Question 1

Is Horseshoe Bay a nice place to live?

Accepted Answer

Horseshoe Bay is a sheltered beachside suburb on Magnetic Island centred on a crescent bay with calm swimming waters and a relaxed seaside atmosphere. A compact village strip provides cafes, small shops and holiday accommodation, and low-rise beach houses and apartments sit among eucalypts on gently sloping streets. Coastal walking tracks lead into Magnetic Island National Park, and the bay is used for swimming, snorkelling and small-boat activity.

The community of 611 has a median age of 57 and is weighted towards couples, with 60.5% of families being couple families without children. Homes are mostly owner-occupied, 54.6% owned outright and 27.5% with a mortgage, a combined 82.1%, and the typical household income is $1,067 a week, roughly $55,484 a year. Council projects in the area include bridge and road works, a new bus stop, wastewater upgrades, a relocated multipurpose sport court and foreshore protection. If you want a small, quieter seaside village with basic local services and easy access to coastal recreation, Horseshoe Bay could suit you.

Question 2

Is it expensive to live in Horseshoe Bay?

Accepted Answer

There haven't been enough recent sales or rentals in Horseshoe Bay to publish reliable house or unit prices or rents. The ABS recorded a median total household income of $1,067 a week at the most recent Census, but without current price or rent figures it isn't possible to describe how expensive it is to live 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

Over the past 12 months houses in Horseshoe Bay increased in median value by 3.2%, a modest rise in what a house is worth.

That change is the capital growth signal the data provides for this suburb; there isn't enough recent information here to show how rents or unit values moved over the same period, so the house value change is the primary figure to consider.

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	3.2%	N/A
Sold Past 3 months	4	1
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

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