Question 1

Is Primbee a nice place to live?

Accepted Answer

Primbee sits on a narrow peninsula at the entrance to Lake Illawarra and reads like a compact waterside village. Low-rise weatherboard and brick homes line foreshore reserves and calm waterways, and many properties enjoy lake views or private water access. The lifestyle centres on boating, fishing and relaxed outdoor living, with everyday shops and services nearby in Windang and Warrawong and larger retail and rail connections a short drive away. Primbee is a community of 1,623 people with a median age of 44 and it appeals to families, retirees and anyone after a quiet lakeside feel.

Households are dominated by couples, which together make up 77.9% of families, and owner-occupiers account for about two in three homes (68.4%) while renters are 31.5%. Local investment in public open space and facilities has been underway, including a Tiny Forest at Ray Crump Oval, wetland and pedestrian works at Korrongulla Swamp, upgrades to the local school and improvements to club change rooms, which all add to everyday amenity for residents.

Question 2

Is it expensive to live in Primbee?

Accepted Answer

House rents in Primbee run to about $750 a week. Against a typical local household income of $1,341 a week at the last Census, that rent would take roughly 56% of a household's weekly income, which is a large share of income. If you're renting rather than buying, that rent share is the figure that matters when judging how costly it is to live here.

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 Primbee a good place to invest?

Accepted Answer

The clearest feature of Primbee's market over the past year is the split between capital value and rental income for houses. Median house values fell 10.3% over the 12 months, a strong decline, while house rents rose 11.9% over the same period, a strong increase. Put simply, the figures show negative capital growth for houses this year alongside considerably higher rental income. Whether that mix suits your investment goals depends on your own objectives 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	N/A	N/A
Change in value Past 12 months	-10.3%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	37	N/A
Average rent Past 12 months	$750	N/A
Change in rent Past 12 months	11.9%	N/A

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