Question 1

Is Bairnsdale a nice place to live?

Accepted Answer

Bairnsdale sits on the Mitchell River near the Gippsland Lakes and has a compact historic town centre plus a rail terminus on the Gippsland line.

The community is older, incomes are below the median for Victoria, and couples without children are the largest family group at 42.6%. Local life centres on a compact retail and civic precinct that serves the wider Gippsland district, and the river and nearby lakes provide boating, fishing and riverside walking while the surrounding agricultural and forested country gives ready access to outdoor recreation. There has also been a high-profile health push, including a $120 million pledge for a new emergency department at Bairnsdale Regional Health Service.

Question 2

Is it expensive to live in Bairnsdale?

Accepted Answer

A typical local household earned about $1,101 a week at the most recent Census. In Bairnsdale the average house rent of $480 a week would take about 44% of that weekly household income, while unit rent of $360 a week would take about 33% — so renting a house would take a large share of a typical local household's income and renting a unit a sizeable share.

A median house price of $546,000 works out to about 9.5 times a typical local annual household income on these figures, which sits well above local incomes. That means, against local incomes, buying a house in Bairnsdale looks more stretched than renting.

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 Bairnsdale a good place to invest?

Accepted Answer

Over the most recent 12 months, Bairnsdale's median house value rose 14.8% and its median unit value rose 10.9%, while house rents increased 6.7%.

Put another way, capital growth outpaced rental income growth for houses in Bairnsdale, and house values rose slightly faster than unit values over the period.

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	$546K	N/A
Change in value Past 12 months	14.8%	10.9%
Sold Past 3 months	42	4
Median days on market Past 12 months	56	56
Average rent Past 12 months	$480	$360
Change in rent Past 12 months	6.7%	N/A

	Suburb	VIC
Median age years	44	38
Median household income weekly	$1,101	$1,759
Couples with children share of families	32.5%	45.5%
Couples without children share of families	42.6%	37.6%
One-parent families share of families	22.7%	15.2%
Homes owned outright share of homes	38.2%	33.2%
Homes with a mortgage share of homes	27.1%	37.3%
Homes rented share of homes	34.7%	29.5%

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