Lot 1 - Janet Court - Coral Cove

Description

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Coral Cove is a peaceful coastal suburb located about 15 km south of Bundaberg in Queensland, nestled along a rugged stretch of coastline beside the Coral Sea and Palmer Creek. Developed primarily around a residential and country-club estate, the area is known for the Coral Cove Golf Club, which offers an 18-hole championship course adjacent to the popular Barolin Rocks dive site. The suburb features a mix of modern homes and villas, many with ocean views.

With a population of around 1,460 people, Coral Cove is predominantly home to older couples and retirees, creating a quiet, laid-back atmosphere. The community is largely owner-occupied and boasts high levels of housing stability. Local amenities are limited but include beachside parks, walking trails, and diving and snorkeling opportunities. Essential services and shopping are accessed in nearby Bargara or Bundaberg.

Housing in Coral Cove remains relatively affordable for a coastal suburb. Median house prices sit between $729,000 and $780,000, while units average around $450,000. The area has seen consistent capital growth in recent years, and rental yields are strong, with houses yielding around 4.3% and units about 5.2%. Properties tend to stay on the market slightly longer than in larger towns, reflecting the area’s niche appeal.

There are no schools in Coral Cove itself; families rely on nearby schools such as Elliott Heads State School and Kepnock State High School in Bundaberg. Public transport is limited, so residents typically depend on private vehicles for commuting. The suburb is well connected by road via the Bundaberg Ring Road.

Coral Cove is ideal for those seeking a quiet coastal lifestyle, particularly retirees or lifestyle-driven buyers. It offers stunning natural beauty, low traffic, a strong sense of community, and proximity to regional amenities—though with fewer urban conveniences within walking distance.
 

• Property Type: House and Land
• Property Stage: N/A
• Price: $ 816,252.00
• Land Price: $ 335,000.00
• Build Price: $ 481,252.00
• Beds: 4
• Bath: 2
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: 1
• Floor Plan: Custom - 195
• Completion: N/A
• Land Size: 610
• Area Size: 195.92
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 775.00
• Est. Body Corp.: N/A
• Title Status: December 2025
• Gross Per Week: $ 775.00
• Gross Per Annum: $ 40,300.00
• Gross Yield: 4.94%
• Capital Growth 12 Months: 9.78%
• Capital Growth 10 Year Annualised: 5.49%
• Vacancy Rate: 0.89%