ABS 2021 Census · Updated 31 March 2026
Neerim South is a regional centre in Victoria, Australia, with a population of approximately 1,599, making it a boutique locality. Located approximately 92 km from the Melbourne CBD, Neerim South is a regional area in Victoria. The median household income is $70,668 AUD per year (ABS 2021 Census).
Neerim South's income profile suggests a value-oriented market with competitive purchase prices. Distance from major centres is a consideration, though regional markets can offer higher rental yields.
Map shows Neerim South, Victoria, Australia.
Official Australia Post postcode for Neerim South. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb based on ABS 2021 data.
Find schools near Neerim South on My School →Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →As a regional centre, Neerim South serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $260/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,549/month. 87% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.
Neerim South offers moderate buy-and-hold potential — look for properties with value-add opportunities.
Achieving strong cash flow in Neerim South is challenging at current rent-to-price ratios.
Limited buyer depth in Neerim South makes flip strategies higher-risk — consider rental conversion instead.
Run the numbers on a Neerim South property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Neerim South faces a cautious growth outlook for 2026 — investors should focus on yield rather than short-term gains. The rental pipeline in Neerim South is thinner — flexible lease terms could help secure tenants faster. Investor sentiment toward Neerim South is currently lukewarm — value hunters may find opportunity here.
Neerim South is a regional area in Victoria with a population of 1,599. The median rent is $260/week and the median household income is $70,668/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Neerim South include regional employment hubs, lifestyle, and affordability. 87% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Neerim South has a population of approximately 1,599. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Neerim South is approximately 92 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.