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 Vermont statistical area, as estimated by AreaSearch based on ABS data and new addresses validated since the 2021 Census, is around 11,372 as of November 2025. This figure reflects an increase of 379 people (3.4%) from the population reported in the 2021 Census, which was 10,993 people. The estimated resident population of 11,353, derived 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, indicates this growth. This results in a density ratio of 2,466 persons per square kilometer, placing Vermont in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, from 2015 to 2025, Vermont has shown resilient growth patterns with a compound annual growth rate of 0.7%, outpacing the SA3 area. Overseas migration was the primary driver of population growth during this period.

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, with adjustments made using a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are applied across all areas for years 2032 to 2041. Based on aggregated SA2-level projections, the Vermont (SA2) is expected to grow by 1,139 persons to reach a population of around 12,511 by 2041, reflecting an increase of approximately 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. 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 seen between FY-21 and FY-25.

This suggests 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 expected construction cost value of new dwellings in Vermont is $689,000, indicating a developer 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.

However, this activity is below average nationally, suggesting possible planning constraints and indicating an established area with approximately 402 people per dwelling approval. According to AreaSearch's latest quarterly estimate, Vermont is expected to grow by 1,120 residents through to 2041. Construction is maintaining a reasonable pace with projected growth, although buyers may encounter growing competition as population increases. The location offers an increasing blend of attached housing types, featuring standalone homes and townhouses or apartments at 69.0% and 31.0% respectively, providing choices across price ranges from spacious family homes to more accessible compact options.

Vermont has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified six projects likely impacting the area, with key ones being Vermont Reserve Pavilion Redevelopment, Vermont Inc, Forest Ridge, and The Green Hill. Relevant projects are detailed below.

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

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

Vermont has a highly educated workforce with strong representation in professional services. Its unemployment rate was 2.2% as of September 2025, with an estimated employment growth of 1.5% over the past year.

This is based on AreaSearch aggregation of statistical area data. As of September 2025, 5,808 residents were employed, with an unemployment rate of 2.5%, lower than Greater Melbourne's rate of 4.7%. Workforce participation was broadly similar to Greater Melbourne's 64.1%. The dominant employment sectors among residents included health care & social assistance, education & training, and professional & technical services.

Notably, education & training had an employment share of 1.2 times the regional level. Conversely, transport, postal & warehousing was under-represented, with only 2.9% of Vermont's workforce compared to Greater Melbourne's 5.2%. Over the 12 months to September 2025, employment increased by 1.5%, while labour force increased by 1.1%, causing the unemployment rate to fall by 0.4 percentage points. In comparison, Greater Melbourne saw employment grow by 3.0% and unemployment rise by 0.3 percentage points. State-level data from 25-Nov shows VIC employment grew by 1.13% year-on-year, with a state unemployment rate of 4.7%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that while national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. 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.

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 taxpayer income of $52,575 and an average income of $72,523. Nationally, the averages were $57,688 (median) and $75,164 (average). By September 2025, estimated incomes would be approximately $56,912 (median) and $78,506 (average), based on an 8.25% Wage Price Index growth since financial year 2023. According to the 2021 Census, Vermont's household income ranked at the 68th percentile ($2,042 weekly), while personal income was at the 49th percentile. In income distribution, 31.4% of locals (3,570 people) fell into the $1,500 - 2,999 weekly category. Higher earners, those exceeding $3,000 weekly, comprised 30.1%. 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 dwelling structures, as per the latest Census, consisted of 79.7% houses and 20.3% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Melbourne metro had 73.0% houses and 26.9% other dwellings. Home ownership in Vermont was 40.1%, similar to Melbourne metro's level. The remaining dwellings were either mortgaged (40.7%) or rented (19.2%). The median monthly mortgage repayment in Vermont was $2,383, higher than Melbourne metro's average of $2,200. The median weekly rent figure in Vermont was recorded at $426, compared to Melbourne metro's $410. 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 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% of the total. 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 2021, 42.1% of Vermont 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 also feature prominently, 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 in Vermont, with 32.5% of residents currently enrolled in formal education as of the 2020-2021 academic year. 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 operates 50 active public transport stops, all of which are bus services. These stops are served by 15 different routes that together facilitate 1,824 weekly passenger trips. The accessibility of the transport system is rated as excellent, with residents on average located just 198 meters from their nearest stop.

On a daily basis, there are an average of 260 trips across all routes, which equates to approximately 36 weekly trips per individual stop.

Vermont's residents are extremely healthy with both young and old age cohorts seeing low prevalence of common health conditions

Analysis of health metrics indicates robust performance across Vermont, with both younger and older age groups experiencing low prevalence rates for common health conditions.

Private health coverage stands at approximately 55%, translating to around 6,309 individuals. The most prevalent medical conditions are asthma (7.3%) and arthritis (6.4%), while 73.5% of residents report being entirely free from medical ailments, compared to the Greater Melbourne average of 72.3%. As of 18 June 2021, approximately 18.6% of Vermont's population comprises individuals aged 65 and over (2,115 people), which is lower than Greater Melbourne's figure of 20.4%. Health outcomes among seniors are above average, generally aligning with the overall population's health profile.

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 the population. However, Buddhism is overrepresented compared to Greater Melbourne, making up 4.7% of Vermont's population versus 5.3%.

The top three ancestry groups are English (19.9%), Chinese (18.1%), and Australian (18.0%). There are notable differences in the representation of certain ethnic groups: Sri Lankan is overrepresented at 1.0%, Hungarian at 0.4%, and Russian at 0.5%.

Vermont's population is slightly older than the national pattern

Vermont's median age is 40, slightly higher than Greater Melbourne's figure of 37 and Australia's average of 38 years. Compared to the Greater Melbourne average, Vermont has a notably higher percentage of individuals aged 5-14 (16.4%) but a lower percentage of those aged 25-34 (7.3%). Between 2021 and present, the proportion of individuals aged 5-14 increased from 15.5% to 16.4%, while the proportion of those aged 25-34 decreased from 8.5% to 7.3%. The percentage of individuals aged 0-4 also dropped during this period, from 5.1% to 4.0%. Demographic projections indicate significant changes in Vermont's age profile by 2041. The 45-54 age cohort is projected to expand notably, with an increase of 370 people (23%) from 1,637 to 2,008. Conversely, both the 0-4 and 35-44 age groups are projected to decrease in number.