Get a property report and suburb profile for any property in Nicholson

Join the 2 million Australians* who use our services every year.

Geo Page

Nicholson suburb profile

Nicholson is a picturesque rural suburb located in East Gippsland, Victoria, approximately 300km east of Melbourne. Known for its serene countryside and proximity to the Nicholson River, the suburb offers a tranquil lifestyle ideal for nature lovers and those seeking a peaceful retreat. The area is popular for outdoor activities such as fishing, boating, and hiking, with the nearby Gippsland Lakes providing ample opportunities for water-based recreation. Nicholson's community is tight-knit, with local amenities including a primary school and general store, making it a charming and welcoming place for families and retirees alike.

Nicholson property market performance

Nicholson's property market has remained static over the past 12 months, with no change in median house or unit values. The median house price and unit price both stand at $0, indicating a lack of recent sales data or market activity. Over the last three months, only 7 houses have been sold, with no unit sales recorded, reflecting limited market movement.

Houses in Nicholson are taking longer to sell, with a median of 76 days on the market, suggesting a slower pace in buyer interest or decision-making. The rental market also shows no activity, with average rents for both houses and units remaining unchanged at $0 over the past year.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
20.0%N/A
Sold
Past 3 months
4N/A
Median days on market
Past 12 months
86N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Nicholson demographics

Nicholson, located in the picturesque region of East Gippsland, Victoria, offers a serene lifestyle amidst natural beauty. With a population of 1,322, this small suburb is characterized by its close-knit community and tranquil environment. The median age of 47 suggests a mature population, with many residents likely enjoying the peacefulness and slower pace of life that Nicholson provides. The area is ideal for those seeking a retreat from the hustle and bustle of city living, with its scenic landscapes and proximity to the Nicholson River.

Housing in Nicholson is predominantly owner-occupied, with a significant 51.8% of properties owned outright and 40.5% owned with a mortgage. This high rate of home ownership reflects the suburb's appeal to families and retirees looking for stability and a long-term place to call home. Rental properties are relatively scarce, comprising only 7.7% of the housing market, which indicates a strong preference for permanent residency among the locals.

Family life is a cornerstone of the Nicholson community, with couple families without children making up 48.8% of the population and couple families with children accounting for 38.3%. The presence of one-parent families at 12.1% adds to the suburb's family-oriented atmosphere. The median total household income of $1,390 per week suggests a modest yet comfortable standard of living, aligning with the suburb's relaxed and community-focused lifestyle. Overall, Nicholson offers a charming and peaceful environment, perfect for those seeking a harmonious blend of nature and community.

Suburbs near Nicholson

Some popular suburbs near Nicholson include:

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.