Gold Coast economic property indicators

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In contrast to other major cities, dwelling prices for Gold Coast properties (and those of neighbouring Brisbane to the north) have not recovered since the GFC as strongly as other capitals.

 

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.

The Gold Coast will benefit from the more than $10 billion of infrastructure projects (PDF) including for the Gold Coast 2018 Commonwealth Games (PDF).

Oliver Hume – 2018 SEQld Economic, Population & Housing Overview (PDF)

Oliver Hume Vic & Qld Quarterly Market Insights (PDF)

Urbis Report Gold Coast North – April 2016 (PDF)

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)

Gold Coast building approvals have been at low levels for several years which has allowed stock for sale to be absorbed and the market is now improving.

Hottspotting Report includes the Gold Coast in the Top 10 Australian Investment Hotspots for 2017 (PDF)

For property price projections:

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.

PRD South East Queensland Hotspots 1st Half 2017 (PDF)

Review Brisbane property indicators (link)

Review Australian economic property indicators (link) related to property.

Review detailed property data & charts (link)