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

What's happening

PRD's Gold Coast and Tweed Shire market update for the second half of 2026, published on 3 September 2026, shows a Gold Coast house market that has eased slightly from its peak but remains at historically high levels. The median house price stayed above $1.4 million in the June 2026 quarter, more than double the median in the same quarter of 2020, though a little below the Q1 2026 peak.

Over the five years to 2026, the city's median house price rose 64.7%, an average of 12.9% a year. PRD says that "undersupply in the market has supported price growth", even after several cash rate increases during 2026.

The key details

Sales volumes are well below boom levels. During the 2020–21 peak, the Gold Coast recorded about 2,500 to 3,000 house sales a quarter. In 2026, the figure has been around 1,400 to 1,800. The rental market remains strong, especially for larger houses.

• Median house price, Q2 2026: above $1.4 million
• Five-year house price growth: 64.7%, or about 12.9% a year
• 4+ bedroom house rents: up 21.9% year on year to a median of $1,298 a week
• 2-bedroom unit rents: up 10.4% to a median of $850 a week
• 2026 project pipeline: about $7.7 billion, adding 3,578 units, 414 townhouses, 6 dwellings and 740 vacant lots

Across the border in the Tweed, PRD reported a Q2 2026 median house price of $1.36 million and a median unit price of $920,000, both slightly below their Q1 peaks. House sales fell 24.6% to 270 for the quarter. The Tweed's 2026 pipeline is much smaller, at about $211.8 million and 210 units.

Timeline and next steps

The report covers market data up to the June 2026 quarter, and the project pipeline refers to work expected to commence during calendar 2026. Most of the Gold Coast's new supply in that pipeline is apartments, and how quickly those projects start and finish will shape supply over the next few years.

Why it matters for developers and landowners

The data suggests demand on the Gold Coast is being held up by a shortage of housing rather than by easy credit. Prices have stayed high and rents have kept rising even with higher interest rates and fewer sales. For landowners, it is worth noting that the 2026 pipeline leans heavily towards units, with comparatively few townhouses and lots.

That mix may support the relative scarcity of well-located land suited to townhouses and small-lot housing. However, market data describes conditions at a point in time and does not forecast them. Lower sales volumes also mean fewer recent comparable sales, so site-specific appraisals carry more weight than citywide medians.

Frequently asked questions

What is the median house price on the Gold Coast in 2026?

PRD reports that the Gold Coast median house price was above $1.4 million in the June 2026 quarter, slightly below the Q1 2026 peak.

How much have Gold Coast house prices grown over five years?

The median house price rose 64.7% over the five years to 2026, an average of 12.9% a year, according to PRD.

How much new development is planned on the Gold Coast in 2026?

About $7.7 billion of projects are due to commence, adding 3,578 units, 414 townhouses, 6 dwellings and 740 vacant lots.

Source: PRD Real Estate, published 3 September 2026. This article is an independent summary and commentary by GC Prestige based on the original report — read the source for full details.