Caloundra suburb profile
Caloundra is a picturesque coastal town located on Queensland's Sunshine Coast, renowned for its stunning beaches and relaxed atmosphere. With a series of beautiful beaches like Kings Beach, Bulcock Beach, and Moffat Beach, it offers a perfect blend of natural beauty and recreational activities. Caloundra is popular among families, retirees, and holidaymakers, providing a range of amenities including shopping centers, cafes, and restaurants. The town's vibrant community events, markets, and festivals add to its charm, while its proximity to Brisbane makes it an accessible getaway. Caloundra's laid-back lifestyle and scenic surroundings make it a desirable destination for both residents and visitors.
Caloundra property market performance
Caloundra’s property market has experienced notable growth over the past 12 months, with house values increasing by 9.8% and unit values surging by 14.9%. The median house price has reached $849,000, while units have averaged $750,000, indicating strong demand, particularly in the unit sector.
Sales activity has been robust, with 15 houses and 25 units sold in the past three months. Units are selling faster than houses, with a median of 21 days on the market compared to 38 days for houses, suggesting a higher demand for units.
The rental market in Caloundra has shown varied trends, with house rents remaining stable over the last 12 months, while unit rents have increased by 8.8%, both averaging $620. This indicates a growing interest in rental units in the area.
Median price - houses$849KPast 3 months
Median price - units$750KPast 3 months
Change in value - houses9.8%12 months
Change in value - units14.9%12 months
Houses sold15Past 3 months
Units sold25Past 3 months
Median DOM - houses38Past 12 months
Median DOM - units21Past 12 months
Average rent - houses$620Past 12 months
Average rent - units$620Past 12 months
Change in rent - housesN/APast 12 months
Change in rent - units8.8%Past 12 months
Caloundra demographics
Caloundra, located on the Sunshine Coast in Queensland, is a picturesque suburb known for its stunning beaches and relaxed coastal lifestyle. With a median age of 58, it is a popular destination for retirees and those seeking a quieter pace of life. The suburb's charm lies in its blend of natural beauty and community-oriented living, making it an attractive choice for families and individuals alike.
The housing landscape in Caloundra is diverse, with a significant portion of properties owned outright, reflecting the stability and long-term commitment of its residents. Approximately 40.5% of homes are owned outright, while 15.3% are owned with a mortgage. This indicates a strong sense of homeownership and investment in the area. Additionally, 44.2% of properties are rented, catering to those who prefer the flexibility of renting or are exploring the area before making a permanent move.
Family dynamics in Caloundra are varied, with 57% of couple families having no children, highlighting its appeal to empty nesters and retirees. However, the suburb also supports families with children, as evidenced by the 22.1% of couple families with children and 19.1% of one-parent families. The community is well-rounded, offering amenities and services that cater to all age groups, from young families to older residents. Caloundra's combination of natural beauty, community spirit, and diverse housing options make it a desirable place to call home.
Caloundra infrastructure, key developments and investment opportunities
Caloundra is experiencing significant developments that are likely to impact its property market. The $1 billion Caloundra South urban development project, set to create 50,000 new homes over the next 30 years, is progressing steadily. This massive project includes plans for new schools, shopping centers, and community facilities, which could boost property demand and values in the area.
Infrastructure improvements are also underway, with the Caloundra Transport Corridor Upgrade project enhancing road connectivity. The expansion of the Sunshine Coast Airport, though not in Caloundra itself, is expected to increase tourism and business opportunities in the region. Additionally, the ongoing revitalization of the Caloundra CBD, including upgrades to public spaces and the development of a new library and community center, aims to enhance the area's livability and attract more residents and businesses.
Caloundra rental market trends
The rental market in Caloundra has shown stability for houses, with rents remaining unchanged at $620 per week over the past year. In contrast, unit rents have experienced an 8.8% increase, also reaching $620 per week. This growth in unit rents highlights a rising demand for more affordable living options in this coastal suburb, making it an attractive choice for both renters and investors.
Suburbs near Caloundra
Some popular suburbs near Caloundra include: