Montmorency
Montmorency has doubled in value over 14 years (CAGR 5.1%, from $570,000 in 2013 to $1,150,000 in mid-2024), yet the latest reading sits 11.0% below the April-June 2023 peak of $1,292,500, indicating a correction that has not recovered. This price vulnerability coexists with strong socio-economic fundamentals: household income at the 78.1st percentile, IRSD decile 9, IER decile 9, and a crime rate of 27.2 per 1,000, among the lowest in this analysis. The suburb is 87.2% detached houses with 40.1% owned outright, a wealth-locked profile where long-term residents hold significant equity but turnover is low at 16.5%, limiting opportunities for new entrants.
Population
9,250
Median Age
41.0
Household IncomeiMedian weekly household income (ABS Census)
$2,076/wk
DAs (12 months)iDevelopment Applications lodged in the past year
12
Median House
$1.1M
Apr-Jun 2024
The $1,150,000 median (April-June 2024) is 11.0% below the $1,292,500 peak reached in mid-2023, creating a potential value window for buyers. Three-bedroom homes (52.6%) are the most common, followed by four-plus bedrooms (28.9%). Detached houses at 87.2% dominate, with semi-detached at 11.8% and apartments at just 1.0%. Monthly mortgage repayments of $2,167 produce a mortgage-to-income ratio of 24.1%, comfortably below the stress threshold. The 14-year CAGR of 5.1% is solid but not spectacular by Melbourne standards. With 40.1% owning outright and 42.3% mortgaged, the suburb is overwhelmingly owner-occupied. Car dependence is high at 87.9%.
For Buyers
The $1,150,000 median (April-June 2024) is 11.0% below the $1,292,500 peak reached in mid-2023, creating a potential value window for buyers. Three-bedroom homes (52.6%) are the most common, followed by four-plus bedrooms (28.9%). Detached houses at 87.2% dominate, with semi-detached at 11.8% and apartments at just 1.0%. Monthly mortgage repayments of $2,167 produce a mortgage-to-income ratio of 24.1%, comfortably below the stress threshold. The 14-year CAGR of 5.1% is solid but not spectacular by Melbourne standards. With 40.1% owning outright and 42.3% mortgaged, the suburb is overwhelmingly owner-occupied. Car dependence is high at 87.9%.
For Investors
The renter share of 17.6% is well below the national average, making Montmorency a thin rental market. Weekly rent of $420 against a $1,150,000 median produces a gross yield of approximately 1.9%, low by any benchmark. The vacancy rate of 5.1% is moderate. Only 9 development applications were lodged in 12 months, confirming minimal new supply. Population growth of 0.31% per year (52 persons) is sluggish, with overseas migration (126 net/year) offset by internal outflow of 100. The aging demographic (senior share up 5.1 points over the decade) suggests the rental market may gradually shift as older owners downsize.
Development Activity
Total DAs
18
Last 12 Months
12
YoY ChangeiYear-over-year change in DA lodgements
+300.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Montmorency iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
St Francis Xavier Primary School
Prep-6 · 382 students
Montmorency Primary School
Prep-6 · 415 students
Montmorency South Primary School
Prep-6 · 620 students
Montmorency Secondary College
7-12 · 1085 students
Demographics
English ancestry leads at 3,690, with Irish (1,405), Scottish (1,098), and Italian (757) forming a predominantly Anglo-Celtic community. Just 16.9% were born overseas, 4.7 points below the national average, making Montmorency one of the least multicultural suburbs in this dataset. University qualifications at 44.9% are 14.8 points above national, consistent with IEO decile 8. Mandarin (63), Italian (50), and Greek (34) are the top non-English languages, all in small numbers. Average household size of 2.5 matches the national figure. Couples with children (3,500) outnumber couples without (2,000), confirming the family orientation.
Age Distribution
Bedrooms
Dwelling Structure
87.2%
Houses
11.8%
Townhouse
1.0%
Apartment
Tenure
Ownership rates are high: 40.1% outright and 42.3% mortgaged, with renters at just 17.6%, well below the national average. The stock is 87.2% detached, 11.8% semi-detached, and just 1.0% apartment. Three-bedroom homes at 52.6% are the dominant type. Over 14 years, the median grew from $570,000 to $1,150,000 (5.1% CAGR, 101.8% total), but peaked at $1,292,500 in mid-2023 before correcting 11.0%. Mortgage-to-income at 24.1% and rent-to-income at 20.2% are both comfortable, reflecting the strong income base at the 78.1st percentile.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,167
Rent / wk
$420
HH Size
2.5
Personal Income / wk
$964
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
5.1%
Unoccupied
192
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
20.2%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
24.1%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
25.5%
Couples, no children
7,857
Total families
Economy & Employment
Healthcare leads at 17.6% (611 workers), followed by Education at 15.6% (541), Professional/Tech at 12.5% (435), Construction at 11.3% (393), and Public Admin at 9.0% (313). The Education share of 15.6% is notably high, possibly reflecting proximity to schools and La Trobe University. Professionals (1,469) dominate occupations, with Managers (739) and Clerical/Admin (663) following. The unemployment rate of 3.7% is below the national average, and participation at 62.5% is solid. SEIFA IRSAD decile 8 and IER decile 9 confirm strong economic resources, a reading consistent with high home-ownership rates.
