Suburb Profile Report for Pacific Paradise QLD (4564)

Pacific Paradise House: Median price $497,500, Annual capital growth 3.17%, Number of sales 34, Weekly median advertised rent $465

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Pacific Paradise have tracked just higher than the QLD average of 1.17% over the last 12 months.

While Pacific Paradise,4564 ranked number 320th in QLD for increase in median house value (annualised) increase, it is ranked 133th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Pacific Paradise is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 712th in terms of most discounted suburbs in QLD

Renters in Suburb are facing rents around $24180 per annum or $465 every week.

Information supplied by:


February 2018

M
O

W
E

House growth cools

Postcode: 4564

Median house price: $435,000

Three-year growth: 14.5%

Rental yield: 5.4%

As a part of the Maroochydore urban centre, Pacific Paradise is clearly benefiting from its neighbour’s abundance of amenities.

House prices in this suburb have been experiencing growth over the past five years, although this growth has slowed to just 1.8% in the 12 months leading up to November 2017. The median value is at $435,000, a reasonable price considering its location as part of the Sunshine Coast. Yields are also strong at an average of 5.4%.

Pacific Paradise sits on the banks of the Maroochy River, and is only 6km from the Maroochydore CBD. Thus, residents have access to a surf beach and a long stretch of parkland. The Sunshine Plaza shopping centre is close by, as is a major bus interchange of the Sunshine Coast.

Metrics i HOUSE UNIT
$497,500 N/A
1.07% N/A
2.58% N/A
3.17% N/A
$465 N/A
34 N/A
4.86% N/A
27.4193548387097 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 2168
Median household income ($/weekly) 949
Median age of persons 33
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 305 14.1
    25-34 years 332 15.3
    35-44 years 328 15.1
    45-54 years 283 13.1
    55-64 years 242 11.2
    Others 678 31.3
    Age Group
    Census Count Percent(%)
    Not Married 724 46.8
    Registered Married 610 39.4
    Defacto Relationship 214 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1726 82.5
    Papua New Guinea 115 5.5
    South Africa 18 0.9
    United Kingdom 112 5.4
    Other 36 1.7
    Others 86 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 1.2
    Christianity 1282 65.1
    Hinduism 8 0.4
    Judaism 6 0.3
    No Religion 646 32.8
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 99 13.2
    $600-$799 100 13.3
    $800-$999 99 13.2
    $1,000-$1,249 91 12.1
    $1,500-$1,999 86 11.5
    Others 275 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 559 34.7
    Not in the labour force 524 32.6
    Employed, worked part-time 375 23.3
    Unemployed, looking for work 92 5.7
    Employed, away from work 59 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 122 12.2
    Technicians & trades workers 234 23.5
    Community & personal service workers 125 12.6
    Sales 120 12.0
    Labourers 120 12.0
    Others 275 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 26 5.2
    Infants/Primary 211 42.5
    Secondary 122 24.6
    Technical or Further Educational Institution 55 11.1
    University or other Tertiary Institutions 58 11.7
    Others 24 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1571 76.0
    Semi-detached, row or terrace house, townhouse 268 13.0
    Flat, unit or apartment 223 10.8
    House or flat attached to a shop, office 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 345 42.2
    Rented 300 36.7
    Fully owned 172 21.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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