Gold Coast

Where are the next property hotspots on the Gold Coast and Sunshine Coast?

PHOTO: Some suburbs on the Gold Coast such as Palm Beach rose by a massive 82 per cent in the past five years. Photo: Ray White

Property experts across south-east Queensland’s top coastal hot spots have revealed the next round of suburbs set for soaring price growth — offering budget-conscious sea changers and savvy investors a glimmer of hope in an ocean of skyrocketing prices.

The Gold Coast suburbs picked for growth
Median house price
Ashmore $639,500
Labrador $518,000
Southport $590,000
Carrara $570,000
Tugun $770,000

While median house prices almost doubled to reach more than $1 million over the past five years in some coastal patches, a handful of suburbs such as Ashmore and Tugun on the Gold Coast and Noosaville and Old Tewantin on the Sunshine Coast were slated as the next pockets pegged for major growth where you can still bag a home for under $500,000.

The Sunshine Coast suburbs picked for growth
Median house price
Noosaville $1,079,000
Tewantin $649,000
Peregian Springs $680,000
Eumundi $750,000

The top tips have come hot on the heels of surging interstate migration and Domain’s 2020 fourth-quarter house-price data that revealed some suburbs such as Palm Beach on the Gold Coast, had exponential growth of more than 83 per cent over the past half-decade – bringing the median house price to $901,000.

Boom suburbs of the Gold and Sunshine Coast over the past five years
Suburb Property type Median price 5-year growth
Sunshine Beach House $1,802,500 95.9%
Palm Beach Unit $630,000 82.3%
Sunrise Beach House $1,055,000 78.8%
Noosa Heads House $1,321,000 76.1%
Noosa Heads Unit $920,000 70.4%
Doonan House $1,077,500 57.3%
Surfers Paradise House $1,635,000 55.7%
Moffat Beach House $950,000 54.0%
Burleigh Heads House $925,000 51.6%
Jacobs Well House $680,000 51.1%
Noosaville House $1,079,000 50.9%
Sunshine Beach Unit $912,500 49.6%
Tugun House $770,000 49.5%
Miami House $887,500 49.5%
Broadbeach Waters House $1,250,000 46.7%