Question 1

Is Boambee East a nice place to live?

Accepted Answer

Boambee East is a semi-rural pocket on the outskirts of Coffs Harbour, with rolling, tree-covered hills and a mix of hobby farms and low-density residential streets. Life there leans toward a quieter, country-style rhythm, with larger blocks, open views and outdoor living, while still keeping easy road access to Coffs Harbour's shops, schools and beaches. The suburb has a rural feel rather than a commercial centre, so most everyday services are found in neighbouring areas.

The community of 5,304 people has a median age of 42 and a median household income of $1,407 a week. Families are prominent, with couple families with and without children together making up about 78% of families and one-parent families roughly one in five. Homes are predominantly owner-occupied, with about three quarters owned outright or with a mortgage. Major transport work and other local projects are under way nearby, and plans identify future neighbourhood parks and a community centre, alongside a new Boambee Creek footbridge and a recent school extension. Overall, Boambee East suits people who value space and a relaxed, semi-rural pace while keeping access to Coffs Harbour; whether it fits you depends on what you’re after.

Question 2

Is it expensive to live in Boambee East?

Accepted Answer

On the figures for Boambee East, weekly house rent of $720 would take about 51.1% of a typical local household's weekly income as recorded at the most recent Census, and unit rent of $570 would take about 40.5% of that income. At a median house price of $955,000, buying works out to about 13.1 times a typical local annual household income at the last Census, which sits well above local incomes. Put simply, renting already uses a large share of a typical local household income and buying a house is substantially further above what people locally earned at the last Census.

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 Boambee East a good place to invest?

Accepted Answer

A strong rise in house values has been the headline in Boambee East over the past year: median house values climbed 11.9%, a strong rise. House rents rose a solid 9.1% over the same period. On the unit side, median unit values increased by 7.4% and unit rents rose a modest 3.6%.

For someone weighing Boambee East as an investment, the value figures point to capital growth and the rent figures speak to rental income. Over the past 12 months value increases outpaced rent rises for both houses and units, and houses showed the larger moves on both measures. Whether that balance fits your goals depends on whether you prioritise capital growth or rental income and on your individual 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	$955K	N/A
Change in value Past 12 months	11.9%	7.4%
Sold Past 3 months	17	1
Median days on market Past 12 months	24	N/A
Average rent Past 12 months	$720	$570
Change in rent Past 12 months	9.1%	3.6%

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