Monbulk - Silvan

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

Monbulk - Silvan's population is around 5,850 as of Nov 2025. This reflects an increase of 34 people since the 2021 Census, which reported a population of 5,816 people. The change is inferred from the estimated resident population of 5,834 in June 2024 and an additional 16 validated new addresses since the Census date. This level of population equates to a density ratio of 85 persons per square kilometer. Monbulk - Silvan's growth rate of 0.6% since census positions it within 2.7 percentage points of the SA3 area (3.3%), demonstrating competitive growth fundamentals. Population growth was primarily driven by overseas migration, contributing approximately 62.1% of overall population gains during recent periods.

AreaSearch is adopting 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 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 applied across all areas for years 2032 to 2041. Projections indicate an overall population decline over this period, with the area's population expected to contract by 203 persons by 2041 according to this methodology. However, growth is anticipated in specific age cohorts, led by the 85 and over age group, which is projected to grow by 184 people.

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

Monbulk-Silvan has averaged approximately 8 new dwelling approvals annually over the past five financial years, totalling 44 homes. As of FY26, there has been 1 approval recorded so far. The population has fallen during this period, suggesting that new supply has likely kept pace with demand, providing good options for buyers. The average construction cost value of new homes is $415,000.

This financial year has seen $30.9 million in commercial approvals, indicating robust commercial development momentum. Compared to Greater Melbourne, Monbulk-Silvan has significantly less development activity, 62.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties, though recent periods have seen an increase in development activity. Nationally, this area also reflects below-average development levels, suggesting maturity and possible planning constraints. All recent development has comprised detached dwellings, maintaining Monbulk-Silvan's traditional low-density character with a focus on family homes appealing to those seeking space.

The estimated population per dwelling approval is 547 people, reflecting its quiet, low-activity development environment. With stable or declining population projections, Monbulk-Silvan should experience reduced housing demand pressures, benefiting potential buyers.

Monbulk - Silvan has moderate levels of nearby infrastructure activity, ranking in the 44thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified two projects likely influencing this region: Dandenong Ranges Environmental Protection Program, initiated in 2015; Yarra Ranges Council Drainage Infrastructure Program, commenced in 2016; South East Melbourne Recycled Water Supply Infrastructure Upgrades, starting 2017; Additional VLocity Trains, introduced from 2018.

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Employment conditions in Monbulk - Silvan demonstrate exceptional strength compared to most Australian markets

Monbulk-Silvan has a skilled workforce with notable representation in the construction sector. The unemployment rate was 2.4% in September 2025, lower than Greater Melbourne's rate of 4.7%.

Employment grew by an estimated 1.6% over the past year. Out of 3,109 residents, 2.2% are unemployed, similar to Greater Melbourne's workforce participation rate of 64.1%. Key industries include construction, health care & social assistance, and agriculture, forestry & fishing. The area has a high concentration in agriculture, forestry & fishing, with employment levels at 14.3 times the regional average.

However, professional & technical services have limited presence, with only 5.9% employment compared to the regional average of 10.1%. Employment opportunities locally may be limited as indicated by Census data. Over the year to September 2025, employment increased by 1.6%, labour force by 0.8%, reducing unemployment by 0.8 percentage points. In contrast, Greater Melbourne had higher employment and labour force growth rates, with a smaller increase in unemployment. State-level data from 25-Nov-25 shows Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with an unemployment rate of 4.7%. Nationally, employment grew by 0.14%, and the unemployment rate was 4.3%. Jobs and Skills Australia forecasts national employment growth at 6.6% over five years and 13.7% over ten years. Applying these projections to Monbulk-Silvan's employment mix suggests local employment should increase by 6.0% over five years and 12.6% over ten years, based on simple weighting extrapolation for illustrative purposes.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

AreaSearch's latest postcode level ATO data for financial year 2022 shows that Monbulk - Silvan SA2 had a median income of $50,415 and an average income of $65,818. These figures are slightly above the national averages. Comparing this to Greater Melbourne's median income of $54,892 and average income of $73,761 reveals a difference in income levels between the two areas. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates for Monbulk - Silvan as of September 2025 would be approximately $56,545 (median) and $73,821 (average). Census 2021 income data indicates that household, family, and personal incomes in Monbulk - Silvan cluster around the national median. Examining income distribution shows that the predominant cohort in Monbulk - Silvan consists of 33.3% of locals (1,948 people) earning between $1,500 and $2,999 annually, which is consistent with broader trends across the surrounding region where 32.8% fall into this income category. After housing expenses, 86.3% of income remains for other expenses in Monbulk - Silvan. The area's SEIFA income ranking places it in the sixth decile nationally.

