Coolangatta Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW In Q4 2024, Coolangatta* recorded a median house price of $1,420,000 and a median unit price of $810,000. This represents an annual (Q4 2023 – Q4 2024) price growth of 9.2% for houses and 6.6% for units. Now is an ideal time for owners to capitalize on their investments. Comparing Q4 2023 and Q4 2024, total sales declined by -0.4% for houses (to 471 sales in Q4 2024) and -2.9% for units (to 1,740 sales in Q4 2024). This indicates an undersupplied market, creating a buffer against higher interest rates. With very little new stand-alone houses planned, buyers should act fast, before further price growth across all property types.
CHANGE FROM LAST
YEAR
Gold Coast Local Council area will see approximately $11.0B of new projects commencing construction in 2025.
Residential $3.5B
HALF YEAR
HOUSE SALE S
Infrastructure $1.6B
Mixed-Use $5.1B
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
There is a heavy focus on commercial and residential projects in the Gold Coast Local Council area, which brings economic growth and housing stock.
UNIT SALE S UNIT ME DIAN PRICE
Housing type projects specific to the Coolangatta area (and nearby) are:
UNIT RE NTAL PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q4 2024
$1.4M
$810K
MEDIAN PRICE Q4 2024
$885
SALES
AVERAGE DAYS ON MARKET Q4 2024
54
50
HOUSE
U N I T
RENTALS
$730
•
Holm Apartments Rainbow Beach (86 apartments)
•
271 Boundary & Petrie Streets – Radia (38 apartments)
•
Palais mixed-use development Coolangatta (132 apartments)
In total, approx. 6 townhouses and 538 units are planned in Coolangatta suburb. Only 49 houses are planned in all nearby areas, of postcode 4225. Although this will assist with some demand, it does not fulfill the need of new ready-to-sell houses. This remains undersupplied, which will push up all property prices in the area.
AVERAGE DAYS ON MARKET Q4 2024
24
19
HOUSE
U N I T
8,592 Units/ Apartments
1,087 Townhouses
49 Dwellings
1,713 Lots