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Suburb Insights ยท VIC 3292

Nelson 3292, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Nelson is a regional centre in Victoria, Australia, with a population of approximately 191, making it a boutique locality. Located approximately 339 km from the Melbourne CBD, Nelson is a regional area in Victoria. The median household income is $57,408 AUD per year (ABS 2021 Census).

Investment Score

26 / 100 Weak

Household earnings in Nelson are below the state average, which may affect long-term capital growth. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Nelson, Victoria, Australia.

Key Indicators

Postcode
3292

Official Australia Post postcode for Nelson. A postcode may cover multiple suburbs.

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Population
191

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$230/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$57,408/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
339 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,235/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
30% houses

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 โ†’

Investment Insight

As a regional centre, Nelson 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 $230/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,235/month. With only 30% separate houses, Nelson has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Capital growth in Nelson may be constrained โ€” consider alternative strategies.

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Rental Yield

Nelson's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

Limited buyer depth in Nelson makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Nelson property

Full Property Analysis

30-year projections for Nelson

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Nelson is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in Nelson is thinner โ€” flexible lease terms could help secure tenants faster. Nelson is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Nelson a good suburb for investment?

Nelson is a regional area in Victoria with a population of 191. The median rent is $230/week and the median household income is $57,408/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Nelson?

Key demand drivers in Nelson include regional employment hubs, lifestyle, and affordability. 30% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Nelson?

According to the ABS 2021 Census, Nelson has a population of approximately 191. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Nelson from the Melbourne CBD?

Nelson is approximately 339 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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