Question 1

Is South Golden Beach a nice place to live?

Accepted Answer

South Golden Beach is a low-key coastal village in Byron Shire with a long sandy shore, dune vegetation and quiet residential streets. It attracts people after a relaxed beach lifestyle, including families, retirees and owners of holiday homes. Housing is largely low-rise, a mix of older weatherboard cottages and more recent builds set among native coastal gardens. Days here tend to centre on the beach, local walking tracks and birdlife in nearby reserves, while cafés, the river precinct and services of Brunswick Heads and the visitor draw of Byron Bay are an easy drive away.

With 887 residents, a median age of 40 and a median household income of $1,620 a week, the community is weighted towards families and most homes are owner-occupied (66.3%). Byron Shire Council has adopted a place plan covering New Brighton, South Golden Beach and Ocean Shores and set up a Place Planning Collective North to work with residents on village-centre, foreshore access and community-space improvements. Local assets include the South Golden Beach community hall and the Shara community gardens, and council work on shoreline access and drainage upgrades is under way.

Question 2

Is it expensive to live in South Golden Beach?

Accepted Answer

Renting a house in South Golden Beach would take a large share of a typical local household's income at the last Census. At $950 a week against a median household income of $1,620 a week at the last Census, that rent is about 59% of a typical local household's weekly income, so rent would form a large proportion of weekly household earnings for many local households.

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 South Golden Beach a good place to invest?

Accepted Answer

For someone weighing South Golden Beach as an investment, the past year saw house values edge up 1.2% while house rents rose 5.6%. The 1.2% change in median house value is a marginal increase, whereas the 5.6% rise in house rents is a solid gain, so the rent a house earns has been the stronger performer this year compared with capital growth. Whether that balance fits your investment goals and circumstances is for you to decide.

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	1.2%	N/A
Sold Past 3 months	6	N/A
Median days on market Past 12 months	48	N/A
Average rent Past 12 months	$950	N/A
Change in rent Past 12 months	5.6%	N/A

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