Question 1

Is Glenella a nice place to live?

Accepted Answer

Glenella has tree-lined streets, a mix of mid-century low-set houses and newer brick and timber homes, and local shops, a primary school and sports fields for everyday convenience.

The suburb has incomes above the Queensland median and many households are buying their homes, with couple families with children making up 50.6% of families. Parks and small pockets of bushland sit alongside sports fields and local shops, while larger retail and services are a short drive away; road links make driving straightforward and local bus services connect the suburb with surrounding areas. The Mackay Port Access Project is proposed and currently in the planning phase.

Question 2

Is it expensive to live in Glenella?

Accepted Answer

A typical local household in Glenella earned about $2,535 a week at the most recent Census. Renting a house at $750 a week would take about 30% of that weekly income, a sizeable share. Buying is more stretched: a median house price of $823,000 works out to about 6.2 times a typical local annual household income, which sits well above local incomes. If you're renting rather than buying, the rent share is the most relevant number for your situation.

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 Glenella a good place to invest?

Accepted Answer

Glenella's house market showed a strong 15.1% rise in median values over the past 12 months, while house rents increased a solid 7.1%. For houses, capital growth outpaced rental income during that period, with values rising faster 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	$823K	N/A
Change in value Past 12 months	15.1%	N/A
Sold Past 3 months	20	N/A
Median days on market Past 12 months	17	N/A
Average rent Past 12 months	$750	N/A
Change in rent Past 12 months	7.1%	N/A

	Suburb	QLD
Median age years	39	38
Median household income weekly	$2,535	$1,675
Couples with children share of families	50.6%	41.2%
Couples without children share of families	37.4%	40.3%
One-parent families share of families	10.9%	16.8%
Homes owned outright share of homes	32.9%	30.1%
Homes with a mortgage share of homes	46.2%	35.6%
Homes rented share of homes	20.9%	34.3%

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