Vermont
Vermont's strongest signal is established family wealth: 79.7% of homes are separate houses, 40.2% are owned outright and household income sits at the 76.4th national percentile. Compared with nearby Mitcham and Forest Hill, its 0.4% apartment share and 2.8 person households point to a more house-led, family-oriented pocket. The $1,334,000 median house price ranks well above many middle-ring options, because schools and large blocks keep demand concentrated.
Population
10,993
Median Age
40.0
Household IncomeiMedian weekly household income (ABS Census)
$2,042/wk
DAs (12 months)iDevelopment Applications lodged in the past year
4
Median House
$1.3M
Apr-Jun 2024
Buyers face a premium but stable family market: the median house price reached $1,334,000 in Apr-Jun 2024 and is 0.0% below the recorded peak, so discounts are limited. Housing choice is much more detached than apartment-based, with 79.7% separate houses, 19.8% semi-detached homes and just 0.4% apartments. The layout suits upsizers because 48.9% are 3-bedroom and 39.3% have 4 or more bedrooms, while mortgage costs sit at 27.0% of income, below common stress levels.
For Buyers
Buyers face a premium but stable family market: the median house price reached $1,334,000 in Apr-Jun 2024 and is 0.0% below the recorded peak, so discounts are limited. Housing choice is much more detached than apartment-based, with 79.7% separate houses, 19.8% semi-detached homes and just 0.4% apartments. The layout suits upsizers because 48.9% are 3-bedroom and 39.3% have 4 or more bedrooms, while mortgage costs sit at 27.0% of income, below common stress levels.
For Investors
Investors are buying into a smaller rental pool than many inner suburbs: only 19.0% of homes rent, compared with owner groups at 40.2% owned outright and 40.8% with a mortgage. Weekly rent is $426 and the vacancy rate is 5.5%, so tenant choice can be higher than in tighter markets. The upside is low supply pressure, with only 4 development applications in 12 months, and overseas migration averaging +216 people a year supports household formation.
Development Activity
Total DAs
8
Last 12 Months
4
YoY ChangeiYear-over-year change in DA lodgements
—
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Vermont iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Vermont Primary School
Prep-6 · 752 students
St James' School
Prep-6 · 351 students
Vermont Secondary College
7-12 · 1650 students
Demographics
Vermont's population is educated and internationally connected: median age is 40, equal to the national average, while university attainment is 52.6%, 22.5 percentage points above national. Overseas-born residents make up 38.5%, 16.9 points above national, which helps explain strong Mandarin 715 and Cantonese 288 language counts alongside English 2,826 and Chinese 2,577 ancestry responses. Household size is 2.8, 0.3 above national, consistent with family homes.
Age Distribution
Bedrooms
Dwelling Structure
79.7%
Houses
19.8%
Townhouse
0.4%
Apartment
Tenure
Housing is tightly held and house-dominant. Prices rose from $610,000 in 2013 to $1,334,000 in Apr-Jun 2024, a 118.7% gain and 5.7% CAGR over 14 years; the latest quarter also matches the peak at 0.0% below it. Tenure is more owner-led than rental-led, with 40.2% owned outright, 40.8% with a mortgage and 19.0% renting. That ownership base supports price resilience because most dwellings are 3-bedroom or larger, at 48.9% and 39.3%.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,383
Rent / wk
$426
HH Size
2.8
Personal Income / wk
$797
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
5.5%
Unoccupied
220
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
20.9%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
27.0%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
20.3%
Couples, no children
9,536
Total families
Economy & Employment
Vermont's economy skews higher-skill than the national middle, with SEIFA IEO, IER, IRSD and IRSAD all in decile 8. Healthcare leads at 17.8% and 699 workers, followed by Professional/Tech at 13.1%, Education at 12.8%, Construction at 8.4% and Retail at 6.5%. Professionals are the largest occupation group at 1,665, ahead of 789 managers. Unemployment is 4.8% and participation 59.9%, with some restraint because 2,987 residents are not in the labour force, likely reflecting older households and school-age families.
Unemployment
2.4%
Labour Force
5,967
Unemployed
144
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
62.3%
Part-time
32.9%
Participation
59.9%
Employed
4,974
Occupations
Top Industries
University
52.6%
Postgraduate
16.4%
Born Overseas
38.5%
Dwellings
3,804
Transport to Work
Livability is strongest for car-based families. Commuting is much more driving-oriented than transit-oriented, with 86.0% driving, 4.4% using public transport and 2.4% walking or cycling. The 3 local schools span Government and Catholic options with ICSEA scores from 1122 to 1161; Vermont Primary at 1161 and St James' School at 1139 rate higher than Vermont Secondary College's 1122, while the secondary adds a 1,650-student public pathway. Crime is 42.2 per 1,000 and IRSAD decile 8 supports amenity.
Drive
86.0%
Public Transport
4.4%
Walk / Cycle
2.4%
Work from Home
N/A
Population Forecast
+0.65%/yr
(+74 people/yr)
EstablishedGrowth is modest rather than redevelopment-led. The trend forecast adds 0.65% a year, about 74 people annually, taking the medium population path from 11,506 in 2026 to 11,874 in 2031. Migration is the key engine because overseas inflow averages +216 people a year, higher than the -120 net internal outflow. Gentrification is scored 14 and labelled Not gentrifying, while the shift indicators are Mixed, with rent growth at 31.9% and real income growth at 9.5%.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+216
Net Internal / yr
-120
Gentrification Signal
Not gentrifying
Population +11% since 2011, Net internal outflow -120/yr, Strong overseas inflow +216/yr
Safety & Crime
Total Offences
464
Year ending June 2024
Rate per 1,000 People
42.2
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Vermont compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Vermont a good suburb to live in?
Yes, especially for households wanting a detached-home setting with strong schools. Vermont has 79.7% separate houses, 3 local schools and an IRSAD decile of 8, although 86.0% of commuters drive, so it suits car-based routines more than transit-first living.
What is the median house price in Vermont?
The median house price in Vermont is $1,334,000 for Apr-Jun 2024. That is the recorded peak, sitting 0.0% below the high point, and prices are up 118.7% from the $610,000 level recorded in 2013.
What schools are in Vermont?
Vermont has 3 local schools: Vermont Primary School with ICSEA 1161 and 752 enrolments, St James' School with ICSEA 1139 and 351 enrolments, and Vermont Secondary College with ICSEA 1122 and 1,650 enrolments.
Is Vermont safe?
Vermont recorded 464 offences, equal to 42.2 offences per 1,000 residents. Property and deception offences are the largest category at 326, compared with 65 crimes against the person and 56 justice procedures offences.
Is Vermont good for property investment?
Vermont suits investors seeking established, lower-density stock rather than a high-turnover apartment market. Renters make up 19.0% of households, weekly rent is $426, vacancy is 5.5% and only 4 development applications were recorded in 12 months.
How is Vermont's population changing?
Vermont is forecast to grow slowly, with the trend adding 0.65% or about 74 people a year. The medium path rises from 11,506 in 2026 to 11,874 in 2031, driven by +216 overseas migration a year despite -120 net internal movement.
What languages are spoken in Vermont?
English is common, but Vermont also has notable Asian language communities. Mandarin has 715 speakers, Cantonese 288, Hindi 109, Sinhalese 69 and Greek 54, consistent with 38.5% of residents being born overseas.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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