Question 1

Is Laurieton a nice place to live?

Accepted Answer

Laurieton is a small coastal town on the Mid North Coast, sitting on the western bank of the Camden Haven River with the Three Brothers headlands nearby. Its compact waterfront centre brings shops, cafes and essential services to a working estuary, so boating and fishing are everyday pastimes. Housing mixes older timber cottages and low-rise homes with newer coastal development, and the population of 2,012 has a median age of 67, with couples without children making up 70.3% of families and a median household income of $755 a week.

Everyday amenity is straightforward: a community health centre, upgraded boating facilities at Bruce Porter Reserve, a library outdoor-space project and a new play space are all part of current local works, and a town centre master plan is under way. With about 70.7% owner-occupancy, Laurieton will appeal to retirees and anyone seeking a quieter seaside lifestyle; whether it suits you depends on what you want from a small coastal town.

Question 2

Is it expensive to live in Laurieton?

Accepted Answer

Against what a typical household earned at the last Census, housing in Laurieton sits high. A median house price of $800,000 is about 20.4 times a typical local annual household income. Renting also takes a large share of that weekly income: a house at $595 a week would use about 78.8% of a typical local household's weekly income, and a unit at $468 a week would use about 61.9%.

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 Laurieton a good place to invest?

Accepted Answer

The clearest movement in Laurieton over the past 12 months is the strong rise in house values, which climbed 22.3%. House rents also increased, up a solid 8.2% over the year. Units moved more gently: unit values rose a solid 6.0% and unit rents rose a modest 2.9%.

For someone weighing Laurieton up as an investment, those figures separate capital growth from rental income: houses showed substantially larger capital growth compared with their rent growth, while units delivered smaller value gains and only modest rent growth. Whether that balance suits your goals and circumstances is for you to decide.

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	$800K	N/A
Change in value Past 12 months	22.3%	6.0%
Sold Past 3 months	12	5
Median days on market Past 12 months	72	59
Average rent Past 12 months	$595	$468
Change in rent Past 12 months	8.2%	2.9%

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