Montmorency

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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch since the Census, Montmorency's population is estimated at around 9,739 as of November 2025. This reflects an increase of 489 people (5.3%) since the 2021 Census, which reported a population of 9,250 people. The change is inferred from the resident population of 9,507 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 83 validated new addresses since the Census date. This level of population equates to a density ratio of 2,542 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Montmorency's 5.3% growth since census positions it within 2.7 percentage points of the SA3 area (8.0%), demonstrating competitive growth fundamentals. Population growth for the area was primarily driven by overseas migration that contributed approximately 60.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as 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. Moving forward with demographic trends, a significant population increase in the top quartile of statistical areas analysed by AreaSearch is forecast, with the Montmorency (SA2) expected to increase by 3,160 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 29.7% in total over the 17 years.

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

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, shows Montmorency has had approximately 26 dwellings receiving development approval annually over the past five financial years, totalling an estimated 134 homes. As of FY-26, 13 approvals have been recorded. The population decline in recent years has seen adequate development activity relative to other areas, benefiting buyers while new homes are constructed at an average value of $784,000, indicating a focus on the premium segment with upmarket properties. This financial year has seen $12.7 million in commercial approvals, suggesting balanced commercial development activity.

Compared to Greater Melbourne, Montmorency shows substantially reduced construction (58.0% below regional average per person), which generally supports stronger demand and values for established dwellings. This level is also lower than nationally, reflecting market maturity and possible development constraints. Recent construction comprises 56.0% detached dwellings and 44.0% townhouses or apartments, with a growing mix of townhouses and apartments providing options across different price points. This shows a considerable change from the current housing mix (currently 87.0% houses), reflecting reduced availability of development sites and addressing shifting lifestyle demands and affordability requirements. The location has approximately 393 people per dwelling approval, reflecting an established area. Population forecasts indicate Montmorency will gain 2,893 residents by 2041 (from the latest AreaSearch quarterly estimate).

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 affecting the region. Notable initiatives 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.

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Employment performance in Montmorency ranks among the strongest 15% of areas evaluated nationally

Montmorency has an educated workforce with professional services well-represented. Its unemployment rate was 1.9% in the past year, with estimated employment growth of 0.6%.

As of September 2025, 5,321 residents are employed at a 2.8% lower unemployment rate than Greater Melbourne's 4.7%, and workforce participation is 66.3%, slightly higher than Greater Melbourne's 64.1%. Dominant employment sectors include health care & social assistance, education & training, and construction, with notable concentration in education & training at 1.4 times the regional average. Transport, postal & warehousing has limited presence at 3.1% compared to the regional 5.2%. Employment opportunities locally appear limited due to Census working population vs resident population count.

In the past year, employment increased by 0.6%, labour force by 0.3%, reducing unemployment by 0.3 percentage points. Greater Melbourne experienced higher growth: employment up by 3.0% and labour force by 3.3%, with a slight unemployment rate rise of 0.3 percentage points. State-level data to 25-Nov-25 shows VIC employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. National forecasts from May-25 project national employment growth of 6.6% over five years and 13.7% over ten years. 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, though this is a simple extrapolation for illustrative purposes only.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows Montmorency's median income among taxpayers is $60,382, with an average of $80,016. Nationally, these figures are extremely high compared to Greater Melbourne's median of $57,688 and average of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Montmorency would be approximately $65,364 (median) and $86,617 (average) as of September 2025. According to the 2021 Census, incomes in Montmorency cluster around the 72nd percentile nationally. The earnings profile shows that 32.3% of residents (3,145 people) fall within the $1,500 - 2,999 income bracket, mirroring the surrounding region where 32.8% occupy this bracket. 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, while strong earnings rank residents within the 74th percentile for disposable income. 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, consisted of 87.2% houses and 12.8% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 76.0% houses and 24.0% other dwellings. Home ownership in Montmorency stood at 40.1%, with the rest being mortgaged (42.2%) or rented (17.7%). The median monthly mortgage repayment was $2,167, aligning with Melbourne metro's average. The median weekly rent was $420, compared to Melbourne metro's $399. Nationally, Montmorency's mortgage repayments were higher at $2,167 against the Australian average of $1,863, and rents were substantially above the national figure of $375.

Montmorency has a typical household mix, with a fairly typical 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 comprising 1.5%. The median household size is 2.5 people, which aligns with the Greater Melbourne average.

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 most prevalent at 24.4%, followed by postgraduate qualifications (8.9%) and graduate diplomas (5.6%). Vocational credentials are prominent, with 30.5% of residents aged 15+ holding such qualifications – advanced diplomas at 12.4% and certificates at 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, offering a mix of train and bus services. These stops are served by 9 different routes, which collectively facilitate 3000 weekly passenger trips. The accessibility of the transport system is deemed good, with residents generally situated about 251 meters from their nearest stop.

On average, across all routes, there are 428 daily trips, translating to roughly 103 weekly trips per individual stop.

Montmorency's residents are healthier than average in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Health data shows Montmorency residents have relatively positive health outcomes, with common conditions seen across both young and old age groups at a standard level. Approximately 58% of Montmorency's total population (5,687 people) have private health cover, compared to Greater Melbourne's 60.9%.

The most prevalent medical conditions are arthritis and asthma, affecting 8.4% and 8.3% of residents respectively. 68.4% of residents report no medical ailments, slightly lower than Greater Melbourne's 69.3%. Montmorency has a higher proportion of seniors aged 65 and over at 20.8% (2,025 people), compared to Greater Melbourne's 19.8%. Senior health outcomes in Montmorency are above average and align with the general population's health profile.

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

Montmorency, as per the census conducted on the 29th of August, 2016, showed lower than average cultural diversity. 83.1% of its population were born in Australia, with 92.5% being citizens and 90.1% speaking English only at home. Christianity was the predominant religion, accounting for 42.8% of Montmorency's population.

While Judaism made up only 0.1% of the population, this figure is higher than Greater Melbourne's average of 0.2%. The top three ancestry groups were English (27.8%), Australian (25.6%), and Irish (10.6%). Notably, French (0.7%) and Italian (5.7%) ethnicities were overrepresented in Montmorency compared to the regional averages of 0.4% and 7.7%, respectively. Macedonian ethnicity was underrepresented at 0.5%, compared to Greater Melbourne's average of 1.1%.

Montmorency's median age exceeds the national pattern

Montmorency's median age is 41 years, which is significantly higher than Greater Melbourne's average of 37 and somewhat older than Australia's median of 38. Compared to the Greater Melbourne average, Montmorency has a notably over-represented cohort of 65-74 year-olds at 11.6%, while those aged 25-34 are under-represented at 8.2%. According to the 2021 Census, the population aged 15 to 24 grew from 9.3% to 10.9%, while the 25 to 34 cohort declined from 10.0% to 8.2%. By 2041, demographic modeling suggests Montmorency's age profile will change significantly. The 75 to 84 cohort is projected to grow by 78%, adding 537 residents to reach 1,229. Meanwhile, the 0 to 4 group is expected to grow at a more modest rate of 1%, with an increase of just 6 residents.