Question 1

Is Horseshoe Bay a nice place to live?

Accepted Answer

Horseshoe Bay is a bayside suburb on Magnetic Island centred on a sheltered sandy bay with a modest village strip of cafés, shops and a hotel near the shoreline.

It is an older community, with 54.6% of homes owned outright and most families made up of couples without children. Ferries connect the island with Townsville, native bushland and walking tracks of Magnetic Island National Park rise from the bay for short hikes and coastal viewpoints, and the compact village serves as a convenient base for exploring nearby bays and trails; the Henry Lawson pedestrian bridge is being replaced, with planning and tendering progressed and construction expected.

Question 2

Is it expensive to live in Horseshoe Bay?

Accepted Answer

At the most recent Census, a typical household in Horseshoe Bay earned about $1,067 a week. There haven't been enough recent sales or rentals in Horseshoe Bay to publish reliable house or unit prices or rents, so it's not possible to describe how expensive housing is here compared with 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 Horseshoe Bay a good place to invest?

Accepted Answer

Horseshoe Bay's median house value rose a solid 8.3% in the twelve months to date.

That movement describes recent capital growth for houses in Horseshoe Bay; there isn't enough recent data on rents or units to say how rental income or unit values moved.

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	8.3%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	59	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	QLD
Median age years	57	38
Median household income weekly	$1,067	$1,675
Couples with children share of families	24.4%	41.2%
Couples without children share of families	60.5%	40.3%
One-parent families share of families	12.8%	16.8%
Homes owned outright share of homes	54.6%	30.1%
Homes with a mortgage share of homes	27.5%	35.6%
Homes rented share of homes	17.9%	34.3%

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