Question 1

Is Picnic Bay a nice place to live?

Accepted Answer

Picnic Bay is a laid-back Magnetic Island village beside a sheltered bay and jetty, with a compact centre of cafés, takeaways and basic services.

The community is older and weighted towards couples without children at home, with 69.1% of families in that group. Everyday life centres on the bay for swimming, snorkelling and fishing, regular ferry connections to the mainland, a small cluster of cafés and takeaway outlets, and walking tracks into Magnetic Island National Park. Maritime Safety Queensland has commenced repairs to the heritage-listed Picnic Bay Jetty.

Question 2

Is it expensive to live in Picnic Bay?

Accepted Answer

A typical local household in Picnic Bay earned about $870 a week at the last Census. There haven't been enough recent sales or rentals to put reliable figures on what homes cost to buy or rent in Picnic Bay, so it isn't possible to describe how expensive it is to live here compared with local incomes.

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 Picnic Bay a good place to invest?

Accepted Answer

A strong 18.0% rise in median house values over the past 12 months is the headline for Picnic Bay. That change represents a large increase in capital value for houses on this page, and there isn't enough recent data here to report movements for rents or for the unit market.

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	18.0%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	QLD
Median age years	59	38
Median household income weekly	$870	$1,675
Couples with children share of families	11.1%	41.2%
Couples without children share of families	69.1%	40.3%
One-parent families share of families	16.0%	16.8%
Homes owned outright share of homes	41.1%	30.1%
Homes with a mortgage share of homes	22.6%	35.6%
Homes rented share of homes	36.3%	34.3%

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