Iama Island, also known as Yam Island, is a part of the Torres Strait Islands located in Queensland, Australia. The housing market on Iama Island is relatively unique compared to mainland Australia due to its remote location and close-knit community. Housing options are often limited, with a mix of traditional island-style homes and more modern constructions. The market tends to be less volatile, as there is less demand and fewer transactions compared to urban centers. Properties on the island are generally owned rather than rented, as family ties and cultural connections play a significant role in homeownership. Government initiatives play a crucial role in maintaining and developing infrastructure, ensuring that residents have access to necessary amenities.
Living on Iama Island offers a peaceful and community-oriented lifestyle. The island is home to a small population, predominantly composed of Torres Strait Islanders, which fosters a strong sense of community and cultural heritage. Residents enjoy a slower paced life, surrounded by stunning natural beauty, including pristine beaches and abundant marine life. However, island living also means adjusting to limited access to mainland facilities and services, as well as relying on air or sea transport for travel and supplies. Community events and traditional celebrations are integral to life on Iama Island, providing opportunities for residents to come together and maintain their cultural practices.
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Thinking about buying in Iama Island? Now could not be a better time, with just 178 residential dwellings it's a highly sought after location. The aproximate distance to the coast is 15 Km.
In Iama Island there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Iama Island is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Iama Island changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Iama Island necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Iama Island we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Iama Island a better buying opportunity than it may have been in the past.
Instant Property ValuationNone within suburb boundary
(While the above schools are located with the suburb of Iama Island there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 14.1 | 25.3 | 31.1 | 69.3 | 92.5 | 3.9 | 18.3 |
Feb | 12.6 | 25.3 | 30.8 | 70.5 | 93.6 | 3.6 | 20.3 |
Mar | 10.5 | 25.3 | 30.8 | 71.0 | 93.8 | 3.4 | 19.2 |
Apr | 5.6 | 25.6 | 30.9 | 68.4 | 90.2 | 4.7 | 21.1 |
May | 1.7 | 25.1 | 30.3 | 65.3 | 86.5 | 6.2 | 20.1 |
Jun | 0.4 | 24.3 | 29.7 | 63.8 | 87.3 | 6.3 | 19.1 |
Jul | 0.3 | 23.4 | 29.1 | 61.6 | 87.9 | 6.7 | 19.8 |
Aug | 0.2 | 23.5 | 29.6 | 58.9 | 84.7 | 6.7 | 22.0 |
Sept | 0.1 | 24.1 | 30.3 | 58.0 | 83.1 | 7.0 | 24.1 |
Oct | 0.6 | 24.9 | 31.3 | 58.6 | 83.6 | 6.7 | 25.9 |
Nov | 0.7 | 26.0 | 32.1 | 59.4 | 83.3 | 5.8 | 26.2 |
Dec | 4.3 | 25.9 | 32.4 | 61.3 | 87.3 | 4.2 | 23.4 |
source: Australian Government Bureau of Meteorology
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