Gold Coast City, QLD

The City of Gold Coast is a local government region that encompasses the Gold Coast, Queensland, Australia, and its environs. It is Australia’s second most populated local government area, with a population of approximately 607,000.

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Its council employs about 2,500 people. It was founded in 1948, although it has only been in its current form since 2008. The LGA is located on the New South Wales border, close to Tweed Shire, a shire in that state.

Professionals (18.3%), Technicians and Trades Workers (14.9%), Clerical and Administrative Workers (13.6%), Managers (12.4%), and Sales Workers (12.1%) are the most frequent jobs in Gold Coast.

In Gold Coast, the typical weekly personal income for persons aged 15 and over is $666.

Separate homes account for 58.3 % of occupied private residences on the Gold Coast, while semi-detached, row or terrace houses, townhouses, and other buildings account for 20.6 %, flats or apartments for 19.9 %, and other dwellings account for 0.7 %.

The Gold Coast is responsible for producing a good portion of Australia’s GDP, which is due to its diverse leisure and tourism industry. It offers that perfect combination of beach life, the nightlife in Surfers Paradise, and upmarket shopping at The Broadwater Shopping Center. The Gold Coast is known for its surfing beaches, cultural attractions, and an affluent lifestyle.

However, Gold Coast City isn’t just about vacation spots, but also about real estate investment opportunities too. The property market in the city is more than one of the most desirable places to invest in Australia.

Gold Coast property market has been booming for many years. With its popularity, the city’s property market has become very competitive. Most property investors are looking for Gold Coast properties to renovate and resell them as well as more long-term investments opportunities.

Find out more about Gold Coast property market by reviewing the statistics on this page.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Upgrade to Starter Plan to see Demand Profile data.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.

Property Market in Gold Coast City, QLD

What other property markets are there near Gold Coast City, QLD?

Gold Coast City is surrounded by 3 other council areas – Logan, Scenic Rim, Redland.

Suburbs/localities in this Local Government Area: Austinville 4213, Gaven 4211, Gilberton 4208, Gilston 4211, Advancetown 4211, Guanaba 4210, Helensvale 4212, Highland Park 4211, Hollywell 4216, Hope Island 4212, Jacobs Well 4208, Kingsholme 4208, Labrador 4215, Lower Beechmont 4211, Luscombe 4207, Main Beach 4217, Maudsland 4210, Mermaid Beach 4218, Mermaid Waters 4218, Merrimac 4226, Miami 4220, Molendinar 4214, Mount Nathan 4211, Mudgeeraba 4213, Natural Bridge 4211, Nerang 4211, Alberton 4207, Norwell 4208, Numinbah Valley 4211, Ormeau 4208, Ormeau Hills 4208, Oxenford 4210, Pacific Pines 4211, Palm Beach 4221, Paradise Point 4216, Parkwood 4214, Pimpama 4209, Benowa 4217, Reedy Creek 4227, Robina 4226, Biggera Waters 4216, Bilinga 4225, Runaway Bay 4216, South Stradbroke 4216, Southport 4215, Springbrook 4213, Stapylton 4207, Steiglitz 4207, Surfers Paradise 4217, Tallai 4213, Tallebudgera 4228, Tallebudgera Valley 4228, Tugun 4224, Upper Coomera 4209, Varsity Lakes 4227, Willow Vale 4209, Bonogin 4213, Wongawallan 4210, Woongoolba 4207, Worongary 4213, Yatala 4207, Neranwood 4213, Southern Moreton Bay Islands 4212, Broadbeach 4218, Broadbeach Waters 4218, Bundall 4217, Burleigh Heads 4220, Burleigh Waters 4220, Carrara 4211, Cedar Creek 4207, Clagiraba 4211, Clear Island Waters 4226, Coolangatta 4225, Coombabah 4216, Coomera 4209, Currumbin 4223, Currumbin Valley 4223, Currumbin Waters 4223, Arundel 4214, Ashmore 4214, Elanora 4221

2 thoughts on “Gold Coast City, QLD”

  1. The housing market has impacted capital cities with price changes across Australia, but particularly decreasing median prices in Melbourne and Sydney. News reports, including a recent article from the ABC (1 July 2019), assert lower interest rates and improved property sentiment will boost prices in our two biggest cities, with prices expected to continue to fall elsewhere.

    Despite a tightening of regulations in 2017, Australia’s regulatory body, the Australian Prudential Regulation Authority (APRA), is this year showing some leniency in lending criteria. Recent rate cuts in June and July by the Reserve Bank of Australia (RBA) have offered buyers and sellers a positive economic view. With unemployment rising, it is unlikely house prices will drastically rise and regional areas may continue to fall. With interest rates now at 1 per cent, Philip Lowe, Governor of the RBA remarked, ‘the easing of monetary policy will support employment growth and provide greater confidence.’

