Question 1

Is Eureka a nice place to live?

Accepted Answer

Eureka is a compact, historically charged suburb of Ballarat centred on the site of the Eureka Rebellion and the memorial and museum precinct that attract visitors throughout the year. Its streets mix Victorian cottages and more recent townhouses, with pockets of parkland and pleasant outlooks. Sitting a short distance from Ballarat centre and nearby tourist areas such as Sovereign Hill, residents have easy access to shops, cafes and regional services while still walking neighbourhood streets rooted in the gold-rush history.

Eureka is a small community of 633 people with a median age of 38. The typical household earns $1,168 a week, roughly $60,700 a year.

Families are prominent in the suburb: couple families without children are the largest group at 39.4%, while couple families with children account for 31.6%. One-parent families make up 27.1% and other families 1.9%. Together, couple families (with and without children) represent 71.0% of families, or just over seven in ten.

Homes in Eureka are more often owner-occupied than rented. Owner-occupiers make up 58.3% of dwellings (30.5% owned outright and 27.8% owned with a mortgage), while renters account for 41.7%.

Question 2

Is it expensive to live in Eureka?

Accepted Answer

There haven't been enough recent home sales or rentals in Eureka 3350 to publish reliable median price or rent figures. Without those figures, it isn't possible to describe how housing costs compare with local household incomes as recorded at the most recent 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 Eureka a good place to invest?

Accepted Answer

Houses in Eureka recorded a strong rise in value over the last 12 months, with the median house value up 32.0%. For someone weighing Eureka as an investment, that 32.0% figure is the capital-growth movement to note; what that means for you depends on your individual 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	N/A	N/A
Change in value Past 12 months	32.0%	N/A
Sold Past 3 months	3	1
Median days on market Past 12 months	41	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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