Question 1

Is Bellingen a nice place to live?

Accepted Answer

Bellingen is a riverside town on the Bellinger River with a tree-lined main street of timber cottages, independent shops, cafes, galleries and a regular market.

The town is an older community with incomes below the NSW median, and couples with children make up 36.9% of families. Local services and community facilities sit around the village centre, and the Mid North Coast Local Health District has committed to re-opening Hartley House's 14-bed medical ward at Bellinger River District Hospital, subject to recruitment of sufficient staff.

Question 2

Is it expensive to live in Bellingen?

Accepted Answer

A typical local household in Bellingen earned about $1,268 a week at the most recent Census. With house rents running to $650 a week, renting would take about 51% of that weekly household income, a large share of income. The median house price of $835,000 is about 12.7 times a typical local annual household income, which sits well above local incomes on these measures.

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 Bellingen a good place to invest?

Accepted Answer

What stands out in Bellingen is that house rents and values moved in opposite directions over the past 12 months: house rents rose 3.2% while median house values fell 2.3%. For house investors, that means rental income has edged up modestly while capital value has eased modestly.

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	$835K	N/A
Change in value Past 12 months	-2.3%	N/A
Sold Past 3 months	15	2
Median days on market Past 12 months	118	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	3.2%	N/A

	Suburb	NSW
Median age years	44	39
Median household income weekly	$1,268	$1,829
Couples with children share of families	36.9%	44.7%
Couples without children share of families	36.7%	37.9%
One-parent families share of families	25.1%	15.8%
Homes owned outright share of homes	40.0%	32.6%
Homes with a mortgage share of homes	33.4%	33.6%
Homes rented share of homes	26.6%	33.7%

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