Question 1

Is Sarina a nice place to live?

Accepted Answer

Sarina is a coastal regional town framed by sugar cane country, with a compact main street, rail and highway links and nearby beaches.

Couples without children are the largest family group in Sarina, making up 42.5% of families, and most homes are owner-occupied. The town has civic and retail services, agricultural support, sporting ovals and community facilities, and outdoor life centres on fishing, boating and shoreline walks. The Sarina Hospital expansion was announced, with stage one demolition completed and new modular inpatient and transitional care facilities expected.

Question 2

Is it expensive to live in Sarina?

Accepted Answer

On the figures, housing in Sarina strains local incomes more on the buying side than the renting side. A typical local household earned about $1,605 a week at the last Census. The median house price of $550,000 is about 6.6 times a typical local annual household income. For renters, an average house rent of $628 a week would take roughly 39% of that weekly household income, a sizeable share, while an average unit rent of $373 a week would take about 23% of income, a moderate share.

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 Sarina a good place to invest?

Accepted Answer

Over the past 12 months, Sarina's house values rose a strong 16.9%, while house rents increased a solid 8.3%. For houses, that means capital growth outpaced rental income. Unit rents jumped 12.0% over the same period and rose faster than house rents.

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	$550K	N/A
Change in value Past 12 months	16.9%	N/A
Sold Past 3 months	23	2
Median days on market Past 12 months	18	N/A
Average rent Past 12 months	$628	$373
Change in rent Past 12 months	8.3%	12.0%

	Suburb	QLD
Median age years	40	38
Median household income weekly	$1,605	$1,675
Couples with children share of families	40.3%	41.2%
Couples without children share of families	42.5%	40.3%
One-parent families share of families	15.5%	16.8%
Homes owned outright share of homes	35.7%	30.1%
Homes with a mortgage share of homes	37.4%	35.6%
Homes rented share of homes	26.8%	34.3%

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