Question 1

Is Raymond Island a nice place to live?

Accepted Answer

Raymond Island is a small, leafy Gippsland Lakes island reached by a short vehicle and passenger ferry, known for regular koala sightings, walking trails and easy boat access.

The community is older and weighted towards couples without children, with many households owning their homes outright (74.8%). Everyday life on the island centres on bush walking, wildlife viewing and water-based recreation around a small jetty and casuarina-lined foreshore, and Stage 1 of the Ferry Park Reserve upgrade was completed, delivering upgraded amenities including an all-access/parents' room toilet and visitor seating.

Question 2

Is it expensive to live in Raymond Island?

Accepted Answer

A typical local household on Raymond Island earned about $921 a week at the most recent Census. There haven't been enough recent sales or rentals on Raymond Island to publish reliable house or unit price and rent figures, so it's not possible to describe how expensive it is to live here compared with local incomes.

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 Raymond Island a good place to invest?

Accepted Answer

A modest 4.8% rise in house values is the clearest movement for Raymond Island, recorded in the twelve months to date. For houses, that change is a measure of capital growth, and there isn't enough recent data available here to report on unit values or on rents.

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	4.8%	N/A
Sold Past 3 months	1	N/A
Median days on market Past 12 months	119	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	68	38
Median household income weekly	$921	$1,759
Couples with children share of families	14.3%	45.5%
Couples without children share of families	77.5%	37.6%
One-parent families share of families	6.0%	15.2%
Homes owned outright share of homes	74.8%	33.2%
Homes with a mortgage share of homes	17.5%	37.3%
Homes rented share of homes	7.7%	29.5%

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