Maroochydore suburb profile
Maroochydore is a vibrant coastal suburb located in the heart of the Sunshine Coast, Queensland. Known for its stunning beaches, bustling shopping precincts, and lively entertainment scene, it serves as a central hub for both locals and tourists. The suburb offers a mix of high-rise apartments and charming residential areas, catering to a diverse community. Maroochydore is home to the Sunshine Plaza, one of the largest shopping centres in the region, and boasts a thriving dining and nightlife culture. With its beautiful riverfront, parks, and proximity to the airport, Maroochydore is a sought-after destination for those seeking a dynamic coastal lifestyle.
Maroochydore property market performance
Maroochydore's property market has shown positive growth over the past 12 months, with house values increasing by 7.7% and unit values rising by 11.8%. The median house price over the past three months has averaged $1.05 million, while units have averaged $748,000, indicating strong demand for both property types.
Sales activity has been robust, with 65 houses and 95 units sold in the past three months. Units are selling faster than houses, with a median time on market of 28 days compared to 38 days for houses, suggesting a higher demand for units in the area.
The rental market in Maroochydore has seen moderate changes over the last 12 months. Average rent for houses has increased by 0.7%, while units have experienced a more significant rise of 4.8%, reflecting a stronger demand for rental units.
Median price - houses$1.05MPast 3 months
Median price - units$748KPast 3 months
Change in value - houses7.7%12 months
Change in value - units11.8%12 months
Houses sold65Past 3 months
Units sold95Past 3 months
Median DOM - houses37.5Past 12 months
Median DOM - units28Past 12 months
Average rent - houses$705Past 12 months
Average rent - units$650Past 12 months
Change in rent - houses0.7%Past 12 months
Change in rent - units4.8%Past 12 months
Maroochydore demographics
Maroochydore, located on Queensland's Sunshine Coast, is a vibrant coastal suburb known for its stunning beaches, relaxed lifestyle, and growing urban center. With a population of 20,629, it offers a blend of natural beauty and modern amenities, making it a popular destination for both residents and tourists. The median age of 47 suggests a mature community, with many retirees and families enjoying the area's laid-back atmosphere and scenic surroundings.
The suburb's housing market is diverse, with 33.1% of properties owned outright, reflecting a stable and established community. Additionally, 22.7% of homes are owned with a mortgage, while 44.2% are rented, indicating a mix of long-term residents and newcomers seeking the flexibility of rental accommodation. Maroochydore's appeal is further enhanced by its family-friendly environment, with 24.7% of households being couple families with children and 56.6% being couple families without children.
Maroochydore's economy is supported by a variety of industries, including retail, tourism, and professional services, providing ample employment opportunities for locals. The area's median total household income of $1,360 per week reflects a comfortable standard of living, with residents enjoying access to quality schools, healthcare, and recreational facilities. As a key urban center on the Sunshine Coast, Maroochydore continues to attract those seeking a balanced lifestyle, combining the best of coastal living with the conveniences of city life.
Maroochydore infrastructure, key developments and investment opportunities
Maroochydore is undergoing significant development as part of its transformation into the Sunshine Coast's new central business district. The $2.5 billion Maroochydore City Centre project is progressing, with new commercial, retail and residential buildings under construction. This includes plans for a new town square, waterways, parks and an entertainment precinct to create a vibrant city heart.
Major transport upgrades are also underway, including the Sunshine Coast Airport expansion and proposed light rail system connecting Maroochydore to Caloundra. The new Maroochydore City Centre will feature smart city technology like high-speed internet and automated waste collection. These developments aim to boost the local economy, create jobs and establish Maroochydore as the region's commercial and employment hub.
Maroochydore rental market trends
The rental market in Maroochydore has experienced modest growth, with house rents increasing by 0.7% over the past year to $705 per week, while unit rents have seen a more significant rise of 4.8% to $650 per week. This steady demand highlights Maroochydore's appeal as a coastal lifestyle destination with potential for future growth.
Suburbs near Maroochydore
Some popular suburbs near Maroochydore include: