Question 1

Is Augustine Heights a nice place to live?

Accepted Answer

Augustine Heights is a relatively new, family-focused suburb on the eastern edge of Ipswich in the Springfield corridor, characterised by neat modern housing, pockets of parkland, playgrounds and walking paths. Streets are mainly residential and quiet, and daily life connects easily to the Springfield Central rail and shopping precinct as well as larger retail, schools and health services in Springfield and Ipswich.

The community of 6,088 people has a median age of 31 and a median household income of $2,484 a week ($129,200 a year). Families are the dominant household type and most homes are owner-occupied (59.9%), though about 40.2% are rented. Recent local improvements include new Translink bus services including route 523, council road rehabilitation works, a new state primary school and plans for a community facility, so it suits families and commuters looking for a suburban base with convenient links.

Question 2

Is it expensive to live in Augustine Heights?

Accepted Answer

In Augustine Heights the median house price of $1,060,000 works out to about 8.2 times a typical local annual household income at the last Census (median household weekly income $2,484; annual about $129,168).

House rents around $650 a week would take roughly 26.2% of that typical local household's weekly income at the last Census, a moderate share. On these figures, buying a house sits well above what a typical local household earned at the last Census, while renting looks more manageable by comparison.

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 Augustine Heights a good place to invest?

Accepted Answer

House values in Augustine Heights climbed 20.0% over the past 12 months, a strong rise in what a house here is worth. House rents rose 4.0% over the same period, a modest increase in rental income. Over the year to date capital growth on houses outpaced rental growth, so the value figure is the stronger performer for buyers focused on price growth, while the rent figure is the one that matters if rental income is your priority. Whether that pattern makes Augustine Heights the right fit for your investment goals depends on your own objectives 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	$1.06M	N/A
Change in value Past 12 months	20.0%	N/A
Sold Past 3 months	17	N/A
Median days on market Past 12 months	15	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	4.0%	N/A

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