Montmorency

Population growth drivers in Montmorency are slightly above average based on AreaSearch's ranking of recent, and medium term trends

As of Feb 2026, the estimated population of the suburb of Montmorency is around 9,738, reflecting a growth of 488 people since the 2021 Census. This increase represents a 5.3% rise from the previously reported figure of 9,250 people. AreaSearch's analysis, based on the latest ERP data release by the ABS (June 2024) and additional validated new addresses, indicates an estimated resident population of 9,507 for Montmorency. This results in a population density ratio of 2,542 persons per square kilometer, placing Montmorency in the upper quartile relative to other locations assessed by AreaSearch. The suburb's growth since the census, at 5.3%, is within 2.8 percentage points of the SA3 area (8.1%), indicating strong growth fundamentals. Overseas migration contributed approximately 60.0% of overall population gains during recent periods in Montmorency.

AreaSearch's projections for Montmorency are based on ABS/Geoscience Australia data released in 2024, with a base year of 2022. For areas not covered by this data, AreaSearch uses the VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. These projections forecast significant population growth for Montmorency in the top quartile of statistical areas analysed by AreaSearch, with an expected increase of 3,175 persons by 2041, reflecting a total increase of 29.8% over the 17-year period.

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

Montmorency has seen approximately 26 dwelling approvals annually over the past five financial years ending June 2021. This totals an estimated 134 homes. In the current financial year, FY-26, 13 approvals have been recorded to date. Montmorency's population has declined in recent years.

Despite this, development activity has been adequate relative to its size, which is positive for buyers. The average expected construction cost of new homes is $784,000, indicating a focus on the premium segment. In FY-26, $12.7 million in commercial approvals have been registered, suggesting balanced commercial development activity. Compared to Greater Melbourne and nationally, Montmorency shows substantially reduced construction levels per person, reflecting market maturity and possible development constraints. Recent construction comprises 56% detached dwellings and 44% townhouses or apartments, marking a change from the current housing mix of 87% houses. The location has approximately 393 people per dwelling approval, indicating an established area.

Population forecasts suggest Montmorency will gain 2,902 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Montmorency has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 12 projects likely to affect the region. Notable ones include Hurstbridge Rail Line Upgrades between Watsonia and Eltham, Montmorency North Pavilion Refurbishment, Plenty River Trail Upgrades, and Level Crossing Removal - North Eastern Program Alliance along the Hurstbridge corridor. The following list details those 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 Montmorency ranks among the strongest 15% of areas evaluated nationally

Montmorency has a highly educated workforce with strong professional services representation. Its unemployment rate was 1.9% in the past year, with an estimated employment growth of 0.7%. As of September 2025, 5,327 residents were employed, with an unemployment rate of 2.8%, below Greater Melbourne's rate of 4.7%.

Workforce participation was similar to Greater Melbourne's 71.0%. Notably, 39.5% of residents worked from home, potentially influenced by Covid-19 lockdowns. Dominant employment sectors included health care & social assistance, education & training, and construction. Education & training showed a high concentration with levels at 1.4 times the regional average.

Conversely, transport, postal & warehousing had limited presence at 3.1% compared to the regional average of 5.2%. The area's predominantly residential nature may limit local employment opportunities, as indicated by the working population versus resident population count. Over a 12-month period ending in September 2025, employment increased by 0.7% and labour force grew by 0.3%, reducing the unemployment rate by 0.3 percentage points. In contrast, Greater Melbourne saw employment growth of 3.0% and labour force growth of 3.3%, with a slight rise in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Montmorency. These projections indicate national employment expanding by 6.6% over five years and 14.1% over ten years, but growth rates vary significantly between industry sectors. Applying these projections to Montmorency's employment mix suggests local employment should increase by 6.9% over five years and 14.1% over ten years.

The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis

AreaSearch released postcode level ATO data for financial year 2023. Montmorency's median income among taxpayers was $60,382, with an average of $80,016. Nationally, this is extremely high compared to Greater Melbourne's median of $57,688 and average of $75,164. As of September 2025, estimates based on Wage Price Index growth of 8.25% would be approximately $65,364 (median) and $86,617 (average). The 2021 Census shows household, family and personal incomes in Montmorency cluster around the 72nd percentile nationally. The earnings profile indicates that 32.3% of residents (3,145 people) fall into the $1,500 - 2,999 bracket, similar to the surrounding region at 32.8%. Economic strength is evident with 30.1% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. Housing accounts for 13.7% of income. Residents rank within the 74th percentile for disposable income and the area's SEIFA income ranking places it in the 8th decile.

