Neerim South Real Estate, VIC, 3831 Baw Baw

Thinking about buying in Neerim South? Now could not be a better time, with a whopping 1078 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $758,000 with prices in this suburb ranging from $164,000 to $1,723,000.

Distance to the coast is 44 Km.

Neerim South Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Neerim South driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Neerim South due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Neerim South provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Neerim South to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Neerim South the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

About

For Sale

Harcourts 30 RAILWAY RD, NEERIM SOUTH, VIC, 3831 4 2 2 $750,000 - $800,000
Harcourts 25 BIRDSONG RISE, NEERIM SOUTH, VIC, 3831 4 2 2 $695,000

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Local Schools


Neerim South Primary School

Neerim District Secondary College

(While the above schools are located with the suburb of Neerim South there may also be nearby schools whose catchments cover this suburb)

Local Crime Stats


Average Local Climate by month


(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan2.28.417.246.289.24.023.5
Feb3.98.416.751.192.03.319.7
Mar4.16.213.562.294.83.215.6
Apr4.83.99.868.195.43.711.8
May4.61.25.970.795.04.08.4
Jun4.9-0.93.275.397.23.07.4
Jul7-1.61.981.497.13.36.9
Aug6.4-1.92.578.598.43.78.9
Sept6.8-0.25.965.496.24.213.5
Oct4.72.410.257.293.43.918.5
Nov5.34.112.356.293.94.021.7
Dec5.06.415.052.791.93.923.8

source: Australian Government Bureau of Meteorology

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