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

As of Nov 2025, the population of Vermont South statistical area (Lv2) is estimated at around 12,302 people. This reflects an increase of 348 people since the 2021 Census, which reported a population of 11,954 people. The change was inferred from AreaSearch's resident population estimate of 12,275 following examination of ABS's latest ERP data release in June 2024 and an additional 81 validated new addresses since the Census date. This level of population results in a density ratio of 1,990 persons per square kilometer, above the average seen across national locations assessed by AreaSearch. Vermont South's growth rate of 2.9% since census positions it within 1.9 percentage points of the SA3 area (4.8%), indicating competitive growth fundamentals. Overseas migration was primarily responsible for population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections released in 2024 with a base year of 2022 for each SA2 area, and utilising 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 for areas not covered by ABS data. Considering projected demographic shifts, a population increase just below the median is expected for Vermont South (SA2), with an estimated increase of 1,084 persons to 2041 based on aggregated SA2-level projections, reflecting an overall increase of 8.6% over the 17-year period.

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

Vermont South recorded approximately 34 residential building approvals per year over the past five financial years ending FY26. This totals an estimated 172 homes. In FY26 so far, 11 approvals have been registered. The average construction cost value of new homes is around $812,000, indicating a focus on premium properties.

Commercial approvals this year amount to $14.2 million, showing moderate commercial development levels. Compared to Greater Melbourne, Vermont South has about three-quarters the building activity per person and ranks in the 41st percentile nationally for building activity, suggesting relatively constrained buyer choice favouring existing dwellings. New building activity comprises 42.0% standalone homes and 58.0% townhouses or apartments, reflecting a shift towards higher-density living to cater to downsizers, investors, and first-home buyers. This change is notable compared to the current housing mix of 88.0% houses. The area has approximately 394 people per dwelling approval, indicating an established population. Population forecasts project Vermont South will gain 1,057 residents by 2041, with building activity keeping pace with growth projections despite potential increased competition among buyers as the population grows.

Population forecasts indicate Vermont South will gain 1,057 residents through to 2041 (from the latest AreaSearch quarterly estimate). 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 20% nationally

AreaSearch has identified 15 infrastructure projects that could significantly impact a specific area's performance. Notable projects include the development of townhouses at 289-291 Morack Road, the expansion of the Wantirna Health Precinct West, the master plan for Billabong Park, and Oak Place by Stockland. The following list details those projects deemed 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 South significantly outperforming the majority of regions assessed nationwide

Vermont South has a highly educated workforce with professional services well represented. Its unemployment rate is 2.0% and it experienced an estimated employment growth of 1.1% in the past year, according to AreaSearch's statistical area data aggregation.

As of September 2025, there are 6,193 residents employed, with an unemployment rate of 2.6%, lower than Greater Melbourne's 4.7%. Workforce participation is significantly lower at 56.0% compared to Greater Melbourne's 64.1%. Key industries for employment among residents include health care & social assistance, professional & technical services, and retail trade.

Construction has 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 Census working population count versus resident population. In the year to September 2025, employment levels increased by 1.1%, and labour force grew by 0.9%, leading to a unemployment rate decrease of 0.2 percentage points. By comparison, Greater Melbourne recorded employment growth of 3.0% and labour force growth of 3.3%, with unemployment rising by 0.3 percentage points. State-level data from 25-Nov shows Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with an unemployment rate of 4.7%. National employment forecasts from Jobs and Skills Australia suggest national employment will expand by 6.6% over five years and 13.8% 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, based on a simple weighting extrapolation for illustrative purposes.

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 ending June 2023, Vermont South had a median income among taxpayers of $47,165 and an average income of $65,062. These figures are below the national averages of $57,688 (median) and $75,164 (average) for Greater Melbourne. Based on Wage Price Index growth from June 2023 to September 2025, estimated median income is approximately $51,056 and average income is $70,430. According to the Census conducted in August 2021, Vermont South's household income ranks at the 62nd percentile ($1,944 weekly) and personal income ranks at the 31st percentile. The data shows that 28.3% of the population (3,481 individuals) fall within the $1,500 - $2,999 income range, similar to the surrounding region where 32.8% occupy this range. Economic strength is indicated by 30.4% of households earning over $3,000 weekly after housing costs, leaving 86.5% of income 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 dwellings, as per the latest Census data, consisted of 88.3% houses and 11.7% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Melbourne metro's 73.0% houses and 26.9% 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, higher than Melbourne metro's average of $2,200. The median weekly rent in Vermont South was $496, compared to Melbourne metro's $410. Nationally, Vermont South's mortgage repayments were significantly higher than the Australian average of $1,863, and 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% that are couples with children, 30.0% that are couples without children, and 9.4% that are 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, which is 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. As of 2016, 43.0% of residents aged 15 years and above held university qualifications, compared to 30.4% nationally and 31.2% in the SA4 region. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees were the most prevalent at 26.7%, followed by postgraduate qualifications at 12.7% and graduate diplomas at 3.6%.

Vocational pathways accounted for 23.6% of qualifications among those aged 15 years and above, with advanced diplomas at 11.6% and certificates at 12.0%. Educational participation was notably high, with 29.1% of residents currently enrolled in formal education as of 2018. This included 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 a mix of light rail and bus services. These stops are served by 16 different routes that collectively facilitate 5,253 weekly passenger trips. The area's transport accessibility is rated good, with residents typically residing 260 meters from the nearest stop.

On average, service frequency across all routes amounts to 750 trips per day, equating to around 103 weekly trips per individual stop.

The level of general health in Vermont South is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Vermont South shows superior health outcomes for both young and elderly cohorts, with low prevalence of common conditions. Its private health cover rate is approximately 53%, slightly higher than the average SA2 area (~6,467 people).

This compares to a 54.8% rate across Greater Melbourne. The most prevalent medical conditions are arthritis (7.5%) and asthma (5.9%), while 72.1% of residents report no medical ailments, similar to the 72.3% in Greater Melbourne. Vermont South has a higher proportion of seniors aged 65 and over at 27.3% (3,358 people), compared to 20.4% in Greater Melbourne. Health outcomes among seniors are notably strong, outperforming general population metrics.

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 has a high level of cultural diversity, with 47.3% of its population speaking a language other than English at home and 47.3% born overseas. The predominant religion in Vermont South is Christianity, comprising 46.9% of the population. Buddhism is overrepresented, making up 6.0% compared to the Greater Melbourne average of 5.3%.

In terms of ancestry, the top three groups are Chinese (24.8%), English (17.4%), and Australian (14.0%). Notably, Sri Lankan, Greek, and Korean ethnicities are overrepresented in Vermont South at 1.4%, 4.1%, and 0.7% respectively, compared to the regional averages of 0.9%, 2.4%, and 0.6%.

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

The median age in Vermont South is 46 years, which is higher than Greater Melbourne's average of 37 years and also exceeds Australia's median age of 38 years. The 75-84 age cohort in Vermont South is notably higher at 10.9% compared to the Greater Melbourne average, while the 25-34 age group is lower at 9.9%. Between the 2021 Census and present, the 75-84 age group has increased from 8.9% to 10.9%, while the 65-74 cohort has decreased from 13.8% to 12.3%. By 2041, population forecasts indicate significant growth in the 85+ age cohort, from 504 to 921 people (an increase of 416 people or 83%). The aging population trend is evident, with those aged 65 and above projected to comprise 66% of the total population growth. Conversely, the 15-24 and 0-4 age groups are expected to experience population declines.