Question 1

Is Venus Bay a nice place to live?

Accepted Answer

Venus Bay is a laid-back seaside village on Victoria’s Gippsland coast where long ocean-facing beaches meet the sheltered waters of Anderson Inlet. The town is made up of classic timber beach houses and holiday cottages among sand dunes and coastal scrub, and life here revolves around the beach with surfing, fishing and birdwatching. A small village centre has basic shops and cafes, while nearby Inverloch and coastal reserves including Wilsons Promontory provide wider services and outdoor recreation for people who favour a relaxed coastal lifestyle. Summer visitors bring a seasonal burst of activity.

It is a small community of 904 people with a median age of 58, and most homes are owner-occupied (84.7%), many owned outright. Local planning and upgrades are under way, from a Van Cleef Reserve masterplan with dedicated funding to coastal adaptation work, road safety improvements and streetscape and public-realm proposals including a proposed skate park. Whether Venus Bay suits you depends on whether a beach-focused, low-rise village with limited local shops fits your needs.

Question 2

Is it expensive to live in Venus Bay?

Accepted Answer

Rent and buying paint different pictures in Venus Bay. With a typical local household earning $922 a week at the last Census, the average house rent of $414 a week would take about 44.9% of that weekly income, a large share. The median house price of $500,000 works out to about 10.4 times a typical local annual household income at the last Census, which sits well above local incomes recorded then. Whether that feels expensive will depend on your own 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.

Question 3

Is Venus Bay a good place to invest?

Accepted Answer

Over the past year, median house values in Venus Bay rose 5.1%, a solid increase, while house rents increased 3.5%, a modest rise. In other words, house price growth outpaced rent growth over the period; if capital growth is your priority the houses showed the stronger movement this year, while those focused on rental income will see a more modest rise in rents. Whether that balance fits your plans 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	$500K	N/A
Change in value Past 12 months	5.1%	N/A
Sold Past 3 months	13	N/A
Median days on market Past 12 months	248	N/A
Average rent Past 12 months	$414	N/A
Change in rent Past 12 months	3.5%	N/A

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