Question 1

Is Woodgate a nice place to live?

Accepted Answer

Woodgate is a coastal village with long sandy shorelines, coastal heath and nearby wetlands, and a modest village strip of cafés, shops and parkland.

The community is older, with many couples without children at home and a large share of homes owned outright. Everyday life centres on the beach and natural areas, with recreation focused on fishing, kayaking, walking tracks and picnic spots, and the Walkers Point boat ramp was rebuilt and opened, providing a new two-lane concrete ramp with an upstream floating walkway and a downstream rock groyne.

Question 2

Is it expensive to live in Woodgate?

Accepted Answer

Rents in Woodgate take up a large share of local household income. A typical local household earned about $907 a week at the most recent Census, and on the current figures a house rent of $550 a week would be about 61% of that weekly income while a unit rent of $465 a week would be about 51%. For renters, rent would therefore be a large part of a typical local household's weekly income, with house rentals taking a larger share than units.

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 Woodgate a good place to invest?

Accepted Answer

Unit rents in Woodgate jumped a strong 11.2% over the past 12 months. Over the same period, house values rose a solid 6.3% while house rents increased a modest 2.8%. Put simply, unit rental income has risen sharply, and for houses capital growth outpaced rent growth.

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	N/A	N/A
Change in value Past 12 months	6.3%	N/A
Sold Past 3 months	9	1
Median days on market Past 12 months	69	N/A
Average rent Past 12 months	$550	$465
Change in rent Past 12 months	2.8%	11.2%

	Suburb	QLD
Median age years	64	38
Median household income weekly	$907	$1,675
Couples with children share of families	13.5%	41.2%
Couples without children share of families	80.9%	40.3%
One-parent families share of families	5.5%	16.8%
Homes owned outright share of homes	63.1%	30.1%
Homes with a mortgage share of homes	13.5%	35.6%
Homes rented share of homes	23.4%	34.3%

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