Question 1

Is Mahomets Flats a nice place to live?

Accepted Answer

Mahomets Flats is a small, low-lying residential pocket on the edge of Geraldton where life is practical and relatively quiet. Streets are mostly single-storey homes on modest blocks with pockets of open space and local parks, and transport is mainly by road. Households lean towards couples — together, couple families with and without children account for about three in four families — and the area attracts a mix of families and workers after affordable, easy-care housing and coastal access without living in a busy centre.

The suburb is home to 806 people, with a median age of 41 and a median household income of $1,406 a week (roughly $73,100 a year). Most homes are owner-occupied (about 61.8%) while around 38.3% are rented. There are active housing projects and proposals under way, including a planned key worker village on Crown land, the almost completed Olive Street homes for key public servants, and early-stage concepts for a holiday park and accommodation village. Whether Mahomets Flats suits you depends on whether that straightforward, coastal-edge lifestyle fits your needs.

Question 2

Is it expensive to live in Mahomets Flats?

Accepted Answer

Average house rent in Mahomets Flats is $575 a week. Against the median total household income of $1,406 a week as recorded at the most recent Census, that rent would take about 40.9% of a typical local household's weekly income, which is a large share. If you're renting rather than buying, that rent share is the figure that matters and whether it 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 Mahomets Flats a good place to invest?

Accepted Answer

Over the past 12 months house values in Mahomets Flats climbed 21.2%, a strong increase, while the rent on houses rose 15.0%, also a strong rise. The value increase outpaced rent growth this year, so capital growth has been the stronger performer on the house side over the period. For someone weighing Mahomets Flats up as an investment, these house figures show both prices and rental income moved up over the year; which of those matters more will depend on your investment 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	21.2%	N/A
Sold Past 3 months	4	1
Median days on market Past 12 months	10	N/A
Average rent Past 12 months	$575	N/A
Change in rent Past 12 months	15.0%	N/A

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