Question 1

Is Naracoorte a nice place to live?

Accepted Answer

Naracoorte is a regional service town in South Australia’s Limestone Coast, known for the Naracoorte Caves National Park and the surrounding limestone country and wetlands. The local rhythm blends farming activity with everyday town life, and residents include farming families, tradespeople and retirees. Housing ranges from older weatherboard and stone cottages to more recent suburban lots and larger rural properties. The community numbers 6,211 people with a median age of 40, households are largely family-based and skew towards couples, and roughly three in four homes are owner-occupied.

Day-to-day life centres on easy access to shops, schools, medical and community facilities, local sporting clubs and food producers, while the Riddoch Highway is the main road link. Several government-led projects are under way or planned, including an $8 million hospital upgrade, major road works and masterplans for a swimming lake and sports centre, plus a new police station project. That combination of services, housing variety and connection to surrounding farms will suit people who want a regional town with local facilities; whether it fits you depends on what you’re after.

Question 2

Is it expensive to live in Naracoorte?

Accepted Answer

Housing costs in Naracoorte 5271 look different depending on whether you're buying or renting. A typical local household earned $1,373 a week at the last Census. With house rents around $410 a week, rent would take about 29.9% of a typical local household's weekly income at the last Census, or just under a third. The median house price of $435,000 works out to about 6.1 times a typical local household's annual income at the last Census, which sits in the well above local incomes range. For many people these two numbers — the rent share if you plan to rent, and the price multiple if you plan to buy — will be the most relevant when judging cost.

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 Naracoorte a good place to invest?

Accepted Answer

House values in Naracoorte climbed 13.9% over the past 12 months, a strong rise, and house rents increased 12.3% in the same period, also a strong gain. Both the capital value and the rental income for houses moved up over the year, with values slightly outpacing rents.

If you are weighing Naracoorte as an investment, these numbers show the relative performance of houses over the last year: capital growth was a little stronger than rental growth. Which of those matters more will depend on your own goals 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	$435K	N/A
Change in value Past 12 months	13.9%	N/A
Sold Past 3 months	30	1
Median days on market Past 12 months	63	N/A
Average rent Past 12 months	$410	N/A
Change in rent Past 12 months	12.3%	N/A

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