Question 1

Is Newry a nice place to live?

Accepted Answer

Newry is a small rural locality in Gippsland, defined by open farmland and rolling paddocks, with low-density farms and rural-residential blocks along tree-lined lanes.

The community has 451 residents, with couples without children the largest family group and most homes owner-occupied, and daily life centres on outdoor pursuits with nearby bushland and waterways for walking, riding and fishing and regional roads linking to surrounding towns and services. The Maffra-Newry Road drainage upgrade is at the stage of inviting tenders and includes culvert replacement.

Question 2

Is it expensive to live in Newry?

Accepted Answer

At the most recent Census, the median total household income in Newry was $1,803 a week. There haven't been enough recent sales or rentals in Newry to publish reliable house or unit prices and rents, so it's not possible to describe how expensive housing is here compared with that local income.

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 Newry a good place to invest?

Accepted Answer

Newry hasn't had enough recent sales to put reliable figures on how its prices or rents have moved, which is common in smaller or quieter markets. Without that, there isn't a clear picture of how the suburb 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	N/A	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	38	38
Median household income weekly	$1,803	$1,759
Couples with children share of families	40.5%	45.5%
Couples without children share of families	46.3%	37.6%
One-parent families share of families	13.2%	15.2%
Homes owned outright share of homes	37.6%	33.2%
Homes with a mortgage share of homes	42.3%	37.3%
Homes rented share of homes	20.1%	29.5%

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