Question 1

Is Marcoola a nice place to live?

Accepted Answer

Marcoola is a relaxed beachside suburb centred on a long sandy foreshore backed by dunes and coastal reserves. It has a low-key village vibe with a modest local centre and a mix of older cottages, renovators' homes, low-rise holiday units and caravan parks. The Sunshine Coast Airport sits on the suburb's edge and David Low Way provides the main road link, so the area attracts surfers, walkers and holidaymakers as well as families and retirees after an easygoing seaside lifestyle with larger centres close by.

Home to 3,355 people, Marcoola has a median age of 45 and a median household income of $1,401 a week. Families are dominated by couple households without children (48.7%), with couple families with children at 30.9% — together they make up 79.6% of families. Most dwellings are owner-occupied (58.9%) while 41.1% are rented. Several local and regional projects are planned or under way, including an airport expansion, motorway ramps to service the area, council placemaking and foreshore upgrades, an Esplanade path renewal, a new lifeguard tower and a council and state delivered affordable housing project of 22 modular homes for low-income key workers.

Question 2

Is it expensive to live in Marcoola?

Accepted Answer

Rents in Marcoola are sizeable compared with local incomes recorded at the most recent Census. A house rent of about $788 a week would take roughly 56.2% of a typical local household's weekly income at the last Census, and a unit rent of about $650 a week would take roughly 46.3%. Both of those shares sit in the "large share of income" band, so renting here would use a substantial portion of what a typical household earned at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Marcoola a good place to invest?

Accepted Answer

Unit values in Marcoola climbed 13.1% over the past 12 months, a strong rise, while house values increased a more modest 2.9% in the same period. In other words, the capital growth this year was stronger on the unit side than for houses.

House rents in Marcoola jumped 15.9% over the year, a strong increase, and rose much faster than house values. If rental income is your priority, the house rent movement is the figure that will matter most; whether that balance fits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	2.9%	13.1%
Sold Past 3 months	7	8
Median days on market Past 12 months	28	22
Average rent Past 12 months	$788	$650
Change in rent Past 12 months	15.9%	N/A

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