Question 1

Is Avenel a nice place to live?

Accepted Answer

Avenel is a small country town on the Hume Highway, set among broad cropping and grazing country and low wooded hills. Its compact main street has local shops and a pub, while a community hall and sporting oval anchor regular local activity. Housing ranges from older weatherboard cottages near the centre to larger rural properties on the outskirts, so the area suits people after a quieter, agricultural way of life while keeping road links to larger regional centres for work, schools and services.

The town is home to 1,112 people with a median age of 49 and a typical household income of $1,414 a week (about $73,528 a year). Families are largely made up of couples and most homes are owner-occupied, with an owner-occupier share of 84.4% and renters at 15.6%. Local infrastructure includes a playspace at Jubilee Park that has seen recent upgrades and is listed for renewal, a rebuilt railway station served by V/Line's Albury line, an upgraded preschool and a local Avenel Active community plan guiding further projects. Whether Avenel suits you depends on how much you value a quieter rural setting with basic town services and rail links to larger centres.

Question 2

Is it expensive to live in Avenel?

Accepted Answer

Renting a house in Avenel currently runs to about $435 a week. Against the typical local household weekly income of $1,414 as recorded at the most recent Census, that rent would take about 30.8% of income, which is a sizeable share. If you're renting rather than buying, that rent share is the figure that will matter most when weighing costs here.

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 Avenel a good place to invest?

Accepted Answer

House values in Avenel rose 17.5% over the past 12 months, a strong increase in what houses are worth. Over the same period, house rents edged down by 0.7%, a slight fall in the income those properties are bringing in.

For someone weighing Avenel up as an investment, the figures point to capital growth on the house side this year while rental income from houses has slightly declined. Whether that balance suits your goals and circumstances depends on what you are looking to achieve.

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	N/A	N/A
Change in value Past 12 months	17.5%	N/A
Sold Past 3 months	8	N/A
Median days on market Past 12 months	54	N/A
Average rent Past 12 months	$435	N/A
Change in rent Past 12 months	-0.7%	N/A

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