PHOTO: Some suburbs on the Gold Coast such as Palm Beach rose by a massive 82 per cent in the past five years. Photo: Ray White
Property experts across south-east Queensland’s top coastal hot spots have revealed the next round of suburbs set for soaring price growth — offering budget-conscious sea changers and savvy investors a glimmer of hope in an ocean of skyrocketing prices.
| Suburb |
Median house price
|
| Ashmore | $639,500 |
| Labrador | $518,000 |
| Southport | $590,000 |
| Carrara | $570,000 |
| Tugun | $770,000 |
While median house prices almost doubled to reach more than $1 million over the past five years in some coastal patches, a handful of suburbs such as Ashmore and Tugun on the Gold Coast and Noosaville and Old Tewantin on the Sunshine Coast were slated as the next pockets pegged for major growth where you can still bag a home for under $500,000.
| Suburb |
Median house price
|
| Noosaville | $1,079,000 |
| Tewantin | $649,000 |
| Peregian Springs | $680,000 |
| Eumundi | $750,000 |
The top tips have come hot on the heels of surging interstate migration and Domain’s 2020 fourth-quarter house-price data that revealed some suburbs such as Palm Beach on the Gold Coast, had exponential growth of more than 83 per cent over the past half-decade – bringing the median house price to $901,000.
| Suburb | Property type | Median price | 5-year growth |
| Sunshine Beach | House | $1,802,500 | 95.9% |
| Palm Beach | Unit | $630,000 | 82.3% |
| Sunrise Beach | House | $1,055,000 | 78.8% |
| Noosa Heads | House | $1,321,000 | 76.1% |
| Noosa Heads | Unit | $920,000 | 70.4% |
| Doonan | House | $1,077,500 | 57.3% |
| Surfers Paradise | House | $1,635,000 | 55.7% |
| Moffat Beach | House | $950,000 | 54.0% |
| Burleigh Heads | House | $925,000 | 51.6% |
| Jacobs Well | House | $680,000 | 51.1% |
| Noosaville | House | $1,079,000 | 50.9% |
| Sunshine Beach | Unit | $912,500 | 49.6% |
| Tugun | House | $770,000 | 49.5% |
| Miami | House | $887,500 | 49.5% |
| Broadbeach Waters | House | $1,250,000 | 46.7% |
READ MORE VIA DOMAIN
