Question 1

Is Salamander Bay a nice place to live?

Accepted Answer

Salamander Bay is a coastal suburb anchored by a sheltered bay, marina and an attractive foreshore reserve. Everyday life centres on boating, fishing and waterfront walks, and there are cafes, a shopping centre and boat ramps close by. Housing mixes low-rise holiday apartments with established single-fronted homes on treed streets, which attracts families, retirees and people seeking a coastal weekend base. The suburb also gives easy access to coastal bushland on the Tomaree peninsula and straightforward road links to nearby town centres.

The community of 4,991 has a median age of 57 and a typical household income of $1,107 a week. Couple families without children are the largest household type and owner-occupation is common, with about 76.8% of homes owner-occupied. Council has a town-centre place plan and a range of civic projects under way or planned, including an approved TAFE learning centre, sports-facility and reserve upgrades and community-centre improvements. Whether Salamander Bay suits you will depend on whether a settled coastal setting and ready waterfront access are what you want.

Question 2

Is it expensive to live in Salamander Bay?

Accepted Answer

Buying a house in Salamander Bay sits well above what local households earned at the last Census: the median house price of $1,330,000 is about 23.1 times a typical local annual household income at the last Census.

Rent is also a large share of local incomes at the last Census. A house rent of $720 a week would take about 65% of a typical local household's weekly income, while an average unit rent of $575 a week would take about 52%. Whether that feels expensive 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.

Question 3

Is Salamander Bay a good place to invest?

Accepted Answer

Over the past year houses in Salamander Bay saw median values rise 7.7% while the rent those houses earn climbed 9.9%. The value number is a measure of capital growth over the year, and the rent number shows how rental income changed in the same period.

Because house rents grew faster than house values this year, the rent a house earns has been the stronger performer in Salamander Bay over the past 12 months. Whether that pattern fits your investment goals depends on your own circumstances and what you are looking for.

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	$1.33M	N/A
Change in value Past 12 months	7.7%	N/A
Sold Past 3 months	25	3
Median days on market Past 12 months	51	N/A
Average rent Past 12 months	$720	$575
Change in rent Past 12 months	9.9%	N/A

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