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Lima South, VIC 3673
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$860,000
list-price estimate
Median Unit
$485,000
Gross Yield (units)
2.0%
1yr Growth
-
Investment snapshot for Lima South
Lima South has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lima South market and investor summary
Lima South sits in VIC, postcode 3673. At 3.1% vacancy, it is a softer rental market with more choice for tenants.
Houses also take time to sell, around 585 days on market, so plan for a slower exit if you ever need one.
Living in Lima South: people, income and schools
Lima South is home to around 142 people, a number that has held fairly steady over five years. At a median age of 47, it reads as skewed a little older, and 72% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $83,000 a year (about $1,600 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
- Population
- 142
- +1% over 5yr
- Median age
- 47 years
- Median household income
- $83,000/yr
- Households renting
- 6%
- Family households
- 78%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 3.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lima South
No properties currently listed in Lima South
Search Lima South listings →Frequently asked questions about Lima South
What should I check before investing in Lima South?
Lima South has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Lima South?
The median property price in Lima South, VIC 3673 is $485K for units.
What rental yield does Lima South show?
The gross rental yield in Lima South is 2.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Lima South?
The current vacancy rate in Lima South is 3.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Lima South?
Lima South has a population of approximately 142 residents, with a median age of 47.
Is Lima South's population growing?
The population of Lima South has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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