Vermont South

Vermont South is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

Vermont South's population was approximately 12,300 as of November 2025. This figure represents an increase of 346 people from the 2021 Census count of 11,954. The change is inferred from ABS estimates: 12,275 in June 2024 plus 81 validated new addresses since the Census date. This results in a population density of 1,990 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. Vermont South's growth rate of 2.9% since the census is within 1.1 percentage points of the SA4 region's 4.0%, indicating competitive growth fundamentals. Overseas migration was the primary driver of population gains in recent periods.

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. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on projected demographic shifts and latest annual ERP population numbers, Vermont South is expected to increase by approximately 1,084 persons to 2041, reflecting an overall increase of about 8.6% over the 17-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Vermont South, placing the area among the bottom 25% of areas assessed nationally

Vermont South has recorded approximately 34 residential properties granted approval annually over the past five financial years, totalling 172 homes. As of FY-26, 11 approvals have been recorded. The average construction cost value for new homes is $485,000, indicating a focus on premium market segments. In terms of commercial development, $14.2 million in approvals have been registered this financial year.

Compared to Greater Melbourne, Vermont South records about three-quarters the building activity per person and ranks among the 41st percentile nationally, suggesting relatively constrained buyer choice favouring existing dwellings. New building activity comprises 41.0% standalone homes and 59.0% townhouses or apartments, reflecting a shift towards higher-density living to cater to downsizers, investors, and first-home buyers. This represents a significant change from the current housing mix of 88.0% houses. The area has approximately 416 people per dwelling approval, indicating an established population. Population forecasts suggest Vermont South will gain 1,059 residents by 2041. Building activity is keeping pace with growth projections, though increased competition among buyers may arise as the population grows.

Population forecasts indicate Vermont South will gain 1,059 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 South has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

The performance of a region is significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified 15 such projects that are expected to impact the area. Notable among these are the development of townhouses at 289-291 Morack Road, the expansion of the Wantirna Health Precinct West, the master plan for Billabong Park, and Oak Place by Stockland. The following list provides details on those projects deemed most relevant.

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

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AreaSearch analysis reveals Vermont South significantly outperforming the majority of regions assessed nationwide

Vermont South has a highly educated workforce with professional services well represented. The unemployment rate is 2.0% and estimated employment growth over the past year is 1.1%.

As of September 2025, 6,193 residents are employed while the unemployment rate is 2.6% lower than Greater Melbourne's 4.7%. Workforce participation is 56.0%, compared to Greater Melbourne's 64.1%. Key industries for employment among residents are health care & social assistance, professional & technical services, and retail trade.

Construction has limited presence with 7.5% employment compared to the regional average of 9.7%. Employment opportunities locally may be limited as indicated by the difference between Census working population and resident population. In the year to September 2025, employment levels increased by 1.1% and labour force increased by 0.9%, resulting in a fall in unemployment by 0.2 percentage points. By comparison, Greater Melbourne recorded employment growth of 3.0%, labour force growth of 3.3%, with unemployment rising by 0.3 percentage points. State-level data to 25-Nov shows Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. National employment forecasts from May-25 suggest national employment will expand by 6.6% over five years and 13.8% over ten years. Applying these projections to Vermont South's employment mix indicates local employment should increase by 6.7% over five years and 13.8% over ten years, assuming constant population projections for illustrative purposes.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

Vermont South SA2 had a median income among taxpayers of $47,165 and an average level of $65,062 in financial year 2022. These figures align with national averages and compare to $54,892 and $73,761 respectively across Greater Melbourne. By September 2025, estimates suggest a median income of approximately $52,900 and an average of $72,974 based on Wage Price Index growth of 12.16% since financial year 2022. According to the 2021 Census, household income ranks at the 62nd percentile ($1,944 weekly) while personal income sits at the 31st percentile. In Vermont South SA2, 28.3% of individuals (3,480 people) fall within the $1,500 - $2,999 income range, reflecting patterns seen in surrounding regions where 32.8% similarly occupy this range. Economic strength is evident with 30.4% of households earning high weekly incomes exceeding $3,000, supporting elevated consumer spending. After housing expenses, 86.5% of income remains for other expenses, and the area's SEIFA income ranking places it in the 8th decile.

