Coolangatta is a prime holiday destination located on the southern tip of the Gold Coast in Queensland. The suburb got its name from the schooner, Coolangatta, which was wrecked in 1846 and still rests under the sands of Kirra Beach.
Coolangatta is widely known for being one of the oldest suburbs on the Gold Coast. To this day, it still retains much of its old charm, seeing as modernisations and new developments have not yet taken hold of the area. However, Coolangatta is in close proximity to both Southport and Surfers Paradise, which means lots of theme parks and other developments are right on its doorstep.
This suburb is laced with peaceful beaches and amazing restaurants, giving it a more laid back atmosphere. If you’re a fan of beachside living, then investing in Coolangatta property might be the perfect fit for you.
Coolangatta is home to white, sandy beaches that boast crystal clear tides. Lush greenery spreads out in between swimming spots like Tugun and Currumbin, which is also home to Currumbin Creek. If you are an animal lover, you can also visit the Currumbin Wildlife Sanctuary nearby.
Surfers adore this location because it hosts several major surf and lifestyle events throughout the year. A bit South from Coolangatta, both avid swimmers and surfers usually flock to beaches like Greenmount, Snapper Rocks, and Duranbah.
Enjoy long beach walks on one of Coolangatta’s walkways that wrap around Greenmount Hill connecting Greenmount and Rainbow beach. If you follow the road to Point Danger, you might just spot a whale or two!
If retail therapy is more up your alley, then drop by The Strand – an extravagant shopping centre located right on the water. You will be able to indulge in everything from boutiques to great cinematic experiences. You can also complete your shopping with a stroll down Marine Parade to enjoy the beautiful boutiques along the esplanade.
Coolangatta is just 21 km from the Gold Coast, 72 km from Logan City, and 90 km from Brisbane. If you wish to travel, you can make use of the Gold Coast Airport, situated merely 10 km from Coolangatta.
The suburb offers both state and private educational facilities like Coolangatta State School, St Joseph’s Primary School, and Tweed Heads Public School.
A popular tourist attraction is the Captain Cook Memorial Lighthouse. Here you can spot a dolphin or two out to sea and you are free to enjoy a picnic on the grounds or a walk along the cliff-edge.
Coolangatta offers everything from Italian cuisine to Chinese and everything in between. Tons of cafés, restaurants, and pubs can be found near the suburb’s beaches overlooking the surf.
Recent Property Sales
*Sales data from realestate.com.au
Coolangatta Property Statistics
Median sale price in the area: $945k
Median price change (1yr): -2.07%
Median rent: $600pw
Median gross yield: 3.3%
Median sale price in the area: $620k
Median price change (1yr): 2.48%
Median rent: $440pw
Median gross yield: 3.7%
Demographics of the Area
In 2011, the population of Coolangatta totalled 5,192 people. By 2016, the population increased to 5,959 people which shows a population growth of 14.8%. The predominant age group of people living in Coolangatta falls between 60-69 years.
Lots of retirees have made Coolangatta their home, which means most households consist primarily of childless couples who repay approximately $1000 – $1399 per month on mortgage repayments.
In 2016, 48.2% of homes in Coolangatta were owner-occupied, which means that half of the population prefer to rent the property they stay at.
Coolangatta real estate is truly an investor’s dream. With the feel of the suburb drawing in tourists on a daily basis, you cannot go wrong by investing in some beachside property. If you would like to speak to a knowledgeable Coolangatta beach buyers agent, then Savvy Fox is here to help you out!
With years of experience in buying and selling property all throughout Australia, Savvy Fox is the perfect choice for serious buyers that need a bit of help finding their dream property. Don’t delay in finding your perfect holiday home, call Savvy Fox today!