Vermont
Statistical Area - sa2

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

Vermont's population, as per AreaSearch's analysis, was approximately 11,367 by August 2025. This figure indicates a rise of 374 individuals (3.4%) since the 2021 Census, which recorded a population of 10,993. The increase is inferred from ABS's estimated resident population of 11,353 in June 2024 and an additional 37 validated new addresses post-Census. This results in a density ratio of 2,465 persons per square kilometer, placing Vermont in the upper quartile relative to other locations assessed by AreaSearch. Over the past decade, ending in 2021, Vermont exhibited resilient growth patterns with a compound annual growth rate of 0.7%, outperforming its SA3 area. Overseas migration was the primary driver of population growth during this period.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 using 2022 as the base year. For areas not covered by this data, AreaSearch uses VIC State Government's Regional/LGA projections from 2023 with adjustments made through a weighted aggregation method from LGA to SA2 levels. Growth rates by age group from these aggregations are applied across all areas for years 2032 to 2041. According to population projections, Vermont is expected to experience an increase just below the median of statistical areas analysed by AreaSearch, with a projected growth of 1,139 persons to reach approximately 12,506 by the year 2041, reflecting a total increase of 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 averaged approximately 36 new dwelling approvals per year. The Australian Bureau of Statistics produces development approval data on a financial year basis. Over the past five financial years, from FY21 to FY25, Vermont had 181 home approvals, with 4 approvals recorded so far in FY26. On average, each new dwelling constructed over these five years accommodated about 0.5 new residents annually.

This indicates that supply is meeting or exceeding demand, offering buyers greater choice while supporting potential population growth above projections. The average construction cost value of new homes being built is $689,000, suggesting developers are targeting the premium market segment with higher-end properties. Vermont has also seen $2.4 million in commercial approvals this financial year, reflecting its residential character. Compared to Greater Melbourne, Vermont's development levels per capita are similar, maintaining market equilibrium consistent with surrounding areas.

However, this activity is below the national average, indicating maturity and possible planning constraints. New building activity shows 69.0% detached dwellings and 31.0% townhouses or apartments, providing an expanding range of medium-density options across various price brackets. With around 420 people per approval, Vermont indicates a mature market. Population forecasts suggest Vermont will gain 1,125 residents by 2041. Building activity is keeping pace with growth projections, though increased competition among buyers can be expected as the population grows.

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

Changes to local infrastructure significantly impact an area's performance. Six projects, identified by AreaSearch, could affect this region. Notable ones are Vermont Reserve Pavilion Redevelopment, The Green Hill, Vermont Inc, and Forest Ridge. The following details projects likely to have the most relevance.

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

Vermont ranks among the top 25% of areas assessed nationally for overall employment performance

Vermont has a highly educated workforce with professional services well represented. Its unemployment rate is 2.2%, and there was an estimated 1.1% employment growth in the past year.

As of June 2025, 5,731 residents are employed while the unemployment rate is 2.5% lower than Greater Melbourne's rate of 4.6%. Workforce participation is similar to Greater Melbourne's 64.1%. Leading industries include health care & social assistance, education & training, and professional & technical services. Education & training has particularly high concentration with employment levels at 1.2 times the regional average.

Transport, postal & warehousing has limited presence at 2.9% compared to 5.2% regionally. Over the 12 months to June 2025, employment increased by 1.1% while labour force increased by 0.7%, reducing unemployment by 0.4 percentage points. In contrast, Greater Melbourne experienced higher growth rates. State-level data to Sep-25 shows VIC employment grew by 1.08% year-on-year with an unemployment rate of 4.7%. Jobs and Skills Australia's national employment forecasts from May 2025 project national growth of 6.6% over five years and 13.7% over ten years, but industry-specific projections suggest Vermont may grow approximately by 6.9%% over five years and 14.1% over ten years.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

