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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 robust growth over the past 12 months, with house values increasing by 7.1% and unit values rising by 9.5%. The median house price over the past three months has averaged $1.01 million, while units have averaged $765,000, indicating strong demand across both property types.

Sales activity has been vibrant, with 85 houses and 111 units sold in the past three months. Units are selling faster than houses, with a median of 27 days on the market compared to 35 days for houses, suggesting a higher demand for units.

The rental market in Maroochydore has also seen notable changes, with average rent for houses increasing by 2.9% and units experiencing a significant rise of 8.3% over the last 12 months, reflecting a strong rental demand, particularly for units.

Median price - houses$998KPast 3 months

Median price - units$780KPast 3 months

Change in value - houses5.8%12 months

Change in value - units12.5%12 months

Houses sold76Past 3 months

Units sold101Past 3 months

Median DOM - houses35Past 12 months

Median DOM - units28Past 12 months

Average rent - houses$710Past 12 months

Average rent - units$650Past 12 months

Change in rent - houses1.4%Past 12 months

Change in rent - units8.3%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 moderate growth, with house rents increasing by 2.9% over the past year to $710 per week, while unit rents have seen a more significant rise of 8.3% to $650 per week. This coastal suburb continues to attract renters and investors alike, offering a desirable lifestyle with its proximity to beaches and amenities.

Suburbs near Maroochydore

Some popular suburbs near Maroochydore include:

Common questions about Maroochydore

  • Is Maroochydore a nice place to live?

    Maroochydore is a delightful place to call home, offering a harmonious blend of coastal charm and urban convenience. Nestled in the heart of the Sunshine Coast, this suburb is perfect for those who appreciate a vibrant lifestyle with easy access to stunning natural landscapes. Families will find Maroochydore particularly appealing, with its welcoming community atmosphere and excellent amenities that cater to all ages. The suburb's proximity to quality schools and healthcare facilities ensures that families have everything they need for a comfortable life.

    Living in Maroochydore means embracing a dynamic lifestyle with plenty of things to do. The suburb is known for its beautiful beaches and riverfront, providing ample opportunities for outdoor activities like swimming, surfing, and picnicking in the parks. The local dining scene is thriving, with a variety of cafes and restaurants offering diverse culinary experiences. Shopping enthusiasts will appreciate the convenience of nearby retail options, while the local entertainment scene offers something for everyone.

    Safety is generally not a major concern in Maroochydore, making it a reassuring choice for families and retirees alike. However, the ongoing development and transformation into a central business district bring some trade-offs. The increased urbanization may lead to more traffic and a busier environment, which might not appeal to those seeking a quieter lifestyle. Nonetheless, the suburb's growth promises enhanced infrastructure and job opportunities, making it an attractive option for those looking to balance coastal living with urban amenities.

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  • Is it expensive to live in Maroochydore?

    Living in Maroochydore can be quite costly, especially when it comes to housing. The current median house price is around $1,014,000, which is on the higher end compared to many other areas. If you're considering renting, the average rent for houses is $710 per week, while units average at $650 per week. These figures indicate that a significant portion of your income might go towards housing expenses.

    When comparing the average wage in Maroochydore, which is $72,000 per year, to the median total household income of $1,360 per week, it becomes clear that the cost of living, particularly for housing, could be challenging for those earning an average salary. This is especially true when you consider the broader Queensland context, where wages might be slightly lower, making Maroochydore a more expensive place to live than some other parts of the state.

    Overall, while Maroochydore offers a beautiful coastal lifestyle with plenty of amenities and a relaxed atmosphere, it's important to carefully consider your financial situation before deciding to move there, as the cost of living, particularly in terms of housing, is relatively high.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Maroochydore a good place to invest?

    Maroochydore is shaping up to be an attractive investment opportunity, especially for those interested in both houses and units. Over the past year, the suburb has experienced a notable increase in property values, with median house values rising by 7.1% and unit values by an impressive 9.5%. This upward trend suggests a strong demand for properties in the area, making it a promising location for potential capital growth.

    In addition to property value increases, rental yields in Maroochydore have also shown positive growth. Rent for units has surged by 8.3% over the last year, indicating a robust rental market that could provide investors with solid rental income. Although the rental increase for houses is more modest at 2.9%, it still reflects a steady demand for housing in the suburb.

    Overall, Maroochydore offers a balanced investment landscape with both capital appreciation and rental income potential. Its growing popularity and the consistent rise in property values and rents make it a compelling choice for investors looking to tap into the Sunshine Coast's vibrant property market.

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