Question 1

Is Currajong a nice place to live?

Accepted Answer

Currajong is an inner suburb of Townsville with an established residential character. Single-storey post-war weatherboard and low-set brick homes sit on tree-lined streets alongside modest unit blocks and renovated cottages. Small parks and pockets of greenery give parts of the suburb a pleasant suburban feel, and regular road and public transport links make getting around Townsville straightforward. It offers close-in living with easy access to the Aitkenvale shopping precinct and the city centre without high-rise density.

About 2,490 people live in Currajong, with a median age of 39 and a median household income of $1,429 a week (roughly $74,300 a year). The community is weighted towards couple families (couples without children 35.0% and couples with children 34.2%, together 69.2% of families) and most homes are owner-occupied (about 63.6% owned, 36.4% rented). Currajong State School serves local primary students and there are no significant new infrastructure projects reported; the mix tends to suit long-term locals, young families and professionals seeking practical, everyday convenience close to town.

Question 2

Is it expensive to live in Currajong?

Accepted Answer

Housing costs in Currajong sit noticeably above what local households earned at the last Census. The median house price of $638,500 works out to about 8.6 times a typical local annual household income at the last Census, which is in the higher multiple range. Looking at renting, a house rent of $530 a week would take roughly 37% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $390 a week would take about 27% of that income, a moderate share. On these figures, buying a house is the more stretched option and renting a unit is comparatively easier against local incomes.

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 Currajong a good place to invest?

Accepted Answer

The past 12 months saw a strong jump in what houses are worth in Currajong: median house values rose 21.4%. House rents also climbed, up 15.2%, and unit rents rose 11.4% over the same period. Put simply, both house and unit rental income moved higher this year, with house rents rising faster than unit rents, and for houses the capital gain (21.4%) exceeded the rent increase (15.2%). Whether that balance of stronger capital growth and solid rent growth fits your own investment 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	$639K	N/A
Change in value Past 12 months	21.4%	N/A
Sold Past 3 months	14	1
Median days on market Past 12 months	15	N/A
Average rent Past 12 months	$530	$390
Change in rent Past 12 months	15.2%	11.4%

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