Question 1

Is Laguna Quays a nice place to live?

Accepted Answer

Laguna Quays is a small coastal locality beside the Coral Sea, built around a waterfront resort precinct with homes and holiday accommodation along sheltered waterways.

The community is older, with incomes below the Queensland median and couples without children making up 52.4% of families. Everyday life centres on boating, fishing and coastal recreation; housing ranges from resort-style units to detached houses on generous blocks, many with water views, and local roads connect Laguna Quays to shops and services in larger centres along the Mackay coast. No significant government-led public infrastructure or civic-amenity project is reported.

Question 2

Is it expensive to live in Laguna Quays?

Accepted Answer

At the most recent Census, a typical household in Laguna Quays earned about $588 a week. With house rents around $400 a week and unit rents about $395 a week, renting a house would take roughly 68% of that weekly household income and renting a unit about 67%.

On these figures, rent would take a large share of a typical local household's income, so for people looking to rent in Laguna Quays that rent share is the number that matters when weighing cost against your own budget. Whether that feels expensive depends on your individual 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 Laguna Quays a good place to invest?

Accepted Answer

Unit values in Laguna Quays jumped 42.0% over the past 12 months, while unit rents rose a solid 5.3%.

On units, capital growth has outpaced rental income.

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	N/A	N/A
Change in value Past 12 months	N/A	42.0%
Sold Past 3 months	N/A	5
Median days on market Past 12 months	N/A	37
Average rent Past 12 months	$400	$395
Change in rent Past 12 months	N/A	5.3%

	Suburb	QLD
Median age years	53	38
Median household income weekly	$588	$1,675
Couples with children share of families	19.0%	41.2%
Couples without children share of families	52.4%	40.3%
One-parent families share of families	28.6%	16.8%
Homes owned outright share of homes	36.4%	30.1%
Homes with a mortgage share of homes	15.9%	35.6%
Homes rented share of homes	47.7%	34.3%

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