Montmorency is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Montmorency's dwelling structure, as per the latest Census, was 87.2% houses and 12.8% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 67.9% houses and 32.1% other dwellings. Home ownership in Montmorency stood at 40.1%, with mortgaged dwellings at 42.2% and rented ones at 17.7%. The median monthly mortgage repayment was $2,167, higher than Melbourne metro's $2,000. Median weekly rent in Montmorency was $420, compared to Melbourne metro's $390. Nationally, Montmorency's mortgage repayments were significantly higher at $2,167 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.

Montmorency has a typical household mix, with a lower-than-average median household size

Family households account for 75.3% of all households, including 35.2% couples with children, 27.3% couples without children, and 11.5% single parent families. Non-family households constitute the remaining 24.7%, with lone person households at 23.3% and group households making up 1.5%. The median household size is 2.5 people, which is smaller than the Greater Melbourne average of 2.6.

Montmorency demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

The area's educational profile is notable regionally with university qualification rates of 38.9% among residents aged 15+, surpassing the Australian average of 30.4% and the SA4 region's rate of 32.8%. Bachelor degrees are the most common, at 24.4%, followed by postgraduate qualifications (8.9%) and graduate diplomas (5.6%). Vocational credentials are also prevalent, with 30.5% of residents aged 15+ holding such qualifications - advanced diplomas account for 12.4% while certificates make up 18.1%.

Educational participation is high, with 28.2% of residents currently enrolled in formal education. This includes 10.5% in primary education, 7.2% in secondary education, and 4.6% pursuing tertiary education.

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

Montmorency has 29 active public transport stops operating within it. These stops are served by nine different bus routes that collectively facilitate 3,000 weekly passenger trips. The accessibility of these transport services is rated as good, with residents typically located 251 meters from the nearest stop. As a predominantly residential area, most commuters travel outward. Car remains the primary mode of transportation at 88%, while train usage stands at 7%. On average, there are 1.4 vehicles per dwelling.

According to the 2021 Census, 39.5% of residents work from home, which may be influenced by COVID-19 conditions. The service frequency averages 428 trips per day across all routes, equating to approximately 103 weekly trips per individual stop.

Montmorency's residents are extremely healthy with prevalence of common health conditions low among the general population though slightly higher across older, at risk cohorts

Analysis of health metrics shows strong performance throughout Montmorency, based on AreaSearch's assessment.

Mortality rates and chronic condition prevalence were found to be low among the general population, although slightly higher among older, at-risk cohorts. The rate of private health cover was exceptionally high, at approximately 58% of the total population (5,686 people). The most common medical conditions in the area were arthritis and asthma, impacting 8.4 and 8.3% of residents respectively. 68.4% of residents declared themselves completely clear of medical ailments, compared to 72.6% across Greater Melbourne. The under-65 population demonstrates better than average health outcomes. The area has 21.6% of residents aged 65 and over (2,103 people), which is higher than the 15.1% in Greater Melbourne. Health outcomes among seniors are above average, though ranking lower nationally than the broader population.

Montmorency ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Montmorency's population was found to be less culturally diverse, with 83.1% born in Australia, 92.5% being citizens, and 90.1% speaking English only at home. Christianity was the predominant religion, making up 42.8%. Judaism was overrepresented at 0.1%, compared to Greater Melbourne's 1.0%.

The top three ancestry groups were English (27.8%), Australian (25.6%), and Irish (10.6%). Some other ethnicities showed notable differences: French was overrepresented at 0.7% versus the regional average of 0.5%, Italian at 5.7% compared to 5.2%, and Macedonian at 0.5% versus 0.7%.

Montmorency's median age exceeds the national pattern

Montmorency's median age is 41 years, significantly higher than Greater Melbourne's average of 37 and slightly older than Australia's median of 38. Compared to the Greater Melbourne average, Montmorency has a notably higher proportion of 65-74 year-olds (11.9% vs. 9.2%) and fewer 25-34 year-olds (7.9% vs. 10.7%). According to the 2021 Census, Montmorency's population aged 15-24 grew from 9.3% to 11.2%, while those aged 75-84 increased from 6.2% to 7.5%. Conversely, the proportion of 25-34 year-olds decreased from 10.0% to 7.9%. By 2041, demographic modeling projects significant changes in Montmorency's age profile. The 55-64 cohort is expected to grow by 46%, adding 527 residents to reach 1,667. Meanwhile, the 0-4 group will see more modest growth of 4%, adding only 19 residents.