Nelson, VIC 3292
Nelson property market
Nelson sees very little activity — the figures here cover a small handful of recent deals, with 17 sales at around $489k as of July 2026, taking about 45 days to sell.
House rentals come a distant second, with 3 leases at $385 a week, renting out in about 6 days.
Who lives hereA largely mortgage-free, retirement-age suburb.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Nelson demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
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Who lives in Nelson?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Nelson
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Nelson
Incomes, employment, and the occupation mix of the people who live here.
A typical household earns about 1.5× the typical individual here.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Nelson
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Turnover
How settled or transient the community is — and where newcomers came from.
Nelson median house price & rent
Headline price, rent, yield and time on market for Nelson — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Nelson property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Nelson
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Nelson against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Nelson in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
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Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
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Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Nelson — Units & Houses, all bedrooms
Nelson median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Nelson rose from $256k (Jul 2021) to $269k (Jun 2026) — +5.2% growth over five years — peaking at $462k between Feb 2025 and Jan 2026.
Suburbs near Nelson: prices compared
The nearest suburbs to Nelson, ranked by distance — each lined up against Nelson on the same measures, so the differences jump out at a glance.
Suburbs like Nelson
Suburbs anywhere in VIC that behave like Nelson — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Nelson vs Tallangatta: the closest sales-market match trades at a median of $264k against Nelson's $419k — about 37% lower, with homes selling in 34 days versus 44 days here.
Comparable sales markets to Nelson: Tallangatta median house price, Eureka market trends, Mitchell Park median house price, Carisbrook house prices and Pioneer Bay property growth.
Frequently asked · Nelson
22 data-driven answers about Nelson's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Nelson?
#The median house price in Nelson, VIC 3292 is $419k as of June 2026, based on 3 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
How much does it cost to rent in Nelson?
#The median weekly house rent in Nelson is $312 as of June 2026, drawn from a very small number of recent leases. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Nelson?
#A 3 bedroom house in Nelson rents for a median $312 per week as of June 2026, drawn from a very small number of recent leases. Across other house sizes: 2-bedroom $312/week, 4-bedroom $312/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Nelson?
#Gross rental yield in Nelson is 3.71% for houses as of June 2026, compared with the VIC unit median of 3.27%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Nelson?
#As of June 2026, Nelson medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $419k | $419k | $419k | $419k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Nelson's property market trends?
#Nelson's property market trends to June 2026: house prices rose +50.0% year-on-year; homes now sell in a median 44 days — faster than a year ago by 136; sales supply sits at 5.6 months (very loose). Read together — price, rent, selling speed and supply — they show which way the Nelson market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Nelson as an investment?
#As of June 2026 in Nelson, house prices rose +50.0% over the year, gross rental yield is 3.71% against a VIC median of 2.46%, houses take a median 44 days to sell, sales supply is 5.6 months (very loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Nelson?
#Houses in Nelson sell in a median 44 days on market as of June 2026. Days on market have tightened by 136 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Nelson a tight or loose property market right now?
#Nelson's sales market sits at 5.6 months of supply for houses as of June 2026 — classified as Very Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose.
Have property prices in Nelson gone up or down?
#House prices in Nelson moved +50.0% over the 12 months to June 2026. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
Where is Nelson in its property market cycle?
#Nelson's house market is currently in the 'softer_firming' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Nelson compare to other VIC suburbs?
#Nelson's median house price ($419k) is 23% below the VIC median ($542k) as of June 2026. On selling speed, houses clear in 44 days vs 22 days state median. On gross yield, Nelson sits at 3.71% vs 2.46% state median.
How does Nelson compare to neighbouring suburbs?
#Nelson's most-similar nearby market is Tallangatta (431.4 km away) with a median house price of $264k — about 37% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Nelson?
#The most-transacted segment in Nelson over the 12 months to June 2026 is 2 bed houses with 5 sales. 3 bed houses come second at 5 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Nelson last year?
#Nelson recorded 5 house sales and 0 unit sales over the 12 months to June 2026 — a combined 5 transactions. On the rental side, 1 house and 0 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Nelson in?
#Nelson is in postcode 3292, in the South West Coast region of VIC. Addresses there are written as Nelson, VIC 3292.
What is the population of Nelson?
#Nelson, VIC 3292 is home to 150 residents (ABS Census 2021). The median resident age is 37, and the average household holds 1.2 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Nelson?
#The median household in Nelson earns $921 per week — roughly $48k a year (ABS Census 2021). Median personal income runs $602/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Nelson?
#The unemployment rate in Nelson is 50.0% (ABS Census 2021). The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Nelson?
#Nelson is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
Is Nelson a good place to live?
#Nelson, VIC 3292 has a population of 150, a median age of 37, a median household income around $921/week, 50% of households renting (ABS Census 2021). Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Nelson market data last updated?
#This Nelson market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.