Neerim South is a small community in Victoria within the Baw Baw local government area (postcode 3831). With a population of 1,599, the suburb has a mature demographic with a median age of 47. Households earn a median income of $71K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Neerim South is $640,000, having declined 3.8% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.7%. 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.
From an investment perspective, Neerim South offers a gross rental yield of 3.7%, 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.
Neerim South is a small community in Victoria within the Baw Baw local government area (postcode 3831). With a population of 1,599, the suburb has a mature demographic with a median age of 47. Households earn a median income of $71K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Neerim South is $640,000, having declined 3.8% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.7%. 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.
From an investment perspective, Neerim South offers a gross rental yield of 3.7%, 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.