Question 1

Is Wandal a nice place to live?

Accepted Answer

Wandal is an established Rockhampton suburb with tree-lined streets, verandah-fronted Queenslander homes, suburban parks and a small local shopping strip.

Most residents are owner-occupiers, the median age is 40 and couples without children are the largest family group. Everyday amenity includes riverside parks, sports ovals, established walking paths and community facilities, and street connections make access to Rockhampton's commercial precincts straightforward. The Browne Park redevelopment was completed and includes a new 3,500-seat grandstand.

Question 2

Is it expensive to live in Wandal?

Accepted Answer

Buying a house in Wandal works out to about 7.7 times a typical local annual household income, so on the figures buying sits well above local incomes. A typical local household earned about $1,447 a week at the last Census. Renting looks tighter but more immediately accessible than buying: the average house rent of $560 a week would take about 39% of that weekly household income, while the average unit rent of $480 a week would take about 33% of income. 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 Wandal a good place to invest?

Accepted Answer

A strong 12.7% rise in house values in Wandal over the past 12 months is the standout figure. That 12.7% relates to capital growth, while house rents rose a solid 7.7%, so for houses capital growth outpaced rental income growth.

Unit rents also increased, up 6.7%, and house rents edged up slightly more than unit rents.

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	$576K	N/A
Change in value Past 12 months	12.7%	N/A
Sold Past 3 months	21	5
Median days on market Past 12 months	19	N/A
Average rent Past 12 months	$560	$480
Change in rent Past 12 months	7.7%	6.7%

	Suburb	QLD
Median age years	40	38
Median household income weekly	$1,447	$1,675
Couples with children share of families	35.8%	41.2%
Couples without children share of families	39.3%	40.3%
One-parent families share of families	21.9%	16.8%
Homes owned outright share of homes	29.0%	30.1%
Homes with a mortgage share of homes	37.1%	35.6%
Homes rented share of homes	33.8%	34.3%

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