Question 1

Is Casuarina a nice place to live?

Accepted Answer

Casuarina on the Tweed Coast is centred on a long sandy beach and a modest headland popular with surfers and beachgoers. It has a relaxed beachside village atmosphere, a compact shopping strip of cafes, surf shops and everyday services, and residential streets of contemporary beach houses, apartments and older single-level homes. Outdoor life focuses on the foreshore, coastal walking and cycling paths and water-based recreation, and a mix of permanent residents and holiday rentals gives the area a seasonal, laid-back rhythm. Larger Tweed and Gold Coast centres are close by for more extensive services.

With 3,256 residents and a median age of 41, Casuarina is a suburb of families: couple families with and without children together account for 89% of families, and 77.7% of homes are owner-occupied. There is planning and investment under way for a town centre concept and a road upgrade, and the nearby Tweed Valley Hospital provides a regional health and education precinct for the Tweed Coast corridor. Whether Casuarina suits you depends on how much you value beachside village living, outdoor recreation and proximity to regional services.

Question 2

Is it expensive to live in Casuarina?

Accepted Answer

Current prices and rents in Casuarina, compared with a typical local household income as recorded at the most recent Census, show housing costs sit well above what people locally earned at that time. A median house price of $2,100,000 is about 17.4 times a typical local annual household income at the last Census, and the median unit price of $1,032,500 is about 8.5 times that annual income. On rent, $1,380 a week for a house would take about 59.4% of a typical local household's weekly income at the last Census, while $755 a week for a unit would take about 32.5% — a large share for houses and a sizeable share for units. Whether that feels expensive will depend 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 Casuarina a good place to invest?

Accepted Answer

Over the past 12 months in Casuarina, house values climbed 29.0% and house rents rose 15.0%, so the capital growth on houses outpaced the rise in rental income this year. Both of those moves are large by the usual bands for annual change.

Units moved in the opposite direction: unit values fell 19.1% and unit rents declined 5.6%, so the units side was weaker on both value and rent over the year. Which of those outcomes matters most depends on whether you are prioritising capital growth or rental income and on your own objectives.

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	$2.10M	$1.03M
Change in value Past 12 months	29.0%	-19.1%
Sold Past 3 months	15	12
Median days on market Past 12 months	51	87
Average rent Past 12 months	$1380	$755
Change in rent Past 12 months	15.0%	-5.6%

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