The four most expensive areas to buy a house in regional Victoria on Domain data for the March quarter were also in the top five for wellbeing.
“These areas of regional Victoria perform reasonably well on overall wellbeing,” SGS Economics and Planning senior associate Michelle Tjondro said. Tjondro said part of the report’s aim was to highlight the high cost of housing in areas otherwise good for the wellbeing of its residents.“It’s about how living in rental stress over a prolonged period of time can really impact the way you might budget for your access to health services or your access to education or further educational attainment. And so there you can start to see that your housing situation can impact other dimensions of objective wellbeing over time,” she said.
“We know that in capital city areas there’s a denser coverage of health services – they’ve got more options as well. So people can understand where the better quality health services are located. Often in the regions you just don’t have that choice,” she said. Stribling said since pandemic lockdowns attracted an influx of city-dwellers to the beachside spot, more of them were spending time there throughout the year than pre-2020.
The area had continued to see people permanently moving from the outer western suburbs of Melbourne in the years since lockdowns ended, said Owen Sharkey of First National Golden Plains.
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