Question 1

Is Koongal a nice place to live?

Accepted Answer

Koongal is a residential pocket on Rockhampton’s eastern side, with mostly single-storey brick and weatherboard homes on generous blocks. The housing is practical and suits families, tradespeople and long-term locals. Everyday life centres on neighbourhood parks, sporting fields and a handful of local shops, while larger retail and services are a short drive away. The suburb feels settled rather than trendy and has good road links to the city and surrounding employment hubs.

Around 4,252 people live in Koongal; the median age is 35 and the median household income is $1,320 a week (about $68,640 a year). The community is strongly weighted towards couple families, who make up roughly three quarters of families, and around 63% of dwellings are owner-occupied while about 37% are rented. Council-managed parks include Rigarlsford Park, Marjorie Nugent Park, Enid O'Toole Park and Donovan Park, the area is served by Kinetic bus routes, and a proposal for a dog off-leash area at Rigarlsford Park has been put forward. Whether Koongal suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Koongal?

Accepted Answer

At a median house price of $558,250, buying in Koongal works out to about 8.1 times a typical local annual household income at the last Census, which sits in the higher end of price multiples against local incomes. That suggests buying a house is notably above what people locally earned at the last Census.

Renting looks less stretched but still significant: a house rent of $520 a week would take about 39.4% of a typical local household's weekly income at the last Census (a sizeable share), while a unit at $385 a week would take about 29.2% (a moderate share). If you're renting rather than buying, those rent shares are the figures that will matter to you; whether they feel expensive depends on your own situation.

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

The clearest movement in Koongal over the past year was on the unit side: median unit values jumped 36.6%, while median house values also rose a strong 20.6%. On the income side, unit rents increased 10.0% and house rents rose 5.1%.

For someone weighing Koongal up as an investment, the value figures point to capital growth over the year and the rent figures show how rental income changed. Units have outperformed houses both in value and in rent growth this year, so the units side has been the stronger performer on both capital and income measures. Whether that balance fits your objectives and circumstances is something only you can decide.

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	$558K	N/A
Change in value Past 12 months	20.6%	36.6%
Sold Past 3 months	30	3
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	$520	$385
Change in rent Past 12 months	5.1%	10.0%

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