Mont Albert North

An assessment of population growth drivers in Mont Albert North reveals an overall ranking slightly below national averages considering recent, and medium term trends

Based on ABS population updates and AreaSearch validations, the estimated population of Mont Albert North as of Feb 2026 is around 6,279. This reflects an increase of 670 people since the 2021 Census, which reported a population of 5,609. The change was inferred from AreaSearch's resident population estimate of 6,234 in June 2024 and 92 additional validated new addresses since the Census date. This results in a density ratio of 2,906 persons per square kilometer, placing Mont Albert North in the upper quartile nationally according to AreaSearch assessments. The suburb's population growth of 11.9% since the 2021 census exceeded the national average of 9.9%. Overseas migration contributed approximately 88.0% of overall population gains during recent periods.

AreaSearch uses 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. Growth rates by age group are applied across all areas for years 2032 to 2041. Considering projected demographic shifts, Mont Albert North is expected to grow by 1,155 persons to 2041 based on aggregated SA2-level projections, reflecting a total gain of 17.7% over the 17-year period.

AreaSearch analysis of residential development drivers sees Mont Albert North recording a relatively average level of approval activity when compared to local markets analysed countrywide

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Mont Albert North has recorded around 44 residential properties granted approval annually. Over the past 5 financial years, between FY-21 and FY-25, approximately 223 homes were approved, with a further 31 approved so far in FY-26. On average, over these years, there have been about 1.1 new residents per year per dwelling constructed. However, recent data shows this has increased to 5.5 people per dwelling over the past 2 financial years, reflecting Mont Albert North's growing popularity and potential supply constraints.

New homes are being built at an average expected construction cost value of $859,000, indicating a focus on the premium segment with upmarket properties. This year, there have been $13.8 million in commercial approvals, demonstrating steady commercial investment activity. Compared to Greater Melbourne, Mont Albert North shows 11.0% lower construction activity per person, while it ranks among the 67th percentile of areas assessed nationally.

New development consists of 55.0% standalone homes and 45.0% attached dwellings, offering a blend of housing types catering to various price ranges. With around 202 people per dwelling approval, Mont Albert North exhibits characteristics of a growth area. According to the latest AreaSearch quarterly estimate, Mont Albert North is forecasted to gain 1,110 residents by 2041. At current development rates, new housing supply should meet demand comfortably, providing good conditions for buyers and potentially supporting growth beyond current population projections.

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

AreaSearch has identified six projects that could impact the area. Key projects include the Box Hill Hospital Redevelopment, Golden Age Group's Box Hill Office and Retail Tower, 132-144 Springvale Road Development, and North East Link - Doncaster Interchange Upgrades. The following list details those most likely to be 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.

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

Mont Albert North has a highly educated workforce with professional services strongly represented. The unemployment rate was 3.4% in the past year, with an estimated employment growth of 2.5%. As of December 2025, there were 3,292 residents employed and the unemployment rate was 1.3% lower than Greater Melbourne's rate of 4.8%.

Workforce participation lagged behind Greater Melbourne at 65.2%. According to Census responses, 43.2% of residents worked from home, potentially influenced by Covid-19 lockdowns. The dominant employment sectors were health care & social assistance, professional & technical, and education & training. The area showed strong specialization in professional & technical services with an employment share 1.4 times the regional level, while construction had lower representation at 6.3% compared to the regional average of 9.7%.

Employment opportunities appeared limited locally as indicated by the working population count versus resident population. During the year to December 2025, employment levels increased by 2.5%, labour force grew by 2.7%, leading to a rise in unemployment rate by 0.1 percentage points. Greater Melbourne recorded similar growth patterns with slight variations. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Mont Albert North. Applying industry-specific projections to the local employment mix indicates an estimated employment increase of 7.4% over five years and 14.9% over ten years, although these are simple weighting extrapolations for illustrative purposes and do not account for localized population projections.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

In financial year 2023, Mont Albert North had a median taxpayer income of $56,220 and an average income of $83,059. These figures are among the highest in Australia, compared to Melbourne's median of $57,688 and average of $75,164. By September 2025, estimated incomes would be approximately $60,858 (median) and $89,911 (average), based on an 8.25% growth from the Wage Price Index since financial year 2023. According to the 2021 Census, Mont Albert North's household incomes cluster around the 72nd percentile nationally. Income analysis shows that 26.0% of individuals earn between $1,500 and $2,999 weekly, mirroring Melbourne's 32.8%. Notably, 37.1% exceed $3,000 weekly, indicating strong purchasing power. Housing costs consume 15.4% of income, but disposable income ranks at the 77th percentile nationally. The area's SEIFA income ranking places it in the 9th decile.

