Suburb Profile Report for Neerim South VIC (3831)

Neerim South House: Median price $394,000, Annual capital growth 5.34%, Number of sales 14, Weekly median advertised rent N/A

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Investment property in Neerim South has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.72%

Neerim South,3831 was ranked 3533 in Australia by increase in median property value over the quarter.

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Neerim South, VIC – Ski hub draws a crowd

Postcode: 3831

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.

Metrics	HOUSE	UNIT
Median price	$394,000	N/A
Quarterly growth	-2.11%	N/A
12-month growth	-4.72%	N/A
Average Annual Growth	5.34%	N/A
Weekly median advertised rent	N/A	N/A
Number of sales	14	N/A
Gross rental yield	N/A	N/A
Days on market	N/A	N/A

DSR Score for property investment : Balanced (H), Below 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