Question 1

Is Daylesford a nice place to live?

Accepted Answer

Daylesford sits in Victoria's spa country, centred on Lake Daylesford and close to Hepburn Springs. It has a compact main street of cafés, galleries and boutique shops alongside historic Victorian and weatherboard cottages, and attracts visitors for day spas, dining and gallery shows. Residents are a mix of retirees, creatives and people who moved for a quieter lifestyle. The town has 2,781 people, a median age of 55, and homes are mostly owner-occupied.

Surrounded by forested hills and the Wombat Hill Botanic Gardens, Daylesford is connected by regional roads and coach links and is seeing a range of local projects: a council-led Town Hall community hub with a new library and multipurpose space, a Hepburn Mineral Springs Reserve masterplan with Central Springs Reserve works already completed, upgraded lighting at Victoria Park, a health campus redevelopment that restored surgical services, and planning support to expand the community child care centre. Whether that mix of wellness, arts, nature and quieter town life suits you depends on what you value in a place to live.

Question 2

Is it expensive to live in Daylesford?

Accepted Answer

Against the local household income recorded at the last Census, a $750,000 median house price in Daylesford works out to about 12.2 times a typical local household's annual income at the last Census. On the rental side, a house rent of $540 a week would take about 45.6% of that weekly household income at the last Census, a large share, while a unit rent of $410 a week would take about 34.6%, a sizeable share. On these figures, buying sits well above what a typical local household earned at the last Census, and renting also takes a substantial slice of those 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 Daylesford a good place to invest?

Accepted Answer

If you're weighing Daylesford as an investment, the 12-month figures present a mixed picture. House values fell 4.0% over the year, a moderate decline in capital value, while the rent a house earns rose 2.9%, a modest increase in rental income. Unit rents moved the other way, down 3.1% over the same period. Whether that combination of capital movement and rental income fits your plans depends on your investment 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	$750K	N/A
Change in value Past 12 months	-4.0%	N/A
Sold Past 3 months	19	N/A
Median days on market Past 12 months	109	N/A
Average rent Past 12 months	$540	$410
Change in rent Past 12 months	2.9%	-3.1%

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