October 2026 data · Baw Baw · VIC
Neerim South house prices: median price and growth
- Median house
- $690k ▼ −2.5% in 12 months
- Median unit
- $405k Too few sales for a change
The median house price in Neerim South is $690k (October 2026), down 2.5% over 12 months. Units have a median of $405k. That puts Neerim South below the typical Warragul and Baw Baw suburb ($751k) and number 5 of the 7 suburbs around it.
Median house price
- $2.25M+
- $2M–$2.25M
- $1.75M–$2M
- $1.5M–$1.75M
- $1.25M–$1.5M
- $1M–$1.25M
- $750K–$1M
- $500K–$750K
- <$500K
Neerim South price changes
| Type | Median | 3 mo | 6 mo | 12 mo |
|---|---|---|---|---|
| House | $690k | ▼ −3.5% | ▲ +3.3% | ▼ −2.5% |
| Unit | $405k | – | – | – |
Changes compare the median with three, six and twelve months earlier. A dash means too few sales for a reliable figure. How these figures are worked out.
Neerim South compared with nearby suburbs
Suburbs within about 1 km of Neerim South, dearest house median first. Select a column heading to sort.
| House | Unit | |||||||
|---|---|---|---|---|---|---|---|---|
| Jindivick | $1.41m | – | – | – | – | – | – | – |
| Buln Buln East | $1.25m | – | – | – | – | – | – | – |
| Neerim East | $1.02m | – | – | – | – | – | – | – |
| Crossover | $890k | – | – | – | – | – | – | – |
| Neerim South | $690k | ▼ −3.5% | ▲ +3.3% | ▼ −2.5% | $405k | – | – | – |
| Rokeby | $603k | – | – | – | – | – | – | – |
| Neerim | $425k | – | – | – | – | – | – | – |
Living in Neerim South
From the 2021 ABS Census: Neerim South against the Baw Baw council area and VIC. Council and state percentages count all their residents; their medians are the middle suburb by population.
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| Figure | Neerim South | Baw Baw (council) | VIC |
|---|---|---|---|
| People | |||
| Population | 1,599 | 58,955 | 6,503,500 |
| Median age | 47 | 40 | 39 |
| Families with children | 🔒 | 🔒 | 🔒 |
| Born overseas | 10.3% | 11.9% | 30.0% |
| Language other than English at home | 🔒 | 🔒 | 🔒 |
| Work and education | |||
| Median household income | $1,359/wk | $1,563/wk | $1,856/wk |
| Median personal income | 🔒 | 🔒 | 🔒 |
| Professionals and managers | 🔒 | 🔒 | 🔒 |
| Unemployment | 🔒 | 🔒 | 🔒 |
| Bachelor degree or higher | 🔒 | 🔒 | 🔒 |
| Completed Year 12 | 🔒 | 🔒 | 🔒 |
| Housing | |||
| Owned outright | 🔒 | 🔒 | 🔒 |
| Owned with a mortgage | 🔒 | 🔒 | 🔒 |
| Rented | 11.7% | 18.3% | 28.5% |
| Separate houses | 🔒 | 🔒 | 🔒 |
| Flats and apartments | 🔒 | 🔒 | 🔒 |
| Median weekly rent | 🔒 | 🔒 | 🔒 |
| Median mortgage repayment | 🔒 | 🔒 | 🔒 |
| Advantage | |||
| SEIFA advantage (IRSAD), Australian decile | 🔒 | 🔒 | 🔒 |
🔒 Age, occupation and ancestry breakdowns for Neerim South, its council and VIC
Source: ABS Census of Population and Housing 2021. More figures, maps and the 2016 Census are in Location Insights.
Common questions
What is the median house price in Neerim South?
The median house price in Neerim South was $690k in October 2026, down 2.5% on a year earlier. The typical Warragul and Baw Baw suburb median was $751k.
What is the median unit price in Neerim South?
The median unit price in Neerim South was $405k in October 2026.
Is Neerim South more expensive than nearby suburbs?
Of the 6 neighbouring suburbs with a median house price, 4 are dearer than Neerim South and 2 are cheaper or the same.
Where does this data come from?
Prices come from REA sales data for October 2026, all bedroom counts, refreshed monthly. Medians cover sales over the past 12 months; changes are shown only where at least 10 homes of that type sold.