Question 1

Is Burrum Heads a nice place to live?

Accepted Answer

Burrum Heads lies beside the Burrum River mouth and the Great Sandy Strait, with tidal estuaries, mangrove fringes and plenty of places to launch a boat or fish.

It is an older community where couple families without children are common and 67.6% of homes are owned outright. A compact village centre provides basic shops and services, there are riverside parks and a state-owned public boat ramp and floating walkway at Lions Park, and road links connect the town to the wider Fraser Coast for shopping, schools and health services. The Burrum Heads Caravan Park has reopened after a staged redevelopment that upgraded internal roads and replaced underground power, water and sewer services.

Question 2

Is it expensive to live in Burrum Heads?

Accepted Answer

Household incomes in Burrum Heads were about $815 a week at the last Census. On the current figures, a house rent of $600 a week would take roughly 74% of a typical local household's weekly income, which is a large share. The median house price of $790,000 is about 18.6 times a typical local annual household income, putting buying well above local incomes. If you're renting rather than buying, the rent share is the number that matters; if you're considering purchase, the price multiple is the relevant measure.

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

The house market in Burrum Heads moved in opposite directions in the past 12 months: median house values rose 7.7%, while median house rents fell 5.2%. For houses, that means capital value increased even as rental income declined over the period; the gap between value and rent movement is the clearest signal these figures provide.

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	$790K	N/A
Change in value Past 12 months	7.7%	N/A
Sold Past 3 months	23	4
Median days on market Past 12 months	40	N/A
Average rent Past 12 months	$600	N/A
Change in rent Past 12 months	-5.2%	N/A

	Suburb	QLD
Median age years	64	38
Median household income weekly	$815	$1,675
Couples with children share of families	14.6%	41.2%
Couples without children share of families	77.6%	40.3%
One-parent families share of families	6.2%	16.8%
Homes owned outright share of homes	67.6%	30.1%
Homes with a mortgage share of homes	17.6%	35.6%
Homes rented share of homes	14.8%	34.3%

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