Question 1

Is Welshmans Reef a nice place to live?

Accepted Answer

Welshmans Reef is a small, quiet rural-residential locality set among rolling paddocks and pockets of native bush near Creswick and within easy reach of Ballarat. With a population of about 210 and a median age of 57, the community is dominated by couple households and most homes are owner occupied, which gives the area an established, largely owner-occupied character.

Blocks are generally larger and housing ranges from older country cottages to more recent rural homes, so the suburb suits hobby farmers, people after a weekend retreat and anyone wanting a country lifestyle without complete isolation. Local services are limited, so residents rely on Creswick and Ballarat for shops, schools and health care. Public open space is centred on the Welshmans Reef Bushland Reserve and the eastern edge of the Cairn Curran Reservoir, and local roads connect to surrounding farming communities and recreation areas.

Question 2

Is it expensive to live in Welshmans Reef?

Accepted Answer

There haven't been enough recent sales or rentals in Welshmans Reef to publish reliable house or unit price and rent figures. With only the local household income on record from the most recent Census, it's not possible to say how expensive it is to live in Welshmans Reef compared with local incomes.

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 Welshmans Reef a good place to invest?

Accepted Answer

Welshmans Reef hasn't had enough recent property sales to publish reliable figures on how house or unit values and rents have changed over the past year. Without that information, there isn't a clear picture of how the suburb has performed as an investment lately.

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	N/A	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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