Montrose

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

Montrose's population, as of November 2025, is approximately 6,928, a decrease of 15 people from the 2021 Census figure of 6,943. This change is inferred from ABS estimates: Montrose had an estimated resident population of 6,923 in June 2024 and six new addresses were validated since the Census date. The population density is around 657 persons per square kilometer. Overseas migration was the primary driver of recent population growth. AreaSearch uses 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 employs Victoria's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Montrose is expected to grow by approximately 335 persons, reflecting a total increase of about 4.7% over the 17-year period based on latest annual ERP population numbers.

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

Montrose has recorded approximately 4 residential properties granted approval per year. Over the past five financial years, from FY-21 to FY-25, a total of 22 homes were approved, with an additional 4 approved so far in FY-26. The average construction value for new properties is $352,000.

In FY-26, $5.8 million in commercial development approvals have been recorded. Compared to Greater Melbourne, Montrose has significantly less development activity, being 84.0% below the regional average per person. Recent development has consisted entirely of standalone homes, preserving the area's low density nature with an emphasis on detached housing. The estimated population per dwelling approval is 1442 people. Population forecasts indicate Montrose will gain 328 residents by 2041.

If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and underpinning price growth.

Montrose has emerging levels of nearby infrastructure activity, ranking in the 38thth percentile nationally

The performance of an area can significantly be influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified nine such projects that could potentially impact the area. Notable among these are the Yarra Ranges Council Drainage Infrastructure Program, Liverpool Road Shared User Path, Sherbrooke Children's Centre Services, and Kilsyth Townhouse Developments. The following list details those projects likely to have the most relevance.

Professional plan users can use the search below to filter and access additional projects.

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Montrose ranks among the top 25% of areas assessed nationally for overall employment performance

Montrose has a skilled workforce with an unemployment rate of 2.4% as of September 2025. This is lower than Greater Melbourne's rate of 4.7%.

The area saw employment growth of 1.3% over the past year. There are currently 3,660 residents employed in Montrose. Key industries include construction, health care & social assistance, and manufacturing. Construction shows notable concentration with employment levels at 1.8 times the regional average.

Conversely, professional & technical services have lower representation at 6.2%. The area offers limited local employment opportunities as indicated by Census data. Over a 12-month period ending September 2025, employment increased by 1.3%, labour force grew by 0.6%, and unemployment fell by 0.7 percentage points. In comparison, Greater Melbourne saw employment grow by 3.0% while unemployment rose slightly. State-level data to 25-Nov-25 shows Victoria's employment grew by 1.13% year-on-year with an unemployment rate of 4.7%. Job and Skills Australia forecasts national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Montrose's employment mix suggests local employment should increase by 6.3% over five years and 13.1% over ten years, though this is a simplified extrapolation for illustrative purposes only.

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

The median income among taxpayers in Montrose SA2 was $56,012 in financial year 2022. The average income stood at $68,097 during the same period. In Greater Melbourne, the median income was $54,892 and the average was $73,761. By September 2025, estimates suggest the median income in Montrose would be approximately $62,823 and the average would be around $76,378, based on a 12.16% growth since financial year 2022. According to the 2021 Census, incomes in Montrose cluster around the 66th percentile nationally. The largest segment of residents, comprising 33.5%, earn between $1,500 and $2,999 weekly, with a total of 2,320 individuals in this bracket. This figure mirrors regional levels where 32.8% of residents occupy the same income bracket. After housing costs, Montrose residents retain 86.7% of their income, indicating strong purchasing power. 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 dwelling structures, as per the latest Census, consisted of 92.1% houses and 7.8% other dwellings. In comparison, Melbourne metro had 93.8% houses and 6.3% other dwellings. Home ownership in Montrose was 37.8%, similar to Melbourne metro's figure. The remaining dwellings were either mortgaged (53.5%) or rented (8.8%). The median monthly mortgage repayment in Montrose was $2,000, higher than Melbourne metro's average of $1,950 and the national average of $1,863. The median weekly rent in Montrose was $365, lower than Melbourne metro's $380 and the national figure of $375.

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

Family households account for 79.4 percent of all households, consisting of 42.8 percent couples with children, 27.2 percent couples without children, and 8.7 percent single parent families. Non-family households constitute the remaining 20.6 percent, with lone person households at 19.2 percent and group households comprising 1.3 percent of the total. The median household size is 2.8 people, which is larger than the Greater Melbourne average of 2.7 people.

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

The area has university qualification rates of 23.9%, significantly lower than Greater Melbourne's average of 37.0%. Bachelor degrees are the most common at 16.7%, followed by postgraduate qualifications (4.0%) and graduate diplomas (3.2%). Vocational credentials are held by 40.8% of residents aged 15+, with advanced diplomas at 12.5% and certificates at 28.3%. Educational participation is high, with 27.2% of residents currently enrolled in formal education: 10.2% in primary, 7.3% in secondary, and 3.5% in tertiary education.

Educational participation is notably high, with 27.2% of residents currently enrolled in formal education. This includes 10.2% in primary education, 7.3% in secondary education, and 3.5% pursuing tertiary education.

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

Montrose has 39 active public transport stops, operating from January 2021. These are served by a mix of buses along 16 routes, offering 1,807 weekly passenger trips in total. Transport accessibility is rated good, with residents usually located 368 meters from the nearest stop.

Service frequency averages 258 trips per day across all routes, equating to approximately 46 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 has below-average health outcomes, with common conditions more prevalent than average among both younger and older age groups.

Approximately 53% (~3,699 people) have private health cover, a rate higher than the average. Mental health issues affect 8.9% of residents, while asthma impacts 8.4%. About 66.8% report no medical ailments, slightly lower than Greater Melbourne's 66.9%. The area has 19.0% (1,314 people) aged 65 and over, roughly 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 showed cultural diversity below average levels, with 85.0% born in Australia, 92.7% being citizens, and 95.0% speaking English only at home. Christianity was the predominant religion, comprising 42.5%. Judaism stood out as overrepresented, making up 0.2%, compared to Greater Melbourne's 0.1%.

Top ancestry groups were Australian (31.2%), English (30.6%), and Scottish (8.0%). Dutch (3.8% vs regional 3.2%) Hungarian (0.4% vs 0.3%) and South African (0.5% vs 0.4%) ethnicities showed notable divergences in representation.

Montrose's population is slightly older than the national pattern

Montrose's median age is 41 years, significantly higher than Greater Melbourne's average of 37 and slightly above Australia's median of 38. Compared to Greater Melbourne, Montrose has a notably higher proportion of individuals aged 5-14 (14.2%) and a lower proportion aged 25-34 (10.3%). According to the 2021 Census, the 5-14 age group grew from 13.2% to 14.2%, while the 65-74 cohort declined from 10.1% to 9.1%. By 2041, demographic modeling suggests significant changes in Montrose's age profile. The 85+ cohort is projected to grow by 88%, adding 181 residents to reach 388. Residents aged 65 and older are expected to represent 60% of the population growth. Conversely, populations aged 0-4 and 35-44 are projected to decline.