Question 1

Is Orbost a nice place to live?

Accepted Answer

Orbost is a riverside regional town on the Snowy River in East Gippsland that acts as a service centre for surrounding farms, forests and coastal communities. It has a practical country character, a main street of shops, community facilities and sporting clubs, and a housing mix from modest weatherboard cottages and ranch-style homes to larger rural properties. Life here suits people who work in agriculture, forestry or regional services and those who want easy access to fishing, boating and bushwalking, with national parks, forests and the Gippsland Lakes within easy reach via the Princes Highway.

Orbost is home to 2,264 people and has a median age of 53, with a community weighted towards couple households and a high rate of owner-occupation. Public health facilities are being upgraded at Orbost Regional Health and a redevelopment of public residential aged care is under way. The airport has received airfield ground lighting improvements, council papers list an apron extension and there is a recorded project for a single-lane roundabout at Boundary Road and Livingstone Street. Whether Orbost suits you comes down to whether a regional, outdoors-oriented service town fits your needs.

Question 2

Is it expensive to live in Orbost?

Accepted Answer

On the figures for Orbost, a house rent of $400 a week would take just over half of a typical local household's weekly income at the last Census, about 51% of that income. Buying looks more stretched: the median house price of $408,750 is about 10.0 times a typical local household's annual income at the last Census, which sits well above local incomes. If you are renting rather than buying, the rent share is the most relevant number for your situation.

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 Orbost a good place to invest?

Accepted Answer

Over the past 12 months, house rents in Orbost rose a solid 5.3% while median house values edged up 0.5%. In other words, rental income for houses increased noticeably faster than their capital value did over the year.

If rental income is your main priority, the rent movement is the figure to watch. If you are focused on capital growth, the house value change was modest. Whether that balance suits your goals depends on your own circumstances and objectives.

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	$409K	N/A
Change in value Past 12 months	0.5%	N/A
Sold Past 3 months	17	N/A
Median days on market Past 12 months	127	N/A
Average rent Past 12 months	$400	N/A
Change in rent Past 12 months	5.3%	N/A

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