Suburb Profile Report for Neerim South VIC (3831)

Neerim South House: Median price $402,000, Annual capital growth 8.48%, Number of sales 18, Weekly median advertised rent $335

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

Investment property in Neerim South has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.62%

While Neerim South,3831 ranked number 135th in VIC for increase in median house value (annualised) increase, it is ranked 528th over the last 5 years.

Property buyers and investors in Neerim South 3831 should be seeing an average reduction in asking price of around -3.13% . This means that Neerim South is holding prices well when compared to other suburbs in VIC.

In the last year 18 properties changed hands in Neerim South, which puts it as the 623th most active market in VIC when comparing the number of sales per suburb.

Situated 89.96km from the CBD, Neerim South is one of Baw Baw (S) localities in the postcode 3831.

Metrics i HOUSE UNIT
$402,000 N/A
2.74% N/A
25.63% N/A
8.48% N/A
$335 N/A
18 N/A
4.33% N/A
13.75 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1193
Median household income ($/weekly) 1064
Median age of persons 43
Median housing loan repayment ($/monthly) 1559
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 180 15.1
    35-44 years 167 14.0
    45-54 years 180 15.1
    55-64 years 158 13.2
    65-74 years 133 11.1
    Others 376 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 481 56.6
    Not Married 288 33.9
    Defacto Relationship 81 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1032 88.5
    Greece 18 1.5
    New Zealand 15 1.3
    Papua New Guinea 10 0.9
    United Kingdom 52 4.5
    Others 39 3.3
    Country of Birth
    Census Count Percent(%)
    Christianity 693 65.4
    No Religion 348 32.9
    Buddhism 12 1.1
    Other Religious Groups 6 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 50 13.5
    $800-$999 43 11.6
    $1,000-$1,249 43 11.6
    $1,500-$1,999 44 11.9
    $2,000-$2,499 44 11.9
    Others 146 39.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 371 40.2
    Employed, worked full-time 316 34.2
    Employed, worked part-time 184 19.9
    Employed, away from work 33 3.6
    Unemployed, looking for work 20 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 95 17.8
    Professionals 95 17.8
    Technicians & trades workers 73 13.6
    Clerical & administrative workers 63 11.8
    Labourers 71 13.3
    Others 138 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 27 10.1
    Infants/Primary 111 41.4
    Secondary 91 34.0
    Technical or Further Educational Institution 19 7.1
    University or other Tertiary Institutions 17 6.3
    Others 3 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1054 95.7
    Flat, unit or apartment 21 1.9
    House or flat attached to a shop, office 13 1.2
    Caravan, cabin, houseboat 7 0.6
    Semi-detached, row or terrace house, townhouse 6 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 178 41.6
    Fully owned 175 40.9
    Rented 72 16.8
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
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