Question 1

Is Rosslea a nice place to live?

Accepted Answer

Rosslea is a small riverside suburb of Townsville along the Ross River, with mostly low-rise residential streets, single-storey homes on leafy blocks and pockets of riverfront parkland. It feels settled rather than new and attracts families and people who work nearby who value easy access to shops, schools and public transport without being in the middle of town.

About 1,903 people live in Rosslea, with couple families making up 74.7% of families. Dwellings are more often rented than owner-occupied (58.4% rented, 41.7% owner-occupied). Recent local works have increased the river crossing capacity and improved pedestrian and bicycle connections, lighting and CCTV; the Corcoran Park netball courts have been renewed and construction has begun on the Weststate Private Hospital to repurpose the former school site. Whether Rosslea suits you will come down to whether that riverside, settled suburb with nearby amenities fits your needs.

Question 2

Is it expensive to live in Rosslea?

Accepted Answer

On these figures, buying in Rosslea sits well above what a typical local household earned at the last Census. A median house at $785,000 is about 11.3 times a typical local annual household income at the last Census, and a median unit at $495,000 is about 7.1 times. Renting also takes a sizeable share of local income: the average house rent of $470 a week is about 35.3% of a typical local household's weekly income at the last Census ($1,332 a week), and the average unit rent of $435 a week is about 32.7%.

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 Rosslea a good place to invest?

Accepted Answer

Capital growth was the standout in Rosslea over the past 12 months. House values climbed a strong 29.5% and unit values also rose strongly, up 15.4%, so house price growth outpaced units this year.

For rental income, unit rents rose 13.0% over the year, a strong increase. That's the figure to focus on if rental income is your priority. Which of these movements matters most depends on your 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	$785K	$495K
Change in value Past 12 months	29.5%	15.4%
Sold Past 3 months	11	11
Median days on market Past 12 months	15	8
Average rent Past 12 months	$470	$435
Change in rent Past 12 months	N/A	13.0%

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