Located in Queensland within the Sunshine Coast local government area, Pelican Waters is a moderately sized suburb (postcode 4551). The area has roughly 7,393 residents and a more retirement-aged population, with a median age of 55. Households earn a median income of $81K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.0% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Pelican Waters sit at $1.4 million, little changed on a year ago. The current median weekly rent is $950. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,200.
Pelican Waters is served by 1 school, including 1 combined. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Sunshine Coast LGA is below average at 3,661 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.6%, which reads as moderate yield. Property prices are near the state median ($1.4M/$1.1M). The price-to-income ratio of 17.1x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +2.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.