Question 1

Is Lammermoor a nice place to live?

Accepted Answer

Lammermoor is a relaxed coastal suburb on the Capricorn Coast near Yeppoon, characterised by sandy beaches, coastal reserves and open sea views. It has a low-density, beachside character of single-family homes and holiday properties along quiet streets and foreshore parkland, and everyday shops and services in Yeppoon are a short drive away. Life here is outdoors-oriented, with walking along the beach, fishing and relaxed weekend barbecues a common rhythm, which appeals to people seeking a seaside setting without high-rise development, including families, retirees and those after a quieter coastal base.

The community numbers 2,551, with a median age of 38 and a typical household income of $2,167 a week (roughly $112,700 a year). The suburb is weighted towards couple families and most homes are owner-occupied (75.8% owner-occupied, 24.2% rented). Local planning work includes a draft Lammermoor Beach (South) master plan proposing staged foreshore upgrades and a Roads to Recovery project for Bottlebrush Drive is in planning, while the Capricorn Coast Hospital and Health Service in nearby Yeppoon provides health services including a satellite renal dialysis unit.

Question 2

Is it expensive to live in Lammermoor?

Accepted Answer

At a median house price of $895,000, buying in Lammermoor works out to about 7.9 times a typical local household's annual income as recorded at the most recent Census, which puts buying well above what people there were earning at that Census.

Rents tell a different story. A house rent of $700 a week would take about 32.3% of a typical local household weekly income of $2,167 at the last Census, roughly a third and a sizeable share. A unit rent of $578 a week would take about 26.7% of that income, a moderate share. On these figures, renting looks less stretched against local incomes than buying; whether that feels expensive depends on your own 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 Lammermoor a good place to invest?

Accepted Answer

Unit prices in Lammermoor saw the biggest move over the past year: median unit values jumped 22.4%, a strong rise. House values also increased, up 12.2% over 12 months, a solid gain.

House rents rose by a modest 2.9% over the year, so on the house side capital growth outpaced rental growth in the past 12 months. If rental income is your priority, the house rent figure is the one that matters; if capital growth is your focus, the price movements for units and houses are the figures to weigh. Whether that makes Lammermoor the right investment for you depends on your 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	$895K	N/A
Change in value Past 12 months	12.2%	22.4%
Sold Past 3 months	13	5
Median days on market Past 12 months	23	19
Average rent Past 12 months	$700	$578
Change in rent Past 12 months	2.9%	N/A

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