VIC/
Neerim south

Suburb Profile

Neerim South - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3831

house

NEERIM SOUTH, 3831 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling NEERIM SOUTH, 3831 values up and netting property investors a capital gain of 7.4% for the past year.

Investors saw the median home price rise to $337,500.

Profits due to an upward trend in home prices in the suburb averaged 0.76% per annum over a 3-year period.

NEERIM SOUTH now ranks at the 115th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in NEERIM SOUTH are low, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NEERIM SOUTH, homes and units usually stay on listing for an average of 134.0 days.

In 2016, 18 properties were sold in NEERIM SOUTH during the past year, making it the 494th most active market in VIC based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $337,500 N/A
GROWTH REPORT
Median Quarterly 4.98% N/A
Median 12 month 7.4% N/A
Median 3 years 2.27% N/A
Median 5 years 25% N/A
10 years average annual 8.06% N/A
Weekly media advert. rent N/A N/A
Time on Market 134.0 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)
Total Population
1603
Weekly Household Income
956
Household Size
2.70
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Neerim South, VIC
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