Question 1

Is Largs a nice place to live?

Accepted Answer

Largs is a small rural village in the Hunter Region set among rolling farmland and patches of native bush. It has a country feel, with family-run farms and acreages sitting alongside timber and weatherboard cottages on quiet streets. The population is 1,962 and families are the dominant household type, with most homes owner-occupied (83.2%). The lifestyle is relaxed and rural, appealing to people who work the land or who want a quieter home while remaining within reach of larger regional centres.

Local facilities are limited, so residents rely on neighbouring towns for major shopping, schools and health services, but recent local works have made everyday life easier. A new $754,000 skate park at the Ernie Jurd sports site provides a pump track, half pipe, grind rail and shade and seating; a footpath project improved walking and cycling links between Largs School, Largs Oval, the local arts hall and Dunmore Road; Largs Public School’s Cooler Classrooms project is complete; and regional bus route 185 now has additional weekend services. Whether Largs suits you comes down to the quieter, country lifestyle it represents.

Question 2

Is it expensive to live in Largs?

Accepted Answer

In Largs, house rent is about $650 a week while the typical household earned $2,065 a week at the last Census. On those figures, paying that rent would take about 31.5% of a typical local household's weekly income at the last Census, a sizeable share of income, so if you are renting that is the most relevant measure to watch.

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 Largs a good place to invest?

Accepted Answer

If you're weighing up Largs as an investment, the clearest movement over the past 12 months is in houses. Median house values rose 6.6% over the year, while the rent those houses attracted edged up 0.8%. In other words, capital growth for houses outpaced rental income growth this year.

Which statistic matters most depends on your goals: the value change relates to capital growth, the rent change to rental income. Whether that balance suits you depends on your own objectives 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	6.6%	N/A
Sold Past 3 months	8	2
Median days on market Past 12 months	37	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	0.8%	N/A

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