Question 1

Is Pelican Waters a nice place to live?

Accepted Answer

Pelican Waters is a coastal canal estate on the Sunshine Coast centred on its marina and a network of waterways that feed into the Pumicestone Passage. The suburb is dominated by modern waterfront homes and family-sized blocks, many with private moorings and water views, so boating and fishing are common weekend pursuits. A local shopping village, golf course, parks and foreshore walking routes give daily life a leisurely, outdoor-focused rhythm in a low-rise, quietly coastal setting.

About 7,393 people live in Pelican Waters; the median age is 55 and the typical household income is $1,552 a week. Housing is predominantly owner-occupied, and the population is weighted towards couple families and retirees. The marina and Marina Village provide marine and commercial services, new public open spaces and bridge works are in place, and further transport upgrades including an east–west link are being planned to improve access. Whether that mix suits you depends on how much a water-orientated, relaxed suburb fits your lifestyle.

Question 2

Is it expensive to live in Pelican Waters?

Accepted Answer

On these figures, buying in Pelican Waters sits well above what a typical local household earned as recorded at the most recent Census: a median house price of $1,650,000 is about 20.4 times a typical local household's annual income at the last Census. Renting also takes a large share of that Census household income — house rent of $980 a week is about 63.1% of the typical local weekly household income, and unit rent of $850 a week is about 54.8%. If you're renting rather than buying, those rent shares are the most relevant numbers for assessing how stretched housing costs would be against local incomes 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 Pelican Waters a good place to invest?

Accepted Answer

House values in Pelican Waters climbed 14.5% over the past 12 months, a strong rise, while unit values increased 8.4%, a solid gain. On the income side, house rents edged up 3.2% over the year, a modest rise, but unit rents fell 2.9%.

The figures show capital growth outpaced rental growth this year, particularly for houses where price gains notably exceeded rent increases. If rental income is your priority, the modest rise in house rents and the decline in unit rents are the numbers to focus on; if capital growth matters more, the value gains for both houses and units are what to consider. Whether that makes Pelican Waters right for you depends on your own goals 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	$1.65M	N/A
Change in value Past 12 months	14.5%	8.4%
Sold Past 3 months	37	6
Median days on market Past 12 months	32	49
Average rent Past 12 months	$980	$850
Change in rent Past 12 months	3.2%	-2.9%

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