Question 1

Is Lamb Island a nice place to live?

Accepted Answer

Lamb Island has sheltered waters, a mangrove-lined foreshore and a quiet, village-like feel. Life centres on boating, fishing and simple waterfront living, with a mix of older holiday cottages and low-set houses on generous blocks, many with water or bush outlooks. Regular passenger ferry and vehicle barge links connect the island to the Redland Bay area, so most shopping, schools and services are accessed on the mainland.

It is a small community of 504 people with a median age of 63 and a median household income of $667 a week (about $34,700 a year). Families are dominated by couple families without children and homes are mostly owner-occupied (76.8% combined), with 23.2% rented. Upgrades to the ferry terminals have delivered larger accessible pontoons, wider gangways and improved waiting shelters, and a major replacement of the bulk water pipeline between Lamb and Macleay was carried out. The island attracts families, retirees and people after a low-density coastal lifestyle close to marine recreation and birdlife; whether it suits you depends on the kind of life you want.

Question 2

Is it expensive to live in Lamb Island?

Accepted Answer

There haven't been enough recent sales or rentals on Lamb Island to publish reliable current house or unit prices or rents. Without those market figures, it isn't possible to describe how expensive it is to live there compared with local incomes.

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 Lamb Island a good place to invest?

Accepted Answer

House values on Lamb Island fell 11.3% over the past 12 months, a large decline in the capital value of houses for the year. That movement is the clearest recent market signal available for the suburb.

There isn't enough recent data on unit values or on rents to report their 12-month movements. If capital growth is your priority, the house figure shows a decline over the year; if rental income matters more, the available figures don't show how rents moved. Whether that makes Lamb Island a suitable investment for you 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	N/A	N/A
Change in value Past 12 months	-11.3%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	118	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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