Question 1

Is Roma a nice place to live?

Accepted Answer

Roma is a country service town in south-west Queensland that acts as a hub for surrounding cattle stations and the energy sector. The centre has a tidy main street and several historic buildings, with broad residential streets and rural blocks on the outskirts. Local landmarks reflecting the town’s pastoral and gas history include prominent saleyards and the Big Rig visitor centre, and the town is linked by the Warrego Highway and regional transport services for a practical country lifestyle.

About 6,838 people live in Roma, with a median age of 35 and a median household income of $1,706 a week. Families are largely couples, and homes are slightly more often owner-occupied than rented. Everyday life revolves around local schools, health services, sporting clubs and community events such as the agricultural show, and recent public projects include a redeveloped hospital, social housing, saleyards improvements and planned upgrades to school training facilities. Whether Roma suits you comes down to the kind of country lifestyle you want.

Question 2

Is it expensive to live in Roma?

Accepted Answer

Rents in Roma run about $500 a week for houses and $335 a week for units. Against a typical local household income of $1,706 a week as recorded at the last Census, a house rent would take roughly 29.3% of that income and a unit about 19.6% (around a fifth), so renting a house would sit in the upper end of the moderate range while a unit rent is a more modest share.

The median house price of $480,000 works out to about 5.4 times a typical local annual household income at the last Census, which places buying somewhat above what people locally earned then. If you're renting rather than buying, the rent share is the more relevant number, and whether these figures feel expensive will depend 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.

Question 3

Is Roma a good place to invest?

Accepted Answer

The most striking movement in Roma over the past year was a strong rise in house values, up 22.4%. House rents also rose strongly, up 11.1%, so on the houses side capital growth outpaced rental income over the year. Units told a different story: unit rents jumped 19.6% while unit values edged down 0.5%.

For someone weighing Roma as an investment, the value changes speak to capital growth and the rent changes speak to rental income. This year houses delivered the larger capital gain, whereas units produced the stronger rent growth despite a slight fall in value. Whether that balance suits your goals and circumstances is for you to decide.

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	$480K	N/A
Change in value Past 12 months	22.4%	-0.5%
Sold Past 3 months	47	2
Median days on market Past 12 months	35	N/A
Average rent Past 12 months	$500	$335
Change in rent Past 12 months	11.1%	19.6%

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