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South Gippsland Shire, VIC

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South Gippsland Shire is a local government area in Victoria, Australia, located in the state’s south-eastern region. The South Gippsland property market is a vibrant local community that is boasting a steady increase in house prices. The development of the region has seen the population grow consistently over the last decade.

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The South Gippsland property market boasts unrivalled natural beauty, stunning coastline and vineyards. It is also home to thriving industries including forestry, agriculture, fishing and mining. However, its proximity to Melbourne means it has seen significant growth in its industries leading to an increase in demand for housing.

The south Gippsland property market is also famous for its affordability compared to the nearby Melbourne market. This has led to an increased demand as the area is attracting buyers across Australia and overseas due to continued growth.

Managers account for 20.9 % of employment in South Gippsland, followed by technicians and trades workers at 15.1 % , professionals at 13.4 % , laborers at 13.1 % , and clerical and administrative workers at 10.2 %. In South Gippsland, the typical weekly personal income for persons aged 15 years and older is $537. Professionals looking to enjoy things like outdoor spaces, gardens and pool without having to make any capital sacrifices form are the most likely renters in this area.

In South Gippsland, 94.1 % of occupied private residences are detached houses, 2.3 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 2.4 % are flats or apartments, and 0.8 % are other dwellings. Tenants will most likely prefer the privacy of a detached home as opposed to a flat or an apartment in this LGA.

Explore the interactive dashboard on this page to learn more about where the sales and rental prices are headed in South Gippsland.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

Property Market in South Gippsland Shire, VIC

What other property markets are there near South Gippsland Shire, VIC?

South Gippsland Shire is surrounded by 3 other council areas – Wellington, Bass Coast, Latrobe.

How many people live in South Gippsland Shire, VIC?

There are approximately 29000 people living in roughly 16000 dwellings in total, with an average household size of 2.4.

What are current and planned infrastructure projects in South Gippsland Shire, VIC?

Notable infrastructure projects include Korumburra Streetscape, South Gippsland Highway Korumburra Realignment, Leongatha Heavy Vehicle Alternate Route – Stage Two (Hughes Street), Wilsons Promontory Revitalisation Project, South Gippsland Urban Water Strategy, Bass Highway – Leongatha to Anderson.

What major retailers are there in South Gippsland Shire, VIC?

The main retail centres are The Shack Apparel, Norte, Revolva, Meeniyan and Community Shop.

What is the main industry in South Gippsland Shire, VIC?

Such sectors as Agriculture, Forestry and Fishing, Retail Trade, Construction, Health Care and Social Assistance, make up the largest part of the employment.

What are the dominant demographic groups in South Gippsland Shire, VIC?

Among approximately 29000 people in South Gippsland Shire males and females make roughly 49% and 51% respectively. The median age of people is 47 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 24%.

How is unemployment rate trending in South Gippsland Shire, VIC?

Among approximately 13000 people employed, roughly 52% work full-time, 36% work part-time, and an estimated 5% are unemployed.

Suburbs/localities in this Local Government Area: Agnes 3962, Gunyah 3960, Hallston 3953, Hazel Park 3966, Inverloch 3996, Jeetho 3945, Jumbunna 3951, Kardella 3951, Kardella South 3950, Kongwak 3951, Koonwarra 3954, Koorooman 3953, Korumburra 3950, Korumburra South 3950, Baromi 3871, Leongatha 3953, Leongatha North 3953, Leongatha South 3953, Loch 3945, Mardan 3953, Meeniyan 3956, Middle Tarwin 3956, Mirboo 3871, Mirboo North 3871, Mount Best 3960, Mount Eccles 3953, Mount Eccles South 3953, Moyarra 3951, Nerrena 3953, Nyora 3987, Outtrim 3951, Bena 3946, Poowong 3988, Poowong East 3988, Poowong North 3988, Port Franklin 3964, Port Welshpool 3965, Bennison 3960, Ranceby 3951, Ruby 3953, Berrys Creek 3953, Sandy Point 3959, Strzelecki 3950, Allambee Reserve 3871, Tarwin 3956, Tarwin Lower 3956, Allambee South 3871, Thorpdale South 3824, Tidal River 3960, Toora 3962, Trida 3953, Turtons Creek 3960, Venus Bay 3956, Walkerville 3956, Walkerville South 3956, Waratah Bay 3959, Welshpool 3966, Whitelaw 3950, Wild Dog Valley 3953, Wilsons Promontory 3960, Wonga 3960, Woorarra East 3962, Woorarra West 3960, Boolarong 3960, Yanakie 3960, Stony Creek 3957, Boorool 3953, Wooreen 3953, Walkerville North 3956, Buffalo 3958, Arawata 3951, Darlimurla 3871, Delburn 3871, Dollar 3871, Dumbalk 3956, Dumbalk North 3956, Fairbank 3951, Fish Creek 3959, Foster 3960, Foster North 3960

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