Neerim South VIC 3831
Neerim South is in Baw Baw LGA, VIC, postcode 3831, with population 1,599.
Strong evidence
Neerim South has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Neerim South has usable rent context. LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Open matching rent ranking →380 latest-year approvals in Baw Baw, +0.0% YoY; population +1.6% YoY (2.4% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Rent context available
Neerim South has usable rent context. Snapshot rent $525/wk.
LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Neerim South has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
Transport
Neerim South currently reads as a growth-momentum candidate.
Recent price movement shows visible market momentum. Missing evidence to verify: Transport.
Compare it against a contrasting suburb before turning it into a decision.
Recent price movement shows visible market momentum.
No major caution is visible beyond the normal source checks.
Transport
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Neerim South VIC
Neerim South is a small community in Victoria within the Baw Baw local government area (postcode 3831). With a population of 1,599, the suburb has a mature demographic with a median age of 47. Households earn a median income of $71K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Neerim South is $665,000, having surged 10.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,549.
Neerim South is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 971, which is around the national average of 1,000. Healthcare facilities include 1 private hospital. The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
From an investment perspective, Neerim South offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($665K/$875K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved +10.8% year-on-year. Population growth of +1.6% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Neerim South is a small community in Victoria within the Baw Baw local government area (postcode 3831). With a population of 1,599, the suburb has a mature demographic with a median age of 47. Households earn a median income of $71K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Neerim South is $665,000, having surged 10.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,549.
Neerim South is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 971, which is around the national average of 1,000. Healthcare facilities include 1 private hospital. The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
From an investment perspective, Neerim South offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($665K/$875K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved +10.8% year-on-year. Population growth of +1.6% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Neerim South FAQ
Common questions-
What LGA is Neerim South in?
Neerim South is in the Baw Baw Local Government Area, VIC, postcode 3831. Council-level context for Baw Baw LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Neerim South?
The current median house price in Neerim South, VIC is $665K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Neerim South?
The median weekly rent in Neerim South is $525/wk, based on the current market rent dataset. The current rent signal is rent context available.
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What does the rent signal say about Neerim South?
Rent context available: Neerim South has usable rent context. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Neerim South a good investment?
QuickProperty's investment signals for Neerim South show: Moderate Yield, Near Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Neerim South?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Neerim South data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.