Question 1

Is Emerald a nice place to live?

Accepted Answer

Emerald is a regional town beside the Nogoa River and Lake Maraboon, with broad streets, public gardens and a central commercial and civic precinct.

The community is relatively young, incomes are above the Queensland median and couples with children make up 50.1% of families; many homes are rented, though most are owner-occupied. Recreational life centres on fishing and boating on Lake Maraboon, sporting clubs, the botanic gardens and regular local events, and the town is linked to the region by a regional airport and major highways. A funded redevelopment of the Emerald Regional Botanic Gardens is listed for delivery and includes a pedestrian footbridge across the Nogoa River.

Question 2

Is it expensive to live in Emerald?

Accepted Answer

A typical local household earned about $2,202 a week at the last Census, and in Emerald current housing figures work out like this. House rents around $580 a week would take about 26% of that weekly income, while units at about $445 a week would take roughly 20%. On the buying side, a median house price of $550,000 is about 4.8 times a typical local annual household income, and the median unit price of $322,500 is about 2.8 times annual income. That means buying a house sits somewhat above local incomes, while buying a unit is relatively affordable 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 Emerald a good place to invest?

Accepted Answer

What stands out in Emerald is the large lift in values: over the past 12 months unit values jumped 31.7% while house values rose a strong 19.4%. House rents rose a solid 5.5% and unit rents rose a strong 11.2%, so rental income increased for both property types but by less than capital values. Units posted bigger percentage gains than houses on both the value and rent measures, and in each case capital growth outpaced rental income.

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	$550K	$323K
Change in value Past 12 months	19.4%	31.7%
Sold Past 3 months	84	14
Median days on market Past 12 months	15	24
Average rent Past 12 months	$580	$445
Change in rent Past 12 months	5.5%	11.3%

	Suburb	QLD
Median age years	32	38
Median household income weekly	$2,202	$1,675
Couples with children share of families	50.1%	41.2%
Couples without children share of families	34.9%	40.3%
One-parent families share of families	13.8%	16.8%
Homes owned outright share of homes	16.9%	30.1%
Homes with a mortgage share of homes	38.4%	35.6%
Homes rented share of homes	44.7%	34.3%

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