Question 1

Is Urraween a nice place to live?

Accepted Answer

Urraween is a mostly residential pocket of Hervey Bay set inland from the coastal esplanade. The suburb centres on Hervey Bay Hospital and a university campus, so health professionals, students and long-term residents form a steady presence. Housing is dominated by single-level homes and a handful of low-rise units, and calm streets are punctuated by parks, sporting fields and local shops. Beachside precincts and the Pialba shopping strip are easy to reach, giving residents suburban quiet with convenient access to services and recreation.

Urraween is home to 7,951 people with a median age of 55, and the community is weighted towards couples; about 77.3% of dwellings are owner-occupied and 22.8% are rented. Major local investment includes a multi-stage upgrade at Hervey Bay Hospital valued at over $100 million, which includes extra inpatient beds, a relocated intensive care unit, a rooftop helipad, a new MRI and additional parking. Nearby road works and a planned Hervey Bay Community Hub in Pialba will bring a new library and council customer service centre. Whether Urraween suits you depends on whether close access to health and education services and a settled, mostly owner-occupied neighbourhood match what you want.

Question 2

Is it expensive to live in Urraween?

Accepted Answer

On the figures for Urraween, buying a house sits well above local incomes at the last Census. The median house price of $860,000 is about 15.6 times a typical local household's annual income as recorded at the most recent Census. Renting a house at about $650 a week would take roughly 61% of that typical weekly household income, so rent would be a large share of a local household's income at the last Census. 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 Urraween a good place to invest?

Accepted Answer

House values in Urraween climbed 14.7% over the past 12 months, a strong rise in what houses are worth. Over the same period house rents increased 4.8%, a moderate uplift in rental income, so on the house side capital growth has been stronger than rent growth this year. Unit values rose 3.0%, a modest increase.

If rental income is your priority, the 4.8% rise in house rents is the most relevant figure; if capital growth matters more, the 14.7% lift in house values is what to note. Whether that pattern fits your plans 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	$860K	N/A
Change in value Past 12 months	14.7%	3.0%
Sold Past 3 months	29	N/A
Median days on market Past 12 months	26	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	4.8%	N/A

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