Gold Coast CityEconomic profile
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Gold Coast City

Housing valuation

At June 2017, Gold Coast City had a median house valuation of $631,511, $172,158 higher than the median house valuation for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Housing Valuation System

Housing values
Gold Coast City20172013Change
Housing value (at June)Gold Coast CityQueenslandGold Coast City relative to QueenslandGold Coast CityQueenslandGold Coast City relative to Queensland2013 to 2017
House--------------
First Quartile$517,531$318,187+62.7%$405,968$303,498+33.8%+$111,563
Median$631,511$459,353+37.5%$478,539$398,530+20.1%+$152,972
Third Quartile$814,064$632,943+28.6%$605,712$512,407+18.2%+$208,352
Unit--------------
First Quartile$324,863$273,293+18.9%$269,062$253,719+6.0%+$55,801
Median$392,606$353,056+11.2%$321,588$315,561+1.9%+$71,018
Third Quartile$502,744$443,936+13.2%$400,342$390,486+2.5%+$102,402

Source: Hometrack 2013-2017, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Queensland: $443,936 Median, Queensland: $353,056 First Quartile, Queensland: $273,293 Third Quartile, Queensland: $632,943 Median, Queensland: $459,353 First Quartile, Queensland: $318,187 Third Quartile, Gold Coast City: $502,744 Median, Gold Coast City: $392,606 First Quartile, Gold Coast City: $324,863 Third Quartile, Gold Coast City: $814,064 Median, Gold Coast City: $631,511 First Quartile, Gold Coast City: $517,531
Source: Hometrack 2013-2017, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Queensland: $53,450 Median, Queensland: $37,495 First Quartile, Queensland: $19,574 Third Quartile, Queensland: $120,536 Median, Queensland: $60,823 First Quartile, Queensland: $14,689 Third Quartile, Gold Coast City: $102,402 Median, Gold Coast City: $71,018 First Quartile, Gold Coast City: $55,801 Third Quartile, Gold Coast City: $208,352 Median, Gold Coast City: $152,972 First Quartile, Gold Coast City: $111,563
Source: Hometrack 2013-2017, Housing Valuation System

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