Vermont

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

Based on analysis of ABS population updates for the broader area around the suburb of Vermont, and new addresses validated by AreaSearch since May 2026, the estimated population is approximately 11,435. This represents an increase of 442 people (4.0%) compared to the 2021 Census figure of 10,993 residents. The change was inferred from the resident population estimate of 11,435 by AreaSearch following examination of the latest ERP data release by the ABS in June 2025, along with an additional 40 validated new addresses since the Census date. This results in a density ratio of 2,480 persons per square kilometer, placing Vermont in the upper quartile relative to national locations assessed by AreaSearch. The suburb's population growth rate of 4.0% since the 2021 census exceeded that of the SA4 region (3.8%), indicating it as a growth leader in the area. Overseas migration was primarily responsible for population gains during recent periods.

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 from 2023 with adjustments made using weighted aggregation methods to reach SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041 based on these aggregations. According to demographic trends, the suburb is expected to grow by approximately 1,101 persons to 2041, reflecting an increase of 9.6% in total over the 16-year period, based on aggregated SA2-level projections.

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

AreaSearch analysis of ABS building approval numbers shows Vermont has recorded around 36 residential properties granted approval each year over the past five financial years ending FY25. This totals an estimated 181 homes. In FY26 so far, 18 approvals have been recorded. Over these five years, an average of 0.5 new residents per year per dwelling constructed has been observed.

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 is $689,000, indicating a focus on the premium segment with upmarket properties. This financial year, there have been $2.4 million in commercial approvals, suggesting the area's residential character. 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, reflecting 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 accessible compact options. The location has approximately 402 people per dwelling approval, indicating an established area. Looking ahead, Vermont is expected to grow by 1,101 residents through to 2041, according to the latest AreaSearch quarterly estimate. 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 to local infrastructure significantly influence an area's performance. AreaSearch has identified six projects likely impacting the area. Notable projects are Vermont Reserve Pavilion Redevelopment, Vermont Inc, Forest Ridge (including MAX apartments), 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 2.4% as of December 2025, with an estimated employment growth of 1.7% over the past year. This is based on AreaSearch aggregation of statistical area data.

As of December 2025, 5823 residents were employed, and the unemployment rate was 2.3%, compared to Greater Melbourne's rate of 4.8%. Workforce participation in Vermont was 64.4%, lower than Greater Melbourne's 69.9%. According to Census responses, 38.5% of residents worked from home, though Covid-19 lockdown impacts should be considered. The dominant employment sectors were health care & social assistance, education & training, and professional & technical services.

Vermont had a particularly strong specialization in education & training, with an employment share of 1.2 times the regional level. However, transport, postal & warehousing was under-represented, with only 2.9% of Vermont's workforce compared to 5.2% in Greater Melbourne. The area appeared to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Over the 12 months to December 2025, employment increased by 1.7%, while labour force increased by 1.6%, keeping the unemployment rate relatively stable. This compared to Greater Melbourne, where employment grew by 2.4%, labour force expanded by 2.8%, and unemployment rose by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment should expand by 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 these are simple weighting extrapolations for illustrative purposes and do not account for localized population projections.

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

According to AreaSearch's aggregation of ATO data released for financial year 2023, Vermont suburb had median income among taxpayers at $52,575 and average income at $72,523. This is higher than national averages of $57,688 and $75,164 respectively across Greater Melbourne. With a Wage Price Index growth of 9.62% since financial year 2023, estimated median and average incomes as of March 2026 would be approximately $57,633 and $79,500 respectively. Based on 2021 Census figures, Vermont's household income ranks at the 68th percentile ($2,042 weekly), while personal income is at the 49th percentile. Predominant income cohort spans 31.4% of locals (3,590 people) in $1,500 - 2,999 category, similar to broader area's 32.8%. Higher earners make up a substantial 30.1%, indicating strong purchasing power. After housing, 85.0% of income remains for other expenses, and 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

Vermont's dwelling structures, as per the latest Census data, consisted of 79.7% houses and 20.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 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 was $2,383, higher than Melbourne metro's average of $2,000. The median weekly rent in Vermont 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 constitute 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 comprise the remaining 21.4%, with lone person households at 19.6% and group households at 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

In Vermont, a significant proportion of residents have achieved high levels of educational attainment. Among those aged 15 and above, 42.1% hold university qualifications, which is higher than the broader benchmarks of Australia (30.4%) and the SA4 region (31.2%). This 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 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. 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, served by 15 routes offering 1,824 weekly passenger trips. The average distance to the nearest stop is 198 meters. Most residents commute outward. Car use is dominant at 87%, with train use at 8%. Average vehicle ownership per dwelling is 1.5. In 2021 Census data, 38.5% of residents work from home, possibly due to COVID-19 conditions.

Service frequency averages 260 trips per day across all routes, equating to approximately 36 weekly trips per 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.

Mortality rates and chronic condition prevalence were assessed by AreaSearch, with younger cohorts showing very low prevalence of common health conditions. Approximately 65% of the total population (~6,344 people) had private health cover, a rate found to be very high. The most common medical conditions in the area were asthma and arthritis, impacting 7.3 and 6.4% of residents respectively. A total of 73.5% declared themselves completely clear of medical ailments, compared to 72.6% across Greater Melbourne. The area has 18.9% of residents aged 65 and over (2,161 people), which is higher than the 15.0% in Greater Melbourne. Health outcomes among seniors are above average but 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 predominant religion in Vermont, accounting for 41.8% of the population. Notably, Buddhism is overrepresented compared to Greater Melbourne, comprising 4.7% of Vermont's population versus 4.2%.

The top three ancestry groups are English (19.9%), Chinese (18.1%), and Australian (18.0%). Among other ethnic groups, Sri Lankan is notably overrepresented at 1.0%, compared to the regional average of 0.8%. Hungarian representation is also higher than average, at 0.4% versus 0.3%, as is Russian representation 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. Compared to the Greater Melbourne average, Vermont has a notably higher proportion of individuals aged 5-14 (15.9%) but fewer in the 25-34 age group (7.9%). Between 2021 and present, the population aged 15-24 has grown from 11.8% to 13.3%, while the 0-4 cohort has declined from 5.1% to 3.9%. By 2041, demographic modeling suggests significant changes in Vermont's age profile. The 45-54 age group is projected to expand by 382 people (23%), growing from 1,680 to 2,063. Conversely, both the 0-4 and 35-44 age groups are expected to decrease in number.