    The past 10 years has seen a changing market for Gold Coast City with percentage change overall four per cent lower over 10 years from 2009 – 2019. The graph below shows median price changes with ongoing uncertainty, a sharp drop from 2009 – 2012, followed by a drastic rise until a peak in 2015. Since then, there has been a sharp negative price change.

    HtAG predicts median prices for house will decrease marginally in the next 12 months followed by a sharper increase. The impact to the sale prices of property will be a plateau or slight decline compared with the previous 12 months. However, despite this decrease in price growth, the overall growth reflects approximately 20 per cent growth since 2009.

    Most of the suburbs within Gold Coast City have experienced some positive growth up to five per cent in the past year. However, a few suburbs have seen a negative price percentage growth including Southport, Surfers Paradise, Clear Island Waters, Robina, Miami, Hope Island, Upper Coomera, and Willow Vale. These areas represent price growth of minus three to minus 16 per cent in the past year. These suburbs may have qualities such as a low number of property sales, or have mainly expensive real estate, thus a lower than expected sale for one property may result in negative growth.

    There are several high growth areas with dark green including Jacobs Well, Wongawallan, Gaven, Lower Beechmont, Tallai, Bonogin, Tallebudgera Valley, Currumbin Valley, Bilinga, and Mermaid Waters and Mermaid Beach. These areas represent price growth of between five to 10 per cent in the past year.

    Given the market cycle position, we can expect the percentage growth to shift to a lower percentage range for most of the Gold Coast City area. The overall trend shown in the heatmaps tab shows a dominant yellow and orange sale price which represents approximately $400,000 – $700,000. Much of the northern suburbs of Gold Coast City sit within this range including Southport, Pacific Pines, Parkwood, Labrador, Benowa and Merrimac.

    The sale prices of central areas such as Mermaid Waters, Broadbeach, Mermaid Beach and Clear Island Waters show predominantly green sale pricing which represents approximately $1,000,000 to $1,400,000.

    Most of the suburbs within Gold Coast City have experienced some positive growth up to seven per cent in the past year. However, a few suburbs have seen a negative price percentage growth including Surfers Paradise, Ashmore, Clear Island Waters, Merrimac, and Palm Beach. These areas represent price growth of minus one to minus 22 per cent in the past year. These suburbs may have qualities such as a low number of property sales, or have mainly expensive real estate, thus a lower than expected sale for one property may result in negative growth.

    Some of the highest growth areas with medium green are Helensvale, Paradise Point, Carrara, Broadbeach Waters, Elanora, Currumbin Waters, Bilinga, and Coolangatta. These areas represent price growth of between seven to 21 per cent in the past year.

    Given the market cycle position, we can expect the overall percentage growth for units to remain unchanged for most of the Gold Coast City area.

    The overall trend shown in the heatmaps tab shows a dominant orange sale price which represents approximately $200,000 – $300,000. The units within Gold Coast City predominantly sit within this range. The sale prices of areas such as Surfers Paradise, Broadbeach, Mermaid Beach, Broadbeach Waters and Miami, show some yellow and light green unit sale prices which represents approximately $500,000 – $850,000.

    Given the dominant yellow and orange highlighting on the heatmaps, we can see Gold Coast City remains an affordable place to buy property compared with capital cities.

    What is Gold Coast’s most popular property type?

    Gold Coast City has a vast range of property types including houses, townhouses, units, and rural properties. With 14,209 sales in the past 12 months, three-bedroom dwellings are the most popular. Detached homes represent the largest portion of 7,387 sales, with sales units and semidetached dwellings making up the second and third largest portions respectively.

    Four-bedroom homes are also popular, with sales of 4,229 in the past 12 months. Again, detached homes are the most popular. Other home sizes including one- and two-bedroom properties account for 782 and 3,414 sales respectively, with 932 five-bedroom properties selling across the region in the past 12 months.

    The overall property market outlook for Gold Coast City shows high demand for units, semi-detached and three- and four-bedroom properties in all suburban and coastal areas. Although slow sown in price growth is expected to continue, uptrend is still evident in many areas throughout the region. Properties in popular beach areas, or family friendly suburbs continue to offer affordable options to meet demand. More expensive properties may experience a softening of sale price.

  2. Are you a real estate professional with an extensive knowledge of the Gold Coast property market? Our members would love to hear from you! What is the market outlook for Gold Coast City LGA from your point of view? Share your insights in a comment below.

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