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ABS 2021 Census · Updated 21 May 2026
Monbulk is a regional centre in Victoria, Australia, with a population of approximately 3,651, making it a boutique locality. Located approximately 41 km from the Melbourne CBD, Monbulk is a regional area in Victoria. The median household income is $89,544 per year.
Household incomes in Monbulk sit in a comfortable mid-range for the Victoria market. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.
Official Australia Post postcode for Monbulk. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Monbulk on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Monbulk is a smaller community of 3,651 — about 49% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Household income of $89,544/year is 6% below the Victoria median of $95,160, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Rent of $369/week (83% coverage of the $1,915/month median mortgage) leaves a gap of roughly $316/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 41 km from Melbourne, Monbulk is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price.
Regional property can deliver strong cash-flow yields but liquidity is tighter — plan for longer hold periods and verify local employment stability. Local rents consume roughly 21% of household income — a useful sanity check on tenant affordability.
How Monbulk stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Monbulk sits above the state median; negative means below.
| Metric | Monbulk | VIC median | Δ vs state |
|---|---|---|---|
| Population | 3,651 | 7,416 | -51% |
| Median household income | $89,544/yr | $95,160/yr | -6% |
| Median rent (weekly) | $369 | $380 | -3% |
| Median mortgage (monthly) | $1,915 | $1,950 | -2% |
| Distance to CBD | 41 km | 32 km | +28% |
| Separate houses | 91% | 78% | +13pp |
Pre-inspection briefing for Monbulk — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Monbulk's 3,651-person market and $89,544 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Moderate rental coverage: rent of $369/week covers 83% of a $1,915/month mortgage, leaving a $316/month gap that an investor bridges with equity, depreciation and tax benefits.
With 91% houses in a 3,651-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Monbulk property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Monbulk are modest for 2026 — incomes 6% below the VIC median of $95,160 and a population of 3,651 suggest gains will lag headline metro markets. Rental coverage runs at ~83% of the typical mortgage ($1,599/month rent vs $1,915/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 53/100 places Monbulk in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Monbulk scores 53/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 3,651, median household income of $89,544/year and median weekly rent of $369. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Monbulk are a median household income of $89,544/year, a dwelling mix that is 91% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Monbulk has a usual resident population of approximately 3,651, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Monbulk sits 41 km straight-line from the Melbourne CBD. This is an outer-metro location; local employment and infrastructure announcements tend to move prices more than CBD connectivity alone.
The most recent census recorded a median weekly rent of $369 in Monbulk, equating to approximately $19,188/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Monbulk is $1,915, or approximately $22,980/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $369 works out to $1,599/month, covering 83% of the median mortgage repayment of $1,915/month. That leaves a $316/month shortfall (around $3,792/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (3,651 residents), interest-rate sensitivity on the $1,915 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.