Question 1

Is The Range a nice place to live?

Accepted Answer

The Range sits on the Athelstane Range overlooking Rockhampton. An established, leafy neighbourhood, it has wide, tree-lined streets and a stock of timber Queenslanders and federation-era homes on raised blocks with verandahs and gardens. Its elevation gives regular views across the Fitzroy River and city skyline and anchors parkland and the botanic gardens, popular for walks and family outings. Residents tend to be families, long-term locals and professionals who value character housing and easy access to schools, shops and the CBD.

The Range is home to 5,231 people, with a median age of 38 and a typical household income of $2,034 a week. Family life is prominent and homes are predominantly owner-occupied, with 33.6% owned outright and 38.8% owned with a mortgage, a combined 72.4% ownership. The suburb is also the focus of public-sector upgrades centred on Rockhampton Hospital, a council redevelopment of the botanic gardens and zoo, new playground facilities at Kerr Park, and a staged redevelopment at nearby Browne Park.

Question 2

Is it expensive to live in The Range?

Accepted Answer

At the last Census a typical household in The Range earned about $2,034 a week. On those figures, average house rent of $590 a week would take about 29.0% of a typical local household's weekly income at the last Census, while average unit rent of $418 a week would take about 20.6%.

The median house price of $721,000 works out to roughly 6.8 times a typical local household's annual income at the last Census, which places buying well above local incomes. On these figures, renting, particularly units, looks the more manageable option for households as recorded at the last Census, though whether that 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 The Range a good place to invest?

Accepted Answer

A solid 7.8% rise in house values was the clearest movement in The Range over the past 12 months. House rents also climbed, up 7.3%, so capital growth and rental income from houses moved at a similar pace, while unit rents increased more modestly, by 4.5%. Whether that balance suits your investing goals and circumstances is for you to weigh.

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	$721K	N/A
Change in value Past 12 months	7.8%	N/A
Sold Past 3 months	19	2
Median days on market Past 12 months	19	N/A
Average rent Past 12 months	$590	$418
Change in rent Past 12 months	7.3%	4.5%

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