Question 1

Is Jackass Flat a nice place to live?

Accepted Answer

Jackass Flat is a semi-rural suburb on Bendigo’s northern fringe that blends country living with access to city services. Open paddocks, pockets of native bush and a mix of rural residential blocks and newer housing mean properties range from acreage to conventional suburban lots. Streets tend to be quiet and practical, local reserves and birdlife give the area a rural character, and the Jackass Flat Nature Conservation Reserve sits within the suburb.

With 1,907 residents and a median age of 28, the community is weighted towards families, and homes are mostly owner-occupied (65.9%) though about a third are rented. The median household income is $1,805 a week (around $93,860 a year). A recent pedestrian upgrade added a footpath on Jobs Gully Road, and the EPA records a historical mine tailings deposit at Prouses Road. Whether Jackass Flat suits you will come down to whether you want extra outdoor space, a younger, family-weighted community and easy driving access to Bendigo’s shops, schools and medical services.

Question 2

Is it expensive to live in Jackass Flat?

Accepted Answer

On the figures for Jackass Flat, a house rent of $580 a week would take about 32.1% of a typical local household's weekly income as recorded at the most recent Census, so renting a house would use a sizeable share of that income. The median house price of $680,000 is about 7.2 times a typical local annual household income at the last Census, which places buying well above local incomes. Buying here looks more stretched against local incomes than renting; whether that feels expensive depends 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 Jackass Flat a good place to invest?

Accepted Answer

The clearest movement over the past year is in house prices, which jumped 19.3%, a strong rise. House rents also climbed, up 9.4% over the year, a solid gain. In Jackass Flat that means capital growth on houses outpaced the increase in rental income during the year.

If rental income is your priority, the 9.4% rise in house rents is the figure that matters; if capital gain matters more, the 19.3% lift in house values is most relevant. Whether that balance suits you 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	$680K	N/A
Change in value Past 12 months	19.3%	N/A
Sold Past 3 months	13	N/A
Median days on market Past 12 months	21	N/A
Average rent Past 12 months	$580	N/A
Change in rent Past 12 months	9.4%	N/A

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