Question 1

Is Bakers Creek a nice place to live?

Accepted Answer

Bakers Creek is defined by the creek's wetlands, mangroves and tidal flats, with open paddocks, small farmlets and the Bakers Creek Conservation Park.

Many households are buying their homes and incomes are above the median for Queensland, and couple families with children make up 50.0% of families. Local services are limited, so shops, schools and other facilities are accessed in nearby Mackay and road links provide straightforward access; the locality also contains the Bakers Creek system repair site with a constructed wetland treatment train and a rehabilitated natural wetland, and work commenced on a business, retail and mixed-use service hub at the Milton Precinct at Mackay Airport.

Question 2

Is it expensive to live in Bakers Creek?

Accepted Answer

Buying a house in Bakers Creek sits well above local incomes: at a median price of $775,000 this is about 6.9 times a typical local annual household income. Renting a house at around $750 a week would take roughly 35% of a typical local household's weekly income of $2,161 at the most recent Census, which is a sizeable share of income. If you are renting rather than buying, that rent share is likely the most relevant figure for judging how the suburb's housing costs would affect you.

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 Bakers Creek a good place to invest?

Accepted Answer

An 11.5% rise in median house values over the past 12 months is the most notable movement in Bakers Creek, while house rents climbed a solid 7.1%.

For houses, that means capital growth has outpaced rental income, with prices moving further than rents.

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	$775K	N/A
Change in value Past 12 months	11.5%	N/A
Sold Past 3 months	15	N/A
Median days on market Past 12 months	17	N/A
Average rent Past 12 months	$750	N/A
Change in rent Past 12 months	7.1%	N/A

	Suburb	QLD
Median age years	35	38
Median household income weekly	$2,161	$1,675
Couples with children share of families	50.0%	41.2%
Couples without children share of families	35.1%	40.3%
One-parent families share of families	13.9%	16.8%
Homes owned outright share of homes	22.0%	30.1%
Homes with a mortgage share of homes	52.8%	35.6%
Homes rented share of homes	25.2%	34.3%

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