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Buying a property in the Gold Coast: a complete guide

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property investment the Gold Coast

Yes, the analysis of the Gold Coast's property market is included in our pack

Considering buying real estate in The Gold Coast? You're not alone!

Many people are enchanted by the Gold Coast's beach lifestyle and dream of owning a waterfront property or a modern apartment there.

Would it be a profitable investment, though? Are property prices increasing on the Gold Coast? What is the current trend? Should I buy property in Surfers Paradise or Broadbeach? Is there any hidden tax? Where are the best rental yields?

We have all the answers you need.

The BambooRoutes team knows this market like the back of their hand. Actually, we've organized all our findings in a pack. Get it now.

In this article, we'll provide you with helpful information.

How is the property market on the Gold Coast?

How is the property market performing? Let's rely on data and figures to find out.

Property types

In Gold Coast, there are various types of properties available for sale, catering to different preferences and needs.

These include stunning beachfront condos and apartments with picturesque ocean views, spacious family homes in residential neighborhoods with modern amenities, charming townhouses providing a mix of comfort and convenience, and even vacant land for those looking to build their dream custom home.

Additionally, you can find stylish urban apartments in the heart of the city, perfect for young professionals or those seeking a vibrant city lifestyle.

Whether you're after a relaxing beach retreat or a lively city abode, Gold Coast offers a diverse range of properties to suit every taste and lifestyle.

Should you buy or rent?

(If you plan to use it yourself and not as a rental)

Whether you're considering settling on the Gold Coast or already living there, you might be pondering the buy vs. rent decision in this stunning Australian region known for its beaches.

Generally, buying is a better choice than renting in the Gold Coast due to its strong and stable property market and potential for capital growth.

Nonetheless, if you favor flexibility, renting is the ideal route.

Property prices on the Gold Coast

On average, according to the last data from CoreLogic, buying a property on the Gold Coast would cost you around $6,200 per square meter.

There are significant differences, clearly. A waterfront property on the Gold Coast might have a higher price per square meter than a house in Surfers Paradise. We actually give you a more detailed breakdown in our pack for buying property on the Gold Coast and in Australia.

To give you a sense of scale, it is 3.1 times less than the prices in the center of New York.

Also, housing prices on the Gold Coast are 43% cheaper than in Sydney.

The most expensive places on the Gold Coast are probably Main Beach, Broadbeach, and Surfers Paradise, while the more affordable areas are Nerang, Arundel, Southport, and Labrador.

the Gold Coast Property Price per Square Meter


First and foremost, we have to acknowledge that Australia is, today, one of the most stable countries in the world. The last Fragile State Index that has been reported for this place is 22.7.

It is something to have in mind when wondering whether it's a good investment to buy a property on the Gold Coast.

Also, according to the International Monetary Fund (IMF), Australia's economy is expected to soar by 8.8% in the coming 5 years, resulting in an average GDP growth rate of 1.8%.

If you want to invest in real estate on the Gold Coast it's a good thing because a growing economy means the citizens' incomes are increasing, allowing them to invest in real estate for personal use or as a profitable asset, leading to a surge in property demand.

Also, in Australia, the average GDP per capita has changed by 4.0% over the last 5 years. The growth, although minimal, is still present.

These are cues signaling that property prices on the Gold Coast might go up in 2024 and during the coming years.

Looking for more updated data? We've done a big-picture study to find out if it's a good idea to purchase property in Australia right now.

Buying property on the Gold Coast

It is difficult to buy property on the Gold Coast due to the challenge of obtaining reliable and up-to-date information. That's why we have created the pack to buy property on the Gold Coast and in Australia.

Buying process

Within our pack, we've covered the entire buying process extensively. This includes a detailed breakdown of prices and yields based on the area, advice on negotiating prices, and information about obtaining a mortgage.

Now, we're providing you with a simplified version.

