Question 1

Is Crows Nest a nice place to live?

Accepted Answer

Crows Nest is a rural service town on the Darling Downs at the edge of the Great Dividing Range, best known for Crows Nest National Park with its gorge, waterfalls and picnic areas. The town centre has a compact, historic main street of timber and brick shops that host cafes, a pub and local businesses, while surrounding streets contain weatherboard cottages and larger farmblocks. The area suits people seeking country living, including farmers, tree-changers and retirees, and it also draws bushwalkers and weekend visitors while remaining within easy driving reach of Toowoomba.

About 2,212 people live in Crows Nest; the median age is 57 and median household income is $913 a week, roughly $47,500 a year. Homes are predominantly owner-occupied, with about three in four owned and 25.1% rented. Local works noted for the area include road reconstruction and rehabilitation programs, a targeted safety improvement at a nearby intersection, a multipurpose upgrade at the state school including new floor surfacing, acoustic works and gym refurbishment with air-conditioning, and recommended upgrades for the Crows Nest and District Pool supported by council grants. Whether that suits you depends on the kind of country living you want.

Question 2

Is it expensive to live in Crows Nest?

Accepted Answer

At $695,000, the median house price in Crows Nest works out to about 14.6 times a typical local household's annual income at the last Census, which puts buying well above local incomes. Renting a house at about $510 a week would take roughly 56% of that weekly household income at the last Census, a large share of income, so on these figures both buying and renting sit heavily against what a typical local household earned then, with buying particularly stretched.

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 Crows Nest a good place to invest?

Accepted Answer

House values in Crows Nest climbed 13.0% over the past 12 months, a strong rise in what houses are worth. Over the same period house rents increased 8.5%, a solid gain, so for houses capital growth outpaced rental income growth this year; whether that balance suits your plans depends on your objectives 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	$695K	N/A
Change in value Past 12 months	13.0%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	31	N/A
Average rent Past 12 months	$510	N/A
Change in rent Past 12 months	8.5%	N/A

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