Question 1

Is Proserpine a nice place to live?

Accepted Answer

Proserpine sits on the Proserpine River and has a compact main street, river parks and sporting grounds, plus a nearby airport at Gunyarra.

With a population of 3,614, Proserpine is an older community with incomes below the Queensland median; the largest family group is couples without children. Everyday amenity includes agricultural land and visitor services tied to the island coast, a mix of timber Queenslander cottages and more recent suburban housing on generous lots, and local shops and civic services. Planning progressed on the Proserpine Hospital Clinical Assimilation Training Area and Acute Primary Care Clinic upgrade, which includes a new renal dialysis service and refurbishment of the clinic.

Question 2

Is it expensive to live in Proserpine?

Accepted Answer

A median house price of $680,000 in Proserpine works out to about 11.1 times a typical local annual household income, using a household income of about $1,175 a week at the last Census. That multiple puts buying a house well above what a typical local household earned in a year on these figures.

For renters, $580 a week for a house would take about 49% of that weekly household income, a large share, while $370 a week for a unit would take about 31%, a sizeable share. On these figures, renting a unit would generally place less strain on a typical local household's income than buying a house or renting one.

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 Proserpine a good place to invest?

Accepted Answer

What's most notable in Proserpine is a strong 21.5% rise in median house values over the past 12 months. House rents moved the other way, falling a modest 3.3% over the same period, so for houses the change in capital value and rental income went in opposite directions.

Unit rents rose a modest 2.8% in the last year, so rents moved differently between houses and units on this page.

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	$680K	N/A
Change in value Past 12 months	21.5%	N/A
Sold Past 3 months	17	3
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	$580	$370
Change in rent Past 12 months	-3.3%	2.8%

	Suburb	QLD
Median age years	42	38
Median household income weekly	$1,175	$1,675
Couples with children share of families	35.6%	41.2%
Couples without children share of families	39.7%	40.3%
One-parent families share of families	23.0%	16.8%
Homes owned outright share of homes	32.9%	30.1%
Homes with a mortgage share of homes	29.8%	35.6%
Homes rented share of homes	37.2%	34.3%

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