Question 1

Is Tannum Sands a nice place to live?

Accepted Answer

Tannum Sands is known for its long sandy beaches, headlands and calm water spots that attract swimming, fishing and boating. A bridge links the suburb across the Boyne River to Boyne Island and road links reach into the Gladstone area.

The community has incomes above the median for Queensland and couples with children make up 45.7% of families. Low-rise housing and holiday homes sit behind beach reserves and parkland, and a compact retail strip with cafes and recreational facilities serves locals and visitors; construction is under way on the Boyne Tannum Aquatic Centre, which is planned to include an outdoor heated pool built to FINA standards.

Question 2

Is it expensive to live in Tannum Sands?

Accepted Answer

Buying in Tannum Sands looks relatively stretched against what local households earn. With a median house price of $810,000, that works out to about 7.7 times a typical local annual household income, based on a weekly household income of $2,035 at the most recent Census, which places house buying well above local incomes. Renting is easier to compare: a house rented for $560 a week would take about 28% of that weekly income, while a unit at $490 a week would take about 24%, so rent represents a sizeable share of a typical local household's income.

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 Tannum Sands a good place to invest?

Accepted Answer

Two very different stories are visible in Tannum Sands' house and unit markets. Over the twelve months to date, median house values rose 16.3% while house rents fell 3.4%. For houses that means the movement has been mainly in capital growth rather than rental income.

By contrast, unit rents jumped 22.5% while unit values fell 2.7%, so rental income has outgrown capital growth for units by a wide margin.

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	$810K	N/A
Change in value Past 12 months	16.3%	-2.7%
Sold Past 3 months	23	2
Median days on market Past 12 months	20	19
Average rent Past 12 months	$560	$490
Change in rent Past 12 months	-3.4%	22.5%

	Suburb	QLD
Median age years	41	38
Median household income weekly	$2,035	$1,675
Couples with children share of families	45.7%	41.2%
Couples without children share of families	41.6%	40.3%
One-parent families share of families	12.3%	16.8%
Homes owned outright share of homes	28.9%	30.1%
Homes with a mortgage share of homes	40.3%	35.6%
Homes rented share of homes	30.8%	34.3%

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