Question 1

Is Suffolk Park a nice place to live?

Accepted Answer

Suffolk Park is a relaxed coastal village just south of Byron Bay, set along sandy surf beaches and coastal reserves including Broken Head. The streets mix weatherboard cottages and modest single-storey homes with contemporary beach houses and small strata complexes, giving a low-rise, informal character. It attracts surfers, young families, creatives and others after an easy beachside rhythm, with regular surf, long dune walks, quiet residential streets and a compact village strip of cafes, surf shops and community spaces. Local roads make Byron Bay and the hinterland easy to reach.

The suburb is home to 4,222 people with a median age of 39 and a median household income of $2,020 a week. Households are dominated by couples, with roughly four in ten being couple families with children and a similar share couple families without children, and about two thirds of homes owner-occupied. Local public transport links to Byron Bay and Byron Central Hospital, and council plans and recent works around Linda Vidler Park plus upgrades to the Suffolk Beachfront Holiday Park point to ongoing local amenity investment.

Question 2

Is it expensive to live in Suffolk Park?

Accepted Answer

Housing in Suffolk Park sits high against local incomes recorded at the most recent Census. A median house price of $1,775,000 is about 16.9 times a typical local annual household income at the last Census (weekly household income $2,020). Rents are also a large share of income: the average house rent of $1,295 a week would take roughly 64% of a typical local household's weekly income at the last Census, and the average unit rent of $850 a week would take about 42%.

On these figures, buying a house sits well above what households locally earned at the last Census, and renting would also take a large slice of a typical local weekly income; the rent share is the most relevant number if you plan to rent.

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 Suffolk Park a good place to invest?

Accepted Answer

The clearest story for Suffolk Park over the past year is a split between houses and units. Median unit values climbed 14.9%, a strong rise, while median house values edged down 1.1%. Rents also rose strongly: house rents increased 10.2% and unit rents rose 18.1%.

For someone thinking about investment, these figures show capital gains concentrated in units this year, while rental income grew strongly for both property types. Unit rents grew faster than unit prices, and unit values outperformed house values by a large margin; which of those outcomes matters more will depend 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	$1.77M	N/A
Change in value Past 12 months	-1.1%	14.9%
Sold Past 3 months	21	2
Median days on market Past 12 months	70	43
Average rent Past 12 months	$1295	$850
Change in rent Past 12 months	10.2%	18.1%

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