Vermont

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

Vermont's population, as of May 2026, is approximately 11,435. This figure represents a 442 person increase since the 2021 Census, which recorded a population of 10,993. The growth is inferred from ABS estimates: 11,435 in June 2025 and an additional 40 validated new addresses post-Census. This results in a density ratio of 2,480 persons per square kilometer, placing Vermont in the upper quartile nationally according to AreaSearch's assessments. Vermont's growth rate of 4.0% since the 2021 Census exceeded the SA4 region's 3.8%, indicating it as a growth leader. Overseas migration was the primary driver of population gains recently.

AreaSearch uses 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 employs VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Looking ahead, Vermont is expected to grow by approximately 9.6% by 2041, adding around 1,097 persons based on the latest annual ERP population numbers, which is just below the median growth rate of statistical areas analyzed by AreaSearch.

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 annually. Over the past five financial years, from FY-21 to FY-25181 homes were approved, with an additional 18 approved so far in FY-26. On average, over these five years, each new home attracted 0.5 new residents.

This pace suggests that new construction is meeting or exceeding demand, providing more options for buyers and potentially driving population growth beyond current projections. The average expected construction cost of new properties during this period was $478,000, indicating a focus on the premium market segment. In FY-26, $2.4 million in commercial approvals have been registered, reflecting Vermont's residential character. Comparing development levels with Greater Melbourne shows similar figures per capita, maintaining market balance consistent with the broader area.

Nationally, however, development activity is higher, suggesting possible constraints in Vermont's market maturity. New building activity in Vermont comprises 69.0% detached dwellings and 31.0% townhouses or apartments, offering a range of medium-density options across different price brackets. The population per approval stands at around 420 people, indicative of a mature market. By 2041, Vermont is projected to grow by 1,097 residents (latest AreaSearch quarterly estimate). Current building activity appears to be keeping pace with these growth projections, although increased competition among buyers can be expected as the population expands.

Vermont has emerging levels of nearby infrastructure activity, ranking in the 39thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified six projects likely affecting this area. Notable ones are Vermont Reserve Pavilion Redevelopment, Vermont Inc, Forest Ridge (including MAX apartments), and The Green Hill. Below is a list of these projects, highlighting the most relevant ones.

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

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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 2.4%, with an estimated employment growth of 1.7% over the past year. As of December 2025, 5,823 residents are employed, with an unemployment rate of 2.3%.

This is below Greater Melbourne's rate of 4.8%. Workforce participation in Vermont is 65.0%, compared to Greater Melbourne's 69.9%. According to Census responses, 38.5% of residents work from home. Leading employment industries include health care & social assistance, education & training, and professional & technical services.

Education & training has a particularly notable concentration, with employment levels at 1.2 times the regional average. However, transport, postal & warehousing has limited presence, at 2.9% compared to the regional average of 5.2%. Over the 12 months to December 2025, employment in Vermont increased by 1.7%, while labour force increased by 1.6%. Unemployment remained essentially unchanged. In contrast, Greater Melbourne experienced employment growth of 2.4% and labour force growth of 2.8%, with a rise in unemployment of 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project national employment to 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, based on a simple weighting extrapolation for illustrative purposes.

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 2023. Vermont SA2 had a median taxpayer income of $56,160 and an average of $75,275, both above national averages. Greater Melbourne's median was $57,688 with an average of $75,164. Using Wage Price Index growth of 9.62%, estimated incomes for March 2026 are approximately $61,563 (median) and $82,516 (average). The 2021 Census shows household income at the 67th percentile ($2,042 weekly), personal income at the 49th percentile. Predominant earnings cohort is 31.4% of locals in the $1,500 - 2,999 category. High weekly earning households (exceeding $3,000) comprise 30.1%. After housing expenses, 85.0% of income remains for other expenses. Vermont SA2's SEIFA income ranking is in the 8th decile.

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

Vermont's housing structure, as per the latest Census data, consisted of 79.7% houses and 20.3% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Vermont stood at 40.1%, with mortgaged properties at 40.7% and rented dwellings 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, and 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%. 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 the latest data, 42.1% of Vermont residents aged 15 and above hold university qualifications, compared to 30.4% in Australia and 31.2% in the SA4 region. 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 are also prominent, 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. 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 serving a mix of bus routes. These are covered by 15 individual routes offering 1,824 weekly passenger trips in total. Transport accessibility is excellent, with residents typically located 198 meters from the nearest stop. Most residents commute outward daily. Car remains the dominant mode at 87%, while train usage stands at 8%. Vehicle ownership averages 1.5 per dwelling, higher than the regional average.

According to the 2021 Census, 38.5% of residents work from home, possibly due to COVID-19 conditions. Service frequency averages 260 trips per day across all routes, resulting in approximately 36 weekly trips per individual stop.

Vermont's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions

Vermont's health outcomes show excellent results based on AreaSearch's assessment.

Mortality rates and chronic condition prevalence were low, especially among younger cohorts. Approximately 67% of Vermont residents had private health cover, equivalent to around 6,472 people. The most prevalent medical conditions were asthma (7.3%) and arthritis (6.4%). A majority, 73.5%, reported no medical ailments, compared to 72.6% in Greater Melbourne. Vermont has a higher proportion of seniors aged 65 and over at 18.6% (2,123 people), compared to Greater Melbourne's 15.0%. While health outcomes for seniors are above average, they rank lower nationally 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 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 comprises 4.7%, which is slightly higher than the 4.2% average in Greater Melbourne.

The top three ancestry groups are English (19.9%), Chinese (18.1%), and Australian (18.0%). While all these figures are substantially higher than regional averages, it's particularly notable that Chinese ancestry is more than twice the regional average of 6.5%. Additionally, there are significant differences in the representation of certain ethnic groups: Sri Lankan at 1.0% compared to 0.8%, Russian at 0.5% compared to 0.4%, and Indian at 4.7% compared to 4.2%.

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 median age of 38. The 5-14 cohort in Vermont is notably over-represented at 15.9%, while the 25-34 age group is under-represented at 7.8% compared to the Greater Melbourne average. Between 2021 and present, the proportion of the population aged 15 to 24 has increased from 11.8% to 13.2%, while the 0-4 cohort has declined from 5.1% to 3.8%. By 2041, Vermont's age profile is projected to change significantly. The 45-54 age group is expected to expand by 391 people (23%), growing from 1,674 to 2,066. Conversely, both the 0-4 and 35-44 age groups are projected to decrease in numbers.