Question 1

Is Drummond Cove a nice place to live?

Accepted Answer

Drummond Cove is a small coastal suburb on the Indian Ocean just north of Geraldton, defined by a low limestone headland, sandy beach and coastal dunes that attract walkers, anglers and swimmers. Housing is mainly single-storey detached homes and modest modern dwellings, many sited to catch sea breezes and coastal outlooks, giving a relaxed seaside feel that is popular with families and retirees. There is no major commercial centre in the suburb, so residents look to Geraldton for shops, schools and other services, while the foreshore, local birdlife and beachside recreation are the everyday drawcards.

The community of 1,605 people has a median age of 33 and a median household income of $2,134 a week. Families are heavily represented and around 72.1% of homes are owner-occupied. Coastal protection and foreshore rejuvenation work is under way, with investigations into erosion protection, a boat-launching facility and community master-planning that has shown support for a boat ramp; the area is also served by TransGeraldton bus route 850 and a feasibility study has been done for a shared path linking Sunset Beach and Drummond Cove. If you value a seaside setting and easy beach access but expect to travel into Geraldton for shops and services, Drummond Cove could fit the bill.

Question 2

Is it expensive to live in Drummond Cove?

Accepted Answer

In Drummond Cove 6532, a house rent of $680 a week is about 32% of a typical local household's weekly income as recorded at the most recent Census (income $2,134 a week). On these figures, renting a house would take a sizeable share of a typical local household's income, so for renters that is the most relevant measure; whether it feels expensive 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 Drummond Cove a good place to invest?

Accepted Answer

Median house values in Drummond Cove climbed 20.3% over the past year, a strong rise. House rents increased 6.2% over the same period, a solid gain, so on these figures capital growth for houses outpaced rental income this year. Which of those outcomes matters most will depend on your own 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	N/A	N/A
Change in value Past 12 months	20.3%	N/A
Sold Past 3 months	7	N/A
Median days on market Past 12 months	15	N/A
Average rent Past 12 months	$680	N/A
Change in rent Past 12 months	6.3%	N/A

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