Question 1

Is Tin Can Bay a nice place to live?

Accepted Answer

Tin Can Bay is a relaxed seaside village on the Great Sandy Strait, known for calm, protected waters, a marina and the foreshore dolphin-feeding. Low-rise weatherboard and brick homes, holiday houses and a scattering of rural-residential blocks give it a quietly maritime character. Boating, fishing and birdwatching are everyday pastimes, and there is easy access to Rainbow Beach and Cooloola National Park for coastal walking and sand country. A compact town centre, boat ramps and waterfront esplanades make day-to-day life centred on the water.

Home to 2,293 people with a median age of 65, the community leans towards older residents and couple families without children. About seven in ten homes are owner-occupied while around three in ten are rented. The council is carrying out water-main renewal works, has further investigation under way for a proposed RV park, and is progressing playground and pathway upgrades, with Wes Mitchell Park’s playground already renewed. Whether Tin Can Bay suits you will come down to whether you want a small coastal village lifestyle focused on outdoor and boating activities.

Question 2

Is it expensive to live in Tin Can Bay?

Accepted Answer

In Tin Can Bay a typical local household earned $734 a week at the last Census. Against that benchmark, average house rent of $530 a week would be about 72.2% of a typical local household's weekly income at the last Census, and average unit rent of $440 a week would be about 59.9%. Both numbers represent a large share of a typical local household's income at the last Census, with house rents taking the larger share; for renters these rent shares are the most relevant figures to consider and whether they feel expensive will depend 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 Tin Can Bay a good place to invest?

Accepted Answer

Unit rents jumped a strong 14.3% over the past year, the clearest movement in Tin Can Bay's market. Median unit values edged up 1.6%, so the rent a unit earns grew much faster than unit prices. House values rose a solid 7.9% while house rents increased marginally by 1.0%.

If rental income is your priority, the unit figures are the most relevant this year because unit rents were the strongest performer. If you care more about capital growth, house values supplied the larger price gain. Whether that mix suits you depends 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	N/A	N/A
Change in value Past 12 months	7.9%	1.6%
Sold Past 3 months	8	1
Median days on market Past 12 months	65	68
Average rent Past 12 months	$530	$440
Change in rent Past 12 months	1.0%	14.3%

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