Could Warana be the Best Area to Buy on Sunshine Coast? Read on to find out!
Date Prepared: 28th December 2024
Overview
Warana, situated 5 km south of Kawana Waters CBD and 94 km north of Brisbane, is a vibrant coastal suburb celebrated for its pristine beaches, family-friendly environment, and modern lifestyle amenities. With a mix of residential and commercial developments, Warana has become a sought-after location for families, professionals, and investors seeking strong growth and lifestyle benefits on the Sunshine Coast.
Suburb Snapshot
- Median House Price (2024): $1,445,000
- Annual Growth (2024): 11.2%
- Distance to Major Locations:
- Brisbane CBD: Approx. 94 km (Approx. 1 hour 20 minutes’ drive)
- Sunshine Coast CBD: Approx. 15 km (Approx. 20 minutes’ drive)
- Kawana Waters CBD: Approx. 5 km (Approx. 10 minutes’ drive)
- Caloundra CBD: Approx. 10 km (Approx. 15 minutes’ drive)
Demographics
- Population: 4,309 (2021 Census, ABS)
- Median Age: 39 years
- Housing Types: Predominantly detached houses, complemented by modern units and townhouses.
Property Market Overview
- House Prices: Median of $1,445,000 in 2024, reflecting significant growth.
- House Rent: Median weekly rent of $750.
- Rental Yield (Houses): 2.7%.
- Unit Prices: Median of $850,000 in 2024.
- Unit Rent: Median weekly rent of $595.
- Rental Yield (Units): 3.6%.
- Vacancy Rate (Nov 2024): 1.8%.
Long-Term Growth:
Warana’s median house price increased from $424,750 in 2006 to $1,445,000 in 2024, representing an annual growth rate of 7.2% over 18 years. The suburb experienced notable growth spurts in 2021 (+45.9%) and 2019 (+17.0%), driven by infrastructure upgrades and increasing demand for coastal properties.
Notable Recent Sales:
- 6 Parari Street: Sold for $2,430,000 (Nov 2024)
- 52 Oceanic Drive: Sold for $1,800,000 (Oct 2024)
- 7 Mirrool Street: Sold for $1,760,000 (Sep 2024)
Education Options
- Primary Schools: Buddina State School.
- Secondary Schools: Kawana Waters State College.
- Private Schools: Pacific Lutheran College.
- Child Care Centres: 3 local centres offering early education and care.
Lifestyle and Amenities
- Shopping Centres: Kawana Shoppingworld and Warana Village offer extensive retail, dining, and entertainment options.
- Parks and Recreation: Warana Beach and nearby coastal pathways provide exceptional spaces for outdoor activities and relaxation.
- Unique Highlights: Proximity to Sunshine Coast Stadium for sports and events.
Health and Wellbeing
- Hospitals: Sunshine Coast University Hospital and Birtinya Private Hospital, both offering comprehensive medical services.
- Pharmacies: Several within a 3 km radius for convenient access.
- Community Wellness Programs: Regular fitness groups and beach clean-up initiatives foster community health.
Community and Employment
- Employment Sectors: Healthcare, retail, and tourism dominate the local economy.
- Community Activities: Local markets, beach yoga sessions, and sports clubs enhance the strong sense of community.
Recent and Planned Developments
- Kawana Industrial Estate Expansion: Scheduled for completion in 2026, this project will bring new businesses and job opportunities to the area.
- Warana Coastal Pathway Extension: Set for completion by 2027, this project aims to enhance connectivity and promote outdoor recreation.
For more development projects in Sunshine Coast, [Click here].
For more development projects in South East Queensland, [Click here].
Key Statistics Table
| Metric | Value |
|---|---|
| Population (2021) | 4,309 |
| Median House Price (2024) | $1,445,000 |
| Median Unit Price (2024) | $850,000 |
| Median House Rent | $750 per week |
| Median Unit Rent | $595 per week |
| Rental Yield (Houses) | 2.7% |
| Rental Yield (Units) | 3.6% |
Sunshine Coast Buyer’s Agent Introduction
Looking for the best buyer’s agents for the Sunshine Coast? IPS Buyer’s Agent has you covered! We are a full-service buyer’s agent on the Sunshine Coast. Whether you’re a first-time buyer, upsizing, downsizing, or looking for luxury property, our expert Suburb Profiles and dedicated services will guide you every step of the way. Contact us for comprehensive advice tailored to your needs.
Conclusion: Why Choose Warana?
Warana offers the perfect balance of coastal charm and modern convenience, making it a prime choice for families, professionals, and investors. With its strong long-term growth, vibrant community, and excellent amenities, the suburb provides both lifestyle and investment appeal. Upcoming developments further enhance its potential, positioning Warana as a standout destination on the Sunshine Coast.
Ready to make Warana your next destination? Contact us today to begin your journey!