Nerrin Nerrin Real Estate, VIC, 3351 Ararat

Thinking about buying in Nerrin Nerrin? Now could not be a better time, with just 29 residential dwellings it's a highly sought after location.

Distance to the coast is 77 Km.

Nerrin Nerrin Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Nerrin Nerrin 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 Nerrin Nerrin due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Nerrin Nerrin changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Nerrin Nerrin 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

Median Weekly Rent $125.00
Median Monthly Mortgage $882.00
Median Persons Per Bedroom 0.70
Average Household Size 2.00
Average Age 38.00
Average Income $706.00
Average Cars Per Dwelling 2.70
Average Properties Within 50M 1.00

Typical Property Prices

Properties For Sale

Local Schools


None within suburb boundary

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

Local Crime Rates


Average Local Climate by month


(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan0.910.829.028.291.94.626.2
Feb0.811.527.834.693.84.422.3
Mar0.89.924.240.393.84.216.6
Apr1.17.820.346.795.23.812.2
May1.56.115.860.695.94.08.9
Jun1.54.412.970.597.43.87.4
Jul1.64.412.370.897.34.57.6
Aug1.73.913.066.5984.210.3
Sept1.55.016.059.898.24.314.7
Oct1.55.919.351.697.83.919.4
Nov1.07.222.043.596.84.022.5
Dec1.29.325.933.894.34.326.1

source: Australian Government Bureau of Meteorology

Recently Sold Properties / House Prices

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