Question 1

Is Pittsworth a nice place to live?

Accepted Answer

Pittsworth is a country service town on the Darling Downs that serves a surrounding cropping and grazing district. Its compact main street of older timber and brick storefronts provides local shops, cafés and community facilities, and sporting grounds and a showground host regular events. Housing close to town ranges from classic timber Queenslanders and modest brick homes to larger rural lots and lifestyle properties on the outskirts, creating a relaxed, community-minded country lifestyle with access to regional services.

The suburb is home to 3,300 people with a median age of 43, and dwellings are predominantly owner-occupied (70.9%). Families are a large part of the community, with couple families without children at 44.0% and couple families with children at 38.1%. Local infrastructure work has delivered servicing for an industrial precinct, and there are planned school and community upgrades plus a proposed Inland Rail alignment nearby. Whether that suits you depends on what you value in a place to live.

Question 2

Is it expensive to live in Pittsworth?

Accepted Answer

Buying a house in Pittsworth sits notably above local incomes at the last Census. A median house price of $720,000 is about 10.7 times a typical local household's annual income as recorded at the most recent Census, which places buying well above what households there earned at the last Census.

Renting a house at around $580 a week would take roughly 45% of a typical local household's weekly income at the last Census, a large share of income. On the figures, both buying and renting take a significant portion of what a typical local household earned at the last Census, with buying especially stretched against those incomes; whether that feels expensive depends on your own income and 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 Pittsworth a good place to invest?

Accepted Answer

House values in Pittsworth rose 21.4% over the past 12 months, a strong increase in what houses are worth. Over the same year house rents jumped 30.3%, a large rise in rental income, and on these figures rent growth for houses outpaced their capital growth.

If you're weighing Pittsworth up as an investment, those house numbers are the ones to watch: the rent change speaks most directly to rental income, while the value change is the capital growth measure. Whether that mix suits your strategy 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	$720K	N/A
Change in value Past 12 months	21.4%	N/A
Sold Past 3 months	13	1
Median days on market Past 12 months	22	N/A
Average rent Past 12 months	$580	N/A
Change in rent Past 12 months	30.3%	N/A

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