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Nerrena
VIC, 3953 - South Gippsland

Thinking about buying in Nerrena? Now could not be a better time, with just 190 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $913,000 with prices in this suburb ranging from $566,000 to $1,823,000. The aproximate distance to the coast is 17 Km.

Household Makeup

Median Weekly Rent $268.00
Median Monthly Mortgage $1278.00
Median Persons Per Bedroom 0.70
Average Household Size 2.00
Average Age 48.00
Average Income $635.00
Average Cars Per Dwelling 2.14
Average Properties Within 50M 1

Housing Stock

Average Property Prices

3 Bed  $896,000
4 Bed  $930,000
5 Bed  $633,000

Nerrena Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Nerrena 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 Nerrena 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 Nerrena 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 Nerrena 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 Nerrena 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.

Houses for sale Nerrena

Harcourts 87 HUGHES RD, NERRENA, VIC, 3953 Beds Bathrooms $11,500 Per Acre
Harcourts 55 NERRENA HALL RD, NERRENA, VIC, 3953 Beds4 Bathrooms2 Parking 2 $850,000 - $900,000

Local Schools

Leongatha Secondary College

Leongatha Primary School

South Gippsland Specialist School

St Laurence O'Toole School

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

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Nerrena weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.213.025.449.093.84.324.5
Feb1.513.225.147.688.14.320.1
Mar1.912.123.449.983.74.015.4
Apr2.29.620.252.985.13.511.3
May3.48.016.861.594.23.78
Jun2.9614.663.391.83.36.8
Jul2.46.013.964.4943.97.4
Aug36.414.560.994.04.210.1
Sept2.97.616.857.994.14.214.1
Oct2.48.518.857.694.34.319.0
Nov2.410.120.457.695.54.522.3
Dec2.211.622.454.295.04.425.0

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

KooroomanBooroolLeongathaMeeniyanKoonwarraDumbalkLeongatha NorthMardanMount Eccles SouthBerrys Creek

Public Transport


General Points of Interest

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