Vermont South

An assessment of population growth drivers in Vermont South reveals an overall ranking slightly below national averages considering recent, and medium term trends

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Vermont South's population is estimated at around 12,250 as of May 2026. This reflects an increase of 296 people (2.5%) since the 2021 Census, which reported a population of 11,954 people. The change is inferred from the resident population of 12,250, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 73 validated new addresses since the Census date. This level of population equates to a density ratio of 1,982 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Vermont South's 2.5% growth since census positions it within 1.3 percentage points of the SA4 region (3.8%), demonstrating competitive growth fundamentals. Population growth for the area was primarily driven by overseas migration, which was essentially the sole driver of population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are also applied across all areas for years 2032 to 2041. Considering the projected demographic shifts, a population increase just below the median of Australian statistical areas is expected, with the area expected to increase by 989 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 8.1% in total over the 16 years.

AreaSearch assessment of residential development drivers sees a low level of activity in Vermont South, placing the area among the bottom 25% of areas assessed nationally

AreaSearch analysis of ABS building approval numbers shows Vermont South recorded around 34 residential properties granted approval per year over the past five financial years ending FY26. By FY26, 13 approvals had been recorded. This totals an estimated 172 homes over the five-year period. The average value of new homes being built is $812,000, indicating developers target the premium market segment with higher-end properties.

In FY26, $14.2 million in commercial approvals were registered, demonstrating moderate levels of commercial development. Compared to Greater Melbourne, Vermont South records about three-quarters the building activity per person and places among the 41st percentile nationally, suggesting relatively constrained buyer choice and supporting interest in existing dwellings. This reflects the area's maturity and possible planning constraints. New building activity comprises 42.0% standalone homes and 58.0% townhouses or apartments, creating more affordable entry points for downsizers, investors, and first-home buyers. This marks a significant change from the current housing mix of 88.0% houses, reflecting reduced availability of development sites and shifting lifestyle demands and affordability requirements. The location has approximately 394 people per dwelling approval, indicating an established area with population forecasts expecting Vermont South to gain 989 residents by 2041.

Building activity is keeping pace with growth projections, though buyers may experience heightened competition as the population grows.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 14 projects that may affect this region. Notable projects include 289-291 Morack Road Townhouses, Billabong Park Master Plan, Oak Place by Stockland, and Tyrol Park Draft Landscape Concept Plan. The following list details those most likely to be 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 places Vermont South well above average for employment performance across multiple indicators

Vermont South has a highly educated workforce with professional services well represented. Its unemployment rate was 2.3% in the year to December 2025. Employment grew by an estimated 1.4% over this period, as per AreaSearch's aggregation of statistical area data.

As of December 2025, 6,208 residents were employed, with an unemployment rate of 2.5%, below Greater Melbourne's rate of 4.8%. Workforce participation was 59.3%, significantly lower than Greater Melbourne's 69.9%. A high proportion of residents, 36.7%, worked from home, potentially influenced by Covid-19 lockdowns.

Key industries for employment were health care & social assistance, professional & technical services, and retail trade. Construction had a limited presence with 7.5% employment compared to the regional average of 9.7%. The area appears to offer limited local employment opportunities, indicated by the count of Census working population versus resident population. In the year to December 2025, employment levels increased by 1.4%, labour force by 1.6%, resulting in a slight rise in unemployment (0.1 percentage points). By comparison, Greater Melbourne recorded higher growth rates for employment and labour force, with a larger increase in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 project overall employment expansion of 6.6% over five years and 13.7% over ten years. Applying these projections to Vermont South's employment mix suggests local employment should increase by 6.7% over five years and 13.8% over ten years, though this is a simple extrapolation for illustrative purposes only and does not account for localised population projections.

The area's income profile falls below national averages based on AreaSearch analysis

According to AreaSearch's aggregation of ATO data released for financial year 2023, Vermont South had a median income among taxpayers of $47,165 and an average level of $65,062. Both figures are below the national averages of $57,688 (median) and $75,164 (average) in Greater Melbourne. As of March 2026, estimated median income is approximately $51,702 and average income is around $71,321, based on a 9.62% Wage Price Index growth since financial year 2023. According to the 2021 Census, Vermont South's household income ranks at the 62nd percentile ($1,944 weekly) and personal income at the 31st percentile. In this suburb, 28.3% of individuals (3,466 people) fall within the $1,500 - $2,999 income range, similar to the surrounding region's 32.8%. Economic strength is evident with 30.4% of households earning high weekly incomes exceeding $3,000. After housing expenses, 86.5% of income remains for other expenses. The area's SEIFA income ranking places it in the 8th decile.

