Question 1

Is Bundanoon a nice place to live?

Accepted Answer

Bundanoon is a cool-climate Southern Highlands village with a pronounced village feel, tree-lined streets and a mix of stone cottages, Federation homes and cottage gardens. The town centres on a compact main street of independent shops, cafes and community facilities, and keeps a steady calendar of local events that draw visitors, most famously the annual Highland gathering. Residents have easy access to surrounding bushland, walking tracks and picnic spots, and the regional train line serves the town, which makes it popular with families, retirees and people after a quiet country village lifestyle.

Home to 2,869 people with a median age of 59 and a typical household income of $1,290 a week, Bundanoon is weighted towards couple households and has high owner-occupancy (86.8% of homes). Local council planning is shaping public infrastructure through a village place plan, an oval masterplan and drainage masterplanning, and the village plan includes short-term actions such as an accessible parking space at the train station. Shire-level aquatics planning has also proposed a regional facility and discussed implications for local pools with the community.

Question 2

Is it expensive to live in Bundanoon?

Accepted Answer

Housing costs in Bundanoon sit well above local incomes as recorded at the last Census. The median house price of $1,115,000 is about 16.6 times a typical local household's annual income at the last Census, which is well above local incomes. Renting a house at about $700 a week would take roughly 54.3% of a typical local household's weekly income at the last Census, a large share. If you're choosing between renting and buying, those two figures are the most relevant ways to compare the suburb's costs against what people locally 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 Bundanoon a good place to invest?

Accepted Answer

Over the past 12 months house values in Bundanoon rose 7.2%, a solid increase, while house rents grew 2.9%, a modest rise. That means capital growth has been the stronger performer for houses this year, while rental income has increased more gently. If you are weighing Bundanoon up as an investment, the value change points to the capital growth side and the rent change to the income side; which matters more 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	$1.11M	N/A
Change in value Past 12 months	7.2%	N/A
Sold Past 3 months	23	1
Median days on market Past 12 months	113	N/A
Average rent Past 12 months	$700	N/A
Change in rent Past 12 months	2.9%	N/A

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