Could Pelican Waters be the Best area to buy on Sunshine Coast? Read on to find out!
Date Prepared: 27th December 2024
Overview
Pelican Waters, situated approximately 5 km southwest of Caloundra CBD and 94 km north of Brisbane, is a picturesque suburb known for its luxurious waterfront properties, stunning canals, and relaxed lifestyle. Offering an exceptional blend of modern amenities and natural beauty, Pelican Waters is a prime destination for families, retirees, and discerning investors.
Suburb Snapshot
- Median House Price (2024): $1,330,000
- Annual Growth Rate (2024): +0.6%
- Distance to Brisbane CBD: 94 km (Approx. 1 hour 20 minutes’ drive)
- Distance to Sunshine Coast CBD: 21 km (Approx. 25 minutes’ drive)
- Distance to Kawana CBD: 11 km (Approx. 15 minutes’ drive)
- Distance to Caloundra CBD: 5 km (Approx. 10 minutes’ drive)
Pelican Waters’ unique canal-side living and proximity to key amenities make it an attractive suburb for both lifestyle and investment.
Demographics
- Population: 6,400 (approx.)
- Median Age: 49 years
- Housing Types: Predominantly detached houses with some boutique apartments and townhouses (ABS 2021).
Pelican Waters’ demographic mix includes affluent families, retirees, and professionals drawn to its tranquil and upscale environment.
Property Market Overview
House Market
- Median Sale Price (2024): $1,330,000
- Median Weekly Rent (2024): $900
- Rental Yield: 3.5%
Unit Market
- Median Sale Price (2024): $867,500
- Median Weekly Rent (2024): $640
- Rental Yield: 3.8%
Long-term Growth
Pelican Waters has experienced steady growth over the years, with the median house price increasing from $531,500 in 2006 to $1,330,000 in 2024. This represents an annual growth rate of 5.34% over 18 years, highlighting its enduring appeal and investment potential.
- Significant Growth Spurts:
- 2021: +38.8% (High demand for coastal properties post-pandemic)
- 2024: +0.6% (Market stabilisation following peak growth)
Vacancy Rates
- Vacancy Rate (Nov 2024): 1.8%
Notable Recent Sales
- 36 Ramsay Crescent – $1,770,000 (Dec 2024)
- 7 Condamine Court – $1,775,000 (Dec 2024)
- 18 Deep Water Circuit – $2,550,000 (Dec 2024)
Education Options
- Primary Schools: Golden Beach State School, Talara Primary College
- Secondary School: Caloundra State High School
- Private Schools: Our Lady of the Rosary School, Caloundra Christian College
- Child Care Centres: 6 (sourced from Toddle, CareforKids, and LocalSearch)
Lifestyle and Amenities
Shopping and Dining
Pelican Waters features a local shopping centre with essential retail and dining options. Additional amenities are available at nearby Caloundra CBD and Kawana Shoppingworld.
Parks and Recreation
- Pelican Waters Golf Club: An award-winning golf course offering a world-class experience.
- Lamerough Canal Walkways: Perfect for scenic strolls and water-based activities.
Health and Wellbeing
- Local Healthcare Services: Pelican Waters Medical Centre, Caloundra Health Service
- Closest Hospitals: Sunshine Coast University Hospital (Birtinya), Caloundra Health Service
- Pharmacies: Multiple options located within the suburb and nearby.
- Community Health Initiatives: Regular fitness programs and wellness workshops hosted by local organizations.
Community and Employment
- Key Employment Sectors: Healthcare, education, retail, and tourism.
- Community Activities: Boating clubs, golf tournaments, and local markets contribute to Pelican Waters’ vibrant community life.
Recent and Planned Developments
Recent Developments
- Pelican Waters Marina Precinct (2023): A newly completed waterfront development featuring dining, retail, and recreational facilities.
- Lamerough Canal Beautification Project (2023): Enhanced landscaping, pathways, and community spaces along the canal.
Planned Developments
- Pelican Waters Town Centre Expansion (Planned 2026): Additional retail and dining options to cater to the growing population.
- Coastal Pathway Connection (Planned 2028): Improved connectivity for pedestrians and cyclists linking Pelican Waters to surrounding suburbs.
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 | 6,400 (approx.) |
| Median House Price (2024) | $1,330,000 |
| Median Unit Price (2024) | $867,500 |
| Median Weekly Rent (House) | $900 |
| Median Weekly Rent (Unit) | $640 |
| Rental Yield (House) | 3.5% |
| Rental Yield (Unit) | 3.8% |
| Vacancy Rate (Nov 2024) | 1.8% |
| Child Care Centres | 6 |
Sunshine Coast Buyer’s Agent Introduction
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Conclusion: Why Choose Pelican Waters?
Pelican Waters offers a premium waterfront lifestyle, strong community focus, and exceptional amenities. Its luxurious properties, scenic canals, and ongoing developments make it a highly sought-after location for families, retirees, and investors.
Ready to make Pelican Waters your next destination? Contact us today to begin your journey!