Thinking about buying in Picnic Bay? Now could not be a better time, with 535 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $490,000 with prices in this suburb ranging from $206,000 to $1,843,000. Picnic Bay is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $250.00 |
Median Monthly Mortgage | $1385.00 |
Median Persons Per Bedroom | 0.70 |
Average Household Size | 2.00 |
Average Age | 58.00 |
Average Income | $652.00 |
Average Cars Per Dwelling | 1.32 |
Average Properties Within 50M | 11 |
1 Bed  $454,000 |
2 Bed  $411,000 |
3 Bed  $527,000 |
4 Bed  $753,000 |
5 Bed  $740,000 |
6 Bed+$612,000 |
In Picnic Bay 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 Picnic Bay 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 Picnic Bay 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 Picnic Bay 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 Picnic Bay 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 Picnic Bay a better buying opportunity than it may have been in the past.
THE BEACH - MAGNETIC ISLAND, 11-19 ESPLANADE, PICNIC BAY, QLD, 4819 | 0 | 0 | 0 | 650000 |
Magnetic Island State School
(While the above schools are located with the suburb of Picnic Bay 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 | |
---|---|---|---|---|---|---|---|
Jun | 0.7 | 15.5 | 25.9 | 46.9 | 92.0 | 3.5 | 15.6 |
Jul | 0.6 | 14.8 | 25.9 | 44.6 | 91.7 | 3.6 | 17.0 |
Aug | 0.4 | 15.0 | 26.8 | 42.6 | 92.4 | 3.7 | 19.7 |
Sept | 0.1 | 17.4 | 28.4 | 42.3 | 88.4 | 4.3 | 23.8 |
Oct | 0.6 | 20.9 | 29.8 | 46.9 | 85.0 | 5.0 | 25.7 |
Nov | 1.8 | 23.2 | 30.8 | 52.2 | 84.4 | 5.1 | 26.9 |
Dec | 5.1 | 24.6 | 32.0 | 52.3 | 84.9 | 5.1 | 27.1 |
Jan | 8.5 | 24.9 | 31.8 | 58.4 | 89.9 | 4.6 | 22.8 |
Feb | 6.6 | 24.9 | 32.4 | 57.2 | 91.6 | 4.0 | 23.1 |
Mar | 9.3 | 23.9 | 31 | 59.8 | 91.5 | 4.3 | 20.3 |
Apr | 1.6 | 21.6 | 30.2 | 52.6 | 90.1 | 4.0 | 19.7 |
May | 1.1 | 17.7 | 27.9 | 46.9 | 90.7 | 3.8 | 17.0 |
source: Australian Government Bureau of Meteorology
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