Located in Victoria within the Ballarat local government area, Nerrina is a close-knit residential community (postcode 3350). The area has roughly 970 residents and a settled mid-life population, with a median age of 42. Households earn a median income of $125K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Nerrina stand at $733,000, having posted strong gains by 7% over the last twelve months. The current median weekly rent is $420. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,717.
Nerrina is served by 1 school, including 1 primary. The average ICSEA score is 986, which is around the national average of 1,000. The crime rate in the Ballarat LGA is higher than average at 11,856 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.0%, which reads as low yield. Property prices are near the state median ($733K/$850K). The price-to-income ratio of 5.9x is considered affordable. House prices have moved +7.0% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.