The Gold Coast is Australia’s 6th largest population centre, having overtaken Canberra, Newcastle and Wollongong in the last 20 years. Detailed Gold Coast projections (PDF) by respected KPMG demographer Bernard Salt have the Gold Coast maintaining this ranking with population growing to 0.9m by 2031 and 1.2m by 2050. The combined region of Brisbane/Gold Coast will be the 3rd largest centre behind greater Sydney and greater Melbourne. Brisbane/Gold Coast/Sunshine Coast will by 2050 be as big as Sydney/Newcastle/Wollongong is today – summary article (PDF).
Queensland government broad hectare land profile (pdf) showing the location of larger land parcels (minimum 2,500 m²) to house future population, broken down into: higher density (over 20 dwellings/ha); urban residential (between 3 and 20 dw/ha); & rural residential (up to 3 dw/ha), and the timeframe for development.
Gold Coast house price growth over the past year (proxied by Brisbane, dates and methodologies differ between research houses) are shown below:
Price growth charts over a longer time period are shown by CoreLogic RPData Housing Overview (PDF)
For property price projections:
- HTW-Property-Market-Indicators (PDF)
- BIS Oxford Economics (PDF)
- Residex (PDF) forecast Brisbane dwelling prices to rise over the 5 years to end 2020 by +5% pa for houses and +2% pa for units
In the long term, the Qld government project the Gold Coast population (PDF) to increase continuously from 0.5 million in 2011 to between 0.7 million and 0.9 million in 2031.
Review Brisbane property indicators (link)
Review Australian economic property indicators (link) related to property.