Question 1

Is Park Avenue a nice place to live?

Accepted Answer

Park Avenue, in Rockhampton’s urban area, is a settled residential suburb of tree-lined streets and a mix of classic timber Queenslander homes and more contemporary brick houses. It attracts families and long-term locals who value quiet streets, nearby schools, local shops and sporting fields. With the Fitzroy River close by and Rockhampton’s services within easy reach, it feels established rather than newly developed, with green pockets, community facilities and straightforward road connections that make everyday life practical.

The suburb is home to 5,292 people with a median age of 36 and a typical household income of $1,281 a week (about $66,612 a year). Almost three in four families are couple families, and about two in three homes are owner-occupied while roughly one in three are rented. Council-led work in the area is focusing on park upgrades, road rehabilitation and accessible bus-stop improvements, and Queens Park includes a land-based fishing platform. Whether Park Avenue suits you comes down to the sort of established, residential neighbourhood you’re after.

Question 2

Is it expensive to live in Park Avenue?

Accepted Answer

Buying looks relatively stretched in Park Avenue. The median house price of $511,250 is about 7.7 times a typical local household's annual income as recorded at the last Census, which places buying well above local incomes. Rents measured against that same Census household income are also notable: a house rent of $540 a week would take about 42.1% of weekly household income, a large share, while a unit rent of $385 a week would take about 30.1%, roughly a third and a sizeable share.

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 Park Avenue a good place to invest?

Accepted Answer

The most striking movement in Park Avenue over the past 12 months is house values, which rose 14.9%, a strong increase in what a house is worth. House rents climbed 8.0% over the year, a solid rise, while unit rents increased 10.0%, a strong rise, so rental income on units has grown a little faster than for houses this year.

If you're weighing Park Avenue up as an investment, the 14.9% jump in house values points to capital growth over the year, while the rent figures show recent changes in rental income; which of those matters more 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	$511K	N/A
Change in value Past 12 months	14.9%	N/A
Sold Past 3 months	22	1
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	$540	$385
Change in rent Past 12 months	8.0%	10.0%

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