Suburb Profile: Maroochydore, Queensland
Maroochydore, with about 20,600 people, is a lively community on the Sunshine Coast. It's in Queensland, Australia. Buyers, investors, and residents love it for its great location, top-notch amenities, and various housing styles.
Renowned for its prime location, exceptional amenities and diverse housing options, Maroochydore is a top destination for buyers, investors and residents. Ocean Buyers Agency a buyers agent Sunshine Coast is the professional offering tailored services for people to find their dream home or perfect investment property.
Maroochydore is ranked the 25th best suburb on the Sunshine Coast, according to locals. Many love it for its beaches, parks, clean spaces and relaxed lifestyle.
Maroochydore welcomes a mix of people such as professionals, families, singles, and retirees.
Key Takeaways
Maroochydore's population is mainly in the 25-35 age group, with about 20,600 people.
Loved for its amenities, clean spaces, and property options.
People from many walks of life, including families and retirees, feel at home here.
Home choices range from beachfront flats to family houses.
Its warm climate, nature views, and active community.
Maroochydore Real Estate Market Overview
In recent years, the Maroochydore real estate market has shown interesting trends. The median house price is $1,000,000, and there have been 220 house sales in the last year. On average, houses sell within 44 days of being listed.
Refer to RealEstate.com.au for the latest pricing guides.
Housing Market Trends
Prices in Maroochydore and other parts of Queensland are at all-time highs. For example, homes in areas like Brisbane's south and inner city now cost more. The average house price on the Sunshine Coast sits over $965,000. In places like Noosa, it's even higher, at over $1.3 million.
Unit Market Trends
The Maroochydore real estate scene isn't just about houses. There's also a lively unit market. The median unit price is the same as the house price, at $1,000,000.
Real Estate: Key Demographics
The Sunshine Coast area, which includes Maroochydore, is seeing lots of growth in people. From 2011 to 2016, Maroochydore's population grew from 14,445 to 16,764, up by 16.1%.5, Young adults aged 20-29 make up the biggest group here. This shows it's a lively and young area. They are showing more interest in buying homes in the Sunshine Coast area.
Household Income and Ownership
Recently, the Sunshine Coast, including Maroochydore, has seen changes in how much people earn and own. The location is becoming a top choice for those leaving big cities, as a study by Commonwealth Bank found. More and more people, especially from big cities, are looking for homes on the Sunshine Coast. This is affecting the number of homes being bought and people's financial situations.
The Sunshine Coast's population growth, how old people are, and what kind of homes they have is really helpful to understand its real estate market. Noosa real estate, Mooloolaba real estate, Caloundra real estate, and Maroochydore real estate are all affected by these trends. This makes the area very appealing for people looking to buy property here.
Maroochydore's Residential Offerings
Maroochydore is a top spot in the Sunshine Coast real estate scene. It has a mix of homes perfect for different buyer needs. These include everything from small apartments to big luxury homes. So, it meets the wants of people looking to invest or find a new home.
Investing in Maroochydore Property
If you're eyeing the Sunshine Coast real estate, Maroochydore is a gem. It boasts high rental yields. Right now, houses there earn 3.82% in yield, pulling in around $720 each week. Units aren't far behind, making 4.15% with a $625 weekly rent.
Rental Yields and Returns
The market on the Sunshine Coast has had some swings lately. From May 2022 to February 2023, values dropped by -13.1%. But by October 2023, they were already up by +1.9%, reaching $960,081.8
In 2023, house prices grew from $993,070 to $1,085,742. Units saw a rise too, from $719,817 to $775,197.8
Conclusion
The Sunshine Coast, especially Maroochydore, is a great suburb. Using Ocean Buyers Agency Sunshine Coast as a property buyers agent, you will receive local knowledge and be offered expert advice, exclusive market insights, and personalised service. Maroochydore is a key spot on the Sunshine Coast.
Right now, the median house price in Maroochydore is $1,000,000. Over five years, prices went up by 27.3%. Homes usually sell in 44 days. Maroochydore is still a solid choice for investment, your dream home or interstate relocation contact Keeta Gibson at Ocean Buyers Agency for your next property investment.
FAQs
What is the population of Maroochydore?
As of 2016, the population of Maroochydore reached 16,764 people. This was up by 16.1% since 2011.
What are the key housing trends in Maroochydore?
Currently, the average house price in Maroochydore is $1,000,000. It has not changed over the last year. In the past year, 220 houses sold in an average of 44 days.
What are the rental yields and opportunities for investors in Maroochydore?
The rental yield for houses is 3.82%, earning an average of $720 a week. For units, it's 4.15%, with a median rent of $625 a week. This shows good chances for investment.
What are the rental yields and opportunities for investors in Maroochydore?
Houses in Maroochydore have a rental yield of 3.82%. They rent out for about $720 a week. Units have a rental yield of 4.15%, with an average rent of $625 a week. This makes it a good spot for investors.
Sources
https://www.ibuynew.com.au/industry-outlooks/reports/suburb-property-profile-maroochydore-qld-4558
https://www.homely.com.au/maroochydore-maroochy-sunshine-coast-queensland
https://www.abc.net.au/news/2023-11-09/queensland-property-prices-real-estate-boom/103074314
https://www.realestate.com.au/news/the-top-regional-destinations-for-city-slickers-revealed/
https://www.openagent.com.au/blog/5-best-areas-to-invest-sunshine-coast