Question 1

Is Corindi Beach a nice place to live?

Accepted Answer

Corindi Beach is a relaxed coastal village centred on a long sandy shore, a rocky headland and a quiet estuary, with low-rise beach houses and holiday cottages set among pandanus and eucalypt-lined streets. Local life revolves around the beach, nearby bush reserves and a caravan park that brings seasonal visitors, and the Pacific Highway and regional services keep larger centres within easy reach for work and shopping. A highway bypass has removed through traffic from the village alignment.

The suburb is home to 1,802 people with a median age of 39, and a mix of permanent residents, retirees and holiday-makers. Couple families dominate the family mix, and owner-occupiers make up 73.2% of homes while 26.8% are rented. Public funding has gone to local sports and reserve upgrades, including floodlighting and power at the soccer fields, improved access at the recreation reserve and portable yards for the pony club. Whether that suits you depends on what you are after in a coastal place.

Question 2

Is it expensive to live in Corindi Beach?

Accepted Answer

A house renting for $685 a week in Corindi Beach would take about 44% of a typical local household's weekly income as recorded at the last Census. On the buying side, the median house price of $875,000 is roughly 10.9 times a typical local annual household income at the last Census, which sits well above local incomes.

That means renting already takes a large share of what a typical household in Corindi Beach earned at the last Census, and buying is substantially more stretched against those local incomes. Which cost matters most will depend on whether you plan to rent or buy.

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 Corindi Beach a good place to invest?

Accepted Answer

House values in Corindi Beach climbed 12.0% over the past 12 months, a strong rise in what houses are worth. Over the same period, house rents fell 1.4%, a slight decline in the rent a house would earn. On the house side, the figures show capital growth was the clearer movement this year while rental income eased slightly, so which matters most will come down to your own investment goals and circumstances.

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	$875K	N/A
Change in value Past 12 months	12.0%	N/A
Sold Past 3 months	12	N/A
Median days on market Past 12 months	28	N/A
Average rent Past 12 months	$685	N/A
Change in rent Past 12 months	-1.4%	N/A

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