Question 1

Is Cooee Bay a nice place to live?

Accepted Answer

Cooee Bay is a small coastal suburb on the Capricorn Coast that wraps a sheltered bay and headland, with shoreline walking tracks and regular water views from many streets.

The community is older and records incomes below the Queensland median; couples without children are the largest family group and 42.0% of homes are rented. Retail within Cooee Bay is limited, with shops, cafes and services available in nearby Yeppoon via the coastal road, and the Brian Dorey OAM Capricorn Coast Aquatic Centre was completed, delivering a new 50-metre outdoor heated pool and upgraded amenities.

Question 2

Is it expensive to live in Cooee Bay?

Accepted Answer

A typical local household in Cooee Bay earned about $1,210 a week at the most recent Census. On current rents, a house at $600 a week would take about 50% of that weekly income, and a unit at $543 a week would take about 45%.

Those rent levels represent a large share of a typical local household's income, so renting in Cooee Bay would use up a significant portion of earnings. Whether that feels affordable depends 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 Cooee Bay a good place to invest?

Accepted Answer

The most striking movement in Cooee Bay over the past 12 months is a large 75.6% jump in median unit values, alongside a strong 14.2% rise in median house values.

Unit rents rose a solid 8.6% while house rents rose a solid 9.1%. Unit values climbed much faster than unit rents, and house values also outpaced house rents but by a smaller margin. For someone weighing capital growth against rental income, units delivered far larger capital gains relative to their rent growth, whereas houses showed notable value growth with rents also increasing at a solid pace.

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	14.2%	75.6%
Sold Past 3 months	4	1
Median days on market Past 12 months	15	N/A
Average rent Past 12 months	$600	$543
Change in rent Past 12 months	9.1%	8.6%

	Suburb	QLD
Median age years	46	38
Median household income weekly	$1,210	$1,675
Couples with children share of families	24.3%	41.2%
Couples without children share of families	43.7%	40.3%
One-parent families share of families	27.5%	16.8%
Homes owned outright share of homes	31.9%	30.1%
Homes with a mortgage share of homes	26.2%	35.6%
Homes rented share of homes	42.0%	34.3%

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