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

Vermont South's dwelling structures, as per the latest Census, consisted of 88.3% houses and 11.7% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 73.0% houses and 26.9% other dwellings. Home ownership in Vermont South was at 50.7%, with mortgaged dwellings at 34.7% and rented dwellings at 14.6%. 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 $496, compared to Melbourne metro's $410. Nationally, Vermont South's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

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

Family households constitute 81.3% of all households, including 40.8% couples with children, 30.0% couples without children, and 9.4% single parent families. Non-family households comprise the remaining 18.7%, with lone person households at 16.7% and group households making up 2.1%. The median household size is 2.8 people, larger than the Greater Melbourne average of 2.6.

Vermont South shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Vermont South has a higher proportion of residents with university qualifications than Australia and its SA4 region. Of Vermont South's residents aged 15+, 43.0% hold such qualifications, compared to 30.4% in Australia and 31.2% in the SA4 region. Bachelor degrees are most common at 26.7%, followed by postgraduate qualifications (12.7%) and graduate diplomas (3.6%). Vocational pathways account for 23.6%.

Advanced diplomas make up 11.6% of qualifications, while certificates account for 12.0%. Educational participation is high with 29.1% currently enrolled in formal education. This includes 8.5% in secondary education, 8.1% in primary education, and 6.9% pursuing tertiary education.

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

Vermont South has 51 active public transport stops. These include both lightrail and bus services. There are 17 different routes operating in total, which collectively facilitate 4,927 weekly passenger trips.

The accessibility of these transport options is rated as good, with residents typically living within 261 meters of the nearest stop. On average, there are 703 trips per day across all routes, equating to approximately 96 weekly trips per individual stop.

The level of general health in Vermont South is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Vermont South shows superior health outcomes, with both younger and older age groups having low prevalence of common health conditions. Its private health cover rate is approximately 52%, slightly higher than the average SA2 area's 47%.

This compares to Greater Melbourne's 54.2%. The most prevalent medical conditions are arthritis (7.5%) and asthma (5.9%), with 72.1% of residents reporting no medical ailments, similar to Greater Melbourne's 72.3%. Vermont South has a higher proportion of seniors aged 65 and over at 27.3% (3,359 people) compared to Greater Melbourne's 20.4%. Health outcomes among seniors are particularly strong, outperforming the general population in health metrics.

Vermont South 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 South's cultural diversity is notable, with 47.3% speaking a language other than English at home and 47.3% born overseas. Christianity is the predominant religion at 46.9%. Buddhism is overrepresented at 6.0%, compared to Greater Melbourne's 5.3%.

The top three ancestry groups are Chinese (24.8%), English (17.4%), and Australian (14.0%). Sri Lankan, Greek, and Korean ethnicities have notable representation: Sri Lankan at 1.4% (vs regional 0.9%), Greek at 4.1% (vs 2.4%), and Korean at 0.7% (vs 0.6%).

Vermont South hosts an older demographic, ranking in the top quartile nationwide

The median age in Vermont South is 46 years, which is higher than Greater Melbourne's average of 37 years and also exceeds Australia's median age of 38 years. In comparison to Greater Melbourne, the 75-84 age group is notably more prevalent in Vermont South at 10.9%, while the 25-34 age group is less common at 9.9%. According to the 2021 Census, the percentage of the population aged 75 to 84 has increased from 8.9% to 10.9%, whereas the percentage of those aged 65 to 74 has decreased from 13.8% to 12.3%. By 2041, demographic forecasts indicate significant changes for Vermont South's population. The number of people aged 85 and above is projected to grow by 420 individuals (an increase of 84%) from 501 to 922. This aging trend is evident in the projection that those aged 65 and older will comprise 66% of the population growth. Conversely, the populations aged 15-24 and 0-4 are expected to decrease.