Vermont South, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Vermont South
VICCensus 2021 · Population 11,954
Vermont South is a suburb with a population of 11,954, characterized by a median age of 46, which is notably higher than the Victorian average of 38. The area is predominantly residential with a significant portion of the population being families, as evidenced by 81.2% of households being family households. The suburb has a strong owner-occupier presence, with 48.2% of properties owned outright and 32.8% owned with a mortgage. The cultural diversity is notable, with 48.7% of residents born overseas, compared to the state average of 35.0%.
Key Highlights
- Highly educated population - 38.3% hold bachelor degrees (vs VIC 29.2%)
- Above average median household income - $1,944 weekly (vs VIC $1,759)
- High owner-occupier rate - 48.2% owned outright
- Significant professional workforce - 30.9% are professionals
- Diverse cultural community - 48.7% born overseas
Things to Consider
- Higher median age may not appeal to younger demographics
- Limited public transport usage at 4.4%
- Median weekly rent of $496 may be high for some renters
- Unemployment rate of 5.3% slightly above state average
- High percentage of separate houses may limit housing diversity
What's it like living here?
Daily life in Vermont South is characterized by a suburban feel with a significant number of residents commuting by car, as 46.6% drive to work. The community has a strong work-from-home culture, with 32.5% of the workforce working from home, which is reflective of the professional and managerial occupations prevalent in the area. The suburb offers a mix of cultural influences, with a significant Chinese community, as 14.2% of residents were born in China.