Vermont South sits in Melbourne’s east — a suburb that runs suburban, welcoming, family-oriented. Here’s what the numbers and the locals actually say about the property and rental situation.
Rental Prices — Vermont South 2026
| Property Type | Weekly Rent | Monthly | Annual |
|---|---|---|---|
| 1-bedroom unit | $378/wk | $1638/mo | $19,656/yr |
| 2-bedroom unit | $531/wk | $2301/mo | $27,612/yr |
| 3-bedroom house | $675/wk | $2925/mo | $35,100/yr |
Rents in Vermont South have increased modestly compared to 2025. The vacancy rate sits at 2.9%, which is moderate — you have some negotiating room.
Property Prices
| Property Type | Median Price | 12-Month Change |
|---|---|---|
| House | $990,598 | +2.1% |
| Unit/Apartment | $463,280 | +1.4% |
Gross rental yield: 3.1% (units tend to yield higher than houses in Vermont South).
Who Lives Here
Vermont South attracts predominantly young professionals and couples. The suburb is known for Vermont South local shops, community feel, suburban lifestyle.
Average resident profile:
- Age: Predominantly 25-35
- Household: Couples and young families
- Income: Around metro median
Renting Tips for Vermont South
Apply fast. Good properties in Vermont South get 20-40 applications. Have your documents ready: 100 points of ID, recent payslips, rental history, references.
Inspect in person. Photos lie. Check water pressure, phone reception, natural light at the time of day you’d actually be home. Open the cupboards. Flush the toilet.
Look beyond Spring Avenue. The main strip commands 10-15% higher rents. One or two blocks back, you get the same proximity for less money.
Know your rights. Victorian tenancy law caps rent increases to once per 12 months. Your landlord must give 60 days notice. Urgent repairs must be addressed within 24 hours (blocked toilet, no hot water, gas leak).
Budget beyond rent. Factor in: utilities ($150-250/month), internet ($70-90/month), contents insurance ($15-25/month), and transport (Public transport options in Vermont South).
Investment Outlook
Vermont South is an emerging area with infrastructure investment driving gradual growth. The 3.1% gross yield is below the metro average — you’re buying for capital growth here.
Key factors:
- Transport: Public transport options in Vermont South
- Schools: Several well-regarded public and private options
- Infrastructure: New town centre development approved
Suburb Character & Lifestyle
Vermont South runs suburban, welcoming, family-oriented. The main commercial strip along Spring Avenue is where most of the daily life happens — cafes, restaurants, and essential services within walking distance for those who live close. The neighbourhood is known for Vermont South local shops, community feel, suburban lifestyle, which drives both rental demand and property values.
The housing stock is predominantly post-war homes with newer medium-density developments filling former industrial sites. For renters, the most common options are standalone units behind older houses. For buyers, the entry point is typically a 2-bedroom terrace needing renovation at the lower end of the market.
Transport reality: Public transport options in Vermont South. The commute to the CBD is realistic for daily workers, and most residents report using a combination of public transport, cycling, and driving depending on the trip.
Cost of Living Snapshot
| Expense | Typical Cost |
|---|---|
| Coffee | $4.50-5.00 |
| Brunch | $17-25 |
| Dinner out | $22-38 pp |
| Pint of beer | $11-13 |
| Cocktail | $17-23 |
| Groceries | $169/wk (couple) |
| Utilities | $257/mo (1br) |
| Internet | $70-90/mo (NBN) |
The Bigger Picture
Vermont South is on an upward trajectory with improving infrastructure and growing demand from first-home buyers. The suburb is suburban, welcoming, family-oriented, which attracts a diverse mix of residents from young renters to established families.
5-year outlook: Above-average growth potential due to demand-supply imbalance. The fundamentals — location, transport, lifestyle amenity — are strong.
What to watch: Transport upgrades will improve connectivity.
Nearby
- Box Hill Property
- Vermont South Cost of Living
- Vermont South Things to Do
- Compare Suburbs
- All Vermont South Guides
Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.
Keep Exploring
More in this area:
- Community Guide in Vermont South
- Coworking Guide in Vermont South
- Council Services in Vermont South
- Library Guide in Vermont South
- Playground Guide in Vermont South
Useful tools:
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