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 February 2026, is approximately 11,372, indicating an increase of 379 people since the 2021 Census. This growth represents a 3.4% rise from the previous figure of 10,993. The change is inferred from ABS data showing an estimated resident population of 11,353 as of June 2024 and an additional 38 validated new addresses since the Census date. This results in a population density ratio of 2,466 persons per square kilometer, placing Vermont in the upper quartile relative to other areas assessed by AreaSearch. Over the past decade, from 2012 to 2022, Vermont has shown resilient growth patterns with an average annual growth rate of 0.7%, outperforming the SA3 area. Overseas migration was the primary driver of population gains during this period.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 using a base year of 2022. For areas not covered by this data, AreaSearch uses VIC State Government's Regional/LGA projections from 2023 with adjustments made through weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for the years 2032 to 2041. Looking ahead, Vermont is expected to experience a population increase just below the median of statistical areas analysed by AreaSearch, with an anticipated growth of 1,139 persons by 2041 based on the latest annual ERP population numbers. This reflects an overall increase of approximately 9.8% 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 annually. Over the past five financial years, from FY-21 to FY-25181 homes were approved, with an additional 14 approved so far in FY-26. On average, over these five years, 0.5 new residents arrived per new home constructed.

This pace of construction matches or exceeds demand, providing buyers with more options and facilitating population growth that may surpass current projections. The average expected construction cost for new properties is $478,000, indicating a focus on the premium market segment by developers. In FY-26, $2.4 million in commercial approvals have been registered, reflecting Vermont's residential character. Compared to Greater Melbourne, Vermont has similar development levels per capita, maintaining market balance with the broader area.

However, these levels are lower than national averages, suggesting a mature market and possible development constraints. The types of dwellings approved include 69% detached homes and 31% townhouses or apartments, offering a range of medium-density options across various price brackets. Vermont's population growth is projected to add 1,120 residents by 2041, with building activity keeping pace with these projections despite potential increased competition among buyers as the population expands.

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

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified six projects likely to affect this region. Notable projects are Vermont Reserve Pavilion Redevelopment, Vermont Inc, Forest Ridge, and The Green Hill. Below is a list detailing those 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.

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. The unemployment rate was 2.2% in September 2025, with an estimated employment growth of 1.5% over the past year. This is lower than Greater Melbourne's unemployment rate of 4.7%.

Workforce participation in Vermont is also lower at 65.4%, compared to Greater Melbourne's 71.0%. According to Census responses, 38.5% of residents work from home, which may be influenced by Covid-19 lockdown impacts. The leading employment industries are health care & social assistance, education & training, and professional & technical services. Vermont has a notably high concentration in education & training, with employment levels at 1.2 times the regional average.

However, transport, postal & warehousing has limited presence with only 2.9% of employment compared to the regional average of 5.2%. Over the 12 months to September 2025, employment in Vermont increased by 1.5%, while labour force increased by 1.1%, leading to a decrease in unemployment by 0.4 percentage points. In contrast, Greater Melbourne experienced higher employment growth at 3.0% and labour force growth at 3.3%, with a slight rise in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth of 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 this is a simple weighting extrapolation for illustrative purposes and does not account for localised population projections.

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

In AreaSearch's latest postcode level ATO data released for financial year ending June 2023, Vermont SA2's median income among taxpayers is $56,160. The average income in the area is $75,275. This is higher than the national average. In Greater Melbourne, the median income is $57,688 and the average is $75,164. Based on Wage Price Index growth of 8.25% since financial year ending June 2023, current estimates suggest the median income would be approximately $60,793 and the average would be around $81,485 as of September 2025. According to the 2021 Census, Vermont SA2's household income ranks at the 67th percentile with a weekly income of $2,042. Personal income in the area sits at the 49th percentile. The earnings profile shows that 31.4% of locals (3,570 people) fall into the $1,500 - 2,999 weekly income category. This is similar to the surrounding region where this cohort represents 32.8%. Economic strength is evident with 30.1% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. After housing costs, 85.0% of income remains for other expenses. 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

Vermont's latest Census data shows that 79.7% of dwellings were houses, with the remaining 20.3% being semi-detached homes, apartments, or other types. In Melbourne metro, this was 67.9% houses and 32.1% other dwellings. Home ownership in Vermont stood at 40.1%, compared to 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. Median weekly rent in Vermont was $426, slightly above Melbourne metro's $390. Nationally, Vermont's mortgage repayments were significantly higher at $2,383 compared to the Australian average of $1,863, and rents were substantially higher at $426 than 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% of the total. The median household size is 2.8 people, which is 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 exceeds national averages significantly. Among residents aged 15+, 42.1% hold university qualifications compared to Australia's 30.4% and the SA4 region's 31.2%. This advantage is driven by high levels of bachelor degrees (26.3%), postgraduate qualifications (11.9%), and graduate diplomas (3.9%). Vocational credentials are also prominent, with 25.5% of residents holding such qualifications – advanced diplomas at 11.8% and certificates at 13.7%.

Educational participation is notably high, with 32.5% currently enrolled in formal education. This includes 11.6% in primary, 9.4% in secondary, 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 operational public transport stops, all of which are bus services. These stops are covered by 15 different routes that together facilitate 1,824 weekly passenger trips. The accessibility of these transport options is rated as excellent, with residents typically residing just 198 meters from the nearest stop. Most commuting in this primarily residential area is outward-bound. Car remains the primary mode of transportation at 87%, while train use stands at 8%. On average, there are 1.5 vehicles per dwelling, surpassing the regional average.

According to the 2021 Census, 38.5% of residents work from home, which may be influenced by COVID-19 conditions. Across all routes, an average of 260 trips is made daily, equating to 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 remarkable results according to AreaSearch's assessment.

Mortality rates and chronic condition prevalence are low, particularly among younger cohorts. Approximately 67.3% of Vermont residents have private health cover, equating to around 7,584 people. The most prevalent medical conditions are asthma (7.3%) and arthritis (6.4%). Around 73.5% of residents report no medical ailments, compared to 72.6% in Greater Melbourne. Vermont has a higher proportion of seniors aged 65 and over at 19.0%, or 2,166 people, compared to Greater Melbourne's 15.1%. While health outcomes among 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 main religion in Vermont, accounting for 41.8% of people. Notably, Buddhism comprises 4.7% of Vermont's population, higher than the 4.2% average across Greater Melbourne.

Regarding ancestry, the top three represented groups are English (19.9%), Chinese (18.1%), and Australian (18.0%). Some ethnic groups have notable differences in representation: Sri Lankan is overrepresented at 1.0% compared to 0.8% regionally, Russian at 0.5% versus 0.4%, and Indian at 4.7% against the regional average of 4.2%.

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. Comparing the two regions, Vermont has a notably higher proportion of 5-14 year-olds (16.1%) but fewer 25-34 year-olds (7.0%). Since 2021, Vermont's population aged 15 to 24 increased from 11.8% to 13.1%, while the 25 to 34 group decreased from 8.5% to 7.0%. The 0 to 4 age group also dropped from 5.1% to 3.9%. By 2041, Vermont's demographic profile is projected to change significantly. The 45 to 54 age cohort is expected to grow by 386 people (24%), increasing from 1,622 to 2,009. Conversely, both the 0 to 4 and 35 to 44 age groups are projected to decrease in number.