AreaSearch released postcode level ATO data for financial year 2022. Vermont's median income among taxpayers was $52,575, with an average of $72,523. Nationally, the median is lower at $49,816 and the average is $67,282. In Greater Melbourne, the median is $54,892 and the average is $73,761. With a 10.11% increase based on Wage Price Index growth since financial year 2022, current estimates for Vermont are approximately $57,890 (median) and $79,855 (average) as of March 2025. According to the 2021 Census, household income ranks at the 68th percentile ($2,042 weekly), while personal income sits at the 49th percentile. The predominant earnings cohort in Vermont is 31.4% (3,569 people) with incomes between $1,500 and $2,999 weekly. This aligns with the surrounding region where this cohort represents 32.8%. Economic strength is evident with 30.1% of households earning over $3,000 weekly, supporting high consumer spending. Housing expenses account for 15.0% of income. Vermont residents have a disposable income ranking in the 70th percentile and the area'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

The latest Census evaluation showed that dwelling structures in Vermont comprised 79.7% houses and 20.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, 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 the area was $2,383, higher than Melbourne metro's average of $2,200. The median weekly rent figure 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 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 account for 21.4%, consisting of 19.6% lone person households and 1.8% group households. 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 is notably high, with 42.1% of residents aged 15+ holding university qualifications, compared to the national average of 30.4%. The most common qualification is bachelor degrees at 26.3%, followed by postgraduate qualifications (11.9%) and graduate diplomas (3.9%). Vocational credentials are also prevalent, with 25.5% of residents holding such qualifications, including advanced diplomas (11.8%) and certificates (13.7%). Educational participation is high, with 32.5% of residents currently enrolled in formal education.

This includes primary education at 11.6%, secondary education at 9.4%, and tertiary education at 5.5%. Vermont's four schools have a combined enrollment of 2,726 students. The area has an ICSEA score of 1110, indicating significant socio-educational advantages and academic achievement. Educational provision is balanced with three primary schools and one secondary school serving distinct age groups. As an education hub, Vermont offers 24.0 school places per 100 residents, significantly above the regional average of 13.4, attracting students from surrounding communities.

Transport servicing is good 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 stops are served by 16 different routes that together facilitate 1,990 weekly passenger trips. The average distance between residents and the nearest transport stop is 198 meters, indicating excellent accessibility.

On average, there are 284 trips per day across all routes, which amounts to approximately 39 weekly trips per individual stop.

Vermont's residents are extremely healthy with prevalence of common health conditions low among the general population though slightly higher across older, at risk cohorts

Analysis of health metrics shows strong performance throughout Vermont.

Prevalence of common health conditions is low among the general population but slightly higher across older, at-risk cohorts. Rate of private health cover is very high, approximately 55% of the total population (around 6,285 people). The most common medical conditions are asthma and arthritis, impacting 7.3 and 6.4% of residents respectively. 73.5% of residents declare themselves completely clear of medical ailments compared to 72.3% across Greater Melbourne. As of 2019-20, the area has 18.7% of residents aged 65 and over (around 2,126 people), which is lower than the 20.4% in Greater Melbourne. Health outcomes among seniors are above average but require more attention than 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 percent of its population born overseas and 38.9 percent speaking a language other than English at home. Christianity is the dominant religion in Vermont, making up 41.8 percent of the population. Notably, Buddhism comprises 4.7 percent of Vermont's population, which is higher than the regional average of 5.3 percent in Greater Melbourne.

In terms of ancestry, the top three represented groups are English at 19.9 percent, Chinese at 18.1 percent, and Australian at 18.0 percent of the population. There are also notable differences in the representation of certain ethnic groups: Sri Lankan is overrepresented at 1.0 percent compared to the regional average of 0.9 percent, Russian at 0.5 percent versus 0.3 percent regionally, and Hungarian at 0.4 percent compared to 0.3 percent regionally.

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 proportion of individuals aged 5-14 (16.4%) but fewer in the 25-34 age group (7.3%). Between 2021 and present, the 5-14 cohort increased from 15.5% to 16.4%, while the 25-34 age group decreased from 8.5% to 7.3%. The 0-4 group also declined, from 5.1% to 4.0%. By 2041, Vermont's demographic modeling projects significant changes in its age profile. Notably, the 45-54 cohort is expected to expand by 372 people (23%), growing from 1,636 to 2,009. Conversely, both the 0-4 and 35-44 age groups are projected to decrease in numbers.