Question 1

Is Euroa a nice place to live?

Accepted Answer

Euroa's historic bluestone buildings and the Seven Creeks winding through leafy streets give the town a relaxed, small-town character. The main street has period shops, cafes and pubs and acts as a service hub for surrounding farmland. Housing ranges from Victorian and Edwardian cottages to newer family homes and small rural properties on the town fringe, so there are different options for buyers and renters.

With a community of 3,508 people and a median age of 54, Euroa is weighted towards established, owner-occupied households (76.2% owner-occupation) and couple families. The town is served by the Hume Highway and regional rail and has ready access to the Strathbogie Ranges, sporting clubs, markets and community events. Major local projects are reshaping the rail precinct, and health, school and park upgrades are under way, so day-to-day amenities and public infrastructure are steadily being refreshed. Whether Euroa suits you comes down to the kind of country-town life you want.

Question 2

Is it expensive to live in Euroa?

Accepted Answer

Housing costs in Euroa sit high against local incomes as recorded at the most recent Census. A typical local household earned $1,079 a week at the last Census. With a median house price of $560,000, buying a house works out to about 10.0 times a typical local annual household income at the last Census, which sits well above local incomes. Renting a house at around $500 a week would take roughly 46.4% of that weekly household income, a large share of income. Which of those figures matters most depends on whether you plan to buy or rent and on your own 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 Euroa a good place to invest?

Accepted Answer

House values in Euroa climbed 12.7% over the past 12 months, a strong rise in what a house is worth. House rents also rose, up 5.3% over the year, a solid increase in rental income. Taken together, the figures show that over the past year capital growth outpaced rental growth on the house side.

There isn't enough recent data to report on unit values or unit rents for the same period, so the movement above relates only to houses.

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	$560K	N/A
Change in value Past 12 months	12.7%	N/A
Sold Past 3 months	13	1
Median days on market Past 12 months	71	N/A
Average rent Past 12 months	$500	N/A
Change in rent Past 12 months	5.3%	N/A

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