Question 1

Is The Range a nice place to live?

Accepted Answer

The Range is known for its leafy, elevated streets with panoramic views over Rockhampton and the Fitzroy River, and for its grand timber Queenslanders and substantial period homes.

The community has incomes above the median for Queensland, most homes are owner-occupied, and couples with children make up 43.8% of families. Parks, the Rockhampton Botanic Gardens, walking tracks on Mount Archer, a handful of local shops, public transport and schools are within easy reach, making daily errands and recreational outings straightforward, and the Browne Park redevelopment was completed with a new western grandstand seating about 3,500 spectators.

Question 2

Is it expensive to live in The Range?

Accepted Answer

Buying a house in The Range works out to about 7.2 times a typical local annual household income. A typical local household earned about $2,034 a week at the most recent Census, the suburb's median house price is $760,000, and house rent of $580 a week would take about 29% of that weekly income while unit rent of $420 a week would take about 21%.

On these figures, buying sits well above local incomes, while renting would take a moderate share of a typical local household's income; which matters more depends on whether you're looking to buy or rent and on your own 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

What stands out in The Range is a strong 10.4% rise in median house values over the past 12 months, while house rents rose a solid 5.5% in the same period.

For houses, values increased faster than rents, so capital growth outpaced rental income. Unit rents also rose a solid 5.0%, roughly matching the pace of house rents.

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	$760K	N/A
Change in value Past 12 months	10.4%	N/A
Sold Past 3 months	21	3
Median days on market Past 12 months	19	N/A
Average rent Past 12 months	$580	$420
Change in rent Past 12 months	5.5%	5.0%

	Suburb	QLD
Median age years	38	38
Median household income weekly	$2,034	$1,675
Couples with children share of families	43.8%	41.2%
Couples without children share of families	38.7%	40.3%
One-parent families share of families	16.5%	16.8%
Homes owned outright share of homes	33.6%	30.1%
Homes with a mortgage share of homes	38.8%	35.6%
Homes rented share of homes	27.7%	34.3%

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