Vermont

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

Based on AreaSearch's analysis, Vermont's population is around 11,372 as of Feb 2026. This reflects an increase of 379 people (3.4%) since the 2021 Census, which reported a population of 10,993 people. The change is inferred from the estimated resident population of 11,353 from the ABS as of June 2024 and an additional 38 validated new addresses since the Census date. This level of population equates to a density ratio of 2,466 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, Vermont has demonstrated resilient growth patterns with a 0.7% compound annual growth rate, outpacing the SA3 area. 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. Looking at population projections moving forward, a population increase just below the median of statistical areas analysed by AreaSearch is expected, with the area expected to grow by 1,139 persons to 2041 based on the latest annual ERP population numbers, reflecting an increase of 9.8% in total over the 17 years.

Residential development activity is lower than average in Vermont according to AreaSearch's national comparison of local real estate markets

Vermont has averaged around 36 new dwelling approvals per year, with 181 homes approved over the past 5 financial years (between FY-21 and FY-25) and 14 so far in FY-26. At an average of just 0.5 new residents per year arriving per new home over the past 5 financial years (between FY-21 and FY-25), new construction is matching or outpacing demand, offering buyers more options and enabling population growth that could exceed current expectations, while new properties are constructed at an average value of $478,000, revealing that developers are targeting the premium market segment with higher-end properties. Additionally, $2.4 million in commercial approvals have been registered this financial year, reflecting the area's residential character.

When measured against Greater Melbourne, Vermont has similar development levels (per person), maintaining a market balance consistent with the broader area. This activity is likewise lower than the national average, reflecting market maturity and pointing to possible development constraints. New building activity consists of 69.0% detached dwellings and 31.0% townhouses or apartments, showing an expanding range of medium-density options that create a mix of opportunities across price brackets, from traditional family housing to more affordable compact alternatives. At around 420 people per approval, Vermont indicates a mature market.

Looking ahead, Vermont is expected to grow by 1,120 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 has emerging levels of nearby infrastructure activity, ranking in the 39thth percentile nationally

Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total 6 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include Vermont Reserve Pavilion Redevelopment, Vermont Inc, Forest Ridge, and The Green Hill, with the list below detailing those likely to be of most relevance.

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 possesses a highly educated workforce, with professional services showing strong representation, an unemployment rate of just 2.4%, and 1.7% in estimated employment growth over the past year. As of December 2025, 5,823 residents are in work while the unemployment rate is 2.3% below Greater Melbourne's rate of 4.8%, and workforce participation lags significantly (65.7% compared to Greater Melbourne's 71.3%). Based on Census responses, a high 38.5% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

Leading employment industries among residents comprise health care & social assistance, education & training, and professional & technical. The area demonstrates a particularly notable concentration in education & training, with employment levels at 1.2 times the regional average. Meanwhile, transport, postal & warehousing has a limited presence with 2.9% employment compared to 5.2% regionally. The predominantly residential area appears to offer limited employment opportunities locally, as indicated by the count of the Census working population versus the resident population.

Based on AreaSearch analysis of SALM and ABS data, over the 12 months to December 2025, employment increased by 1.7% while the labour force increased by 1.6%, with unemployment remaining essentially unchanged. In contrast, Greater Melbourne experienced employment growth of 2.4% and labour force growth of 2.8%, with a 0.3 percentage point rise. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Vermont. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Vermont's employment mix suggests local employment should increase by 6.9% over five years and 14.1% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

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

As per AreaSearch's latest postcode level ATO data released for FY-23, the Vermont SA2's median income among taxpayers is $56,160, with an average of $75,275. This is well above average nationally, and compares to Greater Melbourne's median of $57,688 and average of $75,164. Based on Wage Price Index growth of 8.25% since FY-23, current estimates would be approximately $60,793 (median) and $81,485 (average) as of September 2025. According to 2021 Census figures, household income ranks at the 67th percentile ($2,042 weekly), while personal income sits at the 49th percentile. The earnings profile shows the predominant cohort spans 31.4% of locals (3,570 people) in the $1,500 - 2,999 category, aligning with the surrounding region where this cohort likewise represents 32.8%. Economic strength emerges through 30.1% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. After housing, 85.0% of income remains for other expenses 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

