Question 1

Is Shoal Point a nice place to live?

Accepted Answer

Shoal Point is a small coastal suburb on a narrow point by the Coral Sea, with a relaxed seaside character and water-based recreation.

It is a small, older community of 1,104 people with incomes above the Queensland median and many households buying their homes. Local life centres on outdoor activities such as fishing and boating, while local shops, public transport links and nearby parkland provide for everyday needs and walks. The Northern Beaches Community Hub has Stage 1A open to the public and Stage 1B under construction, with Stage 1B to include a library and flexible community rooms.

Question 2

Is it expensive to live in Shoal Point?

Accepted Answer

A house in Shoal Point rents for about $775 a week. Against a typical local household income of about $2,434 a week at the most recent Census, that rent would take roughly 32% of a household's weekly income, which is a sizeable share; for someone renting rather than buying, that rent share is the most relevant figure and whether it 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 Shoal Point a good place to invest?

Accepted Answer

House rents in Shoal Point jumped a strong 29.2% over the past 12 months, while house values rose 11.3%. For houses, the rise in rents outpaced the rise in values, which means rental income increased more quickly than capital growth.

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	N/A	N/A
Change in value Past 12 months	11.3%	N/A
Sold Past 3 months	5	1
Median days on market Past 12 months	26	N/A
Average rent Past 12 months	$775	N/A
Change in rent Past 12 months	29.2%	N/A

	Suburb	QLD
Median age years	42	38
Median household income weekly	$2,434	$1,675
Couples with children share of families	45.7%	41.2%
Couples without children share of families	44.2%	40.3%
One-parent families share of families	8.8%	16.8%
Homes owned outright share of homes	30.4%	30.1%
Homes with a mortgage share of homes	49.7%	35.6%
Homes rented share of homes	19.9%	34.3%

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