Vermont

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

The population of the suburb of Vermont is estimated at approximately 11,372 as of February 2026. This figure represents an increase of 379 people since the 2021 Census, which reported a population of 10,993. The recent resident population estimate of 11,353 by AreaSearch, following examination of the latest ERP data release by the ABS in June 2024, and an additional 38 validated new addresses since the Census date, contributes to this increase. This population density equates to approximately 2,466 persons per square kilometer, placing Vermont in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, from 2011 to 2021, Vermont has demonstrated a compound annual growth rate of 0.7%, outpacing the SA3 area. Population growth was primarily driven by overseas migration during this period.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. 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 these aggregated SA2-level projections, the suburb of Vermont is expected to grow by approximately 1,141 persons to reach a total population of around 12,513 by the year 2041, reflecting an increase of approximately 9.9% 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. Over the past five financial years, totalling an estimated 181 homes have been approved. As of FY-26, 14 approvals have been recorded. On average, 0.5 new residents per year per dwelling constructed have been observed between FY-21 and FY-25.

This indicates that new supply is keeping pace with or exceeding demand, offering ample buyer choice and creating capacity for population growth beyond current forecasts. The average value of new dwellings developed is $689,000, suggesting a focus on the premium segment with upmarket properties. In FY-26, there have been $2.4 million in commercial approvals, reflecting the area's residential character. When compared to Greater Melbourne, Vermont has similar development levels per person, preserving market equilibrium consistent with surrounding areas.

This activity is below average nationally, indicating the area's maturity and possible planning constraints. New development consists of 69.0% standalone homes and 31.0% townhouses or apartments, offering choices across price ranges from spacious family homes to more compact options. The location has approximately 402 people per dwelling approval, reflecting an established area. According to the latest AreaSearch quarterly estimate, Vermont is expected to grow by 1,122 residents through to 2041. Construction is maintaining a reasonable pace with projected growth, although buyers may encounter growing competition as population increases.

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

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified six projects expected to influence the region. Notable initiatives include Vermont Reserve Pavilion Redevelopment, Vermont Inc., Forest Ridge, and The Green Hill. The following details projects likely to have the greatest impact.

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

Vermont has a highly educated workforce with strong professional services representation. The unemployment rate was 2.4% in the past year, showing an estimated employment growth of 1.7%. As of December 2025, 5,823 residents were employed, with an unemployment rate of 2.3%, below Greater Melbourne's 4.8%.

Workforce participation was 65.5%, compared to Greater Melbourne's 71.3%. Home workership stood at 38.5%. Dominant sectors included health care & social assistance, education & training, and professional & technical services. Education & training showed strong specialization with an employment share of 1.2 times the regional level.

Transport, postal & warehousing was under-represented at 2.9% compared to Greater Melbourne's 5.2%. Over the year to December 2025, employment increased by 1.7%, labour force by 1.6%, keeping unemployment stable. In contrast, Greater Melbourne saw employment grow by 2.4%, labour force expand by 2.8%, and unemployment rise by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest national employment growth of 6.6% over five years and 13.7% over ten years, with local projections estimating Vermont's employment increase at 6.9% over five years and 14.1% over ten years.

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 a median income among taxpayers of $52,575 and an average income of $72,523. These figures are higher than national averages of $57,688 and $75,164 respectively in Greater Melbourne. By September 2025, estimated median income is approximately $56,912 and average income is $78,506, based on an 8.25% growth since financial year 2023. According to the 2021 Census, household income ranks at the 68th percentile ($2,042 weekly) and personal income at the 49th percentile. The predominant income cohort in Vermont is 31.4%, or 3,570 people, earning between $1,500 and $2,999 weekly. Higher earners exceeding $3,000 weekly make up a substantial 30.1% of the population. After housing expenses, 85.0% of income remains for other expenses. The suburb's SEIFA income ranking places it in the 8th decile.

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

In Vermont's latest Census evaluation, 79.7% of dwellings were houses, with 20.3% being other types such as semi-detached homes, apartments, or 'other' dwellings. This compares to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Vermont stood at 40.1%, with mortgaged dwellings at 40.7% and rented ones at 19.2%. The median monthly mortgage repayment in the area was $2,383, higher than Melbourne metro's $2,000. The median weekly rent figure in Vermont was $426, compared to Melbourne metro's $390. Nationally, Vermont's mortgage repayments were significantly higher at $2,383 versus the Australian average of $1,863, and rents were substantially above the national figure of $375 at $426.

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

Family households account for 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 constitute the remaining 21.4%, with lone person households at 19.6% and group households comprising 1.8%. The median household size is 2.8 people, which is 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 2021, 42.1% of its residents aged 15 and above hold university qualifications, compared to Australia's 30.4% and the SA4 region's 31.2%. This substantial educational advantage positions Vermont strongly for knowledge-based opportunities. Bachelor degrees are most prevalent at 26.3%, followed by postgraduate qualifications (11.9%) and graduate diplomas (3.9%).

Trade and technical skills are also prominent, with 25.5% of residents aged 15 and above holding vocational credentials – advanced diplomas (11.8%) and certificates (13.7%). Educational participation is notably high, with 32.5% of residents currently enrolled in formal education as of the latest data available. This includes 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, all of which are bus stops. These are served by 15 different routes that together facilitate 1,824 weekly passenger trips. The accessibility of these stops is rated as excellent, with residents typically living just 198 meters from the nearest one. Most commuting in this primarily residential area is outward-bound, with cars being the dominant mode of transport at 87%. Only 8% use trains. On average, there are 1.5 vehicles per dwelling, which is higher than the regional average.

According to the 2021 Census, 38.5% of residents work from home, a figure that may be influenced by COVID-19 conditions. The service frequency averages 260 trips per day across all routes, 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

Analysis of health metrics shows strong performance throughout Vermont, based on AreaSearch's assessment.

Mortality rates and chronic condition prevalence were found to be low, particularly among younger cohorts. Approximately 65% of residents had private health cover, equating to around 7,309 people. The most common medical conditions were asthma and arthritis, affecting 7.3% and 6.4% of residents respectively. Around 73.5% of residents declared themselves free from medical ailments, compared to 72.6% across Greater Melbourne. Vermont has a higher proportion of seniors aged 65 and over at 19.2%, with 2,183 people falling into this category, compared to 15.1% in Greater Melbourne. Health outcomes among seniors were above average but ranked 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 main religion in Vermont, comprising 41.8% of people. Buddhism is overrepresented in Vermont compared to Greater Melbourne, making up 4.7% versus 4.2%.

The top three 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. The 5-14 age cohort in Vermont is notably over-represented at 16.2%, compared to the Greater Melbourne average, while the 25-34 age group is under-represented at 7.0%. Between 2021 and present, the 15 to 24 age group has increased from 11.8% to 13.1% of the population. Conversely, the 25 to 34 cohort has declined from 8.5% to 7.0%, and the 0 to 4 age group has dropped from 5.1% to 3.9%. Demographic projections suggest Vermont's age profile will change significantly by 2041. The 45 to 54 age cohort is projected to expand by 382 people (24%), growing from 1,626 to 2,009. Conversely, both the 0 to 4 and 35 to 44 age groups are expected to decrease in number.