Question 1

Is Cann River a nice place to live?

Accepted Answer

Cann River is a small service town on the Cann River beside the Princes Highway. It serves as a regular stopping point for travellers and as a base for bushwalking, fishing and sightseeing in the surrounding high country.

The community is older, with incomes below the median for Victoria and many households owning their homes outright, and at the 2021 Census 197 people lived in Cann River. Local life centres on outdoor recreation, forestry and farming, with the highway providing the main link for services and supplies, and a town improvement program has rebuilt the skate park, delivered a Changing Places accessible toilet and progressed on-street parking, footpath links and road pavement sealing.

Question 2

Is it expensive to live in Cann River?

Accepted Answer

There haven't been enough recent sales or rentals in Cann River to put reliable figures on what homes cost to buy or rent. A typical local household earned about $642 a week at the last Census, so without current price or rent figures there isn't a clear picture of how expensive it is to live in Cann River compared with local incomes.

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 Cann River a good place to invest?

Accepted Answer

Cann River hasn't had enough recent sales to put reliable figures on how house or unit values and rents have moved. Without that data, there isn't a clear picture of how it has performed as an investment.

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	N/A	N/A
Sold Past 3 months	N/A	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	VIC
Median age years	52	38
Median household income weekly	$642	$1,759
Couples with children share of families	28.6%	45.5%
Couples without children share of families	51.0%	37.6%
One-parent families share of families	20.4%	15.2%
Homes owned outright share of homes	50.0%	33.2%
Homes with a mortgage share of homes	17.9%	37.3%
Homes rented share of homes	32.1%	29.5%

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