Question 1

Is Hyde Park a nice place to live?

Accepted Answer

Hyde Park is an inner suburb of Townsville with leafy, established streets and a mainly low-rise residential character. Many classic Queenslander timber houses and modest postwar cottages sit alongside pockets of newer units, creating a steady, lived-in feel. It attracts families and professionals, and its 1,374 residents show a community weighted towards couple families with and without children. Homes are more often rented than owner-occupied, with renters making up a majority of dwellings.

Day-to-day life centres on mature gardens, neighbourhood parks and a handful of local cafés and shops, while main roads and public buses link Hyde Park with the CBD and Townsville’s waterfront. The suburb has also been affected by a recent consolidation of Mater Private services into an expanded Pimlico campus, which increased dialysis capacity and added a new maternity facility supported under the Australian Government’s Community Health and Hospitals Program. Whether Hyde Park suits you will depend on what you want from an established inner suburb close to the city.

Question 2

Is it expensive to live in Hyde Park?

Accepted Answer

Rents in Hyde Park, QLD, run to about $480 a week for houses and $405 a week for units. Against a typical local household income of $1,338 a week as recorded at the last Census, house rent would take roughly 35.9% of that income and unit rent about 30.3%.

On these figures, both house and unit rents would take a sizeable share of a typical local household's income at the last Census, with house rents the more stretched of the two. Whether that feels expensive depends on your own income and circumstances.

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 Hyde Park a good place to invest?

Accepted Answer

Unit values in Hyde Park jumped 49.1% over the past 12 months, a large increase, while house values also rose strongly, up 20.8% over the year.

Rents moved higher as well: house rents climbed 23.1% and unit rents rose 15.7%. For someone weighing Hyde Park as an investment, the value figures relate to capital growth and the rent figures to rental income — units delivered the biggest capital-growth move this year, while houses recorded the larger rental increase. Whether that balance suits you depends on your own goals and circumstances.

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	20.8%	49.1%
Sold Past 3 months	7	7
Median days on market Past 12 months	22	19
Average rent Past 12 months	$480	$405
Change in rent Past 12 months	23.1%	15.7%

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