Question 1

Is City Beach a nice place to live?

Accepted Answer

City Beach is a blue-ribbon coastal suburb with wide white-sand beaches, foreshore dunes and coastal walking paths, and a relaxed seaside village feel. Behind the esplanade the streets are leafy and low density, with spacious, often architect-designed homes and many ocean views, while a handful of low-rise apartments sit closer to the shoreline. There is a small local shopping strip, parks and grassed reserves for recreation, and residents are largely families, professionals and retirees who value beach access and an outdoor lifestyle. The median age is 47, median household income is $3,700 a week, and around nine in ten homes are owner-occupied, which points to an established, owner-heavy community.

There are some current local issues to note. A temporary mobile phone tower at Ocean Village Park has been connected to mains power while council presses for permanent facilities to be located elsewhere and has flagged several reserves as alternatives. Separately, demolition of a disused Telstra exchange at Boronia Crescent is being carried out and the building will be removed along with an adjacent retaining wall. Whether City Beach suits you will depend on how much you value coastal access, spacious homes and a settled, mostly owner-occupied community.

Question 2

Is it expensive to live in City Beach?

Accepted Answer

At a median house price of $3,850,000, buying in City Beach works out to about 20 times a typical local annual household income at the last Census (weekly household income $3,700, or $192,400 a year). The average house rent of $1,400 a week would take about 38% of that weekly household income, which is a sizeable share. On these figures, buying sits well above what a typical local household earned at the last Census, while renting would take a sizeable portion of weekly income; whether that feels expensive depends on your own 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 City Beach a good place to invest?

Accepted Answer

House values in City Beach rose 31.1% over the past 12 months, a strong increase. House rents climbed 12.0% over the same period, also a strong rise but smaller than the change in values. In other words, capital growth on houses outpaced rental growth this year, so if rental income is your priority the rent figure is the one that matters, while the value change speaks to capital growth. Whether that balance fits 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	$3.85M	N/A
Change in value Past 12 months	31.1%	N/A
Sold Past 3 months	15	2
Median days on market Past 12 months	18	N/A
Average rent Past 12 months	$1400	N/A
Change in rent Past 12 months	12.0%	N/A

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