Question 1

Is Balnarring a nice place to live?

Accepted Answer

Balnarring is a village-style suburb on the Mornington Peninsula with a coastal and rural character close to Balnarring Beach and the shores of Western Port. The area is framed by farmland, bushland and small acreage properties, so housing ranges from weatherboard cottages in quiet streets to modern country houses and hobby-farm blocks suited to equestrian or gardening interests. The village centre is compact, with cafes, shops, community facilities, local sporting grounds and walking routes nearby.

Home to about 2,371 people, Balnarring is largely owner-occupied (90.6% of dwellings are owned outright or with a mortgage) and couple families make up the bulk of households. The Shire is guiding the township through a structure plan and staged master-plan works for the civic reserve, recreation reserve and foreshore, while upgrades to pavilions, courts, pathways and campground amenities are planned or under way. That combination tends to suit people and families after a relaxed beachside, country lifestyle with room for hobby farming or outdoor pursuits; whether it fits you will depend on what you value in a suburb.

Question 2

Is it expensive to live in Balnarring?

Accepted Answer

House rents in Balnarring run to $815 a week. Against a typical local household income of $1,918 a week as recorded at the most recent Census, that rent would take about 42.5% of income, which is a large share for a typical local household.

If you are renting rather than buying, that rent share is the figure that matters; whether it feels expensive for you 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 Balnarring a good place to invest?

Accepted Answer

House values in Balnarring climbed a strong 10.4% over the past 12 months, while house rents rose a more modest 4.5% in the same period. For someone weighing Balnarring up as an investment, that means capital growth has outpaced rental growth this year, and the rent figure is the one to watch if steady rental income is your priority; how attractive that mix is will depend on your own goals and 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	N/A	N/A
Change in value Past 12 months	10.4%	N/A
Sold Past 3 months	7	1
Median days on market Past 12 months	45	N/A
Average rent Past 12 months	$815	N/A
Change in rent Past 12 months	4.5%	N/A

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