Question 1

Is Lammermoor a nice place to live?

Accepted Answer

Lammermoor lies on the Capricorn Coast near Yeppoon, with easy access to the Coral Sea and local beaches. The Scenic Highway and local roads connect the suburb to nearby town centres.

The suburb is residential, with incomes above the Queensland median and many households buying their homes; couple families with children make up 46.4% of families and about 2,551 people live there. Everyday life centres on outdoor activity, swimming, fishing and coastal recreation, while shops, schools and services in Yeppoon are a short drive away. The Lammermoor Beach (South) Master Plan has been endorsed by Livingstone Shire Council.

Question 2

Is it expensive to live in Lammermoor?

Accepted Answer

A typical local household earned about $2,167 a week at the most recent Census. Against that income, Lammermoor's median house price of $915,000 is about 8.1 times a typical local annual household income, which places buying well above local incomes.

Looking at renting, a house rent of $700 a week would take roughly 32% of a typical local household's weekly income, a sizeable share, while unit rent of $573 a week would take about 26%, a moderate share. If you're renting rather than buying, those rent shares are the most relevant figures to judge cost.

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 and house values in Lammermoor rose strongly over the past 12 months: unit values climbed 15.8% while house values increased 12.3%. House rents rose a modest 2.9%, so for houses capital growth outpaced rental income by a clear margin.

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	$915K	N/A
Change in value Past 12 months	12.3%	15.8%
Sold Past 3 months	17	3
Median days on market Past 12 months	23	26
Average rent Past 12 months	$700	$573
Change in rent Past 12 months	2.9%	N/A

	Suburb	QLD
Median age years	38	38
Median household income weekly	$2,167	$1,675
Couples with children share of families	46.4%	41.2%
Couples without children share of families	42.1%	40.3%
One-parent families share of families	11.5%	16.8%
Homes owned outright share of homes	29.8%	30.1%
Homes with a mortgage share of homes	46.0%	35.6%
Homes rented share of homes	24.2%	34.3%

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