Question 1

Is Queens Park a nice place to live?

Accepted Answer

Queens Park is a small inner-eastern suburb built around the green of Queens Park and bordering Centennial Parklands, giving the area a distinctly leafy, park-side character. Streets of Federation and Californian bungalow homes sit alongside pockets of low-rise apartments, and the park is central to local life for walking, sport and picnics. A handful of cafés and shops at the suburb’s edges meet everyday needs, while public buses and nearby Randwick connect residents to wider shopping, entertainment and health services.

Home to 3,143 people with a median age of 40 and a median total weekly income of $3,441 (roughly $179,000 a year), Queens Park is weighted towards families — couple families with children are the largest group — and around 70.9% of homes are owner-occupied while 29.1% are rented. There are no significant new infrastructure or civic-amenity projects reported at present. Put together, the suburb suits people who value park-side space and a settled, mostly residential neighbourhood; whether it suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Queens Park?

Accepted Answer

Buying looks stretched in Queens Park. The median house price of $3,800,000 is about 21.2 times a typical local household's annual income as recorded at the last Census, which is a high multiple against local incomes.

Rents give a mixed picture: at $1,950 a week a house would take about 56.7% of a typical local household's weekly income at the last Census, a large share, while a unit at $963 a week would take about 28.0% of that weekly income, a moderate share. On these figures, renting a unit would use a noticeably smaller share of what a typical local household earned at the last Census, while buying or renting a house would take a much larger share.

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 Queens Park a good place to invest?

Accepted Answer

Over the past 12 months in Queens Park, median house values fell by a modest 3.4% while median unit values declined by a solid 7.1%. Rents moved the other way: house rents rose a modest 2.6% and unit rents climbed a solid 7.0%. In short, prices eased for both property types this year while rental income increased, with units showing the larger value fall and the stronger rent gain.

If rental income is your primary concern, the unit market's 7.0% rent rise is the most relevant figure; if capital change is the focus, both houses and units showed declines over the year. Whether that pattern 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	$3.80M	N/A
Change in value Past 12 months	-3.4%	-7.1%
Sold Past 3 months	11	N/A
Median days on market Past 12 months	79	N/A
Average rent Past 12 months	$1950	$963
Change in rent Past 12 months	2.6%	7.0%

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