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Urangan is a coastal suburb shaped around its long timber pier and an active marina, with a foreshore esplanade that hosts cafes, a fish market and boat ramps. Life here is centred on the water — fishing, sailing, whale-watching charters and relaxed beach strolls are part of everyday life — and the housing mix ranges from older timber cottages and low-rise units to newer waterfront apartments that attract retirees, families and holiday homeowners. The community numbers 10,988 people, has a median age of 55 and about 69.0% of homes are owner-occupied, which gives the area a settled, seaside character.

There has been recent investment in the foreshore and pier, and transport and precinct planning for the harbour is active, while a UniSC Milbi Centre sea turtle research and rehabilitation facility and new multi-purpose school halls add local amenities. With easy access to Hervey Bay’s CBD and airport, Urangan suits people who want a laid-back, water-focused lifestyle; whether it fits you depends on what you value in a suburb.

With a typical local household income of $984 a week at the last Census, housing in Urangan takes a large slice of that benchmark. Average house rent of $600 a week is about 61.0% of that weekly income and unit rent of $518 a week is about 52.7%, so renting would use a large share of a typical local household's income. Looking to buy, the median house price of $800,000 is about 15.6 times a typical local annual household income at the last Census, and the median unit price of $605,000 is about 11.8 times, both sitting well above local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months Urangan recorded strong gains in values: median house values climbed 15.2% and median unit values rose 13.7%. Those are large increases in the price side of the market over the year.

Rents moved more modestly, with house rents up 3.4% and unit rents up 3.6%, so capital growth outpaced rental income growth this year. If rental income is your priority, the rent changes are the figures to watch; if capital growth matters more, note the value movements. Whether that balance fits your investment goals depends on your 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.