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Nilma, VIC 3821
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,190,000
list-price estimate
Median Unit
$590,000
Gross Yield (houses)
1.7%
1yr Growth
-
Investment snapshot for Nilma
Nilma has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Nilma market and investor summary
In Nilma, VIC 3821, houses show a gross rental yield of 1.7%. At 12.7% 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 1.7% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 12.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 111 days on market, so plan for a slower exit if you ever need one.
Living in Nilma: people, income and schools
Nilma has a resident population of roughly 410, and the area has been growing steadily, up about 13% over five years. At a median age of 38, it reads as broadly working-age, and 83% 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 $85,000 a year (about $1,630 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 28% over five years, which tends to underpin what local buyers can pay.
Families have 11 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 21 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 410
- +13% over 5yr
- Median age
- 38 years
- Median household income
- $85,000/yr
- Households renting
- 5%
- Family households
- 77%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 11
- avg ICSEA 1018
- Unemployment
- 2.6%
- Walk score
- 21/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Nilma
No properties currently listed in Nilma
Search Nilma listings →Frequently asked questions about Nilma
What should I check before investing in Nilma?
Nilma 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 Nilma?
The median property price in Nilma, VIC 3821 is $590K for units.
What rental yield does Nilma show?
The gross rental yield in Nilma is 1.7% for houses and 2.6% 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 Nilma?
The current vacancy rate in Nilma is 12.7%. 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 Nilma?
Nilma has a population of approximately 410 residents, with a median age of 38.
What schools are near Nilma?
There are 11 schools within roughly 5km of Nilma. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Nilma's population growing?
The population of Nilma has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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