Question 1

Is Flora Hill a nice place to live?

Accepted Answer

Flora Hill is an inner-urban Bendigo suburb with leafy streets, established gardens and a mix of weatherboard cottages, character homes and more recent units. The La Trobe University Bendigo campus gives parts of the area a student-oriented buzz while also attracting academic staff and families. Residents have easy access to green open space and sports ovals, a cluster of neighbourhood shops and cafés near the campus, and straightforward bus connections into the Bendigo centre.

About 3,989 people live in Flora Hill and the median age is 32, reflecting a relatively young community; housing is slightly more likely to be rented than owner-occupied and families of different types are well represented. Campus upgrades and a new residential project that will include social and affordable dwellings are under way, so whether Flora Hill suits you comes down to how much you value proximity to university life, parks and local shops.

Question 2

Is it expensive to live in Flora Hill?

Accepted Answer

Buying in Flora Hill sits well above local incomes at the last Census. A median house price of $627,500 works out to about nine times a typical local annual household income at the last Census (median weekly household income $1,347 ? $70,044 a year). Renting still takes a sizeable share of income: the average house rent of $480 a week is about 35.6% of a typical local household's weekly income at the last Census, while the average unit rent of $430 a week is about 31.9%. If you plan to rent rather than buy, those rent shares are likely the most relevant figures for you.

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 Flora Hill a good place to invest?

Accepted Answer

The standout movement in Flora Hill over the past year is unit rents, which jumped 14.7%. House values also rose, up 9.3% over the year, a solid increase, while unit values climbed a more modest 3.0% and house rents edged up 2.1%.

If rental income is your priority, the strong rise in unit rents is the most relevant figure. If you are more focused on capital growth, the 9.3% increase in house values is the larger gain this year. Whether those outcomes suit your plans depends on your own 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	$628K	N/A
Change in value Past 12 months	9.3%	3.0%
Sold Past 3 months	16	5
Median days on market Past 12 months	21	16
Average rent Past 12 months	$480	$430
Change in rent Past 12 months	2.1%	14.7%

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