Question 1

Is Allenstown a nice place to live?

Accepted Answer

Allenstown is an inner Rockhampton suburb with an established residential character of timber Queenslanders and modest brick and weatherboard cottages on tree-lined streets, with some newer infill. It sits close to the city's shops, schools and riverfront precinct while retaining quieter residential streets. A local commercial strip and community facilities cover everyday needs, and major roads and public transport links make getting around Rockhampton straightforward. That balance of heritage character and convenience is why it attracts families and long-term residents.

The community of 2,762 people has a median age of 37 and a median household income of $1,147 a week. Households show a mixed family profile, and homes are split almost evenly between owner-occupiers and renters, with 50.4% owner-occupied and 49.6% rented. Local projects include a funded road safety upgrade at Upper Dawson Road, Canning Street and Derby Street, school capital works at Allenstown State School including A Block refurbishment and a funded tuckshop upgrade of around $454,000, and Connolly Park sits opposite Allenstown Square in the heart of the suburb.

Question 2

Is it expensive to live in Allenstown?

Accepted Answer

A median house price of $555,000 in Allenstown works out to about 9.3 times a typical local household's annual income at the last Census (weekly household income $1,147 × 52 = $59,644). On the rental side, a house at $520 a week would take about 45.4% of that weekly household income, while a unit at $375 a week would take about 32.7%. On these figures, buying sits well above what local households earned at the last Census, and renting a house would take a large share of that income while renting a unit takes a sizeable share.

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 Allenstown a good place to invest?

Accepted Answer

Over the past 12 months Allenstown recorded strong gains in property values. Median house values climbed 22.7% and median unit values rose 20.3%, which reflects the capital growth side of the market over the year.

Rents moved differently. House rents increased 15.6% over the year, a strong rise, while unit rents were slightly down, falling 1.3%. For someone focused on rental income, the house side has been the stronger performer this year while units delivered strong price growth but a marginal fall in rent. Whether that balance suits your goals and circumstances 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	$555K	N/A
Change in value Past 12 months	22.7%	20.3%
Sold Past 3 months	20	2
Median days on market Past 12 months	19	31
Average rent Past 12 months	$520	$375
Change in rent Past 12 months	15.6%	-1.3%

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