Neerim South has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 20.36% to date .
While Neerim South,3831 ranked number 116th in VIC for increase in median house value (annualised) increase, it is ranked 24th over the last 5 years.
Our latest figures would indicate that property sellers in Neerim South are currently offering property investors an average price cut of -2.97% below the asking price at the moment.
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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.