Get a property report and suburb profile for any property in Rasmussen

Rasmussen is a practical, family-focused suburb in southern Townsville with a relaxed, suburban feel. Streets mix low-set brick and timber homes on generous blocks with newer housing pockets. It is a community of 4,669 people with a median age of 32, and families are the dominant household type: couple families with children are the largest group at 38.1%, and together with couple families without children they make up 72.2% of families. Homes are mostly owner-occupied, with 55.7% owned outright or with a mortgage, while 44.2% of dwellings are rented.

The suburb supports everyday life with a small shopping hub, a local primary school and several parks and sports fields for outdoor activity. Local works include a completed upgrade to Glenrock Park with new playground equipment, shade and picnic facilities, a district centre precinct guiding mixed community, commercial, medical and residential uses, and a social housing project delivering 24 new homes aimed at eligible First Nations Queenslanders. Commuter routes connect residents to nearby employment and services, so Rasmussen tends to suit households after an established suburban base with straightforward city access.

Buying a house in Rasmussen sits at a median of $615,000, which is about 8.3 times a typical local household's annual income as recorded at the most recent Census. That multiple puts buying well above what people in the area earned at the last Census.

Renting is different: a house renting for $540 a week would take about 38% of a typical local household's weekly income at the last Census, a sizeable share, while a unit at $425 a week would take about 30% of that income, a moderate share. If you're renting rather than buying, those rent shares are the figures that matter most and whether they feel affordable 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.

Over the past 12 months in Rasmussen, median house values rose strongly, up 16.4%, while house rents also climbed strongly, up 12.5%. Unit rents recorded a solid rise of 9.0% over the same period. Taken together, the numbers show notable capital growth for houses this year alongside rising rental income for both houses and units.

Which of those movements matters most depends on your goals. If capital growth is your priority the house value increase is the headline; if rental income is the focus, both house and unit rents have risen, with house rents growing faster this year. Whether that suits your plans depends on your 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.