Question 1

Is Parkhurst a nice place to live?

Accepted Answer

Parkhurst blends semi-rural character with suburban living, with large residential blocks, pockets of newer housing, local shops and sporting fields.

It is a young community with incomes above the Queensland median and many households buying their homes, and couples with children make up 53.1% of families. Day-to-day life centres on outdoor space, home workshops, local shops, sporting fields and nearby community facilities, and road connections make Rockhampton and the wider region easily reachable. The Parkhurst Residential Enabling Infrastructure Project has received funding and includes an extension of Alexandra Street to unlock staged housing development.

Question 2

Is it expensive to live in Parkhurst?

Accepted Answer

At roughly $861,400, a median house in Parkhurst works out to about 7.4 times a typical local annual household income. A typical local household earned about $2,227 a week at the most recent Census, and with house rent around $600 a week, rent would take about 27% of that weekly income, a moderate share. On these figures, buying a house sits well above local incomes while renting looks more moderate; which matters most will depend on your own 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 Parkhurst a good place to invest?

Accepted Answer

In Parkhurst over the past 12 months, house values climbed a strong 13.3% while house rents rose a solid 9.1%. For houses, that means capital growth outpaced rental income growth over the period.

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	$861K	N/A
Change in value Past 12 months	13.3%	N/A
Sold Past 3 months	24	N/A
Median days on market Past 12 months	13	N/A
Average rent Past 12 months	$600	N/A
Change in rent Past 12 months	9.1%	N/A

	Suburb	QLD
Median age years	32	38
Median household income weekly	$2,227	$1,675
Couples with children share of families	53.1%	41.2%
Couples without children share of families	33.4%	40.3%
One-parent families share of families	12.5%	16.8%
Homes owned outright share of homes	22.0%	30.1%
Homes with a mortgage share of homes	49.8%	35.6%
Homes rented share of homes	28.1%	34.3%

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