Suburb Profile Report: Mooloolaba
Welcome to Mooloolaba, Sunshine Coast
Nestled along the beautiful coastline of the Sunshine Coast in Queensland, Australia, Mooloolaba is a vibrant and picturesque suburb with a population of 8,202 residents as of the 2021 census. This coastal gem is celebrated for its stunning beaches, lively esplanade, and relaxed, inviting lifestyle, making it a favoured destination for both tourists and locals alike.
Discover the Allure of Mooloolaba
Mooloolaba Beach is a true highlight, recently earning 4th place in TripAdvisor’s Travellers’ Choice Best of the Beaches 2023. Recognised as one of the safest and most beautiful beaches on the Sunshine Coast, it offers pristine sands and crystal-clear waters perfect for swimming, surfing, and sunbathing. The beach's safety and beauty make it a haven for families, retirees, and young professionals seeking an idyllic coastal lifestyle.
Conveniently located just 15 minutes from the Sunshine Coast Airport, Mooloolaba is easily accessible. It’s a one-hour drive from Brisbane and a quick 45-minute trip from Noosa, positioning it as the heart of the Sunshine Coast. This prime location makes Mooloolaba an ideal place to visit for a day trip or to stay longer and soak in the wonderful Southeast Queensland weather.
Key Takeaways
Population: 8,202 residents (2021 census).
Beaches: Mooloolaba Beach, ranked 4th in TripAdvisor’s Travellers’ Choice Best of the Beaches 2023, is one of the safest and most beautiful on the Sunshine Coast.
Lifestyle: Offers a vibrant esplanade and relaxed lifestyle, popular with tourists and locals.
Accessibility: Fifteen minutes from the Sunshine Coast Airport, one hour from Brisbane, and forty-five minutes from Noosa.
Weather: Ideal year-round weather.
Community: Predominantly families, retirees, and young professionals.
Mooloolaba Real Estate Market Overview
The Mooloolaba real estate market remains buoyant, driven by the suburb’s coastal charm, lifestyle amenities, and excellent accessibility. Whether you are looking for a family home, a retirement retreat, or an investment property, Mooloolaba offers a variety of real estate opportunities to suit different needs and preferences.
Property Values and Trends
Over the past year, the median house price in Mooloolaba was approximately $1,525,000, while the median unit price stood at around $762,500. These figures reflect the strong demand and steady property value growth in this desirable coastal suburb. For the most up-to-date pricing guides, you can refer to RealEstate.com.au.
Housing Options
Mooloolaba’s housing market features a mix of detached houses, apartments, and townhouses, catering to varied housing preferences. With ongoing development, there are numerous opportunities for both homeowners and investors to find their perfect property in this appealing suburb.
Household Income and Ownership
In Mooloolaba, households typically consist of 2.1 people on average, with a median weekly income of $1,506. The median monthly mortgage repayments are approximately $1,762. This data highlights the financial profile of its residents.
Investing in Mooloolaba Property
Investing in Mooloolaba property is a promising venture due to its desirable location, strong demand, and positive market trends. With a mix of property types and ongoing development, Mooloolaba presents opportunities for both homeowners and investors alike. Careful planning and market research can help you make an informed investment decision in this appealing coastal suburb.
Rental Yields and Returns
Mooloolaba's rental market is robust, with competitive rental yields driven by both long-term residents and short-term holiday rentals. Houses in Mooloolaba rent for approximately $850 per week, yielding an annual rental yield of 3.1%. Units rent for around $600 per week, yielding a rental yield of 4.7%. The suburb has seen strong annual compound growth rates of 10.5% for houses and 7.4% for units, indicating a healthy return on investment.
Conclusion
Mooloolaba is a prime location on the Sunshine Coast, offering a unique and attractive environment for living, investing, and vacationing. With its beautiful beaches, vibrant community, and excellent real estate opportunities, Mooloolaba continues to be a sought-after destination for families, retirees, and young professionals.
If you’re considering buying property in Mooloolaba or relocating to the Sunshine Coast, contact Keeta Gibson at Ocean Buyers Agency for expert advice and personalised service.
FAQ
What is the population of Mooloolaba?
Mooloolaba has 8,202 residents as of the 2021 census.
What is the real estate market like in Mooloolaba?
The Mooloolaba housing market remains buoyant with strong demand driven by its coastal charm, lifestyle amenities, and accessibility. The median house price is around $1,525,000, and the median unit price is approximately $762,500.
What types of residential properties are available in Mooloolaba?
Mooloolaba offers a diverse range of residential options, including apartments, townhouses, and houses, catering to various lifestyles and preferences.
How is the rental market in Mooloolaba?
Houses in Mooloolaba rent for approximately $850 per week, yielding an annual rental yield of 3.1%. Units rent for around $600 per week, yielding a rental yield of 4.7%.
Is Mooloolaba a good place for property investment?
Mooloolaba has seen robust annual compound growth rates of 10.5% for houses and 7.4% for units, indicating strong investment potential. The area's desirable coastal location and lifestyle appeal contribute to steady property value growth.