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
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.