📈 Price Trends & Sales Activity

• Median prices continue to surge: Houses have hit approximately $1.17 million, and apartments are now around $760 000, making the Gold Coast the second-most expensive property market in Australia after Sydney

• Over the past 12 months, dwelling values climbed ~12.7%, with houses up ~9% and units by ~4.6% 

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Growth Forecasts

• Propertyology projects 10–13% growth for the region through 2025 

• CoreLogic and LJ Hooker expect a “soft landing” with growth closer to 3–5% as rates and affordability pressures temper the frenzy ​

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Supply & Construction

• The market remains undersupplied, with a backlog of around 42,000 approved but unbuilt dwellings. Vacancy rates are razor-thin—around 1.3–1.5% realestate.com.aubambooroutes.com.

• More than 60% of unit developments due in the next three years are at risk of delay or cancellation due to rising costs and labour shortages ntnews.com.aucouriermail.com.au.

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Rental Market

• Rental yields are strong: ~4.1% for houses and 5.3% for units 

• Rents rose about 4.5% in 2024, bringing median weekly apartment rents to roughly $580 bambooroutes.com.

• With rents climbing, apartments under $700k remain a viable entry point—appealing to first-home buyers amid rising prices

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Key Drivers

1. Strong demand: Ongoing interstate migration from major cities, buoyed by lifestyle appeal and infrastructure spending (e.g., M1 upgrades, light rail extensions)

2. Construction constraints: High costs + trade shortages are impacting supply pipeline and development delivery realestate.com.ausoho.com.au.

3. Investor interest: Continued overseas and local interest, especially in prime coastal suburbs such as Mermaid Beach, Broadbeach, Burleigh Heads, and Surfers Paradise