Question 1

Is Buninyong a nice place to live?

Accepted Answer

Buninyong sits on the wooded slopes of Mount Buninyong and has a historic, village feel. Its compact, tree-lined main street of Victorian and bluestone buildings houses cafes, antique and boutique shops and local pubs, while the reserve on the mountain provides walking tracks and a lookout over the plains. Residents include families, artists and retirees who value the relaxed pace, regular markets and community events, and there is easy access to surrounding farmland for riding and walking. Basic services, schools and bus links to Ballarat cover everyday needs.

The town is home to 3,797 people, with a median age of 45 and a high rate of owner-occupation (86.6% of homes). Housing ranges from restored 19th-century cottages and heritage homes in the village to larger garden and rural-residential blocks on the outskirts. Several council-led projects are under way to improve the botanic gardens, Town Hall accessibility, sports facilities and visitor amenities on the Goldfields Track. Whether Buninyong suits you will come down to whether you want a small, settled township with nearby outdoor options and a relaxed pace.

Question 2

Is it expensive to live in Buninyong?

Accepted Answer

At Buninyong’s median house price of $960,000, buying a house works out to about 10.6 times a typical local household’s annual income at the last Census (based on a weekly household income of $1,745), which places buying well above local incomes. Renting a house at about $450 a week would take roughly 26% of that typical weekly household income at the last Census, a moderate share, so on these figures renting looks less stretched against local incomes than buying.

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 Buninyong a good place to invest?

Accepted Answer

These figures give a mixed picture for house investors in Buninyong. Over the past 12 months house values edged up 1.3%, while the rent those houses earn fell 1.1% over the same period. That means capital value and rental income moved in opposite directions for houses this year, so which of those outcomes matters most 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	$960K	N/A
Change in value Past 12 months	1.3%	N/A
Sold Past 3 months	13	1
Median days on market Past 12 months	43	N/A
Average rent Past 12 months	$450	N/A
Change in rent Past 12 months	-1.1%	N/A

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