Unemployment
2.3%
Labour Force
9,696
Unemployed
222
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
61.9%
Part-time
34.4%
Participation
62.5%
Employed
4,447
Occupations
Top Industries
University
44.9%
Postgraduate
12.0%
Born Overseas
16.9%
Dwellings
3,541
Transport to Work
The crime rate of 27.2 per 1,000 is among the lowest in this batch. Property offences (139) lead, followed by justice procedures (55) and crimes against the person (36). Four schools serve the suburb, all above the 1,000 ICSEA benchmark. St Francis Xavier Primary (Catholic, ICSEA 1,122, 382 students), Montmorency Primary (Government, ICSEA 1,117, 415 students), and Montmorency South Primary (Government, ICSEA 1,112, 620 students) provide primary options. Montmorency Secondary College (Government, ICSEA 1,083, 1,085 students) handles secondary. Transport is car-dominant at 87.9%, with public transport at 4.7%. IRSAD decile 8 and IRSD decile 9 confirm above-average advantage.
Drive
87.9%
Public Transport
4.7%
Walk / Cycle
3.4%
Work from Home
N/A
Population Forecast
+0.31%/yr
(+52 people/yr)
EstablishedPopulation grows at just 0.31% per year (52 persons), one of the slowest in this analysis. The 10-year change of 5.8% is below the national average. Overseas migration (126 net/year) provides the primary inflow, offset by net internal outflow of 100 per year. The aging trajectory is pronounced: the senior share grew 5.1 percentage points while the working-age share contracted by 4.3 points over the decade. The medium forecast projects 17,325 by 2031, up marginally from 17,042 in 2025. Gentrification is not occurring (score 0), as the suburb is already established and high-income. Affordability improved slightly from 45.5% to 43.4% over the decade.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+126
Net Internal / yr
-100
Gentrification Signal
Not gentrifying
Net internal outflow -100/yr
Safety & Crime
Total Offences
252
Year ending June 2024
Rate per 1,000 People
27.2
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Montmorency compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Montmorency a good suburb to live in?
Montmorency is strong for families: 87.2% detached housing, 4 schools all above ICSEA 1,000, a crime rate of 27.2 per 1,000 (among the lowest in this batch), and IRSD decile 9. Household income sits at the 78.1st percentile with mortgage-to-income at 24.1%. The trade-off is car dependence (87.9% drive) and a $1,150,000 median that, while below its 2023 peak, remains a high entry point.
What is the median house price in Montmorency?
The median is $1,150,000 (April-June 2024), 11.0% below the $1,292,500 peak in mid-2023. Over 14 years, it grew from $570,000 at a 5.1% CAGR. Monthly mortgage repayments are $2,167 with a mortgage-to-income ratio of 24.1%. Median weekly rent is $420.
What schools are in Montmorency?
Four schools serve the suburb, all above the national ICSEA benchmark. St Francis Xavier Primary (Catholic, ICSEA 1,122, 382 students), Montmorency Primary (Government, ICSEA 1,117, 415 students), and Montmorency South Primary (Government, ICSEA 1,112, 620 students) cover primary. Montmorency Secondary College (Government, ICSEA 1,083, 1,085 students) provides secondary education.
Is Montmorency safe?
The crime rate of 27.2 per 1,000 population (252 total offences) is among the lowest in this analysis. Property and deception offences (139) dominate, followed by justice procedures (55) and crimes against the person (36). IRSD decile 9 indicates low disadvantage. The 83.5% residential stability rate is high, consistent with a settled family community.
Is Montmorency good for property investment?
Gross yield is approximately 1.9% ($420/week on $1,150,000), low by any standard. The renter share of 17.6% is thin, limiting tenant demand. Only 9 DAs in 12 months mean minimal new supply. The 14-year CAGR of 5.1% is solid, but the 11.0% correction from the 2023 peak shows price volatility. Population growth of 0.31% per year offers limited demand-side support.
How is Montmorency's population changing?
Growth is slow at 0.31% per year (52 persons). The senior share expanded 5.1 percentage points over the decade while the working-age share contracted 4.3 points, confirming an aging trajectory. Overseas migration (126 net/year) is offset by internal outflow (100/year). Medium projection reaches 17,325 by 2031, only marginally above the current 17,042.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
Explore Montmorency on the Map
View parcels, zoning overlays, DA applications, schools and more.
Open Interactive Map