Vermont

Vermont has seen population growth performance typically on par with national averages when looking at short and medium term trends

The estimated population of the suburb of Vermont is around 11,372 as of Feb 2026. This figure reflects an increase of 379 people from the 2021 Census, which reported a population of 10,993. This change is inferred from AreaSearch's estimation of the resident population at 11,353 following examination of the latest ERP data release by the ABS in June 2024, along with an additional 38 validated new addresses since the Census date. The population density ratio is 2,466 persons per square kilometer, placing Vermont in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, Vermont has demonstrated a compound annual growth rate of 0.7%, outpacing the SA3 area. Population growth was primarily driven by overseas migration.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023, adjusted employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on aggregated SA2-level projections, the suburb is expected to grow by 1,139 persons to 2041, reflecting an increase of 9.8% in total over the 17-year period.

Residential development activity is lower than average in Vermont according to AreaSearch's national comparison of local real estate markets

Vermont has recorded approximately 36 residential properties granted approval each year based on AreaSearch analysis of ABS building approval numbers. This totals an estimated 181 homes over the past five financial years, from FY-21 to FY-25. So far in FY-26, 14 approvals have been recorded. On average, 0.5 new residents per year per dwelling constructed were recorded during this period.

The average construction value of new dwellings is $689,000, indicating a focus on the premium segment with upmarket properties. This financial year has seen $2.4 million in commercial approvals, suggesting the area's residential character. When compared to Greater Melbourne, Vermont has similar development levels per person, maintaining market equilibrium consistent with surrounding areas. However, this activity is below average nationally, reflecting the area's maturity and possible planning constraints.

New development consists of 69% standalone homes and 31% townhouses or apartments, offering choices across price ranges. The location has approximately 402 people per dwelling approval, indicating an established area. According to AreaSearch's latest quarterly estimate, Vermont is expected to grow by 1,120 residents through to 2041. Construction pace is maintaining with projected growth, but buyers may face growing competition as population increases.

Vermont has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Local infrastructure changes significantly influence an area's performance. AreaSearch has identified six projects likely impacting this region. Key projects are Vermont Reserve Pavilion Redevelopment, Vermont Inc, Forest Ridge, and The Green Hill. Below is a list detailing those most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis reveals Vermont significantly outperforming the majority of regions assessed nationwide

Vermont has a highly educated workforce with professional services well represented. Its unemployment rate was 2.2% in the past year, showing an estimated growth of 1.5%. As of September 2025, 5808 residents are employed at an unemployment rate of 2.5%, lower than Greater Melbourne's 4.7%.

Workforce participation is 65.5%, compared to Greater Melbourne's 71.0%. Home workership stands at 38.5%. Dominant sectors include health care & social assistance, education & training, and professional & technical services. Education & training has a strong representation with an employment share of 1.2 times the regional level.

Transport, postal & warehousing is under-represented at 2.9% compared to Greater Melbourne's 5.2%. Employment opportunities appear limited locally based on Census data. Over the year ending September 2025, employment increased by 1.5%, labour force rose by 1.1%, and unemployment fell by 0.4 percentage points. In contrast, Greater Melbourne saw employment grow by 3.0% while unemployment rose slightly. National employment forecasts from May-25 project growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Vermont's employment mix suggests local employment should increase by 6.9% over five years and 14.1% over ten years, though this is a simple extrapolation for illustrative purposes only.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

In financial year 2023, Vermont suburb had median taxpayer income of $52,575 and average income of $72,523. Nationally, these figures were $57,688 and $75,164 respectively. By September 2025, estimated median and average incomes would be approximately $56,912 and $78,506, based on Wage Price Index growth of 8.25%. According to 2021 Census figures, Vermont's household income ranked at the 68th percentile ($2,042 weekly) and personal income at the 49th percentile. In income distribution, 31.4% of locals (3,570 people) fell into the $1,500 - 2,999 category, similar to broader area's 32.8%. Higher earners constituted 30.1%, indicating strong purchasing power. After housing expenses, 85.0% of income remained for other expenses. The suburb's SEIFA income ranking placed it in the 8th decile.

