Neerim South is in Baw Baw LGA, VIC, postcode 3831, with population 1,599.
The page has enough signal to be useful, but the story is mixed rather than decisive. Use compare mode to pressure-test it against stronger nearby options, then use the calculator if it still makes the shortlist.
Entry price sits in the lower-cost range for a first-pass screen.
Indicative cashflow is interest-only and excludes tax — use the calculator for a full projection.
Owners with a mortgage repay a median of $1,549/mo, while renters pay about $2,275/mo — renting runs $726/mo higher on these medians.
LGA-level official projection (Victoria in Future 2023, DTP). Indicative of the wider council area, not a suburb-level forecast.
Located in Victoria within the Baw Baw local government area, Neerim South is a small community (postcode 3831). It is home to about 1,599 residents, with a settled, mature resident base and a median age of 47. Households earn a median income of $71K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Neerim South has a median house price of $640,000, which has moved lower by 3.8% year-on-year. The current median weekly rent is $525. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,549.
Neerim South is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 971, which is around the national average of 1,000. Healthcare facilities include 1 private hospital. The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
Looking at the investment signals, Neerim South shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices are near the state median ($640K/$875K). The price-to-income ratio of 9.1x is considered moderate. House prices have moved -3.8% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
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Neerim South has enough direct local evidence for a first-pass decision.
QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
DataVic-discovered annual suburb price workbooks parsed into suburb prices. Quarterly VIC resources are discovered and cached, but not yet used as current-price anchors.
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Neerim South is in the Baw Baw Local Government Area, VIC, postcode 3831. Council-level context for Baw Baw LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
The current median house price in Neerim South, VIC is $640K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
The median weekly rent in Neerim South is $525/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
Rent-led investor candidate: Gross rent yield screens at about 4.3%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
QuickProperty's investment signals for Neerim South show: Moderate Yield, Near Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.