Question 1

Is Burrum Heads a nice place to live?

Accepted Answer

Burrum Heads is a relaxed coastal village at the mouth of the Burrum River where the estuary opens into Hervey Bay. Mangrove-lined foreshores, a sandy beach and a small headland lookout make it popular for fishing, boating and birdwatching. Housing is mostly low-rise beach houses, holiday cottages and single-storey homes; the community includes retirees, sea-change buyers and holidaymakers, and the median age is 64.

Day-to-day life centres on the riverfront reserve, public boat ramps and a modest shopping strip, with easy access to the Burrum Coast National Park and coastal walks. The local caravan park has been redeveloped with improved riverfront sites, amenities and a dog-friendly section, and some state-listed road and floodway upgrades are planned. With a high rate of owner-occupation, Burrum Heads reads as an established, quieter coastal community, and whether that suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Burrum Heads?

Accepted Answer

Buying sits well above what local households earned at the last Census: the median house price of $912,500 in Burrum Heads is about 21.5 times a typical local annual household income at the last Census, which places it in the high multiple range.

Renting a house would also take a large share of local income. At $600 a week, house rent would be about 74% of a typical local household's weekly income at the last Census, a large share. Which cost matters most depends on whether you plan to rent or buy, and 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 Burrum Heads a good place to invest?

Accepted Answer

House values in Burrum Heads climbed 11.9% over the past 12 months, a strong rise in what houses are worth. Over the same period the rent houses fetched fell 4.8%, a moderate decline, so capital value and rental income moved in opposite directions this year.

If capital growth is your priority, the house price rise is the key figure to consider; if rental income matters more, the fall in house rents is the relevant number. Whether that pattern suits your goals and circumstances is for you to weigh up.

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	$913K	N/A
Change in value Past 12 months	11.9%	N/A
Sold Past 3 months	18	4
Median days on market Past 12 months	39	N/A
Average rent Past 12 months	$600	N/A
Change in rent Past 12 months	-4.8%	N/A

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