Question 1

Is Golden Beach a nice place to live?

Accepted Answer

Golden Beach is a small coastal village near Ninety Mile Beach and the Gippsland Lakes, with low-rise housing tucked among dune and coastal reserve vegetation.

The community is older, with incomes below the median for Victoria and 80.2% of families classed as couple families without children. Local services are modest, centred on the Golden-Paradise Beach Community Hall and linked by a coastal road to other Gippsland towns, while everyday life is shaped by long sandy beaches for walking, surf fishing, birdwatching in nearby wetlands and boating on the adjacent waterways.

Question 2

Is it expensive to live in Golden Beach?

Accepted Answer

There hasn't been enough recent sales or rental activity in Golden Beach to publish reliable house or unit prices or rents, so it's not possible to say how expensive it is to live there compared with local incomes. A typical local household earned about $714 a week at the most recent Census, but that income figure alone doesn't show whether housing costs are high or low.

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 Golden Beach a good place to invest?

Accepted Answer

A sharp 10.5% fall in median house values in Golden Beach over the past twelve months is the main movement shown. For house owners, that change represents a decline in capital value over that period.

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	-10.5%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	88	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	VIC
Median age years	60	38
Median household income weekly	$714	$1,759
Couples with children share of families	11.5%	45.5%
Couples without children share of families	80.2%	37.6%
One-parent families share of families	5.2%	15.2%
Homes owned outright share of homes	60.4%	33.2%
Homes with a mortgage share of homes	28.6%	37.3%
Homes rented share of homes	11.0%	29.5%

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