Burleigh Heads Market Update 1st Half 2025
In Q4 2024, Burleigh Heads* had a median house price of $1,535,000 and a median unit price of $1,025,000.This represents annual (Q4 2023 - Q4 2024)growth of 9.6% for houses and 11.6% forunits. Comparing Q4 2023 and Q4 2024,total sales surged by 25.5%(to 207sales) for houses and grew by 11.2%(to 297sales) for units. This confirms a highly demanded market and an ideal time for owners to capitalize ontheir investments. Units saw a higher price growth than houses, as buyers switched their focus to units to secure a home. On a 6-months basis (Q2-Q4 2024), median house price saw a temporary dip, creating a brief opportunity
HOUSE SALES YEAR HALF YEAR CHANGE FROM LAST
HOUSE MEDIAN PRICE
HOUSE RENTAL PRICE
SALES
Burleigh Heads£ will see approximately $144.6Mofnewprojectscommencing in2025
PRICE
RENTAL PRICE
MEDIAN PRICE Q4 2024
AVERAGE DAYS ON MARKET Q4 2024
45 $1.5M $1.0M
MEDIAN PRICE Q4 2024
53 $810 HOUSE UNIT 18 16 $1,150
AVERAGE DAYS ON MARKET Q4 2024
A main mixed-use project is 1 & 2 West Street Mixed Use Development It comprises of 6 x3bedroom & 2 x 4 bedroom units, shop, food & drink outlet and health care services.
Key residential projects include:
• 1929Gold Coast Highway Apartments (56 Apartments)
• 25-27 Awoonga Avenue (8 Units)
• 17Tallebudgera Creek Road Townhouses (9 Townhouses)
• 42Ewart Street (4 Villas)
Although several residential projects are planned in Burleigh Heads, they will only add new units/apartments and townhouses. At present, there are nonew stand-alone dwellings in the 2025pipeline.
An absence of new houses will put more pressure onthe house market, likely leading to higher house prices as demand continues to outpace available supply.
AVERAGE VENDOR DISCOUNT*
Average vendor discount reflects the average percentage difference between the first list price and final sold price. A lower percentage difference (closer to 0.0%) suggests that buyers are willing to purchase close to the first asking price of a property.
Average vendor discounts between Q4 2023and Q4 2024 have widened to -1.7% for houses and -1.0% for units. The peak discount period has passed for houses (in Q3 2024). Market conditions in Burleigh Heads* favourbuyers, with sellers willing toaccept below the listed prices. Now is the peak discount period forunits, thus buyers must act fast.
The suburb ofBurleigh Heads has outperformed the wider Gold Coast Local Government Area (LGA) in house and unit median prices for the past 5 years. This continued to be the case in 2024,for both property types. The suburb of Burleigh Heads remain a premium suburb, even with a slightly lower price growth rate compared to 2023.
Most of the homes sold in Burleigh Heads* across 2024 were in the most premium price brackets, of $1.7Mand above (39.4%) for houses and $1.15M and above (38.0%) for units. Interestingly the most affordable price brackets still showed a strong presence, with 33.9%houses sold below $1,399,999and 36.8%units sold below $849,999. This is an opportunity for first home buyers. The market also offers options within the middle price brackets, providing opportunities for buyers with varying budgets.
MARKET COMPARISON
Burleigh Heads (4220) House
Gold Coast LGA House Burleigh Heads (4220) Unit
Gold Coast LGA Unit
The market comparison graph provides a comparative trend for median price of houses and units over the past 5 years. The main LGA chosen was based on their proximity to the main suburb analysed, which is Burleigh Heads.
PRICE BREAKDOWN 2024
Less than $1,399,999 $1,400,000 to $1,499,999 $1,500,000 to $1,599,999 $1,600,000 to $1,699,999
and above
Less than $849,999 $850,000 to $949,999 $950,000 to $1,049,999 $1,050,000 to $1,149,999 $1,150,000 and above
RENTAL GROWTH 2025€
House rental yields in Burleigh Heads¥ was 3.4% as of December 2024, onpar with the Gold Coast (3.4%) and slightly higher than Brisbane Metro (3.2%). Further, median house rental price increased by 9.5% in the past 12months to Q4 2024,at $1,150per week. The number of housed rented increased as well, by 9.6%(to 103 houses). This indicates a highly-demanded and competitive house rental market in Burleigh Heads¥, which is beneficial to investors.
4+ bedroom houses have provided investors with +12.5% rental growth annually, achieving a median rent of $1,350per week.
Burleigh Heads¥ recorded a vacancy rate of 1.0%in December 2024, below the Gold Coast City LGA average of 1.1%and Brisbane Metro’s 1.2%. Vacancy rates have decreased in the past 12 months, indicating an even tighter rental market. Furthermore, a 1.0%vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating a tight rental demand and quicker occupancy of rental properties in Burleigh Heads¥ market. This creates a conducive and sustainable environment for investors.
RENTAL VACANCY RATES 2025
Burleigh Heads (4220) Gold Coast Main Brisbane Metro REIA 'Healthy' Benchmark
Burleigh Heads¥
PROJECT DEVELOPMENT MAP 2025 ₳
BURLEIGH HEADS
RESEARCH SERVICES
Our research services span over every suburb, LGA,and state within Australia; captured in a variety of standard and customised products, andinclude:
• Advisory and consultancy
• Market analysis including profiling and trends
• Primary qualitative and quantitative research
• Demographic and target market analysis
• Geographic information mapping
• Project analysis including product and pricing recommendations
• Rental and investment return analysis
OUR KNOWLEDGE
Access to accurate and objective research is the foundation of all good property decisions.
OUR PEOPLE
Our research team is made up of highly qualified researchers who focus solely on propertyanalysis.
478 071623 john@prdburleighheads. com.au
7 5535 4544
Leeuwen +61481 271 806 adam@prdburleighheads. com.au
.com.au/burleighheads/
BraidenSmith
+61413 203626 braiden@prdburleighheads. com.au
REFERENCES
* Burleigh Heads sales market data and key indicators encapsulates aggregate property market conditions within the postcodes of 4220 and 4221.
** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.
# 2024 encapsulates sales transactions for the 2024 full year (01/01/2024 – 31/12/2024).
€ Annual rental growth is a comparison between Q4 2023 (01/10/2023 – 31/12/2023)and Q4 2024 (01/10/2024 – 31/12/2024) house median rent figures.
¥ Burleigh Heads rental market data encapsulates aggregate property conditions within the postcode of 4220.
§ Rental yields shown are as reported as of December 2024.
₳ Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
£ Projects refers to the top developments within the suburb of Burleigh Heads.
µ Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.
ψ Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRD does not hold any liability to the exact date.
Source: APM Pricefinder, Cordell Connect database, SQM Research, Esri ArcGIS.
Disclaimer: PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material.
Prepared by PRD Research. © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed. © Copyright PRD 2025.
