Question 1

Is Kin Kora a nice place to live?

Accepted Answer

Kin Kora is an established, practical suburb of Gladstone with tree-lined streets and mostly low-set brick homes alongside pockets of newer infill and townhouses. It sits close to Gladstone’s CBD and the port, and day-to-day life centres on a neighbourhood shopping village, parks and sporting fields. Major roads and regular bus services connect the suburb to the wider region, while coastal recreation around Gladstone Harbour is within easy reach, so everyday errands and week-end options are convenient without the bustle of the central city.

The community numbers 2,396 people, with a median age of 37 and a median total household income of $1,702 a week, roughly $88,500 a year.

Families are the dominant household type. Couple families with children are the single largest group at 40.6%, and couple families without children are close behind on 39.6% — together just over four in five families. One-parent families make up 18.4% of families, while other families account for 1.4%.

Homes in Kin Kora are mostly owner-occupied: combining 27.3% owned outright and 41.6% owned with a mortgage gives 68.9% owner-occupied, compared with 31.1% rented.

Question 2

Is it expensive to live in Kin Kora?

Accepted Answer

Buying a house in Kin Kora works out to about 6.8 times a typical local household's annual income at the last Census, based on the median house price of $605,750. Renting is less stretched by that measure: the average house rent of $540 a week would take about 31.7% of a typical local household's weekly income at the last Census ($1,702 a week), a sizeable share, while the average unit rent of $373 a week would be about 21.9%, a moderate share. On these figures, buying looks more stretched against local incomes at the last Census than renting does, but how that reads for you depends on your own 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 Kin Kora a good place to invest?

Accepted Answer

House values in Kin Kora rose 9.0% over the past 12 months, a solid increase in capital value. Over the same period house rents grew a modest 3.8%, while unit rents climbed 6.6%, a notable rise and the stronger rental performer this year. In short, house prices have done more of the lifting on capital growth, while unit rents have increased faster than house rents.

Whether that balance suits you and makes Kin Kora the right investment for your needs 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	$606K	N/A
Change in value Past 12 months	9.0%	N/A
Sold Past 3 months	10	2
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	$540	$373
Change in rent Past 12 months	3.8%	6.6%

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