Question 1

Is Nome a nice place to live?

Accepted Answer

Nome is a semi-rural suburb on Townsville’s southern fringe with a low-density, country-style character. Larger residential blocks and hobby farms sit among native bushland and small creeks, and housing ranges from older farmhouses to more recent rural-residential lots. Local shops and services are limited, so residents typically travel to nearby suburban centres for schools, shopping and medical care. The Bruce Highway forms the southern boundary and the locality is home to the Billabong Sanctuary.

It is a small, settled community of 990 people, with a median age of 52 and a typical household income of $1,452 a week (about $75,500 a year). Families are dominated by couples and homes are overwhelmingly owner-occupied at 88.7%. There are no significant new infrastructure or development projects in Nome at this time. Whether Nome suits you will depend on whether you prefer a quieter, rural pace with space and privacy or closer-in suburban convenience.

Question 2

Is it expensive to live in Nome?

Accepted Answer

There haven't been enough recent sales or rentals in Nome to publish reliable house or unit price and rent figures. Because of that, it's not possible to describe how housing costs compare with a typical local household's income at the last Census.

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 Nome a good place to invest?

Accepted Answer

House values in Nome jumped 61.5% over the past 12 months, a strong rise in what houses are worth over the year. For someone weighing Nome up as an investment, that figure points to substantial capital growth on the house side over the last 12 months; what that means for 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	N/A	N/A
Change in value Past 12 months	61.5%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	63	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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