Question 1

Is Walkerston a nice place to live?

Accepted Answer

Walkerston's compact town centre includes a handful of shops, sports fields and Alsatia Park, and the Walkerston Bypass has been completed.

The community has a median household income of $2,142 a week and many households are buying their homes, with housing ranging from timber Queenslander cottages to newer low-set brick homes on larger blocks or small acreage. Everyday life centres on local services and community halls, with straightforward access to regional services and the nearby urban centre, and the Walkerston-Homebush Road rehabilitation is in the planning stage.

Question 2

Is it expensive to live in Walkerston?

Accepted Answer

Renting would take a sizeable share of a typical local household's income in Walkerston. A typical local household earned about $2,142 a week at the last Census, so a house rent of $650 a week is about 30% of that income and a unit rent of $535 a week is about 25%. Buying a house is somewhat above local incomes: the median house price of $651,500 works out to about 5.9 times a typical local annual household income.

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 Walkerston a good place to invest?

Accepted Answer

In Walkerston, median house values rose a strong 12.9% in the last 12 months, while house rents increased a modest 4.8% over the same period.

Put another way, for houses the recent numbers show capital growth outpaced rental income growth: house values climbed by a noticeably larger margin than rents did.

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	$652K	N/A
Change in value Past 12 months	12.9%	N/A
Sold Past 3 months	17	N/A
Median days on market Past 12 months	16	N/A
Average rent Past 12 months	$650	$535
Change in rent Past 12 months	4.8%	N/A

	Suburb	QLD
Median age years	35	38
Median household income weekly	$2,142	$1,675
Couples with children share of families	46.5%	41.2%
Couples without children share of families	40.9%	40.3%
One-parent families share of families	12.6%	16.8%
Homes owned outright share of homes	30.7%	30.1%
Homes with a mortgage share of homes	45.6%	35.6%
Homes rented share of homes	23.7%	34.3%

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