Suburb Profile Report for Nerrina VIC (3350)

Nerrina House: Median price $502,995, Annual capital growth 10.68%, Number of sales 15, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Nerrina is in the bottom 30% in VIC when comparing median price capital growth over the last year. Nerrina gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.65%.

Over the longer term, Nerrina has seen property prices show investors a 10.55% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -7.09% to buyers in Nerrina at the moment, which is less than average for the rest of VIC.

In the last year 15 properties changed hands in Nerrina, which puts it as the 641th most active market in VIC when comparing the number of sales per suburb.

Situated 99.48km from the CBD, Nerrina is one of Ballarat localities in the postcode 3350.

HOUSE UNIT
$502,995 N/A
4.14% N/A
2.65% N/A
10.68% N/A
N/A N/A
15 N/A
N/A N/A
94.7 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 849
Median household income ($/weekly) 1589
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 138 16.3
    25-34 years 96 11.3
    35-44 years 131 15.4
    45-54 years 150 17.7
    55-64 years 100 11.8
    Others 233 27.5
    Age Group
    Census Count Percent(%)
    Registered Married 352 60.0
    Not Married 189 32.2
    Defacto Relationship 46 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 773 94.0
    Greece 6 0.7
    South Korea 6 0.7
    United Kingdom 12 1.5
    Other 10 1.2
    Others 15 1.8
    Country of Birth
    Census Count Percent(%)
    Christianity 555 71.2
    No Religion 216 27.7
    Other Religious Groups 6 0.8
    Buddhism 3 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 24 9.6
    $1,250-$1,499 31 12.4
    $1,500-$1,999 43 17.1
    $2,000-$2,499 29 11.6
    $2,500-$2,999 22 8.8
    Others 102 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 263 42.0
    Employed, worked part-time 184 29.4
    Not in the labour force 151 24.1
    Employed, away from work 17 2.7
    Unemployed, looking for work 11 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 58 12.5
    Professionals 111 23.9
    Technicians & trades workers 81 17.4
    Community & personal service workers 44 9.5
    Clerical & administrative workers 71 15.3
    Others 100 21.5
    Occupation
    Census Count Percent(%)
    Pre-school 25 10.2
    Infants/Primary 92 37.6
    Secondary 74 30.2
    Technical or Further Educational Institution 20 8.2
    University or other Tertiary Institutions 30 12.2
    Others 4 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 784 99.0
    Semi-detached, row or terrace house, townhouse 8 1.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 160 58.0
    Fully owned 97 35.1
    Rented 19 6.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals