Question 1

Is Koondrook a nice place to live?

Accepted Answer

Koondrook is a small Murray River town on the Victorian bank opposite Barham, with a strong riverfront character and easy access to the Barmah-Millewa red gum forest and Barmah National Park. Its river-port and timber heritage comes through in everyday life, where boating, fishing and birdwatching are common. Housing ranges from weatherboard cottages and riverside homes to rural lifestyle blocks. The town has 1,101 residents, a median age of 54 and a median household income of $973 a week; couple families are the dominant household type and most homes are owner-occupied (88.3%).

Local life centres on a modest shopping strip, a pub, river reserves and boat ramps, and the town is connected by road to neighbouring centres while welcoming seasonal campers and river holiday visitors. Parks Victoria is delivering part of the Murray River Adventure Trail, the shire’s waterfront masterplan includes the Koondrook Wharf and nature-based concepts, council has funding for an all-abilities play facility, and the nearest hospital is the Barham Koondrook Soldiers Memorial Hospital in Barham. Whether Koondrook suits you will depend on how much you value river recreation and a small, largely owner-occupied community.

Question 2

Is it expensive to live in Koondrook?

Accepted Answer

Koondrook hasn't had enough recent sales or rentals to publish reliable house or unit price and rent figures. Without those figures, it's not possible to describe how expensive it is to live in Koondrook compared 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 Koondrook a good place to invest?

Accepted Answer

House values in Koondrook climbed a strong 12.8% over the past 12 months, so the capital value of houses has risen notably across that year. That figure is the capital growth measure for the house market over the period.

If rental income is your priority, the rent figures are the ones that matter; whether this capital growth fits 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	N/A	N/A
Change in value Past 12 months	12.8%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	65	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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