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 November 2025, is approximately 11,369. This figure represents an increase of 376 people since the 2021 Census, which reported a population of 10,993. The change is inferred from the estimated resident population of 11,353 in 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 national 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%, outpacing the SA3 area. Population growth was primarily driven by overseas migration during this period.

AreaSearch is adopting 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 uses VIC State Government's Regional/LGA projections from 2023, adjusted using a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Vermont is expected to increase its population by approximately 1,139 persons, reflecting a gain of 9.9% over the 17-year period based on the latest annual ERP population numbers.

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 FY21 to FY25, a total of 181 homes were approved, with an additional 11 approved so far in FY26. On average, over these five years, each new home accommodated about 0.5 new residents per year.

This indicates that new construction is meeting or exceeding demand, providing more options for buyers and potentially facilitating population growth beyond current projections. The average expected construction cost of new properties during this period was $478,000, suggesting a focus on the premium market segment. In FY26, $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 development levels are lower than national averages, which could indicate market maturity or potential development constraints. The types of dwellings approved in Vermont show a mix of housing options: 69.0% detached dwellings and 31.0% townhouses or apartments. This suggests an expanding range of medium-density housing options, creating opportunities across various price brackets from traditional family homes to more affordable compact alternatives. The population density per approval is around 420 people, indicating a mature market. According to the latest AreaSearch quarterly estimate, Vermont is projected to grow by 1,123 residents by 2041. Current building activity appears to be keeping pace with these growth projections. However, as the population grows, buyers may face increased competition for available properties.

Vermont has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified six projects likely to impact the area. Key projects are Vermont Reserve Pavilion Redevelopment, Vermont Inc, Forest Ridge, and The Green Hill. Below is a list of those most relevant.

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. Its professional services sector is strong, with an unemployment rate of 2.2% and estimated employment growth of 1.5% over the past year.

As of September 2025, 5,808 residents are employed, with an unemployment rate of 2.5%, below Greater Melbourne's rate of 4.7%. Workforce participation is similar to Greater Melbourne's 64.1%. Leading employment industries among residents include health care & social assistance, education & training, and professional & technical services. Education & training has a notably high concentration, with employment levels at 1.2 times the regional average.

Transport, postal & warehousing, however, has limited presence at 2.9%, compared to 5.2% regionally. Over the year to September 2025, employment increased by 1.5% while labour force increased by 1.1%, reducing unemployment by 0.4 percentage points. In contrast, Greater Melbourne experienced higher employment growth of 3.0%. State-level data to 25-Nov-25 shows VIC employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase 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 only.

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

AreaSearch's latest postcode level ATO data for financial year 2022 shows Vermont SA2 had a median taxpayer income of $52,575 and an average of $72,523. Nationally, the median was lower at $49,861 with an average of $70,579. Greater Melbourne's figures were $54,892 (median) and $73,761 (average). By September 2025, estimates based on a 12.16% Wage Price Index growth suggest median income could reach $58,968 and average $81,342. The 2021 Census places Vermont SA2's household income at the 67th percentile ($2,042 weekly) and personal income at the 49th percentile. Most locals (31.4%, or 3,569 people) earn between $1,500 - 2,999 weekly, similar to surrounding regions (32.8%). High-earning households (exceeding $3,000 weekly) comprise 30.1% of the total, indicating strong consumer spending power after housing costs. After accounting for housing, 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 dwelling structures, as per the latest Census data, consisted of 79.7% houses and 20.3% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's structure of 73.0% houses and 26.9% other dwellings. Home ownership in Vermont was at 40.1%, similar to Melbourne metro's level, with the remaining dwellings either mortgaged (40.7%) or rented (19.2%). The median monthly mortgage repayment in Vermont was $2,383, higher than Melbourne metro's average of $2,200. The median weekly rent figure in Vermont was $426, compared to Melbourne metro's $410. Nationally, Vermont's median mortgage repayments were significantly higher at $2,383 versus 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 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 comprise the remaining 21.4%, with lone person households at 19.6% and group households at 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 is notably high with 42.1% of residents aged 15+ holding university qualifications, surpassing Australia's 30.4% and the SA4 region's 31.2%. Bachelor degrees are most prevalent at 26.3%, followed by postgraduate qualifications (11.9%) and graduate diplomas (3.9%). Vocational credentials are also prominent with 25.5% of residents aged 15+ holding them, including advanced diplomas (11.8%) and certificates (13.7%). Educational participation is high at 32.5%, with primary education enrollment at 11.6%, secondary education at 9.4%, and tertiary education at 5.5%.

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 good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Vermont operates 50 active public transport stops, all serving buses. These stops are serviced by 16 routes, offering a total of 1,990 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 198 meters from the nearest stop.

Service frequency averages 284 trips per day across all routes, equating to approximately 39 weekly trips per individual stop.

Vermont's residents are extremely healthy with both young and old age cohorts seeing low prevalence of common health conditions

Analysis of health metrics indicates strong performance across Vermont, with both young and older age cohorts experiencing low prevalence of common health conditions.

Approximately 55% (~6,287 people) of the total population has private health cover, which is a very high rate. The most prevalent medical conditions in the area are asthma and arthritis, affecting 7.3 and 6.4% of residents respectively. A significant majority, 73.5%, reported being completely free from medical ailments, compared to 72.3% across Greater Melbourne. Vermont has 18.7% (2,127 people) of its residents aged 65 and over, which is lower than the 20.4% in Greater Melbourne. Health outcomes among seniors are above average and broadly align with the general population's health profile.

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's population shows high cultural diversity, with 38.5% 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 its population. Notably, Buddhism comprises 4.7%, which is higher than the 5.3% figure across Greater Melbourne.

The top three ancestry groups are English (19.9%), Chinese (18.1%), and Australian (18.0%). Some ethnic groups have notable differences in representation: Sri Lankan at 1.0% compared to 0.9%, Russian at 0.5% compared to 0.3%, and Indian at 4.7% compared to 3.9%.

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 average of 38 years. Comparing the two regions, Vermont has a notably higher percentage of individuals aged 5-14 (16.4% locally) but a lower percentage of those aged 25-34 (7.3%). Between 2021 and present, the 5-14 age group has increased from 15.5% to 16.4%, while the 25-34 cohort has decreased from 8.5% to 7.3%. During this period, the 0-4 age group has also dropped from 5.1% to 4.0%. Demographic projections indicate significant changes in Vermont's age profile by 2041. The 45-54 age cohort is expected to grow by 371 people (23%) from 1,637 to 2,009. Conversely, both the 0-4 and 35-44 age groups are projected to decrease in number.