Nerrina is a small community in Victoria within the Ballarat local government area (postcode 3350). With a population of 970, the suburb has an established demographic with a median age of 42. Households earn a median income of $125K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Nerrina is $733,000, having grown strongly 7% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,717.
Nerrina is served by 1 school, including 1 primary. The average ICSEA score is 986, which is around the national average of 1,000. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Nerrina offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($733K/$875K). The price-to-income ratio of 5.9x is considered affordable. House prices have moved +7.0% year-on-year.
Nerrina is a small community in Victoria within the Ballarat local government area (postcode 3350). With a population of 970, the suburb has an established demographic with a median age of 42. Households earn a median income of $125K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Nerrina is $733,000, having grown strongly 7% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,717.
Nerrina is served by 1 school, including 1 primary. The average ICSEA score is 986, which is around the national average of 1,000. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Nerrina offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($733K/$875K). The price-to-income ratio of 5.9x is considered affordable. House prices have moved +7.0% year-on-year.