Question 1

Is Lucknow a nice place to live?

Accepted Answer

Lucknow sits beside RAAF Base East Sale, with a semi-rural, country-flavoured feel of generous blocks and established gardens alongside small shopping areas and parkland.

It is an older community with many households owning their homes outright (45.0%) and incomes below the Victorian median. Everyday amenities include Lucknow Primary School on Balmoral Crescent, local shopping, community and sporting facilities, and road links that give straightforward access to Sale's services.

Question 2

Is it expensive to live in Lucknow?

Accepted Answer

A typical local household earned about $1,361 a week at the last Census. In Lucknow, a median house price of $595,000 works out to about 8.4 times a typical local annual household income, which sits well above local incomes. Renting a house at about $540 a week would use roughly 40% of that weekly household income, a sizeable share.

If you're renting, that rent share is the most relevant figure; if you're buying, the price multiple shows how buying relates to what a typical local household earned at the last Census. Which of those matters most depends on whether you plan to rent or buy.

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 Lucknow a good place to invest?

Accepted Answer

A notable feature for Lucknow is that house values rose 7.6% in the last 12 months, while house rents fell 1.8% over the same period. On houses, that means capital growth outpaced rental income, with values increasing as rents edged down.

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	$595K	N/A
Change in value Past 12 months	7.6%	N/A
Sold Past 3 months	17	1
Median days on market Past 12 months	38	N/A
Average rent Past 12 months	$540	N/A
Change in rent Past 12 months	-1.8%	N/A

	Suburb	VIC
Median age years	43	38
Median household income weekly	$1,361	$1,759
Couples with children share of families	37.7%	45.5%
Couples without children share of families	47.9%	37.6%
One-parent families share of families	12.8%	15.2%
Homes owned outright share of homes	45.0%	33.2%
Homes with a mortgage share of homes	37.3%	37.3%
Homes rented share of homes	17.8%	29.5%

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