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 analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Mont Albert North's population is estimated at around 6,422 as of May 2026. This reflects an increase of 813 people (14.5%) since the 2021 Census, which reported a population of 5,609 people. The change is inferred from the resident population of 6,409 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 92 validated new addresses since the Census date. This level of population equates to a density ratio of 2,973 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. The suburb's 14.5% growth since the 2021 census exceeded the SA4 region (8.9%) and the state, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 88.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are also applied across all areas for years 2032 to 2041. Considering the projected demographic shifts, an above median population growth of statistical areas across the nation is projected, with the suburb expected to grow by 1,037 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 15.9% in total over the 16 years.

Recent residential development output has been above average within Mont Albert North when compared nationally

AreaSearch analysis of ABS building approval numbers for Mont Albert North shows around 44 residential properties granted approval annually. Over the past 5 financial years, from FY-21 to FY-25, approximately 223 homes were approved, with another 34 approved so far in FY-26. On average, over these years, about 1.7 new residents per year per dwelling constructed have been recorded. However, this figure has increased to 7.7 people per dwelling over the past 2 financial years, suggesting growing popularity and potential supply constraints in the area.

New homes are being built at an average expected construction cost value of $859,000, indicating a focus on the premium segment. This year alone, there have been $13.8 million in commercial approvals, reflecting steady commercial investment activity. Compared to Greater Melbourne, Mont Albert North shows 11.0% lower construction activity per person but ranks among the 66th percentile nationally when assessed across areas.

New development consists of 55.0% standalone homes and 45.0% attached dwellings, offering a mix of housing types catering to various price ranges. With around 208 people per dwelling approval, Mont Albert North exhibits characteristics of a growth area. By 2041, the latest AreaSearch quarterly estimate projects an increase of 1,024 residents in the area. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting population growth beyond current projections.

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

The performance of an area can be significantly influenced by changes in local infrastructure. AreaSearch has identified six projects that are expected to impact the area. Notable projects include 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 projects most likely to be 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 North shows above-average strength when compared nationally

Mont Albert North has a highly educated workforce with strong representation in professional services. The unemployment rate was 3.6% as of December 2025, which is below Greater Melbourne's rate of 4.8%. Employment growth over the past year was estimated at 3.7%.

As of December 2025, 3,464 residents were in work and workforce participation was 66.2%, slightly below Greater Melbourne's 69.9%. A significant portion, 43.2% of residents, worked from home, potentially influenced by Covid-19 lockdowns. Dominant employment sectors include health care & social assistance, professional & technical services, and education & training. The area specializes in professional & technical services with an employment share 1.4 times the regional level, but construction shows lower representation at 6.3% 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. During the year to December 2025, employment levels increased by 3.7% and labour force by 3.8%, causing a slight rise in unemployment rate by 0.2 percentage points. By comparison, Greater Melbourne recorded employment growth of 2.4%. National employment forecasts from Jobs and Skills Australia project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Mont Albert North's employment mix suggests local employment should increase by 7.4% over five years and 14.9% over ten years, though this is a simple extrapolation for illustrative purposes and does not account for localized 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 latest postcode level ATO data released on 30 June 2023, Mont Albert North had a median income among taxpayers of $56,220 with the average level at $83,059. These figures rank among the highest in Australia and compare to Melbourne's median of $57,688 and average of $75,164 respectively. Based on Wage Price Index growth of 9.62% since financial year 2023, current estimates would be approximately $61,628 (median) and $91,049 (average) as of March 2026. From the 2021 Census, incomes in Mont Albert North clustered around the 72nd percentile nationally. Income analysis revealed that 26.0% of the population earned between $1,500 and $2,999 weekly, mirroring Melbourne's 32.8%. Higher earners made up a substantial presence with 37.1% exceeding $3,000 weekly. Housing costs consumed 15.4% of income, but strong earnings placed disposable income at the 77th percentile nationally. The area's SEIFA income ranking placed 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, comprised 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%. The median monthly mortgage repayment was $2,817, higher than Melbourne metro's average of $2,000. Median weekly rent in the area was $500, compared to Melbourne metro's $390. Nationally, Mont Albert North's mortgage repayments were significantly higher at $2,817 versus Australia's 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 account for 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 constitute 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 notably higher educational attainment than national and state averages. As of 2016, 49.9% of its residents aged 15 years and above held university qualifications, exceeding the Australian average of 30.4% and Victoria's average of 33.4%. This area's strong educational advantage is reflected in its high proportion of residents with bachelor degrees (30.1%), postgraduate qualifications (14.2%), and graduate diplomas (5.6%). Vocational pathways are also prevalent, accounting for 20.4% of qualifications among those aged 15 years and above, with advanced diplomas at 10.8% and certificates at 9.6%.

Educational participation is high in Mont Albert North, with 31.1% of residents currently enrolled in formal education as of the 2016 Census. This includes 9.9% in primary education, 9.2% in secondary education, and 7.5% pursuing tertiary education.

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, serving a mix of bus routes. These routes total eight, offering 1,068 weekly passenger trips combined. The area's transport accessibility is rated good, with residents typically located 227 meters from the nearest stop. Most commutes are outward-bound due to its residential nature. Cars remain the dominant mode at 84%, while trains account for 6%. On average, there are 1.4 vehicles per dwelling.

According to the 2021 Census, 43.2% of residents work from home, possibly due to COVID-19 conditions. Service frequency averages 152 trips daily across all routes, equating to approximately 35 weekly trips per individual stop.

Mont Albert North's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions

Mont Albert North's health outcomes data shows excellent results, with AreaSearch finding low mortality rates and chronic condition prevalence, especially among younger cohorts. Private health cover is exceptionally high at approximately 60% of the total population (3,826 people), compared to Greater Melbourne's 56.7%.

The most prevalent medical conditions are mental health issues (6.7%) and arthritis (6.6%), with 72.7% of residents reporting no medical ailments, similar to Greater Melbourne's 72.6%. Mont Albert North has a higher proportion of seniors aged 65 and over at 21.0% (1,348 people), compared to Greater Melbourne's 15.0%. Health outcomes among seniors are strong but rank lower nationally than 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 high 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, making up 4.8% compared to 4.2% regionally.

The top three ancestry groups are English (20.6%), Chinese (18.4%, substantially higher than the regional average of 6.5%) and Australian (17.7%). Some ethnic groups have notable divergences: Hungarian is overrepresented at 0.5% versus 0.3% regionally, Greek at 3.1% versus 2.7%, and Sri Lankan at 0.6% versus 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 years. The age profile shows that those aged 65-74 are particularly prominent at 10.7%, while the 25-34 age group is comparatively smaller at 9.2%. Between 2021 and present, the 15 to 24 age group has grown from 13.1% to 14.6% of the population, while the 75 to 84 cohort increased from 6.0% to 7.1%. Conversely, the 5 to 14 age group declined from 13.6% to 11.7%, and the 45 to 54 age group dropped from 14.8% to 13.5%. By 2041, demographic projections show significant shifts in Mont Albert North's age structure. The 75 to 84 age cohort is projected to increase by 225 people (49%) from 455 to 681. Notably, the combined 65+ age groups will account for 54% of total population growth, reflecting the area's aging demographic profile. Meanwhile, the 5 to 14 age group is projected to decline by 12 people.