Question 1

Is Chum Creek a nice place to live?

Accepted Answer

Chum Creek is a quiet rural-residential locality in the Yarra Ranges, centred on the small waterway that gives the suburb its name and ringed by bushland, paddocks and rolling hills. It attracts people after a country lifestyle: families seeking space, hobby farmers and those who prefer timber cottages or low-density acreage to suburban streets. There is a strong bush and creekside character with native birdlife, garden space and room for horses or vegetable plots. The community of 981 has a median age of 45 and a median household weekly income of $1,902, and households are dominated by families; most homes are owner-occupied (41.7% owned outright, 51.7% with a mortgage) while 6.6% are rented.

Daily shops and services are found in nearby Healesville and local roads link residents to the wider Yarra Valley. Local infrastructure work includes a council Roads for the Community project for Arthurs Road described as a 3.5-metre asphalt pavement with shoulders and drainage improvements, and an AusNet program that replaced ageing single-wire bare powerlines with insulated lines and new poles. Council and state plans record fuel-reduction works on local routes, and a proposal to seal sections of the Barkers Road group has been paused. Whether Chum Creek suits you will come down to whether you want low-density country living with access to nearby town services.

Question 2

Is it expensive to live in Chum Creek?

Accepted Answer

There haven't been enough recent sales or rentals in Chum Creek (VIC 3777) to publish reliable house or unit prices or typical rents. With only the median total household income recorded at the most recent Census, about $1,902 a week, those income figures alone don't let us say how expensive it is to live in Chum Creek compared with local housing costs.

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 Chum Creek a good place to invest?

Accepted Answer

House values in Chum Creek fell 10.8% over the past 12 months, a large decline in what houses were worth over the year. For someone weighing Chum Creek as an investment, that movement is the capital-growth figure to consider.

Whether that outcome fits your goals and timeframe is something only you can judge; these numbers describe the past year's movement and do not predict future performance.

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	-10.8%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	23	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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