Question 1

Is Skennars Head a nice place to live?

Accepted Answer

Skennars Head is a small coastal suburb on a rocky headland with direct access to sandy beaches and coastal reserves. It has a quietly residential feel, with a mix of classic timber beach houses, lowset modern homes and some newer infill, and many properties take advantage of ocean or headland views. Outdoor life shapes daily routines here, with walking tracks, surf breaks and picnic spots close at hand, while larger shops and services are nearby.

The community of 1,303 people has a median age of 47 and households are dominated by couple families, which together account for 86.6% of families. Homes are largely owner-occupied, with 83.5% owned outright or with a mortgage and 16.5% rented. The suburb suits long-term locals, retirees, families and commuters heading to Ballina or Lennox Head. Local transport projects and upgrades to access for the Coastal Recreation Path aim to improve connections and walking and cycling links. Whether that fits you depends on what you want from a seaside suburb.

Question 2

Is it expensive to live in Skennars Head?

Accepted Answer

On the figures for Skennars Head, housing sits well above local incomes recorded at the last Census. A median house price of $1,750,000 is about 20.1 times a typical local household's annual income at the last Census (weekly household income $1,674 ? $87,048 a year). Renting a house at about $1,025 a week would take roughly 61.2% of a typical local household's weekly income at the last Census, which is a large share. Both buying and renting a house look stretched against the local income benchmark, with buying especially far above what households there earned at the last Census.

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 Skennars Head a good place to invest?

Accepted Answer

In Skennars Head, house values rose 10.1% over the past 12 months while house rents increased 12.6%. Both are strong rises for the year, and the gain in rents slightly outpaced the rise in values, so the income a house earns grew a bit faster than its capital value did. If rental income is your priority, the rent change is the most relevant figure to consider; if you are focused on capital growth, pay attention to the change in value. Whether that balance suits you depends on your own goals 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	$1.75M	N/A
Change in value Past 12 months	10.1%	N/A
Sold Past 3 months	11	1
Median days on market Past 12 months	48	N/A
Average rent Past 12 months	$1025	N/A
Change in rent Past 12 months	12.6%	N/A

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