Question 1

Is Newmerella a nice place to live?

Accepted Answer

Newmerella is a small rural locality in East Gippsland on the East Gippsland Rail Trail, close to Orbost and the Snowy River.

The community is older and includes many couples without children at home, with 57.2% of homes owned outright. Local services within the locality are limited, so shopping, schools and community facilities are in nearby Orbost and the Princes Highway provides the main road link, while restoration of the Snowy River viaduct was underway to return the historic trestle to use for walking and cycling.

Question 2

Is it expensive to live in Newmerella?

Accepted Answer

There haven't been enough recent sales or rentals in Newmerella to publish reliable house or unit prices or rents, so it's not possible to say how expensive living in Newmerella is compared with local incomes. For reference, a typical local household earned about $1,132 a week at the most recent Census, but that income on its own doesn't let us judge affordability without current prices or rents.

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 Newmerella a good place to invest?

Accepted Answer

Newmerella hasn't had enough recent sales to put reliable figures on how its house or unit prices and rents have moved. Without those published movements, there isn't a clear picture of how Newmerella has performed as an investment.

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	N/A	N/A
Sold Past 3 months	1	N/A
Median days on market Past 12 months	N/A	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	49	38
Median household income weekly	$1,132	$1,759
Couples with children share of families	31.8%	45.5%
Couples without children share of families	57.3%	37.6%
One-parent families share of families	10.9%	15.2%
Homes owned outright share of homes	57.2%	33.2%
Homes with a mortgage share of homes	29.7%	37.3%
Homes rented share of homes	13.1%	29.5%

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