Neerim South

Neerim South, VIC 3831 is a small suburb with a population of 1599 residents. The age groups are evenly spread, with a good mix of younger and older residents. The suburb offers a median household income of $1,359 per week, with a majority of residents commuting by motor vehicle. Neerim South has a low proportion of social housing and a growing population over the years. With a reasonably high Sale Price IQR Ratio and salePriceQ3Q1Ratio, Neerim South could be a good suburb for investors interested in renovating or flipping houses. The market absorption rate indicates healthy demand, suggesting potential for future price growth. The suburb also shows good growth trends over 10 years, making it an appealing choice for long-term property investment. Neerim South, VIC 3831 presents a peaceful living environment with a mix of age groups and a strong sense of community. For property investors, the suburb offers opportunities in the housing market, with indications of good demand and growth potential. Overall, Neerim South is a suburb worth considering for both homeowners and investors looking for long-term growth. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022