Question 1

Is Derrinallum a nice place to live?

Accepted Answer

Derrinallum is a small country town on western Victoria’s volcanic plains, visually anchored by the conical rise of Mount Elephant. It serves surrounding sheep and cropping properties and has a tidy main street of country shops, a hotel and civic buildings. Housing ranges from weatherboard cottages and brick homes close to town to larger rural properties and small acreages around the outskirts, and the pace is relaxed and outdoors-oriented with walking and farm-based recreation on the doorstep and sealed regional roads linking to nearby centres.

The community is small, with 386 residents and a median age of 55, and a typical household income of $946 a week (roughly $49,200 a year). Family households are dominated by couples, with 58.2% couple families without children and 30.6% with children, and about 85.4% of homes are owner-occupied. Local amenity includes Derrinallum P–12 College, the Mount Elephant Centre, and a number of council and federal projects such as replacement of the public toilet block, Recreation Reserve play equipment and a listed skateboard park; whether it suits you depends on what you are after.

Question 2

Is it expensive to live in Derrinallum?

Accepted Answer

Derrinallum hasn't had enough recent property sales or rentals to publish reliable house or unit price and rent figures. Without current prices and rents, there isn't a clear picture of how expensive it is to live here 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 Derrinallum a good place to invest?

Accepted Answer

Derrinallum hasn't had enough recent sales to put reliable 12-month figures on how house or unit values and rents have moved. Without those published numbers, there isn't a clear picture of how the suburb has performed as an investment over the past year.

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	1	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

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