Question 1

Is Jubilee Pocket a nice place to live?

Accepted Answer

Jubilee Pocket is a small residential suburb on Magnetic Island beside sheltered bays with treed slopes and walking tracks into the national park.

The community's largest family group is couples without children and most homes are owner-occupied, and 2,047 people live in Jubilee Pocket. Local life centres on outdoor recreation, with village shops and cafes nearby, public parks including Wildlife Park, Bottle Tree Park and Stormvogel Park, the Whitsunday PCYC as a community facility, and council funding has been allocated to plan a new footpath on Shute Harbour Road.

Question 2

Is it expensive to live in Jubilee Pocket?

Accepted Answer

Buying a house in Jubilee Pocket at the current median of $972,500 works out to about 12.7 times a typical local annual household income, using the median household weekly income of $1,474 from the most recent Census. For renters, a house rent of $760 a week would take about 52% of that weekly income, a large share, while a unit at $548 a week would take about 37% of income, a sizeable share. On these figures, buying sits well above local incomes and renting also uses a substantial portion of a typical local household's earnings, especially for houses.

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 Jubilee Pocket a good place to invest?

Accepted Answer

The most striking movement in Jubilee Pocket over the past 12 months is an 18.1% jump in median house values, while median unit values rose 7.3% in the same period. On the income side, house rents edged up 1.3% and unit rents increased 5.4%.

Put simply, the house numbers show capital growth far outpacing rent growth, while the unit numbers show values and rents rising at a closer pace with values a little ahead. Those are the raw movements an investor would look at for capital growth (the value changes) versus rental income (the rent changes); the figures describe what happened but do not explain why or what will happen next.

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	$973K	N/A
Change in value Past 12 months	18.1%	7.3%
Sold Past 3 months	12	4
Median days on market Past 12 months	18	N/A
Average rent Past 12 months	$760	$548
Change in rent Past 12 months	1.3%	5.4%

	Suburb	QLD
Median age years	37	38
Median household income weekly	$1,474	$1,675
Couples with children share of families	36.1%	41.2%
Couples without children share of families	44.5%	40.3%
One-parent families share of families	17.6%	16.8%
Homes owned outright share of homes	22.1%	30.1%
Homes with a mortgage share of homes	38.2%	35.6%
Homes rented share of homes	39.7%	34.3%

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