Question 1

Is Alexandra a nice place to live?

Accepted Answer

Alexandra is a compact country town on the Goulburn River in the upper Goulburn valley, ringed by state forest and grazing country. The timber-lined main street has local shops, cafes and community services, and the town is known for attractions such as the Alexandra Timber Tramway and Museum. Housing ranges from weatherboard cottages and newer suburban homes to small rural properties and holiday houses, and outdoor life is prominent with fishing, bushwalking, cycling and boating on nearby Lake Eildon. Regional connections run via the Maroondah Highway.

The community of 2,801 people has a median age of 51 and a median household income of $1,086 a week (roughly $56,472 a year). Homes are mostly owner-occupied, and residents include families, retirees and people working in farming, forestry and tourism. There are no significant new public infrastructure or civic-amenity projects reported at this time, and local civic facilities include the Murrindindi Shire Library branch at Alexandra Library. Whether Alexandra suits you will depend on whether a small, outdoors-focused country town fits what you want.

Question 2

Is it expensive to live in Alexandra?

Accepted Answer

A median house in Alexandra sits at $540,000, which is about 9.6 times a typical local household's annual income as recorded at the most recent Census (the local median household earned $1,086 a week at that Census). That multiple puts buying a house well above local incomes at the last Census, so on these figures purchasing looks relatively stretched compared with what households earned then. If you're considering buying rather than renting, that house-price multiple is the key number to watch; whether it feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Alexandra a good place to invest?

Accepted Answer

House values in Alexandra fell a modest 4.6% over the last 12 months, so on the capital growth side houses were worth slightly less at the end of the year than at the start. There isn't enough recent data on unit values or on rents to report their 12-month movements, so this figure only describes the house side of the market. Whether that fits your investment goals depends on what you're looking for and your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$540K	N/A
Change in value Past 12 months	-4.6%	N/A
Sold Past 3 months	15	N/A
Median days on market Past 12 months	61	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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