Question 1

Is Edenhope a nice place to live?

Accepted Answer

Edenhope sits on the shores of Lake Wallace in western Victoria, where the foreshore and wetlands are a local focus for walking, birdwatching and weekend gatherings. A compact agricultural town, it supports surrounding cropping and grazing properties and attracts farming families, retirees and people after a quieter pace of life. The main street supplies shops and basic services, and sporting clubs, a community centre and the town reserve underpin local social life. Housing ranges from modest period cottages and brick homes to larger rural blocks on the town fringe, with regional roads linking residents to wider services.

The community numbers 937 with a median age of 54 and a typical household income of $963 a week, roughly $50,000 a year. Family life is dominated by couples and most homes are owner-occupied (76.2%). Several public projects are planned or under way, including a funded upgrade to Edenhope College, a water treatment plant upgrade, an 18-bed high care residential aged care facility at the hospital, and council works around the swimming centre, a Lake Wallace shelter, the recreation reserve and key worker accommodation.

Question 2

Is it expensive to live in Edenhope?

Accepted Answer

For Edenhope, there haven't been enough recent sales or rentals to publish reliable house or unit prices and rents. With only the local median household income from the most recent Census available, it's not possible to say how expensive it is to live in Edenhope compared with what households there earned at the last Census.

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 Edenhope a good place to invest?

Accepted Answer

House values in Edenhope rose 22.0% over the past 12 months, a strong increase that represents notable capital growth for houses in the suburb during that period. Whether that movement suits your investment goals depends on your own priorities 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	N/A	N/A
Change in value Past 12 months	22.0%	N/A
Sold Past 3 months	8	N/A
Median days on market Past 12 months	32	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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