Question 1

Is Mooloolaba a nice place to live?

Accepted Answer

Mooloolaba sits on a broad sandy beach with a bustling esplanade lined with cafés and seafood restaurants, and a harbour and marina at the mouth of the Mooloolah River that give the area a strong boating and fishing character. A beachfront promenade and nearby headland parks attract walkers and families, while housing is mainly beachside apartments and holiday units close to the water and older low-set homes with tree-lined streets a little further inland. The suburb has straightforward road links to the region’s commercial centres.

About 8,200 people live in Mooloolaba and the median age is 44. Homes are more often owner-occupied (57.5% combined) though 42.5% are rented, and the community includes permanent locals, retirees and people working in tourism and hospitality. A multi-stage foreshore revitalisation will add roughly 40 per cent more beachfront parkland and new community facilities, and a transport corridor upgrade and TAFE modernisation are also under way. Whether that mix suits you comes down to what you’re after in a coastal suburb.

Question 2

Is it expensive to live in Mooloolaba?

Accepted Answer

Buying in Mooloolaba sits well above what a typical local household earned at the last Census. A median house price of $1,995,000 works out to about 25.5 times a typical local annual household income at the last Census, while the median unit price of $875,000 is about 11.2 times that annual income.

Renting also takes a large share of local incomes: $825 a week for a house is about 54.8% of a typical local household's weekly income at the last Census, and $700 a week for a unit is about 46.5%. If you are renting rather than buying, those rent shares are the most immediately relevant figures when weighing costs.

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 Mooloolaba a good place to invest?

Accepted Answer

Both house and unit values in Mooloolaba rose 13.7% over the past 12 months, a strong increase in what properties are worth. Rents moved more quietly by comparison: house rents climbed 5.8% and unit rents rose 7.7%, both solid increases, with unit rents rising faster than house rents. Put simply, capital growth has been the stronger performer over the year while rental income increased at a slower pace.

Which of those outcomes matters most depends on your goals. If rental income is your priority, look to the rent figures; if capital growth is what you want, the value figures are the relevant measure. Whether that balance makes Mooloolaba the right investment for you depends on your own objectives and circumstances.

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	$2.00M	$875K
Change in value Past 12 months	13.7%	13.7%
Sold Past 3 months	15	37
Median days on market Past 12 months	40	28
Average rent Past 12 months	$825	$700
Change in rent Past 12 months	5.8%	7.7%

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