Question 1

Is Urunga a nice place to live?

Accepted Answer

Urunga sits beside the Bellinger River estuary and the Pacific Ocean, centred on a compact shopping precinct and the long Urunga boardwalk that threads over the wetlands to the breakwall.

The community is older, with incomes below the NSW median and many households owning their homes outright; couples without children at home are the largest family group, at 51.9% of families. Everyday amenity includes walking paths, nature trails, caravan parks and riverfront reserves, and the North Coast rail line and the Pacific Highway provide regional links. The Urunga Boardwalk replacement is under way, with stages 1–3 complete and stage 4 expected.

Question 2

Is it expensive to live in Urunga?

Accepted Answer

A median house in Urunga sits at $930,000, which is about 16.7 times a typical local annual household income, based on a weekly household income of $1,071 at the last Census.

Rents are high relative to that income: $565 a week for houses would take about 53% of a typical local household's weekly income, and $435 a week for units would take about 41%. On the figures, both rents take a large share of a typical local household's income, so if you're renting rather than buying those rent shares are the numbers that matter.

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 Urunga a good place to invest?

Accepted Answer

Over the past 12 months Urunga shows a clear split between the house and unit markets: unit values jumped 22.1% and unit rents rose a strong 14.5%, while house values rose a solid 9.9% as house rents fell 5.8%. For units both capital growth and rental income moved higher, with values increasing by a larger percentage than rents, whereas for houses capital value and rental income moved in opposite directions.

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	$930K	N/A
Change in value Past 12 months	9.9%	22.1%
Sold Past 3 months	11	1
Median days on market Past 12 months	66	N/A
Average rent Past 12 months	$565	$435
Change in rent Past 12 months	-5.8%	14.5%

	Suburb	NSW
Median age years	55	39
Median household income weekly	$1,071	$1,829
Couples with children share of families	26.1%	44.7%
Couples without children share of families	51.9%	37.9%
One-parent families share of families	20.8%	15.8%
Homes owned outright share of homes	49.8%	32.6%
Homes with a mortgage share of homes	22.2%	33.6%
Homes rented share of homes	27.9%	33.7%

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