Question 1

Is Botanic Ridge a nice place to live?

Accepted Answer

Botanic Ridge is a semi-rural residential suburb in Melbourne's south-east in the City of Casey, with a mix of newer housing estates, lifestyle blocks and pockets of native bush that create a spacious, low-density feel. Properties range from contemporary single-level and two-storey homes on generous lots to occasional small acreage parcels, so it appeals to families and people after room outdoors. It is home to 6,739 people, has a median age of 32 and households are dominated by families, with a high rate of owner occupation.

Everyday needs are met by convenience shops and community facilities, while the nearby Royal Botanic Gardens Cranbourne and local reserves supply walking trails and open green space. Major roads and nearby rail links support commuting, and the suburb is being delivered under a precinct structure plan that includes planned road upgrades, a community centre and new sports facilities. Funding has also been allocated to improve and extend bus services and to expand early childhood and community facilities. Whether Botanic Ridge suits you will come down to whether you want space, a family-weighted suburb and ongoing local development.

Question 2

Is it expensive to live in Botanic Ridge?

Accepted Answer

A median house price of $1,015,000 in Botanic Ridge works out to about 7.6 times a typical local household's annual income at the last Census, which places buying well above local incomes recorded at that Census.

Renting a house at about $650 a week would take roughly 25.5% of a typical local household's weekly income at the last Census (weekly household income $2,552), a moderate share. On these figures, renting looks more manageable than buying for someone weighing the two options.

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 Botanic Ridge a good place to invest?

Accepted Answer

The past year brought a strong rise in house prices in Botanic Ridge, with median house values up 11.0%. House rents increased 4.0% over the same period, a moderate rise, so capital growth outpaced rental growth on the house side.

If rental income is your priority, the 4.0% rent change is the most relevant figure; if you are focused on capital growth, the 11.0% value change is the key number. How that sits with your plans depends on your goals and personal 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	$1.01M	N/A
Change in value Past 12 months	11.0%	N/A
Sold Past 3 months	34	N/A
Median days on market Past 12 months	37	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	4.0%	N/A

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