This is the step-by-step process to purchase a property in Gold Coast:

  1. Determine your budget and financing options, considering local stamp duty rates and mortgage regulations.
  2. Research the Gold Coast property market and explore neighborhoods that align with your preferences.
  3. Engage a licensed real estate agent with expertise in the Gold Coast area.
  4. Inspect potential properties in person or virtually, considering proximity to beaches, amenities, and attractions.
  5. Make an offer through the agent, using the standard Queensland Contract for the Sale of Land.
  6. Negotiate terms and price, keeping in mind the current market conditions.
  7. Organize a building inspection, considering Gold Coast's unique climate and potential effects on properties.
  8. Review the contract and legal documents, including title searches and zoning information specific to Gold Coast.
  9. Secure finance approval from a local lender, familiar with the Gold Coast property market.
  10. Pay the deposit and sign the contract, adhering to Queensland's specific contract requirements.
  11. Settle the property and pay the balance on the settlement date, typically 30-90 days after signing the contract.
  12. Transfer ownership at the Land Titles Office and receive the keys to your new Gold Coast property.

Also, if you're not from the country, you might want to check our article on how to buy property as a foreigner in Australia.

Make a profitable investment in the Gold Coast

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buying property in the Gold Coast

Where to find a property

Find your ideal property in Gold Coast with these websites.

  • - Comprehensive platform for real estate services, offering property listings, mortgage information, suburb research, and property news.
  • Domain - Property portal offering a wide range of real estate services, including listings, home loans, new developments, and news updates.
  • Flatmates - Australia's largest share accommodation website, connecting individuals looking for shared homes or flatmates.
  • Allhomes - Real estate website providing property services like buying, renting, selling, and commercial properties.
  • Realcommercial - Leading destination for commercial property, offering listings, investment opportunities, news, and agency information.

Also, know that we have included contacts of real estate agencies, property lawyers, moving companies, expats communities and more in our pack for buying property in Australia.

What you could get

As mentioned before, the average price per sqm on the Gold Coast is $6,200. A 1-bedroom property with an area of 60 square meters would cost approximately $372,000, and a 2-bedroom property with an area of 85 square meters would cost around $527,000.

However, property prices can vary because of their qualities and where they're located.

High-end property locations on the Gold Coast usually come with higher property values. For about $710,000, you could consider a condominium in Surfers Paradise, but a property in Main Beach might be priced at $660,000.

Some locations are not as expensive. You may find a house in Coomera for $480,000, or a house in Logan Central priced only at $390,000.

Find a more detailed breakdown in our full pack for buying property in Australia.

Common mistakes

Here are the main pitfalls specific to buying a property in the Gold Coaststralia:

  • Disregarding cyclone-prone areas; research cyclone history and safety measures.
  • Ignoring termite infestation risk; conduct specialized pest inspections.
  • Neglecting to check for coastal erosion concerns; consult local authorities and experts.
  • Underestimating costs for bushfire protection measures; ensure compliance with regulations.
  • Overlooking flood mitigation requirements; investigate property's flood management infrastructure.
  • Ignoring the impact of mining operations; check for nearby mining developments.
  • Overlooking potential wildlife issues; consider proximity to habitats and protection measures.
  • Failing to account for holiday rental restrictions; be aware of zoning and permit limitations.

We don't want this to happen to you, so we have included a full checklist for your property investment in our pack of documents. Avoid these mistakes and save a lot of money.

real estate Australia

Everything you need to know is included in our Australia Property Pack

Living on the Gold Coast

The Gold Coast offers a relaxed beach lifestyle with plenty of activities to keep you entertained throughout the year.

Cost of living

The cost of living on the Gold Coast is generally considered to be cheaper than other major cities in Australia. This is due to the lower cost of housing, transportation, and other necessities.

Here are some examples to better understand the cost of living in Gold Coast, Australia:

  • Monthly rent for a one-bedroom apartment in Surfers Paradise: $1,100-$1,800.
  • Dinner for two at a local restaurant: $45-$75.
  • Monthly public transportation pass: $60-$110.
  • Utilities (electricity, water, internet) for a small apartment: $110-$180/month.
  • A loaf of bread: $1.50-$3.
  • 1 liter of milk: $1-$2.
  • Monthly gym membership: $35-$70.
  • Movie ticket: $10-$15.


Since we want to explain things clearly, we've created a summary table that shows the different areas on the Gold Coast. For yields, prices and rents, check our property pack.

