Question 1

Is Young a nice place to live?

Accepted Answer

Young sits in the Hilltops region as an agricultural service town known as the Cherry Capital of Australia, set among rolling orchards and farmland. Its centre features heritage buildings, a handful of cafes and shops, and seasonal blossom that draws an annual festival. Housing ranges from federation brick and weatherboard cottages to more recent suburban lots, and the town carries clear gold rush and rural heritage across its streets and parks.

The town has a population of 10,610 with a median age of 41, and most homes are owner-occupied (69.2%). Households are led by couples, and Young supports regional services such as health and schools, local sporting clubs and community facilities. Recent local projects include a new joint-use library and community facility at Carrington Park with arts spaces, a Wiradjuri learning centre and a youth wellbeing hub, a bridge duplication to improve heavy-vehicle access and hospital funding to upgrade operating theatre equipment. That combination makes Young a place that appeals to orchardists and graziers, families and retirees who favour a quieter country pace; whether it suits you depends on what you are after.

Question 2

Is it expensive to live in Young?

Accepted Answer

A $540,000 median house price works out to about 9.0 times a typical local annual household income at the last Census, so buying a house in Young sits well above what local households earned at that Census. Renting also takes a sizeable share of a typical local household income at the last Census: a house rent of $460 a week is about 39.8% of that weekly income and a unit rent of $400 a week is about 34.6%. If you plan to rent rather than buy, those rent shares are the numbers that matter when you judge affordability for yourself.

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 Young a good place to invest?

Accepted Answer

The clearest movement over the past year is on the unit side: unit rents jumped 37.9% and unit values climbed 29.2%, both large increases. House market moves in Young were more modest, with median house values up 5.1% and house rents rising 7.0%.

If rental income is your priority, the unit rent figure is the headline; if capital growth is your focus, the unit value rise is the larger of the posted gains. House rents edged up marginally faster than house values over the year. Whether that pattern makes Young a suitable investment 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	$540K	N/A
Change in value Past 12 months	5.1%	29.2%
Sold Past 3 months	61	3
Median days on market Past 12 months	50	46
Average rent Past 12 months	$460	$400
Change in rent Past 12 months	7.0%	37.9%

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