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Nillumbik Shire, VIC

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Nillumbik Shire is a local government area in the state of Victoria, Australia. It encompasses Melbourne’s outer northern suburbs and rural areas beyond the metropolitan center. The Nillumbik Shire housing market is one of the strongest in the state, with the demand for property in Nillumbik Shire increasing.

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Nillumbik Shire Real Estate Market is markedly different than the one we experienced 10 years ago. To date there has been a significant decrease in housing affordability for most residents of the shire due to house prices increasing faster than wages. In addition there are more new house and land packages being released throughout the shire. As a consequence, the necessary infrastructure and community has been flourishing at a rapid pace too.

Professionals account for 25.9 % of employment in Nillumbik, followed by managers at 15.5 %, clerical and administrative workers at 14.8 %, technicians and trades workers at 14.4 %, and community and personal service workers at 10.4 %. In Nillumbik, the typical weekly personal income for residents aged 15 years and older is $784, which is above the state average.

In Nillumbik, 93.7 % of inhabited private residences are detached houses, 3.4 % are semi-detached, row or terrace houses, townhouses, or similar structures, 2.6 % are flats or apartments, and 0.1 % are other housing.

Locating your house in Nillumbik Shire is not an easy task. You need to consider multiple factors like the school zones, potential future developments and the community’s needs and preferences. It is not uncommon for people to spend months looking for a home that suits their needs and budget.

Our interactive dashboard will help you assess the local real estate market and find your dream house in Nillumbik Shire faster!

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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.

Buy 

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Rent 

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5BR

Yield 

2BR

3BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

1BR

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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
No Price Data
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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.

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Property Market in Nillumbik Shire, VIC

What other property markets are there near Nillumbik Shire, VIC?

Nillumbik Shire is surrounded by 4 other council areas – Yarra Ranges, Whittlesea, Murrindindi, Manningham.

How many people live in Nillumbik Shire, VIC?

There are approximately 61000 people living in roughly 22000 dwellings in total, with an average household size of 3.

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

Notable infrastructure projects include Allendale Road, Eltham – traffic safety assessment, Andrew Pocket Park, Bridge Street Oval Lighting Upgrade, Cassells Road, Research – traffic safety assessment, Chapel Lane and the deposit of fill on agricultural land, Church Road works, Diamond Creek Netball Courts.

What major retailers are there in Nillumbik Shire, VIC?

The main retail centres are Eltham Town Mall, Eltham Terrace, Greensborough Plaza, The Bridge Store.

What is the main industry in Nillumbik Shire, VIC?

Such sectors as Health Care and Social Assistance, Construction, Professional, Scientific and Technical Services, Education and Training, Retail Trade, Manufacturing make up the largest part of the employment.

What are the dominant demographic groups in Nillumbik Shire, VIC?

Among approximately 61000 people in Nillumbik Shire males and females make roughly 49% and 51% respectively. The median age of people is 41 years. Children aged 0-14 years account for approximately 20% of the population, and those aged 65+ years account for 13%.

How is unemployment rate trending in Nillumbik Shire, VIC?

Among approximately 34000 people employed, roughly 56% work full-time, 36% work part-time, and an estimated 4% are unemployed.

Suburbs/localities in this Local Government Area: Greensborough 3088, Hurstbridge 3099, Kangaroo Ground 3097, North Warrandyte 3113, Nutfield 3099, Panton Hill 3759, Bend Of Islands 3097, Plenty 3090, Research 3095, Smiths Gully 3760, St Andrews 3761, Strathewen 3099, Watsons Creek 3097, Wattle Glen 3096, Yarrambat 3091, Christmas Hills 3775, Cottles Bridge 3099, Arthurs Creek 3099, Diamond Creek 3089, Eltham 3095, Eltham North 3095

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