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

Monbulk-Silvan's dwelling structure, as per the latest Census, had 97.5% houses and 2.5% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 93.8% houses and 6.3% other dwellings. Home ownership in Monbulk-Silvan was 41.9%, with mortgaged dwellings at 45.7% and rented ones at 12.4%. The median monthly mortgage repayment was $2,000, higher than Melbourne metro's $1,950. The median weekly rent was $360, compared to Melbourne metro's $380. Nationally, Monbulk-Silvan's mortgage repayments were higher at $2,000 versus Australia's average of $1,863, while rents were lower at $360 compared to the national figure of $375.

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

Family households account for 78.3 percent of all households, including 38.5 percent couples with children, 28.9 percent couples without children, and 10.0 percent single parent families. Non-family households constitute the remaining 21.7 percent, with lone person households at 19.6 percent and group households comprising 2.2 percent of the total. The median household size is 2.8 people, which is larger than the Greater Melbourne average of 2.7.

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

The area's university qualification rate is 22.8%, significantly lower than Greater Melbourne's average of 37.0%. Bachelor degrees are the most common at 15.0%, followed by postgraduate qualifications (4.5%) and graduate diplomas (3.3%). Vocational credentials are prevalent, with 39.9% of residents aged 15+ holding them, including advanced diplomas (12.3%) and certificates (27.6%). Educational participation is high at 29.6%, with 10.5% in primary education, 8.7% in secondary education, and 4.1% pursuing tertiary education.

Educational participation is notably high, with 29.6% of residents currently enrolled in formal education. This includes 10.5% in primary education, 8.7% in secondary education, and 4.1% pursuing tertiary education.

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

The analysis of public transport in the Monbulk - Silvan area shows that there are currently 27 operational transport stops. These stops offer a variety of bus services, with 6 different routes running in total. The combined weekly passenger trips across all these routes amount to 909.

Residents have good access to transport, with an average distance of 374 meters to the nearest stop. On average, there are 129 trips per day across all routes, which translates to approximately 33 weekly trips per individual stop.

Monbulk - Silvan's residents are relatively healthy in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Monbulk-Silvan's health metrics closely match national benchmarks.

Common health conditions are seen across both young and old age cohorts at a standard level. Private health cover is held by approximately 52% of the total population (~3,065 people), slightly higher than the average SA2 area. The most prevalent medical conditions are mental health issues and asthma, affecting 8.6 and 8.5% of residents respectively. 68.3% of residents report no medical ailments, compared to 66.9% in Greater Melbourne. 20.6% of residents are aged 65 and over (1,206 people), higher than the 19.4% in Greater Melbourne. Health outcomes among seniors exceed average metrics, even outperforming the general population.

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

Monbulk-Silvan, surveyed in 2016, had a low cultural diversity index with 83.9% of its population born in Australia and 91.3% being citizens. The majority, 93.8%, spoke English at home. Christianity was the predominant religion, practiced by 38.5%.

Notably, the 'Other' religions category comprised 0.8%, slightly higher than Greater Melbourne's 0.7%. In terms of ancestry, the top three groups were English (32.5%), Australian (27.5%), and Irish (7.8%). Some ethnic groups showed notable variations: Dutch at 6.2% (compared to 3.2% regionally), Polish at 0.8% (vs 0.7%), and Italian at 3.7% (vs 3.4%).

Monbulk - Silvan's median age exceeds the national pattern

The median age in Monbulk - Silvan is 43 years, which is higher than Greater Melbourne's average of 37 years and exceeds the national average of 38 years. The age profile shows that those aged 55-64 are particularly prominent, comprising 13.9% of the population, while those aged 25-34 make up only 7.7%. Between 2021 and present, the 75 to 84 age group has grown from 5.3% to 7.9%, and the 15 to 24 cohort has increased from 12.0% to 13.1%. Conversely, the 25 to 34 cohort has declined from 9.8% to 7.7%, and the 35 to 44 group has dropped from 12.0% to 10.9%. By 2041, demographic projections indicate significant shifts in Monbulk - Silvan's age structure. The 85+ age cohort is projected to grow exceptionally, increasing by 176 people (166%) from 106 to 283. Notably, the combined 65+ age groups will account for all of the total population growth, reflecting the area's aging demographic profile. Meanwhile, the 55 to 64 and 15 to 24 cohorts are expected to experience population declines.