Neerim South is an average performer in VIC when comparing median price capital growth over the last year. Neerim South gave property investors a average capital gain figure when compared to the rest of the state, with 1.66%.
If we look at median property appreciation over just the last three months, Neerim South has given property investors a paper return of -0.96%. This puts Suburb as 579 on a list of fastest fasting appreciating suburbs in VIC
Advertised rents are around the $350 mark per week – giving a return of 4.41% based on the median price in Suburb
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Neerim South, VIC – Ski hub draws a crowd
Median house price: $444,250
Three-year growth: 34.6%
Rental yield: 4.0%
Sitting within the West Gippsland region of Victoria, Neerim South is a country gem near Baw Baw National Park. The town centre has a local grocery store, a post office and a pharmacy, and further shopping can be done in nearby Warragul.
The suburb’s natural surrounds and the fertile quality of the soil make it an ideal place to enjoy fresh produce and locally made cheeses. Situated 11km away is the suburb of Jindivick, which offers further country-style restaurants and a bistro.
During the winter months, tourists flock to Neerim South to take advantage of the ski slopes at Mt Baw Baw. There is also a local primary school and medical centre.