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 an additional 92 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 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. Future population trends project above median growth nationally, with Mont Albert North expected to increase by 1,149 persons to 2041, reflecting a total increase of 14.5% 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 from statistical area data, Mont Albert North averaged approximately 44 new dwelling approvals annually over the past five financial years, totalling an estimated 222 homes. As of FY-26, 29 approvals have been recorded. On average, one new resident per year per dwelling constructed has been observed between FY-21 and FY-25, suggesting that new construction is meeting or exceeding demand. The average expected construction cost value for new properties in Mont Albert North is $859,000, indicating a focus on the premium segment with upmarket properties.

In FY-26, $13.8 million in commercial approvals have been registered, demonstrating moderate levels of commercial development compared to Greater Melbourne, where Mont Albert North has 10.0% less new development per person. Nationally, Mont Albert North ranks among the 66th percentile of areas assessed for new development. Recent construction in Mont Albert North comprises approximately 55.0% detached houses and 45.0% medium to high-density housing, offering a variety of attached housing types catering to different price ranges and family sizes.

The location has an approximate population density of 206 people per dwelling approval, indicating an expanding market. According to the latest AreaSearch quarterly estimate, Mont Albert North is projected to grow by 913 residents by 2041. With current construction levels, housing supply should adequately meet demand, creating favourable conditions for buyers and potentially enabling growth that exceeds current forecasts.

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

In total six projects have been identified by AreaSearch that are likely to impact the area. Key projects include Box Hill Hospital Redevelopment, Golden Age Group Box Hill Office and Retail Tower, 132-144 Springvale Road Development, and North East Link - Doncaster Interchange Upgrades. The following list details those likely to be 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.

Employment performance in Mont Albert North exceeds national averages across key labour market indicators

Mont Albert North has a highly educated workforce with professional services well represented. The unemployment rate is 3.2%, lower than the Greater Melbourne average of 4.7%. Employment growth over the past year is estimated at 3.3%.

As of September 2025, 3,288 residents are employed and the unemployment rate is 1.4% below Greater Melbourne's rate. Workforce participation in Mont Albert North lags behind Greater Melbourne at 65.3%. A significant number of residents work from home, with 43.2% indicating they do so based on Census responses. Employment is concentrated in health care & social assistance, professional & technical services, and education & training sectors.

Notably, employment levels in professional & technical services are at 1.4 times the regional average while construction shows lower representation at 6.3%. The area offers limited local employment opportunities as indicated by working population versus resident population counts. Between September 2024 and September 2025, employment increased by 3.3% and labour force grew by 3.1%, leading to a decrease in unemployment rate of 0.3 percentage points. In comparison, Greater Melbourne saw employment growth of 3.0%, labour force expansion of 3.3%, and an increase in unemployment rate of 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Mont Albert North. Applying these projections to the local employment mix indicates that local employment should increase by 7.4% over five years and 14.9% over ten years, though these are simple extrapolations for illustrative purposes and do not account for localised population projections.

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

According to AreaSearch's aggregation of ATO data released for financial year ending June 2023, Mont Albert North had a median income among taxpayers of $56,220 and an average level of $83,059. This places it among the highest in Australia compared to Greater Melbourne's levels of $57,688 and $75,164 respectively. Based on Wage Price Index growth of 8.25% from financial year ending June 2023 to September 2025, current estimates would be approximately $60,858 for median income and $89,911 for average income as of September 2025. The 2021 Census data shows household, family, and personal incomes in Mont Albert North cluster around the 72nd percentile nationally. Income analysis reveals that 26.0% of individuals earn between $1,500 and $2,999 weekly, mirroring the region where 32.8% fall within this bracket. The suburb demonstrates affluence with 37.1% earning over $3,000 per week, supporting premium retail and service offerings. High housing costs consume 15.4% of income, but strong earnings place disposable income at the 77th percentile nationally. Mont Albert North'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), compared to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Mont Albert North stood at 43.7%, with mortgaged dwellings at 36.3% and rented ones at 20.0%. The median monthly mortgage repayment was $2,817, exceeding Melbourne metro's average of $2,000. Median weekly rent in Mont Albert North was $500, higher than Melbourne metro's $390. Nationally, Mont Albert North'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 North has a typical household mix, with a higher-than-average median household size

Family households constitute 75.9% of all households, including 39.1% couples with children, 24.6% couples without children, and 10.8% single parent families. Non-family households account for the remaining 24.1%, with lone person households at 22.0% and group households comprising 2.3%. The median household size is 2.7 people, 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 has a notably higher proportion of residents with university qualifications compared to national and state averages. Specifically, 49.9% of its residents aged 15 and above hold such qualifications, surpassing the Australian average of 30.4% and the Victorian average of 33.4%. This educational advantage is largely driven by bachelor degrees (30.1%), followed by postgraduate qualifications (14.2%) and graduate diplomas (5.6%). Vocational pathways are also well-represented, with 20.4% of residents aged 15 and above holding such qualifications, including advanced diplomas (10.8%) and certificates (9.6%).

Educational participation in the area is significantly high, with 31.1% of residents currently enrolled in formal education programs. 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 active public transport stops, all of which are bus stops. These stops are served by eight different routes that together facilitate 1,068 weekly passenger trips. The area's transport accessibility is deemed good, with residents on average located 227 meters from the nearest stop. Most residents commute outwards daily. Car remains the primary mode of transportation for 84% of residents, while 6% use trains. On average, there are 1.4 vehicles per dwelling in the area.

According to the 2021 Census, a high proportion of residents, 43.2%, work from home, which may be influenced by COVID-19 conditions. Across all routes, service frequency 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 (3741 people), compared to 56.7% in Greater Melbourne. 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 the 72.6% across Greater Melbourne. The area has a higher proportion of seniors aged 65 and over at 21.3%, compared to 15.1% in Greater Melbourne. 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 predominant religion in Mont Albert North, with 43.2% of people identifying as Christian, compared to Greater Melbourne's average of 49.8%. Buddhism is overrepresented in Mont Albert North, comprising 4.8% of its population, higher than the regional average of 4.2%.

The top three represented ancestry groups are English (20.6%), Chinese (18.4%), and Australian (17.7%). Notably, Hungarian (0.5%) is overrepresented compared to Greater Melbourne's average of 0.3%, as are Greek (3.1% vs regional average of 2.7%) and Sri Lankan (0.6% vs 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 higher than Greater Melbourne's average of 37 and exceeds the national average of 38. The age profile shows that those aged 65-74 are particularly prominent at 11.1%, while the 25-34 age group is smaller at 8.1%. Between 2021 and present, the 15-24 age group has grown from 13.1% to 14.7%, and the 75-84 cohort has increased from 6.0% to 7.1%. Conversely, the 5-14 age group has declined from 13.6% to 12.3%, and the 45-54 age group has dropped from 14.8% to 13.7%. By 2041, demographic projections indicate that the 75-84 age cohort will increase by 222 people (50%), from 445 to 668. Notably, the combined 65+ age groups will account for 57% of total population growth, reflecting Mont Albert North's aging demographic profile. In contrast, the 5-14 age cohort is projected to decline by 29 people.