Question 1

Is Caerleon a nice place to live?

Accepted Answer

Caerleon is a semi-rural suburb on the outskirts of Bathurst, defined more by working paddocks than a town centre. Rolling farmland and stands of native eucalypts surround a mix of hobby farms, family homes and older rural homesteads, so properties tend to have generous land and established trees. Everyday needs are met in Bathurst, and local roads connect the area for people who want space for animals, gardens and outdoor pursuits.

With a population of 184 and a median age of 29, Caerleon is a small community weighted towards couple families — about three in four families — and most homes are owner-occupied (61.8%). The suburb contains council utilities, including a waste facility with a 5 MW solar array and a sewage treatment plant, and nearby amenities and works include the Glen Willow regional sporting complex plus proposed road, intersection and shared pedestrian and cycle path upgrades.

Question 2

Is it expensive to live in Caerleon?

Accepted Answer

Buying versus renting in Caerleon looks stretched against what local households earned at the last Census. A median house price of $800,000 is about 7.9 times a typical local household's annual income at the last Census, which sits well above local incomes. Renting a house at about $700 a week would take roughly 36% of a typical local household's weekly income at the last Census, a sizeable share. If you're renting rather than buying, that rent share is the number that matters for your budget.

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 Caerleon a good place to invest?

Accepted Answer

Median house values in Caerleon rose 3.4% over the past 12 months, a modest increase in the suburb’s house prices. That change is the capital-growth figure for houses over the year, so if capital appreciation is what you’re watching this is the number to note. Whether that aligns with your investment goals depends on your own objectives 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	$800K	N/A
Change in value Past 12 months	3.4%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	65	N/A
Average rent Past 12 months	$700	N/A
Change in rent Past 12 months	N/A	N/A

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