Question 1

Is Paterson a nice place to live?

Accepted Answer

Paterson is a small riverside village in the Hunter Region set along the Paterson River and framed by farmland and grazing country, and it keeps a clear 19th-century character, with a tidy main street of heritage buildings and a mix of weatherboard cottages and larger rural properties. Life is relaxed and outdoorsy, with fishing and riverbank walks, and basic village services, a local pub and community facilities.

The community is weighted towards couple families, who make up about nine in ten families, and most homes are owner-occupied. Public transport and heritage amenity include Paterson railway station on the North Coast/Hunter Line, with the station and rail precinct heritage listed and the Paterson Rail Motor Museum opposite. The area is part of Dungog Shire Council’s Housing and Infrastructure Master Plan, with Commonwealth funding secured and community focus groups at the Paterson School of Arts Hall to inform local housing and infrastructure plans.

Question 2

Is it expensive to live in Paterson?

Accepted Answer

There haven't been enough recent property sales or rentals in Paterson to publish reliable house and unit prices or rents. Without those figures, it's not possible to say how expensive it is to live in Paterson compared with the typical local household income recorded 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 Paterson a good place to invest?

Accepted Answer

House values in Paterson edged down 0.8% over the past 12 months. For someone weighing Paterson up as an investment, that figure describes the capital-growth movement for houses this year — a slight reduction in what houses were worth over the period.

There isn't enough recent data on unit values or on rents to describe how those parts of the market moved, so this read focuses on house capital change. Whether a small fall in house values is important 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	N/A	N/A
Change in value Past 12 months	-0.8%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	65	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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