A surge in buying power, record-low housing supply and a booming local economy have set the stage for the Gold Coast to outperform Australia’s major property markets, a new report reveals.
The city was in the “early upswing phase” of the property cycle, with prices and rents rising rapidly off the back of a tightening supply pipeline, Kollosche’s Gold Coast Property Outlook Annual 2025 Report in partnership with analyst Michael Matusik found.
“A boost in buying power, paired with record-low housing supply, is the perfect recipe for a Gold Coast property boom,” Kollosche managing director Michael Kollosche said.
Prices are set to rise again, according to the annual update. Picture: Nigel Hallett
The report noted a “deeper structural shift” underway, underpinned by limited new housing stock, strong economic indicators and rising generational demand.
Among seven key indicators pointing to a local housing market boom were a surging population, with about 15,300 new residents moving to the region in 2024 — well above the decade average — on track to hit 825,000 by the 2032 Olympics.
Household incomes were also climbing, with the average gross income now sitting at $145,000 — five per cent above the Queensland average.
But the biggest pressure point remains housing supply.
Report author Michael Kollosche. Picture: Portia Large.
Resale house listings were sitting at just over four months’ supply, while stock for attached dwellings — including townhouses and apartments — was down to 3.6 months.
The rental market was even tighter, with fewer than 940 homes available for lease and a vacancy rate of just 1.3 per cent. The report noted the Gold Coast had been “under-supplied since 2021”.
Despite an annual need for 6,500 new homes, delivery had fallen well short.
Some 42,000 approved apartments and townhouses remained unbuilt — a result of soaring construction costs and a shortage of skilled trades.
Supply is the biggest issue. Picture Realestate.com
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