Question 1

Is Silvan a nice place to live?

Accepted Answer

Silvan is a semi-rural township in the foothills of the Dandenong Ranges, centred on Silvan Reservoir and its picnic and walking areas. The suburb has a horticultural character, with orchards, plant nurseries and farm-gate sellers and a mix of older timber farmhouses, larger lifestyle blocks and newer homes. Daily life leans toward outdoor living and a quieter pace, with country lanes and local green spaces close at hand while outer eastern suburban services and road links remain within easy reach. The community counts 1,323 people and has a median age of 41.

The population is dominated by couple families and most homes are owner-occupied, so the area reads as a settled, largely owner-occupied community. Local projects include a Melbourne Water upgrade to replace the reservoir fence with a welded-mesh and palisade fence featuring anti-dig measures and provision for CCTV and intruder-detection systems, and council grants for recreational facilities such as replacement of players’ and coaches’ boxes at Silvan Recreation Reserve. Whether Silvan suits you will come down to how much you value a semi-rural, outdoor-orientated lifestyle.

Question 2

Is it expensive to live in Silvan?

Accepted Answer

There haven't been enough recent sales or rentals in Silvan 3795 to publish reliable house or unit prices and rents, so there are no current price or rent figures to compare with local incomes. The ABS records a median total household income of $2,158 a week at the most recent Census, but without those price and rent figures it isn't possible to say how expensive it is to live in Silvan compared with what local households earned at that 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 Silvan a good place to invest?

Accepted Answer

Over the past 12 months house values in Silvan fell 17.8%, a sharp decline in what a house here is worth.

For someone weighing Silvan as an investment, that movement is the capital-growth signal for houses. Whether that makes it the right fit for you depends on your 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	-17.8%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	35	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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