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Nirranda South, VIC 3268
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$705,000
Median Unit
$325,000
list-price estimate
Gross Yield (houses)
3.7%
1yr Growth
-
Investment snapshot for Nirranda South
Nirranda South has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Nirranda South market and investor summary
In Nirranda South, VIC 3268, the median house sells for around $705K, on a gross rental yield of 3.7% for houses. At 2.3% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 108 days on market, so plan for a slower exit if you ever need one.
Living in Nirranda South: people, income and schools
Nirranda South has a resident population of roughly 90, a number that has held fairly steady over five years. At a median age of 46, it reads as skewed a little older.
The typical household income runs to around $76,000 a year (about $1,470 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 9.2 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 90
- -1% over 5yr
- Median age
- 46 years
- Median household income
- $76,000/yr
- Households renting
- 44%
- Family households
- 43%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 1.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Nirranda South
No properties currently listed in Nirranda South
Search Nirranda South listings →Frequently asked questions about Nirranda South
What should I check before investing in Nirranda South?
Nirranda 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 Nirranda South?
The median property price in Nirranda South, VIC 3268 is $705K for houses.
What rental yield does Nirranda South show?
The gross rental yield in Nirranda South is 3.7% 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 Nirranda South?
The current vacancy rate in Nirranda South is 2.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Nirranda South?
Nirranda South has a population of approximately 90 residents, with a median age of 46.
Is Nirranda South affordable to buy in?
A median house in Nirranda South costs about 9.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Nirranda South's population growing?
The population of Nirranda South has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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