Question 1

Is Walkervale a nice place to live?

Accepted Answer

Walkervale is an established residential suburb of Bundaberg with a quiet, everyday lifestyle close to the city centre. Streets mix older timber and weatherboard homes with pockets of renovated cottages and newer single-level builds, giving the area a practical, lived-in character. The community of 2,981 people has a median age of 37 and a typical household income of $1,151 a week. Families are prominent, with couple families (with and without children) making up 71.8% of family households, and roughly two in three homes are owner-occupied while about one in three are rented.

Local parks, sporting fields, neighbourhood shops, schools and community facilities are all close by, and the suburb is convenient for commuting into Bundaberg or heading to the coast and surrounding rural areas. Recent active-transport and school-access upgrades have improved pedestrian and cyclist links and bus boarding points, the primary school gained a new car park and kiss-and-go, Palm Park has new playground seating, and a St Vincent de Paul Society Queensland social housing project has been designated for the area. Whether Walkervale suits you depends on what you value in a suburb.

Question 2

Is it expensive to live in Walkervale?

Accepted Answer

On the figures, housing in Walkervale looks stretched against what a typical local household earned at the last Census. The median house price of $631,250 is about 10.5 times a typical local annual household income at the last Census, which sits well above local incomes.

Renting a house at about $550 a week would take roughly 48.0% of a typical local household's weekly income at the last Census, a large share of income. If you're renting rather than buying, that rent share is the number that matters when judging affordability.

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 Walkervale a good place to invest?

Accepted Answer

The clearest movement over the past year is in house values, which climbed 25.9% — a strong rise. House rents increased 3.8% over the same period, a modest gain.

For someone weighing up Walkervale as an investment, those numbers mean capital growth on houses was the stronger performer this year while rental income rose more gently. Whether that balance fits your investment goals and circumstances is for you to weigh up.

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	$631K	N/A
Change in value Past 12 months	25.9%	N/A
Sold Past 3 months	14	N/A
Median days on market Past 12 months	12	N/A
Average rent Past 12 months	$550	N/A
Change in rent Past 12 months	3.8%	N/A

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