Question 1

Is East Bairnsdale a nice place to live?

Accepted Answer

East Bairnsdale sits beside the Mitchell River and shows a mix of older weatherboard cottages and later brick homes, mature street trees and a variety of lot sizes.

The community is older and has incomes below the median for Victoria, with couples without children the largest family group at 40.9% of families. Everyday life centres on riverfront reserves, sports ovals and local parks, and the suburb has straightforward road access via the Princes Highway plus bus and cycle links to Bairnsdale’s town centre and regional services. The Crooke Street wetland has opened, providing a recreational area.

Question 2

Is it expensive to live in East Bairnsdale?

Accepted Answer

A typical local household in East Bairnsdale earned about $967 a week at the most recent Census. With house rents around $460 a week, renting a house would take about 48% of a typical local household's weekly income, which is a large share of income. If you're renting rather than buying, that rent share is the figure that matters and whether it feels expensive depends on your own income and circumstances.

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 East Bairnsdale a good place to invest?

Accepted Answer

House values in East Bairnsdale rose 10.2% over the past 12 months, while house rents fell 6.1%.

For houses, the 10.2% rise relates to capital growth and the 6.1% fall relates to rental income, so those two measures moved in opposite directions.

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	10.2%	N/A
Sold Past 3 months	7	1
Median days on market Past 12 months	98	N/A
Average rent Past 12 months	$460	N/A
Change in rent Past 12 months	-6.1%	N/A

	Suburb	VIC
Median age years	45	38
Median household income weekly	$967	$1,759
Couples with children share of families	29.7%	45.5%
Couples without children share of families	40.9%	37.6%
One-parent families share of families	29.4%	15.2%
Homes owned outright share of homes	36.2%	33.2%
Homes with a mortgage share of homes	26.2%	37.3%
Homes rented share of homes	37.6%	29.5%

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