Question 1

Is Paradise Point a nice place to live?

Accepted Answer

Paradise Point sits on the Broadwater and has long foreshore parkland, sheltered waterways and easy access to boating and fishing. The built character mixes canal-front houses and low-rise waterfront apartments with quiet, tree-lined streets. A compact village strip has cafes, eateries and everyday shops, while the esplanade, picnic areas and playgrounds give outdoor focus. Local roads and bus services connect residents to nearby shopping and leisure precincts while keeping a laid-back coastal feel.

The community is popular with families and retirees seeking a relaxed waterside lifestyle. With a population of 7,062, a median age of 53 and an owner-occupier share of 73.9%, the area reads as an established, older-skewing suburb where couple families are the norm (the two couple-family types together make up 86.5%). Planned upgrades to the boat ramp and parklands, plus funding for public amenities including a Changing Places facility, suggest ongoing investment in the foreshore.

Question 2

Is it expensive to live in Paradise Point?

Accepted Answer

On the figures, housing in Paradise Point sits well above what a typical local household earned at the last Census. A house at $1,690,000 works out to about 19.3 times a typical local annual household income at the last Census, and a unit at $1,580,000 is about 18.0 times. Renting also takes a large share of local income: house rent of $1,099 a week is roughly 65.1% of a typical household's weekly income at the last Census, and unit rent of $850 a week is about 50.4%. If you are renting rather than buying, that rent share is the most immediate measure 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 Paradise Point a good place to invest?

Accepted Answer

The standout in Paradise Point over the past year is house rents, which jumped 12.1% — a strong rise — while unit rents increased a solid 8.3%. Both rent figures rose more than the value movements for the year, so rental income has been the faster-moving part of the market recently.

On the capital growth side, unit values rose 7.1% and house values rose 5.7%, both solid increases, with unit prices outpacing houses this year. If rental income matters most to you, the house rent change is the number that speaks to that; if capital growth is your focus, the unit value rise is the relevant figure. How that fits your plans is for you to weigh up.

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	$1.69M	$1.58M
Change in value Past 12 months	5.7%	7.1%
Sold Past 3 months	38	32
Median days on market Past 12 months	64	42
Average rent Past 12 months	$1099	$850
Change in rent Past 12 months	12.1%	8.3%

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