Question 1

Is Springhurst a nice place to live?

Accepted Answer

Springhurst is a small village in north-east Victoria with a slow-paced, outdoors life set among broad cropping and grazing country. Its compact streets mix weatherboard cottages, farmhouses and larger rural residential blocks, and it acts as a modest service centre for surrounding farms. The area attracts farming families and people seeking a quiet rural base while remaining within reach of larger towns and the wine country around Rutherglen, with road and rail links on the Melbourne to Sydney corridor.

With 349 people and a median age of 47, the community is small and weighted towards couple families: couple families without children are 49.5% and those with children 38.8%, together 88.3% of families. Home ownership is high, with 46.0% owned outright and 44.4% owned with a mortgage while renters are 9.7%, and the median household income is $1,218 a week. Springhurst is served by Springhurst railway station on the North East line and has the Springhurst Recreation Reserve for local sport and events. There are no significant new infrastructure or development projects reported at this time.

Question 2

Is it expensive to live in Springhurst?

Accepted Answer

Springhurst hasn't had enough recent sales or rentals to publish reliable figures for house prices, unit prices or rents. Without current price or rent data, it isn't possible to describe how expensive it is to live in Springhurst compared with what a typical local household earned at the last 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 Springhurst a good place to invest?

Accepted Answer

There haven't been enough recent sales in Springhurst to produce reliable 12-month figures for house and unit values or for rents. Without those published movements, there isn't a clear picture of how the suburb has performed as an investment over the past year.

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	N/A	N/A
Sold Past 3 months	1	N/A
Median days on market Past 12 months	N/A	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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