Question 1

Is Twin Waters a nice place to live?

Accepted Answer

Twin Waters sits on the Sunshine Coast at the mouth of the Maroochy River, framed by a tidal lagoon, canal waterways and a long sandy shoreline. Low-rise residential streets and canal-front homes sit alongside holiday accommodation clustered around a well-known resort and its adjacent golf course. Life there is quietly coastal, with boating, beachside walking and cycling and relaxed outdoor living the local rhythm, and native reserves and parkland edges giving the area a green, sheltered character while neighbouring Maroochydore provides retail and services.

The suburb has a population of 2,966 and a median age of 60, with a community weighted towards couple households without children and a high rate of owner-occupation (87.7%). There is a state-owned public boat ramp and floating walkway with upgrade works, local river and conservation programs applying to the area, and a proposal to realign the suburb boundary with neighbouring Pacific Paradise to reduce postal and emergency-services confusion.

Question 2

Is it expensive to live in Twin Waters?

Accepted Answer

Rents in Twin Waters sit high against local incomes recorded at the last Census. With a typical local household earning $1,689 a week at the last Census, the average house rent of $1,200 a week would take about 71.0% of that weekly income, while the average unit rent of $925 a week would take about 54.8%. On these figures, both house and unit rents would take a large share of a typical local household's income at the last Census, with houses more stretched than units. 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 Twin Waters a good place to invest?

Accepted Answer

Over the past year Twin Waters has shown a clear split between houses and units. House values climbed 10.4% over the year, a strong rise in what houses are worth, while unit values fell 13.3%, a sharp decline in unit capital value.

Unit rents rose 1.3% over the year, a slight increase, so units saw only modest rental income growth alongside that large fall in value. For someone weighing Twin Waters as an investment, the figures point to capital growth on the house side this year and capital decline on the unit side; whether that balance suits your goals and circumstances is for you to decide.

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	10.4%	-13.3%
Sold Past 3 months	9	3
Median days on market Past 12 months	70	72
Average rent Past 12 months	$1200	$925
Change in rent Past 12 months	N/A	1.3%

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