The Gold Coast property market is gearing up for a dynamic 2025, characterized by an anticipated shift in growth patterns. This week, CoreLogic presented its in-depth analysis at our Nerang office, shedding light on key trends and predictions for the upcoming year.
2024 Recap: A Year of Resilience Amidst Moderation
Reflecting on 2024, the Australian property market displayed remarkable diversity. While national home values increased by 4.9%, growth patterns varied significantly between capital cities and regional markets. The Gold Coast, which saw cumulative dwelling value increases of 73.1% since the pandemic began, experienced a slowdown in rapid growth during the latter half of the year.
2025 Outlook: Slower Growth and a Healthier Market
CoreLogic predicts a soft landing for 2025, with consensus between our teams and our guests that property prices on the Gold Coast may rise by 3–5% net overall. This correction is a natural response to the unprecedented price surges of recent years, as affordability challenges, high-interest rates, and cost-of-living pressures weigh on demand.
Matthew Tiller, LJ Hooker’s Head of Research, noted that “uncertainty around interest rates and their timing will be a key factor shaping buyer and seller decisions in 2025.”
He emphasized that while some headwinds remain, “any potential downturn is likely to be small and short-lived.”
Suburb-Specific Insights: Peak Dates and Performance
Different suburbs across the Gold Coast have shown varied performance as the market corrects from its peaks. Here’s a snapshot of peak dates and recent trends for select areas:
- Worongary: Median house prices peaked in November 2024, with a cumulative growth of 78.6% since the pandemic.
- Carrara: Experienced its peak in September 2024, with a median house price rise of 71.0%.
- Highland Park: Peaked in October 2024, achieving a 67.0% increase in median house prices since the pandemic began.
- Mount Nathan: Hit its peak in July 2024, with cumulative growth of 65.9%.
- Coomera: Saw house prices peak in November 2024, with a total increase of 77.1%.
- Upper Coomera: Achieved peak house prices in November 2024, reflecting a robust 77.4% growth since the pandemic.
- Pimpama: Reached its peak in November 2024, with house prices increasing by 75.4%.
- Ormeau: Experienced its peak in November 2024, with house prices showing a 70.5% growth since the pandemic.
As we are still awaiting data from December, there may be suburbs on the Gold Coast that are yet to reach their peak.
While some suburbs have slightly eased from their peak values, these figures highlight the enduring strength of the Gold Coast property market over the long term.
Key Drivers of Change
Several factors are shaping the Gold Coast’s property landscape in 2025:
- Affordability Pressures: The Gold Coast remains one of the most unaffordable regions in Australia relative to local wages. Median dwelling values are 10.3 times the average household income.
- Increased Listings: Listing volumes have trended higher, signaling more choice for buyers.
- Migration Trends: While net interstate migration into Queensland has normalized, it remains a crucial driver of housing demand in the region.
Strategic Opportunities for Buyers and Sellers
For buyers, the easing of rapid price growth presents a chance to enter the market with less competition and more options. Investors, buoyed by rental growth outpacing pre-pandemic averages, may also find opportunities as rental conditions remain tight. For sellers, current market dynamics still offer strong conditions to achieve competitive prices, especially for properties with unique appeal or desirable locations.
Partner with Gold Coast’s Market Leaders
At LJ Hooker Solutions Gold Coast, we’re committed to staying ahead of market trends and ensuring our clients make informed decisions. The insights shared during CoreLogic’s presentation affirm our belief that the Gold Coast remains a vibrant and rewarding market, even amidst changes.
Let’s work together to navigate 2025’s market with confidence and success. Contact us today to learn more about how we can help you achieve your property goals.
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