Question 1

Is Riddells Creek a nice place to live?

Accepted Answer

Riddells Creek is a small country town in the Macedon Ranges, set in a creek-lined valley with surrounding bushland and farmland. The compact village centre has local shops, cafes and community facilities, and housing ranges from older weatherboard and brick homes on tree-lined streets to larger rural-residential blocks. The town has a population of 4,390 with a median age of 42, and the community is weighted towards couple families, with 49.3% of families being couples with children and, together with couples without children, accounting for 87.3% of families. Most homes are owner-occupied (88.3% combined).

Riddells Creek suits people after a semi-rural lifestyle and is popular with families and those who enjoy outdoor pursuits such as bushwalking and horse riding. Regular road and regional rail links provide access to nearby regional centres, and local amenities include a primary school that has received a state-funded upgrade, the recreation reserve and the village shops. Several council-led planning and transport projects are under way or planned, including approved urban expansion with funding for community facilities, movement and cycling improvements, a funded shared trail under staged construction, rezoning to enable a health, education and community precinct, and a commuter car park for the train station.

Question 2

Is it expensive to live in Riddells Creek?

Accepted Answer

Riddells Creek's current rents show that a house at $580 a week would take about 27% of a typical local household's weekly income at the last Census, while a unit at $520 a week would take about 24%. On these figures, renting in Riddells Creek would use a moderate share of a typical local household's income at the last Census, with houses taking a slightly larger slice than units.

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 Riddells Creek a good place to invest?

Accepted Answer

House values in Riddells Creek climbed 21.0% over the past 12 months, a strong rise in what houses are worth, while unit values fell 1.6% over the same period. That contrast means capital growth this year was concentrated on the house side rather than in units.

On the income side, house rents edged up 0.3% while unit rents rose 4.0%, so rental income from units increased more than from houses over the year. If rental income is your priority, the unit rental movement is the relevant figure; if capital growth matters more, the house value rise is the standout. Whether that balance suits your goals and circumstances is for you to weigh up.

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	21.0%	-1.6%
Sold Past 3 months	9	N/A
Median days on market Past 12 months	56	N/A
Average rent Past 12 months	$580	$520
Change in rent Past 12 months	0.3%	4.0%

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