Question 1

Is Bayonet Head a nice place to live?

Accepted Answer

Bayonet Head sits beside the King River and Oyster Harbour, with tree-lined streets, pockets of native bushland and estuarine fringes.

It is an older community with incomes below the median for Western Australia and the largest family group is couples without children at 45.5% of families. Everyday amenities include riverside reserves, walking tracks, neighbourhood parks and small local shops, and road links into Albany make the city and regional coast accessible. The Oyster Harbour Estate's Stage 9 has had its first residential lots released, including seven earmarked for social housing.

Question 2

Is it expensive to live in Bayonet Head?

Accepted Answer

For Bayonet Head, a typical local household earned about $1,350 a week at the most recent Census. With house rents around $715 a week, renting a house would take about 53% of a typical local household's weekly income, a large share. Buying is more stretched: a median house price of $950,000 is about 13.5 times a typical local annual household income, which sits well above local incomes. On these figures, both renting and buying look relatively costly against what a typical local household earned at the last Census, and which matters most will depend on your own situation.

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 Bayonet Head a good place to invest?

Accepted Answer

House values in Bayonet Head rose a strong 18.5% over the past 12 months, while house rents increased a strong 19.2% over the same period. For houses, rental income edged ahead of capital growth because rents rose slightly faster than values.

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	$950K	N/A
Change in value Past 12 months	18.5%	N/A
Sold Past 3 months	14	N/A
Median days on market Past 12 months	12	N/A
Average rent Past 12 months	$715	N/A
Change in rent Past 12 months	19.2%	N/A

	Suburb	WA
Median age years	42	38
Median household income weekly	$1,350	$1,815
Couples with children share of families	36.5%	44.6%
Couples without children share of families	45.5%	38.8%
One-parent families share of families	16.6%	15.1%
Homes owned outright share of homes	39.3%	30.2%
Homes with a mortgage share of homes	38.6%	41.4%
Homes rented share of homes	22.1%	28.3%

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