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Nilma suburb profile

Nilma is a quaint rural locality in Victoria, situated within the Shire of Baw Baw. Known for its picturesque landscapes and tranquil environment, Nilma offers a peaceful lifestyle away from the hustle and bustle of city life. The area is characterized by its lush greenery, rolling hills, and a strong sense of community. Residents enjoy the benefits of country living while still being in proximity to the larger town of Warragul, which provides access to essential amenities and services. Nilma's serene setting and friendly atmosphere make it an appealing choice for those seeking a rural retreat.

Nilma property market performance

Nilma's property market has shown little activity over the past 12 months, with no change in median house or unit values. The median house price remains at $0, reflecting a stagnant market. Only two houses have been sold in the past year, and no units have been transacted, indicating limited buyer interest or availability.

Houses in Nilma are taking a significant amount of time to sell, with a median of 167 days on the market, suggesting a slow-moving market. There is no data available for units, further highlighting the lack of activity in this segment.

The rental market in Nilma has also remained unchanged, with no recorded average rent or changes in rent prices for both houses and units over the last 12 months, pointing to a stable but inactive rental sector.

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Nilma demographics

Nilma, a quaint suburb located in Victoria, offers a serene lifestyle with a small population of just 410 residents. The median age of 38 suggests a balanced mix of young families and mature residents, contributing to a stable community atmosphere. With a median total household income of $1625 per week, Nilma provides a comfortable living standard for its inhabitants.

Family life is a significant aspect of Nilma, with over half of the families being couple families with children, accounting for 54.8% of the population. This highlights the suburb's appeal to families seeking a peaceful environment to raise children. Additionally, 38.7% of the families are couples without children, indicating a welcoming environment for both young couples and retirees.

Property ownership in Nilma is predominantly stable, with 47.3% of homes owned outright and another 47.3% owned with a mortgage. This reflects a strong sense of community and long-term commitment among residents. The rental market is minimal, with only 5.4% of properties being rented, which underscores the suburb's appeal to those looking for permanent residence rather than transient living.

Nilma's charm lies in its tranquil setting and close-knit community, making it an ideal location for those seeking a quiet lifestyle away from the hustle and bustle of larger cities. Its proximity to natural landscapes and local amenities further enhances its appeal, providing residents with both convenience and the beauty of rural living.

Suburbs near Nilma

Some popular suburbs near Nilma include:

How does Nilma compare to nearby suburbs?

  • Selling speed for houses: Properties in nearby Warragul are selling 73.7% faster than in Nilma.

Choose the right real estate agents in Nilma

There are 6 real estate agents in Nilma, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 91.7% of all sales in the past year.

Commission rates in Nilma typically range from 2.11% to 3.13%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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