Question 1

Is Koongal a nice place to live?

Accepted Answer

Koongal, a Rockhampton suburb by the Fitzroy River, has tree-lined streets, a mix of classic timber Queenslanders and low-set brick homes, and pockets of riverside parkland.

The community has incomes below the Queensland median. Couples with children are the largest family group at 38.8% and most homes are owner-occupied, with neighbourhood shopping and community facilities nearby, sports grounds and school sites close at hand, and regular buses and arterial roads linking to the city and the wider region. Donovan Park includes an undercover fishing platform and a picnic table with natural shade, delivered through the council's recreational fishing platform program.

Question 2

Is it expensive to live in Koongal?

Accepted Answer

Buying a house in Koongal works out to about 8.6 times a typical local annual household income, based on a typical local household income of $1,320 a week at the most recent Census. The average house rent of $520 a week would take about 39% of that weekly household income, while the average unit rent of $398 a week would take about 30%.

On these figures, buying sits well above local incomes, and renting would take a sizeable share of a typical local household's income — roughly four tenths for a house and about three tenths for a unit. 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 Koongal a good place to invest?

Accepted Answer

House values in Koongal rose 20.4% over the past 12 months, while unit values climbed 15.2%.

Over the same period house rents increased 4.0% and unit rents rose 13.7%. For houses, capital growth outpaced rental growth by a wide margin. For units, values and rents both rose strongly, with values only slightly ahead of rents.

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	$593K	N/A
Change in value Past 12 months	20.4%	15.2%
Sold Past 3 months	21	3
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	$520	$398
Change in rent Past 12 months	4.0%	13.7%

	Suburb	QLD
Median age years	35	38
Median household income weekly	$1,320	$1,675
Couples with children share of families	38.8%	41.2%
Couples without children share of families	35.6%	40.3%
One-parent families share of families	23.7%	16.8%
Homes owned outright share of homes	27.7%	30.1%
Homes with a mortgage share of homes	35.2%	35.6%
Homes rented share of homes	37.1%	34.3%

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