Question 1

Is Newlands Arm a nice place to live?

Accepted Answer

Newlands Arm is a quiet rural locality near the Gippsland Lakes, with lakeside foreshore, inlets and wetlands where boating, fishing and birdwatching are common.

It is an older community where couples without children at home make up 66.1% of families and many households own their homes outright. Local services are limited, so residents rely on nearby regional centres for shopping and schools, and the landscape retains a strong focus on outdoor recreation and seasonal water-based activities. The Dinni Birraark Walk will be upgraded, covering a 372 metre section between Backwater Court and Kellina Court and including about 60 metres of rock beaching along the shoreline.

Question 2

Is it expensive to live in Newlands Arm?

Accepted Answer

There haven't been enough recent sales or rentals in Newlands Arm to publish reliable prices or rents for houses and units, so it's not possible to describe how expensive it is to live here compared with local incomes. A typical local household earned about $1,143 a week at the most recent 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 Newlands Arm a good place to invest?

Accepted Answer

House values in Newlands Arm rose a modest 3.8% over the past 12 months. That 3.8% describes the recent change in capital value for houses and is the movement to watch if your interest is in house capital growth.

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	3.8%	N/A
Sold Past 3 months	1	N/A
Median days on market Past 12 months	74	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	VIC
Median age years	60	38
Median household income weekly	$1,143	$1,759
Couples with children share of families	24.8%	45.5%
Couples without children share of families	66.1%	37.6%
One-parent families share of families	7.7%	15.2%
Homes owned outright share of homes	66.4%	33.2%
Homes with a mortgage share of homes	26.8%	37.3%
Homes rented share of homes	6.8%	29.5%

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