Question 1

Is Vermont a nice place to live?

Accepted Answer

Vermont sits on the lower slopes of the Dandenong foothills as an established, leafy suburb. Streets are lined with mature trees and mainly feature postwar brick and weatherboard family homes on generous blocks, with pockets of newer townhouses and renovated houses. The area suits families and people after a quieter suburban pace, with backyards, local parks, sporting clubs and neighbourhood shopping strips for everyday needs. Bus services and arterial roads provide straightforward links to surrounding suburbs, and nearby bushland reserves give easy options for walks and weekend recreation.

About 11,000 people live in Vermont and the median age is 40. Couple families with children are the largest group at 54.4%, and roughly 81.0% of homes are owner-occupied, so the community leans towards established households. The Vermont Recreation Reserve is being upgraded, including a new pavilion with multiple change rooms, accessible facilities and community spaces, and the oval and sports lighting have also been upgraded. Whether Vermont suits you will depend on whether that mix of green space, clubs and local shops matches what you want day to day.

Question 2

Is it expensive to live in Vermont?

Accepted Answer

In Vermont, the median house price of $1,250,000 works out to about 11.8 times a typical local annual household income at the last Census (weekly income $2,042 × 52 = $106,184). Looking at rents, a house renting for $695 a week would take roughly 34.0% of that typical weekly household income at the last Census, which is a sizeable share, while a unit at $540 a week would take about 26.4%, a moderate share. On these figures, buying a house sits well above what people locally earned at the last Census, while renting looks less stretched by comparison depending on which property type you consider.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Vermont a good place to invest?

Accepted Answer

House rents in Vermont rose a solid 6.9% over the past year, while house values increased a modest 4.7%. If rental income is your priority, that 6.9% rise is the figure that will matter most to you.

Units moved more gently: unit rents rose 3.8% and unit values climbed a modest 3.1% over the same period. Overall, houses showed the stronger movements for both rents and values this year; whether that balance suits your plans depends on whether you prioritise income or capital growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.25M	N/A
Change in value Past 12 months	4.7%	3.1%
Sold Past 3 months	34	4
Median days on market Past 12 months	47	23
Average rent Past 12 months	$695	$540
Change in rent Past 12 months	6.9%	3.8%

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