Question 1

Is Munro a nice place to live?

Accepted Answer

Munro is a small rural locality near Bairnsdale characterised by broad agricultural paddocks, grazing country and scattered farmsteads. It suits people seeking a quiet country lifestyle with larger blocks and simple homes while remaining within reach of town services, since shopping, schools and medical care are found in neighbouring towns. Local roads connect to the Princes Highway and the wider Gippsland coast and lakes, and the landscape provides open skies, agricultural vistas and pockets of native bush; the former Munro station on the Bairnsdale rail line is closed.

With 167 residents and a median age of 53, Munro is a very small, settled community. Median total household income is $1,357 a week, roughly $70,564 a year, and families are concentrated in couple households (54.8% without children, 26.2% with children, 19.0% one-parent families; 81.0% are couple families). Homes are overwhelmingly owner-occupied (61.1% owned outright, 33.3% with a mortgage, 94.4% combined) and renters make up 5.6% of dwellings. That mix tends to suit people who want a low-density, owner-occupied rural setting and are prepared to rely on nearby towns for services.

Question 2

Is it expensive to live in Munro?

Accepted Answer

There haven't been enough recent sales or rentals in Munro to publish reliable house or unit prices and rent figures. Without those market figures, it's not possible to say how expensive it is to live in Munro compared with local household 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 Munro a good place to invest?

Accepted Answer

Munro hasn't had enough recent sales to publish reliable figures on how house or unit values and rents changed over the past year. Without those published movements, there isn't a clear picture from the numbers 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.

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