Gold Coast CityEconomic profile
Skip to content

Gold Coast City

Rental listings

At June 2018, Gold Coast City had a median house rental of $520, $125 higher than the median house rental for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Automated Valuation System

Rental listings
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$440$320+37.5%$400$315+27.0%+$40
Median$520$395+31.6%$460$380+21.1%+$60
Third Quartile$650$480+35.4%$570$450+26.7%+$80
Median Rental Yield4.8%4.9%--5.1%5.1%----
Unit--------------
First Quartile$370$290+27.6%$310$275+12.7%+$60
Median$425$360+18.1%$360$340+5.9%+$65
Third Quartile$500$430+16.3%$420$400+5.0%+$80
Median Rental Yield5.8%5.6%--5.8%5.6%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Queensland: $430 Median, Queensland: $360 First Quartile, Queensland: $290 Third Quartile, Queensland: $480 Median, Queensland: $395 First Quartile, Queensland: $320 Third Quartile, Gold Coast City: $500 Median, Gold Coast City: $425 First Quartile, Gold Coast City: $370 Third Quartile, Gold Coast City: $650 Median, Gold Coast City: $520 First Quartile, Gold Coast City: $440
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Queensland: $30 Median, Queensland: $20 First Quartile, Queensland: $15 Third Quartile, Queensland: $30 Median, Queensland: $15 First Quartile, Queensland: $5 Third Quartile, Gold Coast City: $80 Median, Gold Coast City: $65 First Quartile, Gold Coast City: $60 Third Quartile, Gold Coast City: $80 Median, Gold Coast City: $60 First Quartile, Gold Coast City: $40
Source: Hometrack 2014-2018, Automated Valuation System

To continue building your economic story go to...

v20.11.10-1.0.0