Gold Coast median house price holds above $1.4m despite rate hikes

PRD's Gold Coast and Tweed market update for the second half of 2026 shows the Gold Coast median house price remained above $1.4 million in the June 2026 quarter. That is more than double the Q2 2020 level, though slightly below the Q1 2026 peak. Over five years, house prices rose 64.7%, or about 12.9% a year.

Sales activity is well below the 2020–21 boom. The city recorded around 1,400 to 1,800 house sales a quarter in 2026, compared with 2,500 to 3,000 at the peak. PRD attributes continued price strength to an ongoing housing shortage, even after several cash rate increases this year.

• About $7.7B of projects are expected to commence on the Gold Coast in 2026
• The pipeline includes 3,578 units, 414 townhouses and 740 vacant lots
• Rents for 4+ bedroom houses rose 21.9% to a $1,298/week median
• Rents for 2-bedroom units rose 10.4% to an $850/week median

Why it matters for developers & landowners: Strong rents and resilient values point to deep end-user demand. With new supply heavily weighted to apartments, well-located land for townhouses and small-lot housing remains scarce, which supports site values.

Source: PRD Real Estate, published 3 September 2026. Summary and commentary by GC Prestige — read the original article for full details.