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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+62.6%Past 12 months

Coral Cove’s property market has showcased interesting dynamics over the past 12 months. Although the current median house and unit prices are listed as zero, house values have risen by 10.7%, and unit values have dramatically increased by 114.5%, indicating significant shifts in market perceptions or data anomalies. Over the last three months, 6 houses and 1 unit were sold. The market remains active with houses averaging 28 days on market, while unit data is unavailable, possibly due to low sales volume.

Rental trends in Coral Cove have been stable, with house rents increasing slightly by 0.7% over the last 12 months, bringing average rents to $700. Unit rental data appears inconclusive with no rent change recorded, likely due to the limited unit activity in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
10.7%114.5%
Sold
Past 3 months
61
Median days on market
Past 12 months
28N/A
Average rent
Past 12 months
$700N/A
Change in rent
Past 12 months
0.7%N/A

5 year median price trend for houses and units

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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 0.5% higher than in Innes Park.
  • Unit price growth: Over the past 12 months, unit prices in Coral Cove have grown 113.3% higher than in Bargara.
  • Selling speed for houses: Properties in nearby Innes Park are selling 17.9% faster than in Coral Cove.

Choose the right real estate agents in Coral Cove

There are 31 real estate agents in Coral Cove, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 61.4% of all sales in the past year.

Commission rates in Coral Cove typically range from 2% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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