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Why are people buying property in Peregian Beach?

Nestled just south of Noosa on the Sunshine Coast, Peregian Beach is a coastal village renowned for its tight-knit community and vibrant village centre. The heart of Peregian Beach features a bustling village square, with cafes, boutiques, and bustling community markets, creating a hub that brings locals together. The community spirit is at the heart of Peregian Beach’s charm, making it an ideal place for families and residents seeking a welcoming coastal community.

Buying property in Peregian Beach? A Property Market Overview:

The size of Peregian Beach is approximately 17.2 square kilometres. It has 10 parks covering nearly 81.9% of the total area, with a population of only 3,800 people (ABS 2016), which increases during the tourist season.
The median property prices for Peregian Beach over the last 12 months (Oct 2022 – Oct 2023) range from $1.5m for houses to $950,000 for units. If you are looking for an investment property, houses in Peregian Beach rent for a median weekly price of $830 with an annual rental yield of 3.1% and units rent for a median weekly price of $620 PW with a rental yield of 3.6%

Population (ABS 2016)3.8k5-year population change
(ABS 2016)
Total Dwellings (houses)1,746Total Dwellings (units)765
Av Length of Ownership11.5yrs30-Year Historical Performance8.0%
Median House Price$1,512,500Median Unit Price$950,000
% of Owner-Occupiers66.5%% of Renters33.5%
Houses Rental yield3.1%Unit Rental Yield3.5%

Source: Corelogic & Pricefinder October 2023

Top Reasons Why People are Moving to Peregian Beach:

  1. Vibrant Village Atmosphere: The heart of Peregian Beach is its vibrant village square, where you’ll find a range of boutiques, shops, cafes, restaurants, and a regular community market. It’s a popular spot for locals and visitors to enjoy a coffee or a meal while taking in the relaxed atmosphere and spending an afternoon wandering around the many local boutiques.
  2. Family-Friendly: Families are drawn to Peregian Beach for its friendly, safe environment and community atmosphere as well as proximity to local schools. There are several local schools to choose from including St Andrews Anglican College, Peregian Beach College, and Peregian Springs State School.
  3. Community Spirit: Peregian Beach has a strong sense of community, with various events and activities throughout the year. The Peregian Originals, a free community music event held every month in the park, is a highlight. There are also regular yoga classes, cultural events and fortnightly local makers markets (1st & 3rd Sunday of every month), contributing to the suburb’s close-knit feel.
  4. Natural Beauty & Outdoor Activities: Peregian’s allure lies in its pristine surroundings. The adjacent Peregian Environmental Park, nestled by the beach, boasts scenic walking trails amidst lush foliage, housing diverse bird species. Locals cherish leisurely walks and picnics in this idyllic haven. Peregian Beach, renowned for its consistent waves, is a haven for surfers and bodyboarders, catering to water sports enthusiasts.
  5. Property Market: Peregian Beach’s property market provides a diverse range of housing options, from single-family homes and apartments to luxury beachfront properties, offering a mix of modern designs and traditional beach cottages. Property prices vary considerably, with beachfront and ocean-view homes at a premium, while more affordable entry-level properties and townhouses make the market accessible to a wide range of buyers.

Living Your Luxe Life Podcast: Hidden Gems of Peregian Beach, recommended by locals!

Discover the hidden gems in and around Peregian Beach on the Living Your Luxe Life Podcast, as Christine engages with locals who’ve embraced this region as their “home,” and delves into the relationship between home, lifestyle, and community. Through her role as a property buyer’s agent, Christine can dissect the region’s broader economic and property growth influences, situating them within the property cycle.

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Buying Property in Peregian Beach? Let us help you find your luxe life!

Get the latest insights, property market knowledge and buying strategies, and discuss your plans for purchasing property on the Sunshine Coast in an obligation-free, one-on-one consult with Christine Mount.

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