Question 1

Is Balgal Beach a nice place to live?

Accepted Answer

Balgal Beach is a small coastal suburb north of Townsville on the Coral Sea, with a long sandy foreshore, dunes and patches of coastal bush that give it a relaxed seaside character. Housing is mostly low-rise beach houses and modern single-storey homes on generous blocks, and the community of 998 has a median age of 58. The population includes permanent residents, holiday homeowners and retirees, couples without children make up the majority of families, and most homes are owner-occupied.

Weekends centre on fishing, boating, shoreline walks and informal barbecues. Local services are modest, so people travel to larger centres for major shopping, but the council manages a boat ramp and a pontoon, has completed a playground upgrade at Vincent "Bushy" Parker Park and small park furniture works, and has consulted on possible foreshore upgrades and improved boat-ramp parking. The mobile library visits the community centre and the suburb is readily reached from the Bruce Highway and Townsville. Whether that suits you comes down to what you value in a place to live.

Question 2

Is it expensive to live in Balgal Beach?

Accepted Answer

Houses in Balgal Beach 4816 have a current median price of $652,750 and an average weekly rent of $510. Against the suburb's median total household income of $936 a week as recorded at the last Census, that weekly rent would take about 54.5% of a typical local household's income, a large share. The median house price works out to about 13.4 times a typical local annual household income at the last Census, which sits well above local incomes.

On these figures, both renting and buying are a significant stretch compared with what a typical household earned at the last Census, with buying particularly far above local incomes. Whether that feels expensive depends on your own income and circumstances.

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 Balgal Beach a good place to invest?

Accepted Answer

House rents in Balgal Beach jumped 13.3% over the past 12 months, a strong increase. Over the same period house values rose 4.6%, a modest gain, so rental income growth for houses outpaced capital growth this year. If you're weighing Balgal Beach as an investment, the rent movement is the figure that most directly speaks to rental income and the value change shows recent capital movement; which matters more will depend on your 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	$653K	N/A
Change in value Past 12 months	4.6%	N/A
Sold Past 3 months	10	N/A
Median days on market Past 12 months	21	N/A
Average rent Past 12 months	$510	N/A
Change in rent Past 12 months	13.3%	N/A

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