Question 1

Is Mundingburra a nice place to live?

Accepted Answer

Mundingburra is an established inner suburb of Townsville with a residential character centred on the well known Mundingburra Racecourse and a handful of local shopping strips. Streets are mostly low-set timber and brick homes from the mid 20th century alongside some newer infill and small townhouse pockets, so the housing mix ranges from traditional to contemporary. The population of 3,594 has a median age of 43, and households are mostly owner-occupied, which gives the suburb a settled, residential feel that appeals to families and professionals seeking suburban calm with easy access to urban amenities.

Everyday life is supported by parks, sporting facilities, shopping strips and regular bus routes and main roads to the city. There are council and state-funded works under way, including an accessible toilet block at Aplins Weir Rotary Park and a funded security fence at Mundingburra State School, and the nearby Townsville University Hospital is in a phase of expansion with enabling works and plans for expanded car parking and a staged hospital build that will deliver additional beds. Whether Mundingburra suits you will come down to the mix of quiet residential streets, nearby services and the kinds of homes on offer.

Question 2

Is it expensive to live in Mundingburra?

Accepted Answer

In Mundingburra, buying sits well above what local households earned at the last Census. The median house price of $692,500 is about 9.9 times a typical local annual household income (weekly income $1,344 at the last Census), which is well above local incomes. Renting takes a sizeable share too: a house rent of $530 a week would be about 39.4% of a typical local household's weekly income at the last Census, and a unit rent of $440 a week about 32.7%. If you're renting rather than buying, those rent shares are the most relevant measures for your situation.

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 Mundingburra a good place to invest?

Accepted Answer

House values in Mundingburra climbed 25.5% over the past 12 months, a strong rise, while house rents grew 8.2%, a solid increase — so house capital growth outpaced rental income growth this year. Units also recorded gains: median unit values rose 10.0% (strong) and unit rents rose 8.6% (solid), with unit values increasing a little faster than unit rents.

If capital growth is your priority, the value figures are the ones to focus on; if rental income is more important, look to the rent changes. Whether that pattern makes Mundingburra the right investment for you depends 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	$693K	N/A
Change in value Past 12 months	25.5%	10.0%
Sold Past 3 months	12	4
Median days on market Past 12 months	19	26
Average rent Past 12 months	$530	$440
Change in rent Past 12 months	8.2%	8.6%

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