Get a property report and suburb profile for any property in Shepparton

Shepparton sits on the Goulburn River beside Victoria Park Lake and functions as the principal centre of the Goulburn Valley, with an economy that blends agriculture, food processing and public services. Housing is mixed, from weatherboard cottages and post-war brick near the town centre to larger family blocks and newer suburban estates on the fringes. The community of 32,067 has a median age of 38 and is weighted towards couple families, and around 61% of homes are owner-occupied while roughly 39% are rented.

Day-to-day life is supported by riverside parks, walking and cycling paths, the Shepparton Art Museum, substantial shopping and healthcare services and a regional rail service to Melbourne. Several major projects are shaping the area, including a completed rail upgrade, further stages of the hospital campus being progressed, university and TAFE campus works and a council-led sports precinct plan. Whether Shepparton suits you will come down to the mix of regional amenities and housing options you want.

On the figures, buying in Shepparton sits well above what a typical local household earned at the last Census. A median house at $575,000 is about 8.6 times a typical local annual household income at the last Census (the local household income was $1,285 a week, or $66,820 a year), and the median unit price of $458,750 is about 6.9 times that annual income.

Rents take a sizeable share of a typical local household's weekly income at the last Census: a house rent of $500 a week would be about 38.9% of that income, and a unit rent of $390 a week about 30.4%. If you are renting rather than buying, those rent shares are the most relevant measures; whether they feel expensive depends on your 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.

Over the past 12 months house values in Shepparton rose 14.9%, a strong increase, while house rents increased 4.2%, a modest rise. On the house side that means capital growth outpaced rental income during the year.

Unit values climbed 6.6%, a solid gain, and unit rents rose 5.4%, also a solid increase, so values and rents for units moved at a similar pace with values slightly ahead. If capital growth is your priority the house numbers were the stronger story this year; if rental income matters more, unit rents grew faster than house rents. Whether that balance suits you depends 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.