Question 1

Is Pacific Heights a nice place to live?

Accepted Answer

Pacific Heights sits on elevated ground with harbour and ocean outlooks, tree-lined streets and a mix of older low-set houses and newer family homes.

The community is older, with many households owning their homes outright and couples without children at home; couples without children make up 53.3% of families. Everyday amenities include neighbourhood parks, walking routes, small local conveniences and St Benedict's Catholic Primary School, while main roads link the suburb with Gladstone's commercial and industrial areas and nearby green spaces provide spots for exercise and outdoor recreation.

Question 2

Is it expensive to live in Pacific Heights?

Accepted Answer

Housing in Pacific Heights is stretched against what local households earned at the last Census. On the figures, a typical local household earned about $1,960 a week at the last Census.

Average house rent of $780 a week would take about 40% of that weekly income, a large share. The median house price of $1,030,000 works out to about 10.1 times a typical local annual household income, which sits well above local incomes. On these figures, buying a house looks particularly stretched compared with local earnings, while renting would also use a large share of income.

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 Pacific Heights a good place to invest?

Accepted Answer

In Pacific Heights, house rents climbed 11.4% over the past 12 months, while house values rose 9.2% in the same period. For houses, rental income increased a little more than capital value did — rents showed a strong rise and values a solid rise, so the recent movement on this page is driven more by higher rents than by faster value growth.

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	$1.03M	N/A
Change in value Past 12 months	9.2%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	42	N/A
Average rent Past 12 months	$780	N/A
Change in rent Past 12 months	11.4%	N/A

	Suburb	QLD
Median age years	45	38
Median household income weekly	$1,960	$1,675
Couples with children share of families	37.0%	41.2%
Couples without children share of families	53.3%	40.3%
One-parent families share of families	8.9%	16.8%
Homes owned outright share of homes	45.8%	30.1%
Homes with a mortgage share of homes	42.9%	35.6%
Homes rented share of homes	11.4%	34.3%

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