Question 1

Is Railway Estate a nice place to live?

Accepted Answer

Railway Estate is an inner Townsville suburb close to the Ross River and the port, with railway-era timber houses, tree-lined streets and small shopping strips.

The median age is 36, couples without children are the largest family group and most homes are owner-occupied. Local life centres on riverfront walking routes, maritime facilities and parks, with straightforward road links to nearby urban and industrial precincts. The North Rail Yards redevelopment has received a state funding commitment for remediation and heritage stabilisation.

Question 2

Is it expensive to live in Railway Estate?

Accepted Answer

A typical local household earned about $1,529 a week at the most recent Census. At the current median house price of $653,000, buying a house in Railway Estate works out to about 8.2 times a typical local annual household income, which sits well above local incomes. Renting looks different: a house rent of $565 a week would take about 37% of a typical local household's weekly income, a sizeable share, while unit rent of $450 a week would take about 29% of income, a moderate share. Which of those matters most depends on whether you plan to rent or buy.

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 Railway Estate a good place to invest?

Accepted Answer

Over the past 12 months, Railway Estate recorded a large 55.3% rise in median unit values and a strong 15.9% rise in median house values. House rents rose 13.0% while unit rents rose 7.1%.

Put in investor terms, those movements mean capital growth dominated the unit market—55.3% compared with 7.1% rent growth—while for houses capital growth (15.9%) only slightly outpaced rental income growth (13.0%).

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	$653K	N/A
Change in value Past 12 months	15.9%	55.3%
Sold Past 3 months	24	N/A
Median days on market Past 12 months	19	N/A
Average rent Past 12 months	$565	$450
Change in rent Past 12 months	13.0%	7.1%

	Suburb	QLD
Median age years	36	38
Median household income weekly	$1,529	$1,675
Couples with children share of families	31.4%	41.2%
Couples without children share of families	44.4%	40.3%
One-parent families share of families	21.3%	16.8%
Homes owned outright share of homes	24.9%	30.1%
Homes with a mortgage share of homes	33.2%	35.6%
Homes rented share of homes	42.0%	34.3%

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