Question 1

Is Middlemount a nice place to live?

Accepted Answer

Middlemount is a purpose-built mining town and service centre for coal operations, with a compact planned layout, a central retail precinct and light industrial edges.

The town is a young community with incomes above the Queensland median and many renters, with 93.7% of homes rented. Everyday life revolves around the central shops, essential services, regular local sport and community events, and outdoor recreation on the surrounding bushland, while reliable road connections link Middlemount to the wider mining region. The council has a proposal to establish a Middlemount Community Hub by relocating customer services, including the QGAP office, into the library shopfront in the shopping centre.

Question 2

Is it expensive to live in Middlemount?

Accepted Answer

Rents in Middlemount sit at about $500 a week for houses and $390 a week for units. A typical local household earned about $2,721 a week at the most recent Census, so renting a house would take roughly 18% of that weekly income and renting a unit about 14%. Those are modest shares of a typical local household's income.

For people looking to rent in Middlemount, those rent shares are the most relevant numbers; whether they feel 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 Middlemount a good place to invest?

Accepted Answer

Over the past 12 months Middlemount's median house value climbed a strong 21.6%, while median unit values fell sharply by 11.4%.

House rents rose a modest 3.1% and unit rents rose a modest 4.0%. In other words, house capital growth has far outstripped rental income growth for houses, whereas unit rents moved up while unit capital values moved down.

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	21.6%	-11.4%
Sold Past 3 months	4	3
Median days on market Past 12 months	69	N/A
Average rent Past 12 months	$500	$390
Change in rent Past 12 months	3.1%	4.0%

	Suburb	QLD
Median age years	32	38
Median household income weekly	$2,721	$1,675
Couples with children share of families	54.9%	41.2%
Couples without children share of families	35.2%	40.3%
One-parent families share of families	9.9%	16.8%
Homes owned outright share of homes	2.8%	30.1%
Homes with a mortgage share of homes	3.5%	35.6%
Homes rented share of homes	93.7%	34.3%

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