Vermont is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Vermont's housing composition, as per the latest Census, was 79.7% houses and 20.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had a composition of 67.9% houses and 32.1% other dwellings. Home ownership in Vermont stood at 40.1%, with the rest being mortgaged (40.7%) or rented (19.2%). The median monthly mortgage repayment was $2,383, higher than Melbourne metro's average of $2,000. The median weekly rent figure was $426, compared to Melbourne metro's $390. Nationally, Vermont's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Vermont features high concentrations of family households, with a higher-than-average median household size

Family households compose 78.6% of all households, including 43.7% couples with children, 23.3% couples without children, and 10.6% single parent families. Non-family households account for 21.4%, with lone person households at 19.6% and group households comprising 1.8%. The median household size is 2.8 people, larger than the Greater Melbourne average of 2.6.

Vermont demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Vermont's educational attainment significantly exceeds broader benchmarks. As of a specific date, 42.1% of its residents aged 15+ held university qualifications, compared to Australia's 30.4% and the SA4 region's 31.2%. This educational advantage positions Vermont strongly for knowledge-based opportunities. Bachelor degrees were the most prevalent at 26.3%, followed by postgraduate qualifications (11.9%) and graduate diplomas (3.9%).

Trade and technical skills were also prominent, with 25.5% of residents aged 15+ holding vocational credentials – advanced diplomas (11.8%) and certificates (13.7%). Educational participation was notably high, with 32.5% of residents currently enrolled in formal education. This included 11.6% in primary education, 9.4% in secondary education, and 5.5% pursuing tertiary education.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Vermont has 50 active public transport stops operating within the state. These stops serve a mix of bus routes, totaling 15 individual routes that facilitate 1,824 weekly passenger trips. The accessibility of these transport services is rated as excellent, with residents typically living just 198 meters away from their nearest stop. As a primarily residential area, most commuters travel outward, with cars being the dominant mode of transportation at 87%. Train usage accounts for 8% of commutes. On average, there are 1.5 vehicles per dwelling in Vermont, which is above the regional average.

According to the 2021 Census, a high proportion of residents, 38.5%, work from home, potentially due to COVID-19 conditions. The service frequency across all routes averages 260 trips per day, equating to approximately 36 weekly trips per individual stop.

Vermont's residents are extremely healthy with younger cohorts in particular seeing very low prevalence of common health conditions

Vermont's health metrics show strong performance across various indicators.

Mortality rates and chronic condition prevalence are low, particularly among younger cohorts. Private health cover is high at approximately 55%, covering around 6,309 people. The most common medical conditions are asthma (7.3%) and arthritis (6.4%). A total of 73.5% of residents report no medical ailments, compared to 72.6% in Greater Melbourne. Vermont has 19.0% of residents aged 65 and over (2,160 people), higher than Greater Melbourne's 15.1%. While health outcomes among seniors are above average, they rank lower nationally than those of the broader population.

Vermont is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Vermont has a high level of cultural diversity, with 38.5% of its population born overseas and 38.9% speaking a language other than English at home. Christianity is the dominant religion in Vermont, making up 41.8% of the population. However, Buddhism is more prevalent in Vermont compared to Greater Melbourne, comprising 4.7% versus 4.2%.

The top three represented ancestry groups are English (19.9%), Chinese (18.1%), and Australian (18.0%). Notably, Sri Lankan, Hungarian, and Russian ethnicities are overrepresented in Vermont compared to regional averages: Sri Lankan at 1.0% versus 0.8%, Hungarian at 0.4% versus 0.3%, and Russian at 0.5% versus 0.4%.

Vermont's population is slightly older than the national pattern

Vermont's median age is 40, which is slightly higher than Greater Melbourne's figure of 37 and Australia's national average of 38 years. Comparing the two regions, Vermont has a notably higher proportion of individuals aged 5-14 (16.1%) but fewer people aged 25-34 (7.0%). Between 2021 and present, Vermont's population aged 15 to 24 increased from 11.8% to 13.1%, while the 25 to 34 age group decreased from 8.5% to 7.0%. The 0 to 4 age group also saw a decline, dropping from 5.1% to 3.9%. By 2041, demographic projections suggest significant changes in Vermont's age profile. Notably, the 45 to 54 age cohort is expected to expand by 381 people (23%), growing from 1,626 to 2,008 individuals. Conversely, both the 0 to 4 and 35 to 44 age groups are projected to decrease in number.