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What is the Gold Coast median house price?

November 18, 2019 10:00 am by Upside

With some of Australia’s best beaches, a sunny climate and a diverse economy, it’s easy to see why the Gold Coast – or ‘Goldie’ as it’s affectionately known – is an attractive location for owner-occupiers and investors alike.

If you’re considering buying in the area, knowing the average house price in Gold Coast is key to getting the best price in a good location. And, on the flipside, if you’re planning to sell your property on the Gold Coast, it’s important to understand the state of the market.

Here’s a guide to average house prices on the Gold Coast and surrounding areas to help you get started.

Average house prices on the Gold Coast

According to the Domain State of the Market report for the September 2019 quarter, the median house price on the Gold Coast is $627,500. This a modest increase from a median price of $626,500 in September 2018. According to the Queensland Market Monitor reporting on the June 2019 quarter, the median unit price on the Gold Coast rose over the quarter by 1.2% to a median of $430,000 across 1458 transactions. For the year up to June 2019, the annual median softened by just 0.8% to a figure of $434,000 across a total of 8556 sales.

Median house prices in regional QLD

Looking further afield in Queensland, the Gold Coast is the state’s third most expensive region for both houses and units, behind Noosa and Brisbane. The Douglas region has seen the strongest growth in the state, recording a 12-month increase of 19.8% in property values and a 38.6% increase over the past five years.

Region Sep '19 Sep '18 Sep ‘14 YoY 5-year
Brisbane $666,500 $675,000 $568,000 -1.3% 17.3%
Bundaberg $284,500 $295,000 $289,000 -3.6% -1.6%
Cairns $420,000 $415,000 $385,000 1.2% 9.1%
Cassowary Coast $250,000 $280,000 $245,000 -10.7% 2.0%
Central Highlands $286,000 $257,655 $342,000 11.0% -16.4%
Douglas $500,000 $417,500 $360,750 19.8% 38.6%
Fraser Coast $329,975 $324,000 $307,000 1.8% 7.5%
Gladstone $285,000 $270,000 $385,000 5.6% -26.0%
Gold Coast $627,500 $626,500 $505,000 0.2% 24.3%
Gympie $333,500 $335,000 $280,000 -0.4% 19.1%
Ipswich $415,000 $390,000 $320,000 6.4% 29.7%
Isaac $215,000 $197,500 - 8.9% -
Livingstone $400,000 $382,000 $420,000 4.7% -4.8%
Lockyer Valley $375,000 $350,000 $306,500 7.1% 22.3%
Logan $440,000 $435,000 $360,000 1.1% 22.2%
Mackay $361,000 $343,000 $400,500 5.2% -9.9%
Mareeba $337,500 $380,000 $350,000 -11.2% -3.6%
Moreton Bay $475,000 $475,000 $410,000 0.0% 15.9%
Mount Isa $227,500 $255,000 $355,000 -10.8% -35.9%
Noosa $700,000 $740,000 $525,000 -5.4% 33.3%
Redland $534,000 $550,000 $475,000 -2.9% 12.4%
Rockhampton $270,000 $266,750 $295,000 1.2% -8.5%
Scenic Rim $479,000 $480,000 $403,000 -0.2% 18.9%
Somerset $362,000 $358,000 $341,000 1.1% 6.2%
South Burnett $236,500 $235,000 $216,250 0.6% 9.4%
Southern Downs $265,000 $280,000 $268,000 -5.4% -1.1%
Sunshine Coast $600,000 $605,000 $485,000 -0.8% 23.7%
Tablelands $333,000 $320,000 $310,000 4.1% 7.4%
Toowoomba $372,000 $375,000 $352,000 -0.8% 5.7%
Townsville $320,000 $325,000 $355,000 -1.5% -9.9%
Western Downs $231,000 $236,000 $293,500 -2.1% -21.3%
Whitsunday $370,000 $371,000 $390,000 -0.3% -5.1%

Source: Domain Property Group

How do median house prices on the Gold Coast compare to the rest of Australia?

Looking at Australia’s major cities, the Gold Coast is the fourth most expensive city to buy a house, behind Sydney, Melbourne and Canberra. On average, though, houses in Adelaide are significantly cheaper than Sydney and Melbourne.

Median house prices in Australian cities

Region Median house price QoQ YoY
Gold Coast $627,500 -1.6% 0.2%
Sydney $1,079,491 4.80% -1.60%
Melbourne $855,428 4.10% 0.00%
Brisbane $562,847 -1.00% -1.80%
Adelaide $538,550 -0.60% 0.70%
Canberra $738,864 -0.70% 0.60%
Perth $527,107 -1.00% -2.40%
Hobart $482,960 1.30% 2.60%
Darwin $521,651 1.00% -4.40%

Sources: Domain Property Group, Real Estate Institute QLD

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