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Pelican Waters, QLD 4551
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,580,000
market range $1.5M-$1.9M
Median Unit
$1,040,000
market range $950K-$1.2M
Gross Yield (houses)
3.3%
1yr Growth (houses)
+12.9%
market range +10.0% to +17.5%
Investment snapshot for Pelican Waters
Pelican Waters has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Pelican Waters market and investor summary
Pelican Waters (QLD 4551) runs a median house price of $1.6M, with houses yielding a gross 3.3%. House prices have moved +12.9% over the past year and +26.0% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking.
Living in Pelican Waters: people, income and schools
Pelican Waters has a resident population of roughly 7,393, and the area has been growing steadily, up about 23% over five years. The median age is 55, an older, established demographic, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $81,000 a year, or roughly $1,550 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 19.6 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 10 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 71 km from the CBD. It is fairly car-dependent; the suburb scores 7 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 7,393
- +23% over 5yr
- Median age
- 55 years
- Median household income
- $81,000/yr
- Households renting
- 13%
- Family households
- 85%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 10
- avg ICSEA 1035
- Unemployment
- 3.3%
- Distance to CBD
- 71 km
- Walk score
- 7/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Pelican Waters
View all →Frequently asked questions about Pelican Waters
What should I check before investing in Pelican Waters?
Pelican Waters has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +12.9% in the past year shows strong recent price momentum. 3-year capital growth of +26.0% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Pelican Waters?
The median property price in Pelican Waters, QLD 4551 is $1.6M for houses and $1.0M for units.
What rental yield does Pelican Waters show?
The gross rental yield in Pelican Waters is 3.3% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Pelican Waters?
House prices in Pelican Waters are up 12.9% over the past year and up 26.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Pelican Waters?
The current vacancy rate in Pelican Waters is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Pelican Waters?
Pelican Waters has a population of approximately 7,393 residents, with a median age of 55.
What schools are near Pelican Waters?
There are 10 schools within roughly 5km of Pelican Waters. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Pelican Waters affordable to buy in?
A median house in Pelican Waters costs about 19.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Pelican Waters's population growing?
The population of Pelican Waters has grown about 23% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Pelican Waters from the CBD?
Pelican Waters is about 71 km from the CBD.
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