Question 1

Is Lockwood South a nice place to live?

Accepted Answer

Lockwood South sits on the southern fringe of Bendigo as a rural-residential suburb amid rolling paddocks and stands of native trees. Properties range from lifestyle blocks and hobby farms to older weatherboard cottages and newer single-storey homes, and residents tend to be families, horse owners and commuters seeking more space and privacy. Local commercial facilities are limited, so most people use Bendigo for shopping, schools and health services, while enjoying quiet streets and a broad rural outlook.

The community numbers 1,052 people with a median age of 41 and a median total household income of $2,112 a week, about $109,824 a year. Household composition is strongly family-oriented, and homes are overwhelmingly owner-occupied (96.1% owned, 4.0% rented). Lockwood South Primary School is recorded to receive state maintenance funding, open space includes Happy Jack Reserve (heritage overlaid) and the Lockwood South hall has recent community support, and the locality is served by the V/Line roadside stop Lockwood South - Spring Creek on the Calder Alternative Highway.

Question 2

Is it expensive to live in Lockwood South?

Accepted Answer

There haven't been enough recent sales or rentals in Lockwood South to publish reliable house or unit prices or typical rents. With only the suburb's median household income from the most recent Census available, it's not possible to say how expensive living in Lockwood South is compared with what local households earned 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 Lockwood South a good place to invest?

Accepted Answer

Over the past 12 months house values in Lockwood South rose 2.7%, a modest increase in what houses are worth in the suburb.

If you are assessing Lockwood South as an investment, that 2.7% figure is the one that speaks to capital growth over the year; whether a modest 12-month gain like this fits your plans 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	2.7%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	71	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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