Question 1

Is Woodwark a nice place to live?

Accepted Answer

Woodwark is a semi-rural locality of coastal bushland and mangrove-lined creeks, with shoreline access and nearby boat routes to the Whitsunday islands.

The township of Proserpine provides main services and connections. Woodwark is an older community where many households are buying their homes and incomes are above the Queensland median, with 51.6% of families being couples with children; native birdlife, quiet country roads and broad skies are enduring features, and a Great Barrier Reef Marine Park Authority site plan for the Woodwark Bay South location was finalised and provides for three private moorings.

Question 2

Is it expensive to live in Woodwark?

Accepted Answer

House rents in Woodwark run to about $900 a week. Against a typical local household income of about $2,031 a week at the most recent Census, that would take roughly 44% of weekly income, a large share of income. If you're renting rather than buying, that rent share is the figure that matters and whether it feels expensive depends on your own circumstances.

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 Woodwark a good place to invest?

Accepted Answer

House values in Woodwark rose a modest 4.6% over the past 12 months, while house rents climbed a strong 20.0% in the same period. For houses in Woodwark, rental income has therefore grown much faster than capital growth over that year.

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	4.6%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	24	N/A
Average rent Past 12 months	$900	N/A
Change in rent Past 12 months	20.0%	N/A

	Suburb	QLD
Median age years	44	38
Median household income weekly	$2,031	$1,675
Couples with children share of families	51.6%	41.2%
Couples without children share of families	43.8%	40.3%
One-parent families share of families	4.6%	16.8%
Homes owned outright share of homes	32.9%	30.1%
Homes with a mortgage share of homes	54.5%	35.6%
Homes rented share of homes	12.6%	34.3%

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