higher than Greater Melbourne's average of 37 years and Australia's average of 38 years. The 65-74 age group comprises 11.1% of the population in Mont Albert, compared to a lower prevalence of the 25-34 cohort at 12.0%. According to data from the 2021 Census, the 75 to 84 age group has increased from 5.6% to 7.3%, while the 15 to 24 cohort has risen from 13.6% to 14.9%. Conversely, the 65 to 74 cohort has decreased from 11.9% to 11.1%. Population forecasts for Mont Albert in 2041 indicate substantial demographic changes. The 75 to 84 age group is projected to grow by 42%, reaching 549 people from 387, with the combined 65+ age groups accounting for 54% of total population growth, reflecting Mont Albert's aging demographic profile. In contrast, the 0 to 4 and 35 to 44 cohorts are expected to experience population declines.