Question 1

Is Eimeo a nice place to live?

Accepted Answer

Eimeo sits on a headland beside Eimeo Beach and the Coral Sea, with a foreshore reserve, shady parkland and a village atmosphere.

Residents generally have incomes above the Queensland median and many households are buying their homes, with couples with children making up 47.8% of families. Everyday needs are met by a compact retail strip, neighbourhood parks, paths and viewpoints used for morning walks and fishing, and the coastal road links the suburb to Mackay while creating a quieter residential setting with strong coastal character. The Eimeo and Blacks Beach Road shared pathway, a four-kilometre route to Blacks Beach, was completed.

Question 2

Is it expensive to live in Eimeo?

Accepted Answer

A typical local household earned about $2,304 a week at the last Census. Against that, the median house price of $744,000 in Eimeo works out to about 6.2 times a typical local annual household income, so buying sits well above local incomes. Renting a house at around $700 a week would take about 30% of that weekly income, a sizeable share. If you're renting rather than buying, that rent share is the figure that matters.

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 Eimeo a good place to invest?

Accepted Answer

Over the past 12 months, Eimeo house values climbed 10.5% while house rents rose a solid 6.1%. For houses, capital growth outpaced rental income, with values moving further 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	$744K	N/A
Change in value Past 12 months	10.5%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	18	N/A
Average rent Past 12 months	$700	N/A
Change in rent Past 12 months	6.1%	N/A

	Suburb	QLD
Median age years	36	38
Median household income weekly	$2,304	$1,675
Couples with children share of families	47.8%	41.2%
Couples without children share of families	38.3%	40.3%
One-parent families share of families	13.0%	16.8%
Homes owned outright share of homes	24.1%	30.1%
Homes with a mortgage share of homes	49.1%	35.6%
Homes rented share of homes	26.8%	34.3%

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