Question 1

Is Julago a nice place to live?

Accepted Answer

Julago is a semi-rural suburb on the outskirts of Townsville with a country feel and larger land holdings. Properties tend to be acreage or rural-residential blocks with space for sheds, boats or small-scale hobby farming, while pockets of more conventional housing have appeared. It is a small community of 384 people with a median age of 28 and a median total household income of $2,634 a week (about $137,000 a year). The household mix leans heavily towards families, and most homes are owner-occupied, with around nine in ten owned and about one in ten rented.

The Elliot Springs masterplanned community is being delivered in Julago and is planned to include about 10,600 homes, a proposed town centre, multiple schools (up to six), childcare, a large enterprise area and extensive public open space; staged construction and environment surveys for later stages are under way. Local civic amenities on the estate already include the Elliot Springs Community Hub and Wadda Mooli Park, and public works linked to the project include Bruce Highway widening and a new Bruce Highway intersection north of Muntalunga Drive. That combination makes Julago a choice for people who want more space and a quiet, outdoorsy setting while remaining within reach of Townsville for shopping, schools and medical services; whether it suits you will depend on the kind of lot size, lifestyle and access you want.

Question 2

Is it expensive to live in Julago?

Accepted Answer

Households in Julago had a median total household income of $2,634 a week at the last Census. House rents run to about $650 a week, which is roughly 24.7% of that weekly household income, a moderate share. The median house price of $663,000 is about 4.8 times a typical local household's annual income at the last Census, which sits somewhat above local incomes.

On these figures, renting a house would take about a quarter of a typical local household's income at the last Census, while buying sits at roughly 4.8 times a local year's household income, so renting looks the less stretched option. 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 Julago a good place to invest?

Accepted Answer

In Julago over the past 12 months, house values rose 5.0% while the rent those houses earn increased 9.2%. That means rental income for houses has climbed faster than house prices this year, so the rent figure is the one that matters if you’re focused on rental returns, while the value change is the capital-growth measure. Which of those matters to you will depend 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	$663K	N/A
Change in value Past 12 months	5.0%	N/A
Sold Past 3 months	10	N/A
Median days on market Past 12 months	20	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	9.2%	N/A

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