Mont Albert, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Mont Albert
VICCensus 2021 · Population 4,956
Mont Albert is a suburb with a population of 4,956, characterized by a median age of 42, which is slightly higher than the Victorian average of 38. The suburb has a balanced gender distribution with 47.2% males and 52.8% females. It has a significant proportion of families, with 46.0% being couples with children and 39.9% being couples without children. The area is known for its high level of education, with 51.5% of residents holding a bachelor's degree or higher, compared to the Victorian average of 29.2%. The suburb also has a high median household income of $2,324 per week, well above the Victorian average of $1,759.
Key Highlights
- Highly educated population - 51.5% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,324 per week (vs VIC $1,759)
- Significant work-from-home culture - 41.7% (vs VIC 25.7%)
- Owner-dominated housing - 39.8% owned outright
- Low unemployment rate - 4.6% (vs VIC 5.0%)
Things to Consider
- Higher median age may not appeal to younger demographics
- Limited public transport usage at 5.9%
- Higher housing costs with median weekly rent at $451
- Lower percentage of separate houses compared to VIC average
- High percentage of high-income households may affect affordability
What's it like living here?
Daily life in Mont Albert is characterized by a strong sense of community and a family-friendly environment. Many residents work from home, with 41.7% doing so, significantly higher than the Victorian average of 25.7%. Commuting is facilitated by a mix of car use and public transport, though only 5.9% use public transport, reflecting a preference for working from home. The suburb has a mix of housing types, with a predominance of separate houses and townhouses, and a high rate of home ownership.