Question 1

Is Braemar a nice place to live?

Accepted Answer

Braemar is a semi-rural suburb in the Southern Highlands on the edge of Mittagong and Bowral, where a country feel meets light commercial activity. Small farms and hobby acreage sit alongside pockets of industrial and service businesses, so housing ranges from rural holdings to smaller residential blocks. The landscape is open and gently undulating, and the suburb has a quieter pace than the nearby town centres while still offering easy access to their shops and cafes and straightforward road links via the Hume Highway.

The community numbers about 966 people with a median age of 34 and a typical household weekly income of $1,930 (roughly $100,360 a year). Families make up the bulk of households, and around seven in ten homes are owner-occupied. There are no significant new infrastructure or development projects at this time; Braemar Cottage has been recommended for heritage listing and the former Picton Loop Line runs beside Railway Parade in minor use. Whether Braemar suits you will come down to whether you want a semi-rural setting close to town amenities.

Question 2

Is it expensive to live in Braemar?

Accepted Answer

Renting a house in Braemar runs to about $790 a week, which is roughly 41% of a typical local household's weekly income at the last Census. On these figures, that is a large share of income, so renting a house here would take a substantial portion of what a typical local household earned at the last Census.

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 Braemar a good place to invest?

Accepted Answer

Rents for houses in Braemar climbed 12.9% over the past year, a strong rise in the rental income a house can bring. House values in Braemar rose 1.3% over the same period, a slight increase, so over the year house rents have increased faster than house prices.

If rental income is your priority, that strong rent growth is the figure that matters; if capital growth is your priority, the smaller change in house values is the relevant number. Whether that balance makes Braemar the right investment for you depends on your 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	1.3%	N/A
Sold Past 3 months	5	N/A
Median days on market Past 12 months	97	N/A
Average rent Past 12 months	$790	N/A
Change in rent Past 12 months	12.9%	N/A

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