Could Caloundra be the Best area to buy on Sunshine Coast? Read on to find out!
Date Prepared: 27th December 2024
Overview
Caloundra, positioned at the southern end of the Sunshine Coast, is a vibrant coastal suburb located 96 km north of Brisbane. Known for its pristine beaches, family-friendly atmosphere, and thriving community, Caloundra is a desirable destination for families, retirees, and investors. Its proximity to stunning coastal landscapes and robust local amenities makes it a standout suburb on the Sunshine Coast.
Suburb Snapshot
- Median House Price (2024): $1,065,000
- Annual Growth Rate (2024): +8.6%
- Distance to Brisbane CBD: 96 km (Approx. 1 hour 20 minutes’ drive)
- Distance to Sunshine Coast CBD: 21 km (Approx. 25 minutes’ drive)
- Distance to Kawana CBD: 9 km (Approx. 12 minutes’ drive)
- Distance to Caloundra CBD: Located centrally
Caloundra’s exceptional lifestyle and accessibility position it as one of the Sunshine Coast’s top investment areas.
Demographics
- Population: 51,000 (approx.)
- Median Age: 45 years
- Housing Types: Predominantly detached houses with a mix of apartments and townhouses (ABS 2021).
Caloundra’s diverse population features families, retirees, and professionals, creating a vibrant and inclusive community.
Property Market Overview
House Market
- Median Sale Price (2024): $1,065,000
- Median Weekly Rent (2024): $635
- Rental Yield: 3.1%
Unit Market
- Median Sale Price (2024): $730,000
- Median Weekly Rent (2024): $600
- Rental Yield: 4.3%
Long-term Growth
Caloundra has demonstrated consistent long-term growth, with the median house price increasing from $417,000 in 2006 to $1,065,000 in 2024. This represents an annual growth rate of 5.65% over 18 years, showcasing its robust investment potential.
- Significant Growth Spurts:
- 2021: +46.0% (Post-pandemic boom and heightened buyer demand)
- 2024: +8.6% (Continued demand for coastal properties and limited supply)
Vacancy Rates
- Vacancy Rate (Nov 2024): 1.8%
Notable Recent Sales
- 29 Hodgens Street – $1,350,000 (Dec 2024)
- 13 Maud Street – $1,300,000 (Jul 2024)
- 4 Centaur Street – $1,680,000 (Jul 2024)
Education Options
- Primary Schools: Caloundra State School, Talara Primary College
- Secondary School: Caloundra State High School
- Private Schools: Our Lady of the Rosary School, Pacific Lutheran College
- Child Care Centres: 7 (sourced from Toddle, CareforKids, and LocalSearch)
Lifestyle and Amenities
Shopping and Dining
Caloundra boasts a vibrant shopping and dining scene with Stockland Caloundra Shopping Centre and a variety of boutique cafes and restaurants along Bulcock Street.
Parks and Recreation
- Bulcock Beach: A family-friendly beach perfect for swimming and paddleboarding.
- Happy Valley Park: A popular spot for picnics and scenic coastal walks.
Health and Wellbeing
- Local Healthcare Services: Caloundra Health Service, Caloundra Family Doctors
- Closest Hospitals: Sunshine Coast University Hospital (Birtinya), Caloundra Health Service
- Pharmacies: Numerous options available within the suburb.
- Community Health Initiatives: Regular wellness programs and fitness activities hosted by local organizations.
Community and Employment
- Key Employment Sectors: Healthcare, tourism, retail, and education.
- Community Activities: Surf clubs, local markets, and cultural events contribute to Caloundra’s dynamic lifestyle.
Recent and Planned Developments
Recent Developments
- Caloundra Streetscape Project (2023): Enhanced public spaces, upgraded lighting, and improved pedestrian access.
- Bulcock Beach Esplanade Upgrade (2023): Improved recreational facilities, seating areas, and landscaping.
Planned Developments
- Caloundra Masterplan (Planned 2026): A comprehensive plan to enhance infrastructure, community spaces, and transport networks.
- Coastal Pathway Extension (Planned 2028): A significant infrastructure project aimed at improving connectivity for pedestrians and cyclists.
For more development projects on the Sunshine Coast, [Click here].
For more development projects in South East Queensland, [Click here].
Key Statistics Table
| Metric | Value |
|---|---|
| Population | 51,000 (approx.) |
| Median House Price (2024) | $1,065,000 |
| Median Unit Price (2024) | $730,000 |
| Median Weekly Rent (House) | $635 |
| Median Weekly Rent (Unit) | $600 |
| Rental Yield (House) | 3.1% |
| Rental Yield (Unit) | 4.3% |
| Vacancy Rate (Nov 2024) | 1.8% |
| Child Care Centres | 7 |
Sunshine Coast Buyer’s Agent Introduction
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Conclusion: Why Choose Caloundra?
Caloundra offers a vibrant coastal lifestyle, exceptional amenities, and strong investment potential. With its family-friendly atmosphere, thriving community, and ongoing infrastructure developments, Caloundra stands out as a premier Sunshine Coast destination.
Ready to make Caloundra your next destination? Contact us today to begin your journey!