Nicholson, located in East Gippsland, VIC, is known for its serene natural beauty and close proximity to rivers and outdoor recreational activities. The housing market in Nicholson is characterized by a mix of charming older homes and newer developments, catering to a variety of buyers, from families to retirees seeking a peaceful lifestyle. The area offers relatively affordable property prices compared to larger urban centers, which is attracting interest from those looking to escape the hustle and bustle of city life. With its increasing popularity, the market has seen moderate growth over recent years, making it an intriguing option for both homebuyers and investors who appreciate the allure of regional living.
Living in Nicholson offers a laid-back and community-oriented lifestyle, with a strong emphasis on enjoying the great outdoors. Residents have easy access to the Nicholson River and surrounding bushland, providing ample opportunities for boating, fishing, and hiking. The town has a welcoming atmosphere where neighbors know each other, and local events and markets foster a sense of camaraderie. Despite its rural feel, Nicholson is not far from Bairnsdale, a larger town that provides additional amenities, shopping, and services. Overall, Nicholson is ideal for those looking to embrace a tranquil lifestyle without sacrificing access to essential conveniences.
| Median Weekly Rent | $205.00 |
| Median Monthly Mortgage | $1017.00 |
| Median Persons Per bed houseroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 59.00 |
| Average Income | $470.00 |
| Average Cars Per Dwelling | 1.44 |
| Average Properties Within 50M | 6 |
| Typical 1 bed house | $613,000 |
| Typical 2 bed house | $544,000 |
| Typical 3 bed house | $672,000 |
| Typical 4 bed house | $851,000 |
| Typical 5 bed house | $784,000 |
| Typical 6 bed+ house | $963,000 |
Housing Stock
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Thinking about buying in Nicholson? Now could not be a better time, with 960 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $620,000 with prices in this suburb ranging from $67,000 to $2,064,000. The aproximate distance to the coast is 10 Km.
In Nicholson there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Nicholson is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Nicholson leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Nicholson to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Nicholson the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationNicholson Primary School
(While the above schools are located with the suburb of Nicholson there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 4.1 | 25.3 | 37.7 | 32.2 | 81.0 | 3 | 24.0 |
| Feb | 4.9 | 24.0 | 36.2 | 36.5 | 86.2 | 2.8 | 23.2 |
| Mar | 5.1 | 23.5 | 35.0 | 39.3 | 87.6 | 2.7 | 21.9 |
| Apr | 1.1 | 20.6 | 34.9 | 27.6 | 74.3 | 2.7 | 21.5 |
| May | 0.3 | 16.4 | 31.1 | 23.7 | 62.9 | 2.9 | 19.1 |
| Jun | 0.1 | 13.3 | 28.5 | 23.2 | 63.9 | 2.9 | 17.7 |
| Jul | 0.2 | 12.3 | 28.9 | 19.3 | 57.6 | 2.8 | 18.7 |
| Aug | 0.0 | 13.0 | 31.4 | 14.1 | 53.5 | 2.7 | 20.7 |
| Sept | 0 | 16.6 | 35.5 | 13.3 | 56.6 | 2.9 | 25.2 |
| Oct | 0.5 | 20.5 | 37.6 | 16.7 | 63.5 | 3.0 | 26.3 |
| Nov | 2.0 | 23.9 | 39.3 | 20.5 | 71.2 | 3.1 | 27.1 |
| Dec | 2.8 | 25.4 | 39.1 | 24.5 | 70.9 | 3.1 | 26.3 |
source: Australian Government Bureau of Meteorology
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