Suburb Profile Report for Sunrise Beach QLD (4567)

Sunrise Beach House: Median price $1,292,500, Annual capital growth 8.70%, Number of sales 98, Weekly median advertised rent $680

Sunrise Beach Unit: Median price $691,000, Annual capital growth 5.31%, Number of sales 45, Weekly median advertised rent $520

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Investment property in Sunrise Beach has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 29.25%

Comparing Sunrise Beach,4567 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Sunrise Beach is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 552th in terms of most discounted suburbs in QLD

Situated 117.06km from the CBD, Sunrise Beach is one of Noosa (S) localities in the postcode 4567.

If you compare the increase in value of investment property in Sunrise Beach, 4567 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 32.25%.

Sunrise Beach,4567 was ranked 417 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Sunrise Beach should be aiming for at least -3.33% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Sunrise Beach have been waiting around 50.381 days to sell a property.

Sunrise Beach, 4567’s gross rental yield is 3.91%

Information supplied by:


December 2018

M
O

W
E

Good for the short and long term

Postcode: 4567

Median unit price: $830,000

Three-year growth: 36.1%

Rental yield: 3.4%

Sunrise Beach is an instant hit among residents and holidaymakers, if only for its proximity to the famous Hastings Street in Noosa.

Unlike its trendy neighbour, Sunrise Beach has a much more relaxed vibe. The beach is lined with beautiful golden sand, and the entire suburb is bordered by Noosa National Park. The area west of Sunrise Beach is a haven of wineries, markets offering fresh produce and lovely views of the water.

The suburb’s popularity is clearly reflected in its astonishing value growth. The house market has been recording price increases in the double digits since 2013, with the median value hovering around $800,000. These properties take a while to sell, however, at 90 days on the market. The weekly rent rate comes in at less than $550 on average, and landlords are able to reap good yields.

Metrics i HOUSE UNIT
$1,292,500 $691,000
8.25% 5.50%
29.25% 32.25%
8.70% 5.31%
$680 $520
98 45
2.74% 3.91%
47.7704918032787 50.3809523809524

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3448
Median household income ($/weekly) 1088
Median age of persons 40
Median housing loan repayment ($/monthly) 1928
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 488 14.2
    25-34 years 343 10.0
    35-44 years 582 16.9
    45-54 years 612 17.8
    55-64 years 420 12.2
    Others 1002 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 1131 45.2
    Not Married 1065 42.5
    Defacto Relationship 308 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2473 75.2
    Papua New Guinea 199 6.1
    United Kingdom 296 9.0
    United States of America 29 0.9
    Other 108 3.3
    Others 184 5.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 2.4
    Christianity 1897 60.5
    Judaism 6 0.2
    Other Religious Groups 8 0.3
    No Religion 1146 36.6
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 150 12.9
    $600-$799 145 12.5
    $800-$999 120 10.3
    $1,000-$1,249 115 9.9
    $1,500-$1,999 148 12.7
    Others 486 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 913 34.4
    Not in the labour force 776 29.3
    Employed, worked part-time 715 27.0
    Unemployed, looking for work 144 5.4
    Employed, away from work 103 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 226 13.0
    Professionals 322 18.6
    Technicians & trades workers 258 14.9
    Community & personal service workers 253 14.6
    Sales 247 14.3
    Others 426 24.6
    Occupation
    Census Count Percent(%)
    Pre-school 46 5.6
    Infants/Primary 337 40.8
    Secondary 242 29.3
    Technical or Further Educational Institution 52 6.3
    University or other Tertiary Institutions 123 14.9
    Others 26 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2476 76.0
    Semi-detached, row or terrace house, townhouse 675 20.7
    Flat, unit or apartment 106 3.3
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 486 37.0
    Being purchased 477 36.3
    Fully owned 346 26.4
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
Chart Table