How's The Market?
The Gold Coast property market is poised for continued growth in 2025, driven by factors such as sustained demand, limited housing supply, and significant infrastructure developments.
Market Performance and Projections
In recent years, the Gold Coast has experienced substantial property value increases. Propertyology's 2025 Property Market Outlook forecasts a further 10–13% rise in property prices for the year. This projection reflects the region's ongoing appeal and economic resilience.
Demand Drivers
Several elements contribute to the robust demand in the Gold Coast property market:
- Population Growth: The area's population is projected to reach one million by 2046, necessitating the construction of approximately 161,700 new dwellings over the next two decades.
- Interstate Migration: A significant number of residents relocating from other states have chosen the Gold Coast, attracted by its lifestyle and economic opportunities.
Supply Constraints
The market faces notable supply challenges:
- Land Shortages: The availability of vacant residential lots is limited, with high demand and lengthy approval processes contributing to a bottleneck. This scarcity has driven the average price per square meter for vacant land above $1,500.
- Construction Delays: Increased construction costs and labor shortages have slowed the completion of new housing projects, further constraining supply.
Suburb Highlights
Certain suburbs are experiencing particularly strong growth:
- Surfers Paradise: The median house price has reached $4 million, marking a 123% increase over five years.
- Upper Coomera: This suburb has shown significant sales activity, indicating rising demand and potential for future growth.
Investment Outlook
The combination of strong demand and limited supply positions the Gold Coast as an attractive market for investors. The luxury property segment, in particular, is experiencing heightened interest, with sales of properties over $5 million increasing by 12% in 2024.
In summary, the Gold Coast property market is set for continued growth in 2025, underpinned by demographic trends, supply constraints, and ongoing infrastructure developments.
