Mont Albert (Vic.)

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According to the evaluation of ABS demographic updates for the surrounding region, combined with address records verified by Districts subsequent to the Census, the suburb of Mont Albert has an estimated residency of approximately 5,346 as of May 2026. This represents an expansion of 398 individuals (8.0%) from the 2021 Census, when the count was 4,948 people. The calculation is based on a resident population of 5,341, calculated by Districts using the most recent ABS ERP publication (June 2025) along with address verification post-Census. Such a population size results in a density of 3,144 persons per square kilometer, placing the locality in the top quarter of national areas analyzed by Districts. The post-census growth rate of 8.0% in the suburb of Mont Albert is within 0.9 percentage points of the wider SA4 region (8.9%), indicating strong local demand. Population increases in the area were largely underpinned by arrivals from abroad, who accounted for about 97.0% of the total demographic growth in recent times.

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The suburb of Mont Albert has a highly qualified workforce, with a strong concentration in professional services, an unemployment rate of just 3.5%, and an estimated employment expansion of 2.7% over the preceding year, according to Districts data compiled from statistical areas. In March 2026, there were 3,183 employed residents, with the local unemployment rate sitting 1.3% below the Greater Melbourne average of 4.8%, while the rate of workforce participation matched the Greater Melbourne level of 70.2%. Census data indicates that a substantial 47.1% of working residents performed their jobs from home, though this figure may have been affected by COVID-19 pandemic restrictions.

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The most recent postcode-level ATO data from Districts for the financial year 2023 indicates that incomes in the suburb of Mont Albert are exceptionally high on a national scale, with a median of $62,082 and an average of $104,519. In comparison, Greater Melbourne recorded a median of $57,688 and an average of $75,164. Adjusting for a 9.62% increase in the Wage Price Index since the financial year 2023 yields current estimated figures of approximately $68,054 for the median and $114,574 for the average as of March 2026. The 2021 Census confirms that household, family, and individual incomes in the suburb of Mont Albert are all highly ranked, placing in the 83rd to 84th percentiles across the nation. Income distribution data shows that the cohort earning between $1,500 and $2,999 weekly comprises of the local population ( individuals), which is comparable to the wider region where this group accounts for . A notable of residents earn more than per week, indicating pockets of high wealth that support local business activity. Residents retain of their income after paying for housing, showing strong discretionary spending capacity, and the area is positioned in the th decile on the SEIFA index for income.

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According to the most recent Census, the mix of dwelling types in the suburb of Mont Albert stood at 53.8% detached houses and 46.2% other housing options including semi-detached properties, apartments, and alternative structures, compared to 67.9% houses and 32.1% other housing types across the Melbourne metropolitan area. Home ownership in the suburb of Mont Albert was significantly higher than the metropolitan benchmark at 41.3%, with the remaining properties being purchased under a mortgage (30.8%) or occupied by tenants (28.0%). The median monthly mortgage payment in the locality was $2,500, which is well above the Melbourne metropolitan average of $2,000, while the median weekly rent was recorded at $451 compared to the metropolitan median of $390. On a national level, mortgage costs in the suburb of Mont Albert are considerably higher than the Australian median of $1,863, and rental costs are also well above the national figure of $375.

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Families make up the majority of households at 71.9%, consisting of couples with children at 33.2%, couples without children at 28.2%, and single parents at 9.0%. The remaining 28.1% are non-family households, with single-person households representing 25.2% and group houses accounting for 2.8% of the total. The median household size is 2.5 people, which is slightly below the Greater Melbourne average of 2.6.

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The level of education in the suburb of Mont Albert is considerably higher than regional and national benchmarks, with 55.6% of residents aged 15+ holding a university degree, compared to 30.4% in Australia and 33.4% in Victoria. This educational advantage leaves the community well-placed to access knowledge-based employment. Among these qualifications, bachelor degrees are the most common at 33.1%, followed by postgraduate degrees at 16.7% and graduate diplomas at 5.8%. Vocational education accounts for 18.9% of qualifications among residents aged 15+, which includes advanced diplomas at 11.1% and certificates at 7.8%.

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An evaluation of public transport options shows 26 active stops within the suburb of Mont Albert, consisting of a combination of light rail and bus services. These stops are served by 7 distinct routes that generate 3,857 passenger journeys weekly. Transit accessibility is excellent, with residents living an average of 158 meters from their nearest stop. Because the area is mostly residential, the majority of workers travel outward, with private vehicles remaining the primary mode of travel at 81%, followed by trains at 10% and walking at 4%. Dwellings have an average of 1.3 motor vehicles. A significant proportion of residents, 47.1%, worked from home, according to the 2021 Census, which may have been influenced by COVID-19 rules.

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Assessments of mortality rates and the prevalence of chronic illnesses by Districts indicate excellent health profiles throughout the suburb of Mont Albert, characterized by very low rates of common medical conditions across all age brackets. The rate of private health insurance is exceptionally high, covering approximately 68% of the population (3,632 people), compared to 56.7% for Greater Melbourne and a national benchmark of 55.7%.

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The suburb of Mont Albert exhibits greater cultural diversity than most local areas, with 32.9% of residents born outside Australia and 28.0% speaking a non-English language at home. Christianity is the primary religion, followed by 43.0% of the population. The most prominent religious overrepresentation is Buddhism, which is practiced by 2.9% of residents compared to 4.2% in Greater Melbourne.

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The median age in the suburb of Mont Albert is 42, which is notably higher than the Greater Melbourne average of 37 and the national average of 38. The 65 - 74 demographic is strongly represented at 11.7% of the population, whereas the 25 - 34 cohort is less common at 12.5%. Post-2021 Census data shows the 75 to 84 age group expanded from 5.6% to 7.6% of the population, while the 15 to 24 cohort grew from 13.6% to 15.2%. In contrast, the 5 to 14 cohort decreased from 10.5% to 9.6%. Projections for 2041 indicate significant age shifts in the suburb of Mont Albert, led by a increase in the to group, which is expected to rise from to residents (an increase of people). Conversely, the to and to age brackets are projected to decline.

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Mont Albert currently has an estimated 171 children under 5 years old, comprising approximately 116 children aged 0-2 and 76 children aged 3-4. This cohort declined by an estimated 11% since the previous census. while population forecasts indicate future decline, with an anticipated decrease of 2% by 2041 (to approximately 167 children). Meanwhile the 5-12 cohort currently amounts to 457. Birth rates in the area have averaged 6.0 per 1,000 residents over the latest two-year period, a low rate (among the bottom 20% of areas assessed nationally). This rate has slowed down slightly in recent years however.