Lima South Suburb Profile

Victoria 3673

Lima South has 76 properties. Over the last 5 years, Houses in Lima South have seen a 55.93% increase in median value, while Units have seen a -22.62% decrease. As at 30 November 2024:

• The median value for Houses in Lima South is $575,638 while the median value for Units is $521,052.

The size of Lima South is approximately 48.4 square kilometres. It has 2 parks covering nearly 50.2% of total area. The population of Lima South in 2011 was 512 people. By 2016 the population was 96 showing a population decline of 81.2% in the area during that time. The predominant age group in Lima South is 60-69 years. Households in Lima South are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lima South work in a managers occupation. In 2011, 83.5% of the homes in Lima South were owner-occupied compared with 71.4% in 2016..