Gold coast PROPERTY MARKET REPORT
MRD was developed to educate, empower and assist property investors throughout their investment journey.
To do so, we’re committed to offering the latest Gold Coast market research so you can learn, grow and build sustainable wealth primarily through property.
Our reports are backed by almost 15 years of property research experience.
The information in these reports is sourced from a range of published and respected data sources to create a holistic overview of the region’s property market.
In other words, we've done the legwork so you don’t have to.
Our Gold Coast Market Report addresses all aspects that are pertinent if you are considering acquiring residential property in the region to expand your investment portfolio. It puts all elements of Gold Coast in context for you, with a focus on:
- The Property Cycle
- Vacancy Rate
- Median Rents
- Rental Prices
- Rental Yield
- Median House Price
- Supply Indicators
- New Stock Coming to Market
- Industry sector of employment
- Employment Status
- The Future: The property and commodity market
The Gold Coast is currently home to an estimated 537,844 residents in June 2013. The city has experienced an average annual growth rate of 2.7% over the past decade.
The largest employer on the Gold Coast is Retail Trade, which generated 33,283 local jobs in 2012/13.
The Gold Coast’s average median rent of 3BR Houses is 440 per week; and $370 per week for 2BR Units, as recorded in December quarter 2014.
In recent years, there has been a significant spike in development approvals on the Gold Coast. During the 2013-2014 financial years, there were 3,932 project approvals going to the pipeline. Among these approvals, operational works and redevelopment projects were 2,000 and 1,119 respectively. Multimillion-dollar projects were approved including Coomera Town Centre, Vantage Royal Pines (in Benowa), and Synergy high-rise (in Broadbeach). Along with the wave of development, population has increased rapidly in the Gold Coast.
Gold Coast City is projected to be the fastest growing region between 2011 and 2036, increasing by an average of 2.3% annually; and have the second largest population, increasing from 529,000 to 922,000 persons in the 25 years to 2036.
Suburb of Upper Coomera, Willow Vale, experienced the largest growth on the Gold Coast growing by 2,100 people, with Coomera second growing by 770 people. The fastest-growing suburb in Queensland (with the exception of Brisbane) was Pimpama, which increased by 16%. Willow Vale and Coomera also experienced fast growth, up by 7.8% and 7.7% respectively.
Currently, property developers and investors are attracted by the new investment trend shifting the focus to the South East Queensland. This will be addressed at the end of the report. Find out more >
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