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

Vermont South's dwelling structures, as per the latest Census, consisted of 88.3% houses and 11.7% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Melbourne metro's figures of 67.9% houses and 32.1% other dwellings. Home ownership in Vermont South stood at 50.7%, with mortgaged dwellings at 34.7% and rented ones at 14.6%. The median monthly mortgage repayment was $2,383, exceeding Melbourne metro's average of $2,000. The median weekly rent in Vermont South was $496, higher than Melbourne metro's $390. Nationally, Vermont South's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

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

Family households account for 81.3% of all households, including 40.8% couples with children, 30.0% couples without children, and 9.4% single parent families. Non-family households make up the remaining 18.7%, with lone person households at 16.7% and group households comprising 2.1% of the total. The median household size is 2.8 people, larger than the Greater Melbourne average of 2.6.

Vermont South shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Educational attainment in Vermont South significantly surpasses broader benchmarks, with 43.0% of residents aged 15+ holding university qualifications compared to 30.4% nationally and 31.2% in the SA4 region. Bachelor degrees lead at 26.7%, followed by postgraduate qualifications (12.7%) and graduate diplomas (3.6%). Vocational pathways account for 23.6% of qualifications among those aged 15+, with advanced diplomas at 11.6% and certificates at 12.0%. Educational participation is notably high, with 29.1% of residents currently enrolled in formal education, including 8.5% in secondary education, 8.1% in primary education, and 6.9% pursuing tertiary education.

Educational participation is notably high, with 29.1% of residents currently enrolled in formal education. This includes 8.5% in secondary education, 8.1% in primary education, and 6.9% pursuing tertiary education.

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

Vermont South has 51 active public transport stops offering lightrail and bus services. These are served by 16 routes, facilitating 5,253 weekly passenger trips in total. Residential accessibility to transport is rated good, with residents typically living 260 meters from the nearest stop. Most residents commute outward daily. Car remains the dominant mode of transport at 88%, while train usage stands at 7%. The area has an average vehicle ownership of 1.7 per dwelling, higher than the regional norm.

According to the 2021 Census, 36.7% of residents work from home, which may reflect COVID-19 conditions. Across all routes, service frequency averages 750 trips per day, equating to around 103 weekly trips per individual stop.

Vermont South's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Vermont South demonstrates excellent health outcomes according to AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups.

Private health cover is high at approximately 53% of the total population (~6,439 people), slightly higher than the average SA2 area but lower than Greater Melbourne's 56.7%. The most prevalent conditions are arthritis (7.5%) and asthma (5.9%), with 72.1% of residents reporting no medical ailments, comparable to Greater Melbourne's 72.6%. The area has a higher proportion of seniors aged 65 and over at 27.7% (3,393 people), compared to Greater Melbourne's 15.0%. Health outcomes among seniors are strong, aligning with national rankings for the general population.

Vermont South 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 South's cultural diversity is notable, with 47.3% speaking a language other than English at home and 47.3% born overseas. Christianity is the dominant religion, accounting for 46.9%. Buddhism is more prevalent in Vermont South at 6.0%, compared to Greater Melbourne's 4.2%.

The top three ancestry groups are Chinese (24.8%), English (17.4%), and Australian (14.0%). Some ethnicities show significant differences: Sri Lankan (Vermont South 1.4% vs regional 0.8%), Greek (Vermont South 4.1% vs regional 2.7%), and Korean (Vermont South 0.7% vs regional 0.3%) are overrepresented in Vermont South.

Vermont South hosts an older demographic, ranking in the top quartile nationwide

The median age in Vermont South is 46 years, which is notably higher than Greater Melbourne's average of 37 years and also above Australia's median age of 38 years. Comparing this with the Greater Melbourne average, the 75-84 age cohort is significantly over-represented at 11.4% in Vermont South, while the 25-34 age group is under-represented at 10.3%. This concentration of the 75-84 age group is well above the national average of 6.1%. According to the 2021 Census, the percentage of the population in the 75-84 age group has increased from 8.9% to 11.4%, while the 25-34 age cohort has risen from 9.2% to 10.3%. Conversely, the 65-74 age group has declined from 13.8% to 12.1%. Population forecasts for Vermont South in 2041 indicate substantial demographic changes. The 85+ age cohort is projected to grow significantly, increasing by 369 people (72%) from 514 to 884. This growth reflects an aging population dynamic, with those aged 65 and above comprising 61% of the projected growth. Conversely, the 0-4 and 35-44 age cohorts are expected to experience population declines.