Gold Coast CityEconomic profile
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Gold Coast City

Housing valuation

At June 2018, Gold Coast City had a median house valuation of $648,340, $189,980 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 City20182014Change
Housing value (at June)Gold Coast CityQueenslandGold Coast City relative to QueenslandGold Coast CityQueenslandGold Coast City relative to Queensland2014 to 2018
House--------------
First Quartile$526,668$316,285+66.5%$432,680$316,236+36.8%+$93,988
Median$648,340$458,360+41.4%$513,958$418,290+22.9%+$134,382
Third Quartile$838,926$639,156+31.3%$651,780$543,256+20.0%+$187,146
Unit--------------
First Quartile$338,214$273,559+23.6%$283,600$262,692+8.0%+$54,614
Median$406,091$356,880+13.8%$337,538$328,583+2.7%+$68,553
Third Quartile$522,115$444,896+17.4%$415,173$408,410+1.7%+$106,942

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, Gold Coast City: $522,115 Median, Gold Coast City: $406,091 First Quartile, Gold Coast City: $338,214 Third Quartile, Gold Coast City: $838,926 Median, Gold Coast City: $648,340 First Quartile, Gold Coast City: $526,668
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Queensland: $36,486 Median, Queensland: $28,297 First Quartile, Queensland: $10,867 Third Quartile, Queensland: $95,900 Median, Queensland: $40,070 First Quartile, Queensland: $49 Third Quartile, Gold Coast City: $106,942 Median, Gold Coast City: $68,553 First Quartile, Gold Coast City: $54,614 Third Quartile, Gold Coast City: $187,146 Median, Gold Coast City: $134,382 First Quartile, Gold Coast City: $93,988
Source: Hometrack 2014-2018, Housing Valuation System

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