M:
The Big Picture
Gold Coast Prestige Residential Spring/25
The Economy Key Drivers
Prestige Residential Sales Update
Prestige
Prestige residential sale transactions above $3 million tallied to 94 in Q2 2025 on the Gold Coast, moving downwards by 8% from the previous quarter This was influenced by a lower number of new and total listings, whilst the market anticipated a further reduction in interest rates. Over the past year to Q2 2025, the total number of prestige sales was 19% lower, reaching 435 sales. As a benchmark, over the past five years, the annual average was 316 sales
Super-Prestige Sales
The share of super-prestige sales (above $5 million) was recorded at 24%, compared to the total number of prestige sales (above $3 million) on the Gold Coast in the year ending Q2 2025. This was lower than one year ago when the proportion was 25%, and remains below the 27% share recorded five years ago Over the past year to Q2 2025, Gold Coast super-prestige sales volume has fallen by 23%, but grown over the past five years by 600%
Sales -19% 24%
Total Number of Prestige Sales ($3m+) Gold Coast Prestige
Share of Super-Prestige Sales ($5m+), by Number Gold Coast Prestige
Prestige Residential Sales Update
Average Days on the Market Gold Coast Prestige Duration -6 days
Prestige homes across the Gold Coast took an average 75 days on market - from the time they were listed to the day they went under contract - in the year ending Q2 2025 This duration was also 75 days a quarter ago (+0 days) and 81 days a year ago (-6 days) A lower number of days on market tends to mean homes are selling fast with more desirable properties, while a higher number of days suggests a slower market with above market values. Looking back, the five-year average has taken 98 days to sell a home
Newly advertised property listings in Regional Queensland were 6.5% lower in the month of June 2025, than the equivalent period last year, as reported by Cotality This trended above the -9.3% for the combined regional areas of Australia and -7 0% across Australia
Regional Queensland’s total number of listings in the month of June 2025 were 6.4% below the equivalent period last year, according to Cotality By comparison, total listings were -5.6% across the combined regional areas of Australia and -2 1% Australian-wide
Gold Coast prestige property prices rose by 3 8% in the year ending Q2 2025, with a rise of 0 5% recorded in the last quarter Looking back at price growth since Q2 2020, prestige apartments (41 5%) outpaced prestige houses (25.2%) over the five years. In Q2 2025, prestige apartment prices were 0 7% higher and were 6 2% above the previous year. In the same quarter, prestige house prices rose by 0.3% after rising 1 0% in the past year Annual residential price growth has averaged 6 2% over the past five years
Change in Prestige Prices
Looking ahead, McGrath Research anticipates Gold Coast prestige residential prices to increase by 4% by the end of 2025, followed by a stronger 5% rise in 2026. Factors taken into consideration include the forecast of a stronger economy, a solid performing stock market and the reduction of interest rates encouraging more buyer activity
Forecast for Prestige Prices
Prestige Residential Rents Update
Residential gross rental yields rose 2 bps in the Q2 2025 quarter to be 4 39% across the Gold Coast prestige market, while being 1 bp more than a year ago Gross rental yields are a good initial measure of comparing the return of a property investment before expenses are deducted Gross rental yields have averaged 3.94% over the past five years.
Change in Gross Rental Yield Gold Coast Prestige
Gold Coast residential rental vacancy was recorded at 1 3% in Q2 2025, rising 30 bps in the quarter to remain similar to a year ago, according to REIQ Generally, around 3% vacancy is considered a balanced market between rental supply and demand. Below this equilibrium is considered to be an undersupplied pool of rental homes Over the past five years, rental vacancy has averaged 1.0% per year.
Change in Residential Rental Vacancy Gold Coast
Prestige Residential Rents
Gold Coast prestige property rents rose by 3.3% in the year ending Q2 2025, with growth of 0 6% recorded in the last quarter Looking back at rental growth over the five years since Q2 2020, prestige apartments (74 3%) outpaced prestige houses (67 6%) Prestige apartment rents in Q2 2025 were 0.8% above a quarter ago, and were 7.9% higher over the year In the same quarter, prestige house rents rose by 0.4% after falling 2.0% in the past year. On average, over the past five years, prestige rents grew 11 6% per year
In recent years, a modest number of new prestige homes have been built on the Gold Coast and only a small share of these homes have been made available in the rental pool As a result, McGrath Research forecast there will remain pressure on rents of 3% at the end of 2025, with a further 3% rental growth likely in 2026
Change in Prestige Rents Gold Coast Prestige
Forecast for Prestige Rents
Coast
Definitions
Prestige Property
The most desirable and most expensive property in a given location, generally defined as the top 5% of each market, by value.
Prestige Sales
Gold Coast prestige sale transactions hold a threshold of A$3 million
Super-Prestige Sales
Gold Coast super-prestige sale transactions hold a threshold of A$5 million.
Wealthy Population
A high-net-worth individual (HNWI) with a net worth of at least US$10 million.
Guiding you home
Michelle Ciesielski
Head of Research, McGrath Research
michelleciesielski@mcgrath com au +61 414 694 220
www mcgrath com au