Question 1

Is Lake Macdonald a nice place to live?

Accepted Answer

Lake Macdonald is a quiet Sunshine Coast hinterland locality centred on its reservoir, with bush-fringed water and pockets of open land that create a rural-residential feel. Properties are generally on larger lots, mixing older timber homes and newer houses among eucalypts. The community of 1,352 people has a median age of 49 and is dominated by couple households, and owner-occupation is common with 89.5% of homes owned. Outdoor life is a big draw here, with boating, fishing, bushwalking and birdwatching around the lake, while everyday services and schools are located in neighbouring hinterland and coastal centres.

The suburb is currently affected by a multi-year dam upgrade managed by Seqwater, which has involved lowering lake levels for works and temporary closures or changed access to some trails and the Mary River Cod Park boat ramp; Lake Macdonald Park and the Noosa Botanic Gardens remain open outside the construction zone. Council remediation and subdivision work along Lake Macdonald Drive is also under way to support future community housing. If you want a calmer, country-style lifestyle and don’t mind travelling for some services, Lake Macdonald may suit families, retirees and commuters.

Question 2

Is it expensive to live in Lake Macdonald?

Accepted Answer

House rents in Lake Macdonald run to $760 a week. Against a typical local household income of $1,771 a week at the last Census, that rent would take about 43% of a household's weekly income, which is a large share — for someone renting rather than buying, that rent share is the key number to consider when judging whether the suburb feels expensive to you.

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 Lake Macdonald a good place to invest?

Accepted Answer

Over the past 12 months the house market in Lake Macdonald shows a modest decline in median house value, down 3.1%, while house rents rose a solid 8.6%. The value figure speaks to capital growth over the year, and the rent figure represents how rental income moved in the same period.

Put simply, rental income has been the stronger performer for houses in Lake Macdonald this year; which of those outcomes matters more depends on your own investment 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	N/A	N/A
Change in value Past 12 months	-3.1%	N/A
Sold Past 3 months	5	N/A
Median days on market Past 12 months	63	N/A
Average rent Past 12 months	$760	N/A
Change in rent Past 12 months	8.6%	N/A

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