Question 1

Is Toogoom a nice place to live?

Accepted Answer

Toogoom, QLD 4655, is a quiet coastal village on Hervey Bay with a relaxed seaside character centred on a long sandy foreshore and sheltered waters that suit fishing, boating and beach walks. Housing is low density, a mix of holiday homes and permanent residences on generous blocks ranging from classic timber cottages to more modern houses. The community of 2,596 has a median age of 52 and a median household income of $1,081 a week, and owner-occupiers make up 74.4% of homes. It appeals to retirees, sea-change movers and families who want outdoor living and a slower pace.

Local services are limited, so residents rely on nearby Hervey Bay for major shopping, schools and medical facilities. There is activity around boating and open space — a floating walkway at the boat ramp, proposed boating upgrades, a planned footpath on Kingfisher Parade and suggested upgrades to Toogoom Hall Park and township zoning — which strengthen access to the water. Whether that suits you depends on how much you value a quieter seaside setting with links to larger town services.

Question 2

Is it expensive to live in Toogoom?

Accepted Answer

Buying a house in Toogoom sits well above local incomes as recorded at the most recent Census. A median house price of $845,000 is about 15.0 times a typical local household's annual income at that Census ($1,081 a week, which is $56,212 a year). Renting a house would also take a large share of income: the average house rent of $650 a week is about 60.1% of the typical local household's weekly income at the most recent Census. For people focused on houses, both buying and renting sit considerably above what a typical local household earned at the most recent Census; whether that feels expensive depends 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 Toogoom a good place to invest?

Accepted Answer

The houses side of the market in Toogoom showed strong movement over the past year: median house values climbed 13.9% and house rents rose 10.2% over the 12-month period. In other words, capital growth for houses outpaced rental income growth this year, though both increases were sizable. Which of those outcomes matters most will depend on whether you prioritise capital growth or rental income in your investment goals.

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	$845K	N/A
Change in value Past 12 months	13.9%	N/A
Sold Past 3 months	17	N/A
Median days on market Past 12 months	35	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	10.2%	N/A

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