Dwelling structure within Vermont, as evaluated at the latest Census, comprised 79.7% houses and 20.3% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Melbourne metro's 67.9% houses and 32.1% other dwellings. Meanwhile, the level of home ownership within Vermont was well beyond that of Melbourne metro, at 40.1%, with the remainder of dwellings either mortgaged (40.7%) or rented (19.2%). The median monthly mortgage repayment in the area was well above the Melbourne metro average at $2,383, while the median weekly rent figure was recorded at $426, compared to Melbourne metro's $2,000 and $390. Nationally, Vermont's mortgage repayments are significantly higher than the Australian average of $1,863, while rents are substantially above the national figure of $375.

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

Family households dominate at 78.6% of all households, comprising 43.7% couples with children, 23.3% couples without children, and 10.6% single parent families. Non-family households make up the remaining 21.4%, with lone person households at 19.6% and group households comprising 1.8% of the total. The median household size of 2.8 people 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

Educational attainment in Vermont significantly surpasses broader benchmarks, with 42.1% of residents aged 15+ holding university qualifications compared to 30.4% in Australia and 31.2% in the SA4 region. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 26.3%, followed by postgraduate qualifications (11.9%) and graduate diplomas (3.9%). Trade and technical skills feature prominently, with 25.5% of residents aged 15+ holding vocational credentials, including advanced diplomas (11.8%) and certificates (13.7%).

Educational participation is notably high, 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

Public transport analysis reveals 50 active transport stops operating within Vermont, comprising a mix of buses. These stops are serviced by 15 individual routes, collectively providing 1,824 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 198 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 87%, with 8% by train. Vehicle ownership averages 1.5 per dwelling, which is above the regional average. A high 38.5% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 260 trips per day across all routes, 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

Health outcomes data demonstrates outstanding results across Vermont, based on AreaSearch's assessment of mortality rates and chronic condition prevalence. Younger cohorts in particular see very low prevalence of common health conditions, and the rate of private health cover is very high at approximately 57% of the total population (~6,436 people).

The most common medical conditions in the area were found to be asthma and arthritis, impacting 7.3% and 6.4% of residents, respectively, while 73.5% declared themselves as completely clear of medical ailments compared to 72.6% across Greater Melbourne. The area has 19.0% of residents aged 65 and over (2,166 people), which is higher than the 15.1% in Greater Melbourne. Health outcomes among seniors are above average, though ranking 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 scores highly on cultural diversity, with 38.5% of its population born overseas and 38.9% speaking a language other than English at home. The main religion in Vermont is Christianity, which makes up 41.8% of the population. However, the most apparent overrepresentation is in Buddhism, which comprises 4.7% of the population, compared to 4.2% across Greater Melbourne.

In terms of ancestry (country of birth of parents), the top three represented groups in Vermont are English, comprising 19.9% of the population, Chinese, comprising 18.1% of the population, which is substantially higher than the regional average of 6.5%, and Australian, comprising 18.0% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: Sri Lankan is notably overrepresented at 1.0% of Vermont (vs 0.8% regionally), Russian at 0.5% (vs 0.4%) and Indian at 4.7% (vs 4.2%).

Vermont's population is slightly older than the national pattern

With a median age of 40, Vermont is somewhat higher than the Greater Melbourne figure of 37 and similarly marginally higher than Australia's 38 years. Compared to the Greater Melbourne average, the 5 - 14 cohort is notably over-represented (16.1% locally), while 25 - 34 year-olds are under-represented (7.0%). In the period since 2021, the 15 to 24 age group has grown from 11.8% to 13.1% of the population. Conversely, the 25 to 34 cohort has declined from 8.5% to 7.0% and the 0 to 4 group dropped from 5.1% to 3.9%. Demographic modeling suggests Vermont's age profile will evolve significantly by 2041. The 45 to 54 age cohort is projected to see notable expansion, expanding by 386 people (24%) from 1,622 to 2,009. Conversely, both 0 to 4 and 35 to 44 age groups will see reduced numbers.