Mont Albert North displays a diverse mix of dwelling types, with above-average rates of outright home ownership

Mont Albert North's dwelling structures, as per the latest Census, consisted of 63.5% houses and 36.5% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Mont Albert North was at 43.7%, with mortgaged dwellings at 36.3% and rented ones at 20%. The median monthly mortgage repayment in the area was $2,817, higher than Melbourne metro's average of $2,000. The median weekly rent figure was recorded at $500 compared to Melbourne metro's $390. Nationally, Mont Albert North's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

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

Family households account for 75.9 percent of all households, including 39.1 percent couples with children, 24.6 percent couples without children, and 10.8 percent single parent families. Non-family households constitute the remaining 24.1 percent, with lone person households at 22.0 percent and group households comprising 2.3 percent of the total. The median household size is 2.7 people, which is larger than the Greater Melbourne average of 2.6.

Mont Albert North shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Mont Albert North's educational attainment is notably higher than national averages. Among residents aged 15+, 49.9% have university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the most common at 30.1%, followed by postgraduate qualifications (14.2%) and graduate diplomas (5.6%). Vocational pathways account for 20.4%, with advanced diplomas at 10.8% and certificates at 9.6%.

Educational participation is high, with 31.1% currently enrolled in formal education. This includes primary education (9.9%), secondary education (9.2%), and tertiary education (7.5%).

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

Mont Albert North has 30 operational public transport stops, all serving bus routes. These are covered by eight different routes that facilitate 1,068 weekly passenger trips in total. The area's transport accessibility is deemed good, with residents on average being 227 meters away from the nearest stop. Most residents commute outwards daily. Cars remain the primary mode of transportation, used by 84% of residents, while only 6% use trains. On average, there are 1.4 vehicles per dwelling.

According to the 2021 Census, a significant 43.2% of residents work from home, which may be influenced by COVID-19 conditions. The service frequency across all routes averages 152 trips per day, equating to approximately 35 weekly trips per stop.

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

Mont Albert North shows excellent health outcomes based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups.

Private health cover is exceptionally high at approximately 60% of the total population (3,741 people), compared to Greater Melbourne's 56.7%. Mental health issues and arthritis are the most common conditions, affecting 6.7% and 6.6% of residents respectively. 72.7% of residents report no medical ailments, similar to Greater Melbourne's 72.6%. The area has a higher proportion of seniors aged 65 and over at 21.4%, compared to Greater Melbourne's 15.1%. Health outcomes among seniors are strong but rank lower nationally than those of the broader population.

Mont Albert North 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 North has a high level of cultural diversity, with 35.1% of its population born overseas and 33.7% speaking a language other than English at home. Christianity is the main religion in Mont Albert North, comprising 43.2% of people. Buddhism is overrepresented compared to Greater Melbourne, making up 4.8% of Mont Albert North's population versus 4.2%.

The top three ancestry groups are English (20.6%), Chinese (18.4%), and Australian (17.7%). Some ethnic groups show notable differences: Hungarian at 0.5% compared to the regional average of 0.3%, Greek at 3.1% versus 2.7%, and Sri Lankan at 0.6% compared to 0.8%.

Mont Albert North hosts a notably older demographic compared to the national average

The median age in Mont Albert North is 43 years, which is considerably higher than Greater Melbourne's average of 37 and substantially exceeds the national average of 38 years. The age profile shows that those aged 65-74 are particularly prominent, making up 11.1% of the population, while the 25-34 age group is comparatively smaller at 8.4%. Between 2021 and present, the 15 to 24 age group has grown from 13.1% to 14.7%, while the 75 to 84 cohort increased from 6.0% to 7.2%. Conversely, the 5 to 14 age group has declined from 13.6% to 12.2%, and the 45 to 54 age group dropped from 14.8% to 13.7%. Looking ahead to 2041, demographic projections reveal significant shifts in Mont Albert North's age structure. The 75 to 84 age cohort is projected to rise substantially, expanding by 236 people (52%) from 452 to 689. Notably, the combined 65+ age groups will account for 52% of total population growth, reflecting the area's aging demographic profile. The 5 to 14 age cohort is projected to decline by 0 people.