A cyclist has died after a young driver rear-ended two riders on the Sunshine Coast.

Police said the car was heading along Steve Irwin Way in Landsborough just after 8.30am on Saturday when it hit two cyclists who were riding in the same direction on the road.

A 62-year-old man from Sippy Downs, who was one of the cyclists, died at the scene.

The second rider, a 51-year-old man from Alexandra Headland, was taken to the Sunshine Coast University Hospital in a stable condition.

The 21-year-old car driver is helping Forensic Crash Unit investigators with their inquiry.

Police have appealed for witnesses or anyone with dashcam vision to contact Policelink on 13 14 44.