[Estate] House and Land
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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.
*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us.*
Do I Qualify?
Eligibility Criteria
The Following Eligibility Criteria Will Apply
- Available for ‘Brand New’ purchases only; including townhouses, apartments & freestanding houses
- Purchase must be made through one of FHBA’s partner’s or a new property provider approved by FHBA
- Your ‘first home loan’ must be arranged through FHBA Mortgages (exceptions may apply)
- The FHBA 50 Rebate is paid in addition to your State’s First Home Owners Grant & Stamp Duty concessions
- Complimentary Insurance Consultation with FHBA Protect to ensure you are protected
- You must agree to the full terms and conditions outlined in our client agreement new homes service before buying
How much is it?
Eligible FHBA first home buyer clients will be entitled to a 50% cash rebate on the total referral fees paid to FHBA (FHBA Pty Limited) from the new home provider you proceed with (should FHBA have a referral agreement with the provider)
The FHBA 50 Rebate will typically range from $2,500 to $12,000 depending on factors such as the property type, property location and property builder.
The rebate will be paid after the full referral fees are received by FHBA from the new homes provider first
Eligible Properties
To be eligible, the property must be from an FHBA new homes provider partner or approved by FHBA first
- House & Land
- Apartment
- Townhouse / Unit
- Display Homes
- Dual Living
- Dual Occupancy
- Duplex
- Studio
Example
A first home buyer couple meet an FHBA Coach and tell the Coach about their desired property. After working out their budget, the Coach show’s them a range of properties from FHBA’s New Homes partners. The QLD couple are interested in a house & land package through an FHBA partnered builder. The builder completes the sale with the client including some custom inclusions. The builder pay’s FHBA an agreed referral fee of $15,000.” “The couple will be entitled to the following government grant and incentives:
| Incentive Type | Amount |
|---|---|
| QLD Govt. FHOG Grant (2016/17 FY) | $20,000 |
| Stamp Duty Payable | NIL |
| FHBA 50 Rebate (50% of $15,000) | $7,500 |
| Total $ Incentives | 27,500 |
Please note that the FHOG and incentives are subject to change.
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- Estimated Duration:
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- Enter any valid Suburb and click on the "Submit" button to see appropriate route details.
- The route details shown are returned from Google.
- Disclaimer: The exact location of the property may not be accurately shown on the map as in some cases the property suburb only has been picked. Any address can be provided upon enquiry. Please consider this when using the map and the Travel Time Estimator above.
Nearby Properties
Properties located within a 50-kilometer radius of the current property.
