Get a property report and suburb profile for any property in Vermont South

Vermont South is an established, leafy suburb in Melbourne’s east with quiet, tree-lined streets and easy access to large reserves beside Jells Park and the Dandenong Creek corridor, where walking and cycling trails, wetlands and picnic spots are close at hand. Housing is predominantly single-storey brick homes on generous blocks, with pockets of newer townhouses and contemporary rebuilds around the shopping precincts. The suburb is home to 11,954 people and has a median age of 46; households are dominated by families, particularly couple families with children, and most homes are owner-occupied (50.9% owned outright, 34.6% with a mortgage).

Local life centres on convenience retail and the large Knox shopping centre nearby, and regular buses connect to neighbouring train stations. Council work in the area includes a master plan for Billabong Park and a range of upgrades to reserves, club pavilions and school maintenance. That combination of green space, practical amenities and local shopping tends to suit families, active retirees and commuters; whether it fits you comes down to what you value in a suburb.

At a median house price of $1,435,000, buying in Vermont South works out to about 14.2 times a typical local household's annual income at the last Census, which sits well above local incomes. Rents run to about $750 a week for houses and $605 a week for units, which would take roughly 38.6% and 31.1% respectively of a typical local household's weekly income at the last Census, so renting would also use a sizeable share of local income, particularly for houses.

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

Unit values in Vermont South jumped 27.8% over the past 12 months, a strong rise, while house values recorded a more modest increase of 2.7% in the same period. Unit rents edged up 0.8%, a slight rise, so over the year the biggest movement was in unit capital growth rather than in rental income. Whether that balance fits your investment goals depends on whether you prioritise capital growth or rental income.

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.