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Lima, 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
$255,000
list-price estimate
Gross Yield (houses)
2.8%
1yr Growth
-
Investment snapshot for Lima
Lima has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lima market and investor summary
In Lima, VIC 3673, houses show a gross rental yield of 2.8%. At 3.3% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 266 days on market, so plan for a slower exit if you ever need one.
Living in Lima: people, income and schools
About 92 people live in Lima, a number that has held fairly steady over five years. The median age is 52, an older, established demographic, and 76% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $70,000 a year, or roughly $1,350 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.
There is 1 school within about 5km.
- Population
- 92
- +1% over 5yr
- Median age
- 52 years
- Median household income
- $70,000/yr
- Households renting
- 24%
- Family households
- 75%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 1
- 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
No properties currently listed in Lima
Search Lima listings →Frequently asked questions about Lima
What should I check before investing in Lima?
Lima 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 rental yield does Lima show?
The gross rental yield in Lima is 2.8% for houses. 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?
The current vacancy rate in Lima is 3.3%. 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?
Lima has a population of approximately 92 residents, with a median age of 52.
What schools are near Lima?
There are 1 school within roughly 5km of Lima. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Lima's population growing?
The population of Lima 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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