Suburb Profile Report for Nerrina VIC (3350)

Nerrina House: Median price $620,000, Annual capital growth 4.91%, Number of sales 16, Weekly median advertised rent N/A

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property investors who have had real estate in Nerrina, 3350 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.80%

Nerrina,3350 has offered an average of -0.80% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Nerrina 3350 should be seeing an average reduction in asking price of around -5.48% . This means that Nerrina is holding prices well when compared to other suburbs in VIC.

Metrics i HOUSE UNIT
$620,000 N/A
-4.62% N/A
-0.80% N/A
4.91% N/A
N/A N/A
16 N/A
N/A N/A
54 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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