High Demand for Gold Coast Homes

The Gold Coast housing market has shown some incredible growth recently. But what does that mean for Gold Coast home owners?

Recent data published by Domain shows the Gold Coast’s median house price has seen a year-on-year rise of 7.4%, more than doubling that of Brisbane at 3.1%.

This means that more Gold Coast home owners have the chance to cash in on high housing demand and increased property prices. Even more excitingly, the traditionally lesser known Gold Coast suburbs such as Currumbin Waters and Elanora, have seen a higher year-on-year rise of 10.54% and 9.68% respectively.

The median house sale price for both Currumbin Waters and Elanora has risen to $640,000 (compared to the Gold Coast median house price of $613,500) proving the two suburbs are becoming increasingly more popular with both local and interstate home buyers.

There’s also good news for beachside suburbs such as Billinga and Miami. Although beach front suburbs always attract more attention due to their location, this year in particular the popularity of these coastal suburbs has increased greatly and demand for Gold Coast homes with a great beach location has risen.

This is partly motivated by infrastructure improvements for the 2018 Commonwealth Games and future plans for transport routes to be extended to the Gold Coast International Airport.

Interstate interest has also impacted property demand on the Gold Coast as the number of people moving away from capital city locations increases. This comes as home buyers look for more affordable housing options which can offer more space and a good quality of life.

How does your suburb rate?

Suburb, Median House Sale Price, Percentage increase over 12 months. Data collected from propertyvalue.com.au August 2017

Billinga $595,000 14.75%
Miami $753,000 11.90%
Mermaid Waters $850,000 up 11.84%
Currumbin Waters $640,000 10.54
Elanora $640,000 9.68%
Varsity Lakes $611,000 9.54%
Robina $660,000 8.82%
Burleigh Heads $760,000 7.66%

With the Gold Coast property market trending well, now could be the time for you to capitalise by selling your property. If you require any assistance, we are always happy to help.

Article written by Jason Hocking