Gold Coast City Council Market Update
st Half 2025
Gold Coast City Council
MARKET SNAPSHOT
• In the past5yearsto 2024,Gold CoastCity Council saw67.8%growthin medianhouseprice, withan averagegrowthof 13.6% perannum.
• Q42024sawthe marketreachedits peak,with the median houseprice climbing to $1,180,000.Since Q3 2023, housesales remainedstrong,exceeding2,000 sales per quarter.Apersistentundersupplycreated abufferagainsthigherinterestrates,which resulted in price growth.A slightsofteningin median house pricesin early 2024(Q1–Q2)presenteda windowof opportunityfor first-homebuyers,howeverthishas passeddue to avery low numberof newhouses.
• Gold CoastCityCouncil plans to seeapprox.$11.0B of residential projectsin 2025,adding8,592 units, 1,087 townhouses,49dwellingsand1,713 vacantlots.
• In Q42024,3-bedroomhousesand2-bedroom unitsprovidedthe highestannualrental growth,of 2.6% and9.1%respectively;ata median rentalprice of $800and$720perweek.
Tweed Shire Council Market Update 1st Half 2025
• In the past5yearsto 2024,TweedShire Council recordeda66.9% growthin median houseprice, or an averageannualgrowthof 13.4%.AlthoughTweed Shire recordeda slightly slowerprice growthrate thanGold CoastCouncil, it continuesto offerstrong growthpotential andamore affordable entryprice.
• Median houseprice sawadecline in 2022-2023,due to higher interestrates.However,it reboundedto over$1million in early 2024,before steadily climbing to its peakof $1,160,000in Q4.This presentsan ideal opportunityfor homeownersto sell.
• TweedShire Councilwill see approximately$828.8M residential projectsplanned in 2025pipeline;adding 367 units, 45townhouses,26 dwellings and184 land lots.This is notenoughhouses,whichwill pushup pricesevenhigher(for all propertytypes).
• 4+bedroomhousesand2-bedroomunitsrecorded the highestannualrentalprice growth,of 15.8%and 8.3% respectively;at$1,100and$650perweek.