Question 1

Is Orford a nice place to live?

Accepted Answer

Orford is a small coastal village on Tasmania’s east coast at the mouth of the Prosser River, facing Prosser Bay and the channel to Maria Island. It’s a compact community of 685 people with a median age of 62, popular with retirees, holiday homeowners and families who favour fishing, boating and long beach walks. Housing runs from weatherboard cottages and timber holiday homes to newer low-density residential lots, and the estuary, dunes and coastal bushland shape a quiet, seasonal lifestyle.

The village centre has a modest shopping strip, a couple of cafés, a working jetty and a boat ramp for water access, and homes are predominantly owner-occupied (83.1% combined). Several public works are under way or planned, including sewerage and water-supply upgrades, a foreshore master plan and local sand redistribution at the bird sanctuary. Whether Orford suits you comes down to how much you value small-scale coastal living.

Question 2

Is it expensive to live in Orford?

Accepted Answer

In Orford, housing costs sit well above local incomes as recorded at the last Census. A median house price of $783,000 is about 13.6 times a typical local annual household income at the last Census (weekly household income $1,110).

Renting a house would also take a large share of income: at $480 a week that is about 43.2% of a typical local household's weekly income at the last Census. On these figures buying sits especially far above local incomes and renting a house would absorb a large share of income, but whether that feels expensive depends on your own income and circumstances.

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 Orford a good place to invest?

Accepted Answer

If you're weighing Orford up as an investment, the house figures show both capital growth and rental income increased over the past 12 months. Median house values rose 14.4% over the year, a strong rise in what houses are worth, while house rents increased 9.1%, a solid gain for rental income. On the house side, price growth outpaced rent growth this year, so capital gains were the stronger movement. What that means for you 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	$783K	N/A
Change in value Past 12 months	14.4%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	103	N/A
Average rent Past 12 months	$480	N/A
Change in rent Past 12 months	9.1%	N/A

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