Question 1

Is Longreach a nice place to live?

Accepted Answer

Longreach is a central-west Queensland outback town on the banks of the Thomson River that serves as a service and visitor hub for surrounding cattle country. It has a compact main street, riverfront parkland and visitor facilities, and is best known for the Australian Stockman’s Hall of Fame and the Qantas Founders Museum. Housing is largely single-storey timber and brick, including classic elevated Queenslander-style homes, and the town is linked to other outback towns by regional highways and a local airport.

Longreach has a population of 3,124, a median age of 39 and a typical household income of $1,625 a week (about $84,500 a year). Families make up the majority of households and roughly three in five homes are owner-occupied. Recent and planned local works include a major water-security project to raise the town’s weirs and improve mains and household smart metres, upgrades at Longreach Hospital and new government employee housing, while the airport has a solar installation. That mix suits station families, people working in local services and tourism, and those seeking a quieter rural lifestyle; whether it fits you depends on what you want from a town.

Question 2

Is it expensive to live in Longreach?

Accepted Answer

In Longreach, house rents and house prices sit differently against local incomes. A house rent of $380 a week would take about 23.4% of a typical local household's weekly income of $1,625 at the last Census, a moderate share of income.

The median house price of $426,000 works out to about 5.0 times a typical local annual household income at the last Census, which places buying somewhat above what people locally earned then. Whether that feels expensive depends on your own income and 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 Longreach a good place to invest?

Accepted Answer

Houses in Longreach saw a large rise in value over the past year, with median house values up 38.5%. House rents also climbed, rising 11.8% over the same period. That means capital growth on houses outpaced the rise in rental income this year, while both measures moved up. Which of those outcomes matters to you will depend 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	$426K	N/A
Change in value Past 12 months	38.5%	N/A
Sold Past 3 months	14	N/A
Median days on market Past 12 months	34	N/A
Average rent Past 12 months	$380	N/A
Change in rent Past 12 months	11.8%	N/A

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