Question 1

Is Learmonth a nice place to live?

Accepted Answer

Learmonth is a small lakeside town centred on Lake Learmonth with a country-village character, tree-lined streets, older weatherboard and brick homes and surrounding hobby farms. The foreshore reserve and open water draw boating, fishing and birdwatching, creating a recreational, outdoors feel. It attracts a mix of families, retirees and people with holiday houses. The community is 396 people with a median age of 45 and a typical household income of $1,520 a week.

Basic local services sit alongside the lake while larger shops and services are in Ballarat, and access is by local roads rather than rail. Most homes are owner-occupied, about 88.3% combined. Recent investment has upgraded community and foreshore facilities, including a purpose-built community shed, improved sports courts and lighting, new pathways, a lookout and a bird-hide, with further reserve and caravan park works planned. Whether Learmonth suits you will depend on whether you want a quieter, lakeside country-village pace with local outdoor amenities.

Question 2

Is it expensive to live in Learmonth?

Accepted Answer

There haven't been enough recent sales or rentals in Learmonth to publish reliable house or unit prices or typical rents, so it's not possible to say how expensive housing is here compared with local incomes at the last 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 Learmonth a good place to invest?

Accepted Answer

There haven't been enough recent sales in Learmonth to publish reliable figures on how house or unit prices and rents moved over the past year. Without those figures, the available data doesn't give a clear picture of how the suburb performed as an investment during 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	N/A	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	85	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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