Five Gold Coast Suburbs Averaging More Than $1 Million


Five Gold Coast suburbs have topped the seven figure mark, according to new data from CoreLogic.

The median price of houses in Mermaid Beach, Main Beach, Broadbeach Waters, Clear ­Island Waters and Paradise Point is now more than $1 million.

REIQ Gold Coast zone chairman John Newlands told the Gold Coast Bulletin more suburbs on the glitter strip would hit the million-dollar mark as the city grew.

“The population on the Gold Coast is predicted to nearly double over the next 20 years so I think we will see a lot more suburbs pop up into that price range,” Newlands said.

“It comes down to supply and demand.”

While Main Beach was the coast’s most expensive suburb with a median of $1.605 ­million, the suburb only recorded 14 house sales.

He predicted the next million-dollar suburb to appear within two years.

The Gold Coast’s million-dollar median suburbs:

  • Main Beach, $1.605 million
  • Mermaid Beach $1.3975 million
  • Surfers Paradise, $1.3 million
  • Broadbeach Waters $1.105 million
  • Clear Island Waters $1.02 million
  • Paradise Point $1.035 million

The Gold Coast’s next million-dollar median suburbs:

  • Runaway Bay, $960,000
  • Bundall, $951,000
  • Currumbin Valley, $920,000
  • Willow Vale, $910,500
  • Benowa, $876,000
  • Mermaid Waters, $870,000
  • Currumbin, $840,000
  • Tallebudgera Valley, $825,000
  • Tallai, $825,000

Source: CoreLogic

Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: