Montrose (Vic.)

Montrose is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

The population of Montrose (Vic.) was estimated at 6,882 as of November 2025, based on AreaSearch's analysis of ABS population updates and new addresses validated by them. This figure reflects a decrease of 18 people since the 2021 Census, which reported a population of 6,900. The current resident population estimate is 6,877, as per AreaSearch following examination of the latest ERP data release by the ABS in June 2024, with an additional 6 validated new addresses since the Census date. This results in a density ratio of 623 persons per square kilometer. Overseas migration was the primary driver of population growth in recent periods for the suburb.

AreaSearch is using ABS/Geoscience Australia projections released in 2024, with a base year of 2022, for each SA2 area. For areas not covered by this data, they utilise VIC State Government's Regional/LGA projections from 2023, adjusted employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, the suburb is expected to increase its population by 336 persons, reflecting an overall gain of approximately 4.8% over the 17-year period.

The level of residential development activity in Montrose is very low in comparison to the average area assessed nationally by AreaSearch

Montrose has received approximately 4 dwelling approvals per year over the past 5 financial years, totalling around 21 homes. As of FY-26, 4 approvals have been recorded. The average construction cost value for new homes is $516,000. Montrose has registered $79,000 in commercial approvals this financial year.

Compared to Greater Melbourne and the national average, Montrose has significantly less development activity, with an estimated 85.0% below the regional average per person. Recent building activity consists entirely of detached dwellings, maintaining the area's low density nature. The estimated population per dwelling approval is 1376 people. According to AreaSearch quarterly estimates, Montrose is projected to add 328 residents by 2041. At current development rates, housing supply may struggle to match population growth.

Future projections show Montrose adding 328 residents by 2041 (from the latest AreaSearch quarterly estimate). At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 12 projects that could affect this region. Notable ones include Yarra Ranges Council's drainage programme, Sherbrooke Children's Centre Services, Dandenong Ranges Environmental Protection Programme, and Liverpool Road Shared User Path. 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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AreaSearch analysis reveals Montrose significantly outperforming the majority of regions assessed nationwide

Montrose has a skilled workforce with an unemployment rate of 2.2% as of June 2025. This is below Greater Melbourne's rate of 4.6%.

Workforce participation in Montrose is on par with Greater Melbourne at 64.1%. The construction sector is particularly strong, with employment share being 1.9 times the regional level. Other leading industries include health care & social assistance and manufacturing. Professional & technical services have a limited presence with 6.2% employment compared to the regional average of 10.1%.

Employment opportunities may be limited locally as indicated by Census data. Over the year to June 2025, employment increased by 1.4%, labour force by 0.7%, and unemployment fell by 0.7 percentage points. In comparison, Greater Melbourne saw employment grow by 3.5% while unemployment rose by 0.5 percentage points. National employment forecasts from Jobs and Skills Australia project a growth of 6.6% over five years and 13.1% over ten years for Montrose, based on industry-specific projections.

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 2022 shows that income in Montrose is above the national average. The median income is $55,816 and the average income stands at $67,858. This contrasts with Greater Melbourne's figures of a median income of $54,892 and an average income of $73,761. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates for Montrose would be approximately $62,603 (median) and $76,110 (average) as of September 2025. Census data reveals that incomes in Montrose cluster around the 65th percentile nationally. Looking at income distribution, 33.7% of residents earn between $1,500 - 2,999, aligning with the broader area where this cohort likewise represents 32.8%. Housing accounts for 13.4% of income and strong earnings rank residents within the 75th percentile for disposable income. The area's SEIFA income ranking places it in the 7th decile.

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

Montrose's dwellings, as per the latest Census, consisted of 92.1% houses and 8.0% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 93.8% houses and 6.3% other dwellings. Home ownership in Montrose was 37.7%, with the rest being mortgaged (53.5%) or rented (8.8%). The median monthly mortgage repayment was $2,000, higher than Melbourne metro's $1,950 and national average of $1,863. Median weekly rent in Montrose was $365, lower than Melbourne metro's $380 and national figure of $375.

Montrose features high concentrations of family households, with a higher-than-average median household size

Family households account for 79.3% of all households, consisting of 42.6% couples with children, 27.4% couples without children, and 8.8% single parent families. Non-family households make up the remaining 20.7%, with lone person households at 19.3% and group households comprising 1.3% of the total. The median household size is 2.8 people, larger than the Greater Melbourne average of 2.7.

The educational profile of Montrose exceeds national averages, with above-average qualification levels and academic performance metrics

The area's university qualification rate is 23.8%, substantially lower than Greater Melbourne's average of 37.0%. Bachelor degrees are the most common at 16.7%, followed by postgraduate qualifications (3.9%) and graduate diplomas (3.2%). Vocational credentials are prominent, with 41.1% of residents aged 15+ holding them, including advanced diplomas (12.5%) and certificates (28.6%). Educational participation is high at 27.1%, with 10.1% in primary, 7.3% in secondary, and 3.4% in tertiary education.

Montrose's three schools have a combined enrollment of 1,710 students, serving an area with above-average socio-educational conditions (ICSEA: 1053). The educational mix includes two primary and one K-12 school. The area functions as an education hub with 24.9 school places per 100 residents, significantly higher than the regional average of 15.5, attracting students from surrounding communities.

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

Montrose has 38 active public transport stops, all of which are bus stops. These stops are served by 16 different routes that together facilitate 1,807 weekly passenger trips. The transport system in Montrose is considered accessible, with residents on average located 370 meters from the nearest stop.

On average, there are 258 trips per day across all routes, which equates to approximately 47 weekly trips per individual stop.

Health outcomes in Montrose are marginally below the national average with common health conditions slightly more prevalent than average across both younger and older age cohorts

Montrose shows below-average health outcomes, with common conditions slightly more prevalent than average across both younger and older age groups.

Approximately 54% (~3,692 people) of Montrose residents have private health cover. Mental health issues affect 8.9% of residents, while asthma impacts 8.5%. Sixty-six point seven percent declare themselves completely clear of medical ailments, compared to 66.9% across Greater Melbourne. Nineteen point zero percent of residents are aged 65 and over (1,307 people), broadly in line with the general population's health profile.

Montrose is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Montrose's population showed low cultural diversity, with 85.1% born in Australia, 92.7% being citizens, and 95.0% speaking English only at home. Christianity was the predominant religion, followed by Judaism which was overrepresented at 0.2%. The top three ancestry groups were Australian (31.2%), English (30.6%), and Scottish (8.0%).

Notable differences included Dutch (3.7% vs regional 3.2%), Hungarian (0.4% vs 0.3%), and Welsh (0.6% vs 0.5%) populations in Montrose.

Montrose hosts an older demographic, ranking in the top quartile nationwide

Montrose's median age is 41 years, higher than Greater Melbourne's average of 37 and Australia's median of 38. Compared to Greater Melbourne, Montrose has a notably higher percentage of 5-14 year-olds (14.2% locally) but fewer 25-34 year-olds (10.3%). According to the 2021 Census, the 5-14 age group grew from 13.1% to 14.2%, while the 65-74 cohort decreased from 10.2% to 9.1%. By 2041, Montrose's age profile is projected to change significantly. The 85+ cohort is expected to grow by 88%, adding 181 residents to reach 388. Residents aged 65 and older are anticipated to contribute 59% of the population growth, while declines are projected for the 0-4 and 35-44 cohorts.