Mont Albert North (Vic.)

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Based on analysis of ABS population updates for the broader area, and new addresses validated by Districts since the Census the suburb of Mont Albert North's population is estimated at around 6,422 as of May 2026. This reflects an increase of 813 people (14.5%) since the 2021 Census, which reported a population of 5,609 people. The change is inferred from the resident population of 6,409, estimated by Districts following examination of the latest ERP data release by the ABS (June 2025) and an additional 92 validated new addresses since the Census date. This level of population equates to a density ratio of 2,973 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by Districts. Mont Albert North's 14.5% growth since the 2021 census exceeded the SA4 region (8.9%), along with the state, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately of overall population gains during recent periods.

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Mont Albert North boasts a highly educated labor force where professional services hold a strong position, alongside an unemployment rate of just 3.7% and an estimated employment growth of 3.6% over the last year according to Districts aggregation of statistical area data. By March 2026, 3,478 residents are employed while the local unemployment rate sits 1.1% below Greater Melbourne's 4.8%, and workforce participation is somewhat below standard at 66.6% compared to Greater Melbourne's 70.2%. Census data reveals that a high 43.2% of residents were working from home, although Covid-19 lockdown impacts should be considered.

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Based on compiled tax data from the ATO for financial year 2023, taxpayers in the suburb of Mont Albert North recorded a median income of $56,220 and an average income of $83,059. This ranks among the highest tiers nationwide, comparing to median and average figures of $57,688 and $75,164 across Greater Melbourne. Accounting for a 9.62% increase in the Wage Price Index since financial year 2023, current estimates for March 2026 point to a median of roughly $61,628 and an average of $91,049. Data from the 2021 Census places household, family, and individual earnings in Mont Albert North around the 72nd percentile across the nation. Income distribution figures show that the weekly earnings bracket of $1,500 - 2,999 contains 26.0% of the local population, or 1,669 individuals, compared to of the broader region in the same bracket. The area reflects high affluence, with of residents earning weekly incomes exceeding which helps support high-end retail and local services. High housing costs account for of total income, yet strong earnings keep disposable income levels at the th percentile, placing the suburb in the th decile for SEIFA income rankings.

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Dwelling classifications in Mont Albert North at the time of the last Census consisted of 63.5% standalone houses and 36.5% alternative housing types, such as townhouses and apartments, compared to metro Melbourne where standalone houses made up 67.9% and alternative options made up 32.1%. The level of home ownership in Mont Albert North stood well above the metropolitan Melbourne average at 43.7%, with the remaining properties being held under a mortgage (36.3%) or occupied by tenants (20.0%). The median monthly payment for mortgages in this suburb was recorded at $2,817, which is notably higher than the metro Melbourne average of $2,000, while the median weekly rental cost was $500 compared to the metropolitan average of $390. Across the country, mortgage commitments in Mont Albert North are considerably higher than the national median of $1,863, and typical rent levels are significantly above the Australian median of $375.

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Families make up the majority of households at 75.9%, which includes 39.1% couples with children, 24.6% couples without children, and 10.8% single parent households. The remaining 24.1% consists of non-family households, with single-person households representing 22.0% and group housing accounting for 2.3% of the total. The typical household size is 2.7 residents, which is slightly larger than the Greater Melbourne average of 2.6.

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The level of education in Mont Albert North is substantially higher than regional and national averages, with 49.9% of residents aged 15 and over holding a university degree, compared to 30.4% nationally and 33.4% across VIC. This high level of educational attainment sets the area up well for knowledge-intensive employment. Bachelor degrees are the most common at 30.1%, followed by postgraduate degrees at 14.2% and graduate diplomas at 5.6%. Vocational qualifications are held by 20.4% of the population aged 15 and older, consisting of advanced diplomas at 10.8% and certificates at 9.6%.

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Analysis of transit options indicates there are 30 active public transport stops operating in Mont Albert North, consisting entirely of bus services. These stops are connected by 8 distinct routes, which combine to support 1,068 passenger journeys each week. Public transit access is considered good, with the average resident living 227 meters from the nearest stop. Due to the suburban character of the area, most workers commute out of the suburb, with private vehicles serving as the primary mode of travel for 84% of commuters, while 6% travel by train. Household vehicle ownership averages 1.4 cars per home. A high proportion of residents, 43.2%, work from home, according to the 2021 Census, which may be influenced by pandemic conditions.

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Public health records indicate highly positive health outcomes in Mont Albert North, as measured by low rates of mortality and chronic conditions, particularly among younger residents. The proportion of residents with private health insurance is remarkably high, encompassing approximately 60% of the population, or 3,826 people, compared to 56.7% across the Greater Melbourne area.

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Mont Albert North exhibits high cultural diversity, with 35.1% of its residents born in other countries and 33.7% using a non-English language at home. Christianity is the primary religion, followed by 43.2% of the local population. The most notable religious overrepresentation is Buddhism, which is practiced by 4.8% of the community compared to 4.2% across Greater Melbourne.

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The median age of 43 in Mont Albert North is significantly higher than both the Greater Melbourne average of 37 and the national average of 38. The age distribution reveals a high concentration of residents aged 65 - 74 at 10.7%, while the 25 - 34 age bracket is smaller at 9.2% than in Greater Melbourne. Since 2021, the 15 to 24 age group has expanded from 13.1% to 14.6% of the population, and the 75 to 84 cohort has grown from 6.0% to 7.1%. Conversely, the 5 to 14 age group has shrunk from 13.6% to 11.7%, and the to bracket has decreased from to . Demographic projections for point to major shifts in the local age profile. The to cohort is expected to grow significantly, rising by people () from to . Residents aged and over will account for of all population growth, highlighting the aging profile of the suburb. In contrast, the number of children aged to is projected to decrease by people.

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Mont Albert North currently has an estimated 256 children under 5 years old, comprising approximately 165 children aged 0-2 and 109 children aged 3-4. This cohort grew by an estimated 2% since the previous census. while population forecasts indicate future growth, with an anticipated increase of 2% by 2041 (to approximately 262 children). Meanwhile the 5-12 cohort currently amounts to 538. While growth has been positive birth rates observed in the area have been moderate, with approximately 8.4 births per 1,000 residents recorded over the latest two-year period analysed which ranks the area among the bottom 30% of areas assessed nationally. This rate has slowed down slightly in recent years however.