Australia’s Gold Coast property market remains strong

Australia’s Gold Coast property market remains strong

In the face of elevated interest rates and global uncertainty, the Australian housing market demonstrated surprising resilience throughout 2024 with the number of home sales increasing 8% on the previous year, according to CoreLogic research report for 2024.

The total number of home sales reached 528,000 nationally in the 12 months to November, representing a 6.0% rise from the previous five-year average.

Over that same period, home values have also seen a 5.5% increase, with the combined value of Australian homes surpassing $11 trillion.

South East Queensland, and in particular, the Gold Coast is maintaining positive growth due to population expansion with many people opting to move north from Melbourne and Sydney to enjoy a lifestyle upgrade in the Sunshine State.