Gold Coast Housing Market Insights: October 2021
While other housing market’s across the country saw declines in 2020 due to the pandemic, the Gold Coast, after a decade of moderate growth, has benefitted from the rise of working from home culture and lifestyle offerings.
According to Corelogic, the average Gold Coast house prices increased by 22 per cent between July 2020 and 2021.
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The Gold Coast’s increase is now outpacing more established cities such as Adelaide, Darwin and Perth.
In the 12 months leading to March this year, the average price of new apartments increased by 23 per cent.
The rate of price growth has continued to gain momentum on the Gold Coast after reaching a peak in March this year, when values rose 3 per cent in a single month—a 15.4 per cent increase compared to March 2020. Source: The Urban Developer