Prince of Wales Island, the largest island in the Torres Strait of Queensland, Australia, presents a unique housing market characterized by its limited availability and distinctive lifestyle considerations. The island is relatively remote, which influences both the demand and supply of housing. Due to its geographical isolation, properties on the island are scarce, and the real estate market is not as dynamic as in more urban areas. Housing options are often limited to traditional dwellings and homes that blend with the natural landscape, and potential buyers or renters usually have to navigate a range of logistical challenges, such as transportation of materials and access to basic utilities, when considering construction or renovation. The small, close-knit communities on the island mean that housing transactions might also be influenced by local customs and agreements.
Living on Prince of Wales Island offers a unique lifestyle that merges traditional Indigenous culture with stunning natural beauty. Residents typically enjoy a close connection to the land and sea, relying on these environments for sustenance and recreation. The island's community is predominantly comprised of the Kaurareg people, who maintain a rich cultural heritage that is central to daily life. While the island lacks many of the modern conveniences found in more densely populated regions, this is often seen as a benefit rather than a drawback. The tranquil environment, combined with the deep sense of community, provides a peaceful and culturally enriched way of life. However, residents must also be adaptable and self-reliant, as access to goods and services requires planning and sometimes long journeys to the mainland or neighboring islands.
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Housing Stock
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Thinking about buying in Prince Of Wales Island? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
In Prince Of Wales 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Prince Of Wales Island due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Prince Of Wales 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 Prince Of Wales 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 Prince Of Wales 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 Prince Of Wales 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 Prince Of Wales 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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