Question 1

Is Craignish a nice place to live?

Accepted Answer

Craignish is a low-density coastal-fringe suburb of Hervey Bay, with a mix of low-set timber cottages and single-storey brick homes, local parks and reserves, and walking tracks along the bay.

The community is described as older, with many households buying their homes and many owning outright, and couples without children make up 49.8% of families. Local parks, reserves and bay-side walking tracks provide outdoor options, everyday shopping and services are a short trip into Hervey Bay centre, and local roads plus bus services connect the suburb. Craignish is also the focus of the Fraser Lakes infrastructure package, which has committed funding for the area.

Question 2

Is it expensive to live in Craignish?

Accepted Answer

Renting a house in Craignish for about $683 a week would take roughly 43% of what a typical local household earned in a week at the last Census, when median household income was about $1,602 a week.

That 43% share counts as a large share of income, so on these figures rent would take up a substantial part of a household's weekly earnings in Craignish.

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 Craignish a good place to invest?

Accepted Answer

Over the past 12 months, Craignish house values rose 5.9% while house rents rose 5.1%. For houses, capital growth edged out rental income, with values increasing slightly more than rents.

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	5.9%	N/A
Sold Past 3 months	6	N/A
Median days on market Past 12 months	60	N/A
Average rent Past 12 months	$683	N/A
Change in rent Past 12 months	5.1%	N/A

	Suburb	QLD
Median age years	47	38
Median household income weekly	$1,602	$1,675
Couples with children share of families	38.2%	41.2%
Couples without children share of families	49.8%	40.3%
One-parent families share of families	10.7%	16.8%
Homes owned outright share of homes	42.4%	30.1%
Homes with a mortgage share of homes	49.1%	35.6%
Homes rented share of homes	8.5%	34.3%

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