Question 1

Is Nelly Bay a nice place to live?

Accepted Answer

Nelly Bay on Magnetic Island centres on its ferry terminal and a compact village of shops, cafes and visitor services beside the bay. Walking tracks from the suburb lead into Magnetic Island National Park.

It is an older community of couples without children at home, with incomes below the Queensland median and 1,213 people recorded at the 2021 Census. Everyday amenity is focused on the village and ferry terminal, with local roads and tracks providing access to other island bays, and the Sooning Street Bridge was replaced and officially delivered.

Question 2

Is it expensive to live in Nelly Bay?

Accepted Answer

On these figures, house rent in Nelly Bay is $688 a week. A typical local household earned $1,003 a week at the most recent Census, so that rent would take about 69% of a typical local household's weekly income, a large share of income. For renters, that rent share is the most relevant measure; 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 Nelly Bay a good place to invest?

Accepted Answer

A standout on the Nelly Bay market is the movement in houses: over the most recent 12 months house rents climbed 37.6% while house values rose a solid 6.4%. For houses, rental income growth has outpaced capital growth.

Units moved differently, with unit values falling sharply, down 18.1%, a large decline in unit capital value.

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	6.4%	-18.1%
Sold Past 3 months	3	4
Median days on market Past 12 months	85	85
Average rent Past 12 months	$688	N/A
Change in rent Past 12 months	37.6%	N/A

	Suburb	QLD
Median age years	56	38
Median household income weekly	$1,003	$1,675
Couples with children share of families	19.6%	41.2%
Couples without children share of families	65.2%	40.3%
One-parent families share of families	14.2%	16.8%
Homes owned outright share of homes	47.8%	30.1%
Homes with a mortgage share of homes	24.0%	35.6%
Homes rented share of homes	28.3%	34.3%

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