Question 1

Is Broadwood a nice place to live?

Accepted Answer

Broadwood is a small, remote locality in Western Australia's Eastern Goldfields, set among open scrub and red earth.

The community has incomes above the Western Australian median, many households are buying their homes, and couple families with children make up 58.1% of families. Local services are limited so people rely on the nearby regional centre for shopping, schools and health care, daily life is shaped by outback landscapes, regional roads and informal bush tracks, and the council has a planned airport access road.

Question 2

Is it expensive to live in Broadwood?

Accepted Answer

Broadwood's typical household earned $3,557 a week at the most recent Census. There haven't been enough recent sales or rentals in Broadwood to publish reliable house or unit price and rent figures, so it isn't possible to describe how expensive it is to live here compared with local incomes.

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 Broadwood a good place to invest?

Accepted Answer

A strong 26.1% rise in median house values is the standout figure for Broadwood in the most recent 12 months. That rise represents capital growth for houses; there are no rent or unit figures here to compare whether rental income or unit values have moved.

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	N/A	N/A
Change in value Past 12 months	26.1%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	WA
Median age years	34	38
Median household income weekly	$3,557	$1,815
Couples with children share of families	58.1%	44.6%
Couples without children share of families	34.4%	38.8%
One-parent families share of families	7.4%	15.1%
Homes owned outright share of homes	21.6%	30.2%
Homes with a mortgage share of homes	55.4%	41.4%
Homes rented share of homes	23.0%	28.3%

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