Coral Cove suburb profile
Coral Cove is a picturesque coastal suburb located in the Bundaberg Region of Queensland, renowned for its stunning ocean views and relaxed lifestyle. Situated just south of Bargara, it offers residents a tranquil escape with easy access to the Great Barrier Reef and surrounding natural attractions. The suburb is home to the Coral Cove Golf Club, which features a unique course with holes overlooking the ocean. With a mix of modern homes and holiday accommodations, Coral Cove attracts retirees, families, and holidaymakers seeking a serene coastal environment. Its proximity to Bundaberg ensures convenient access to amenities while maintaining a peaceful, seaside charm.
Coral Cove property market performance
Property growth+62.7%Past 12 months
Coral Cove's property market has experienced notable growth over the past 12 months, particularly in house values, which have risen by 13.4%, bringing the median house price to $927,500. Although unit values have surged by an impressive 105.9%, the median unit price remains at $0, indicating limited sales activity in this segment.
Sales activity has been relatively low, with 12 houses and only 2 units sold over the past 12 months. Houses are selling at a brisk pace, with a median of 36 days on the market, while there is insufficient data to determine the market dynamics for units.
The rental market for houses in Coral Cove has seen a moderate increase, with average rents rising by 4.5% to $700 over the last 12 months. However, there is no available data on unit rentals, reflecting the limited unit market activity in the area.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | N/A | N/A |
Change in value Past 12 months | 9.2% | 116.2% |
Sold Past 3 months | 7 | N/A |
Median days on market Past 12 months | 33 | N/A |
Average rent Past 12 months | $700 | N/A |
Change in rent Past 12 months | 2.9% | N/A |
5 year median price trend for houses and units
Coral Cove demographics
Coral Cove, located in Queensland's Bundaberg Region, is a serene coastal suburb known for its picturesque landscapes and relaxed lifestyle. With a population of 1,462, it offers a tranquil environment that appeals to retirees and families alike. The median age of 50 indicates a mature community, with many residents enjoying the peaceful surroundings and the proximity to the ocean.
The suburb's housing market is characterized by a high rate of home ownership, with 42.4% of properties owned outright and 37.5% owned with a mortgage. This reflects a stable community with long-term residents who value the security and comfort of home ownership. The rental market is relatively small, with only 20.2% of properties being rented, which suggests a preference for permanent settlement over transient living arrangements.
Family dynamics in Coral Cove are diverse, with 36.3% of households being couple families with children and 54.8% being couple families without children. The presence of one-parent families is minimal at 8.8%, and there are no other family types recorded, highlighting a traditional family structure. The suburb's appeal lies in its combination of natural beauty, community spirit, and a slower pace of life, making it an ideal location for those seeking a peaceful coastal retreat.
Suburbs near Coral Cove
Some popular suburbs near Coral Cove include:
How does Coral Cove compare to nearby suburbs?
- Median house prices: Coral Cove’s median house price is 13.8% higher than Innes Park’s.
- House price growth: Over the past 12 months, house prices in Coral Cove have grown 1.9% higher than in Bargara.
- Unit price growth: Over the past 12 months, unit prices in Coral Cove have grown 116.2% higher than in Bargara.
- Selling speed for houses: Properties in nearby Innes Park are selling 6.1% faster than in Coral Cove.