Place Description Strengths Weaknesses

Surfers Paradise

Surfers Paradise is a popular tourist hub known for its stunning beaches, vibrant nightlife, and numerous entertainment options, making it a prime location for short-term rentals and holiday homes.

Tourist hotspot, high rental demand, potential for high rental income.

High competition, fluctuating tourism demand, seasonal income variations.


Broadbeach offers a more laid-back atmosphere with beautiful beaches, shopping centers, and restaurants, making it an attractive location for families and long-term renters.

Family-friendly, steady rental demand, close to amenities.

Higher property prices, limited available land, potential zoning restrictions.

Burleigh Heads

Burleigh Heads boasts a relaxed coastal lifestyle, a thriving café and dining scene, and proximity to national parks, making it an appealing option for both residents and holidaymakers.

Strong community, desirable lifestyle, potential for capital growth.

Limited supply of properties, competitive market, traffic congestion during peak seasons.


Southport is a central business district with ongoing development and investment prospects, making it suitable for commercial property investments and rental properties catering to professionals.

Growing business hub, diverse rental market, infrastructure development.

Potential oversupply of rental properties, noise pollution, traffic congestion.

Palm Beach

Palm Beach is known for its pristine beaches, surf culture, and a variety of dining options, making it a popular destination for both tourists and long-term renters.

Beachside location, growing popularity, potential for holiday rentals.

Inconsistent public transport, susceptibility to coastal erosion, limited land availability.

Mermaid Beach

Mermaid Beach offers a mix of luxurious properties and a relaxed coastal lifestyle, attracting high-end buyers and holidaymakers looking for exclusive beachfront accommodations.

Prestigious location, high-end property market, strong rental demand.

High property prices, limited development opportunities, potential storm risks.

Main Beach

Main Beach boasts a sophisticated atmosphere with upscale restaurants, marinas, and luxury apartments, making it an attractive investment option for high-income individuals and holiday seekers.

Exclusive waterfront properties, high rental returns, strong capital growth.

High-density living, limited land availability, potential coastal hazards.


Coolangatta offers a laid-back coastal lifestyle with beautiful beaches and a range of water activities, attracting both retirees and holidaymakers seeking a relaxed atmosphere.

Retiree-friendly, scenic location, potential for holiday rentals.

Seasonal fluctuations in tourism, limited large-scale developments, noise from Gold Coast Airport.

Life on the Gold Coast

The Gold Coast is a major tourist destination and has a diverse economic landscape that includes tourism, construction, manufacturing, education, health services, retail, and finance. It is also a major hub for start-ups and new business ventures.

What expats usually like the most on the Gold Coast are the beautiful beaches, vibrant nightlife, and exciting outdoor activities. From swimming and surfing to hiking trails and theme parks, there is something for everyone.

The access to healthcare on the Gold Coast is generally good, with a range of public and private hospitals and clinics available.

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invest real estate in the Gold Coast

Renting out on the Gold Coast

This section is for you if you want to buy property solely for renting out and earning income.


According to the data reported by Wikipedia, the home ownership rate in Australia is 66%, which is average.

When people buy on the Gold Coast it's usually to live there, and not to rent out.

If you decide to rent out long-term, you might want to target young professionals and families looking to relocate to the Gold Coast for work or study opportunities. These tenants are likely to be looking for a secure, low-maintenance rental near amenities and transport links.

Here is a little summary table we've made for you.

Property type and area Profiles of potential tenants What they are looking for Expected monthly rent in $

Apartment in Surfers Paradise

Tourists and beachgoers

Beachfront living and vibrant nightlife

$1500 - $2500

House in Broadbeach

Families and professionals

Resort-style living and entertainment

$2500 - $4000

Unit in Southport

Students and budget-conscious tenants

Proximity to university and public transport

$1200 - $1800

Apartment in Mermaid Beach

Retirees and beach lovers

Beachside relaxation and ocean views

$1800 - $3000

Townhouse in Robina

Young professionals and families

Modern amenities and family-friendly environment

$2000 - $3500

Unit in Coolangatta

Retirees and beach enthusiasts

Relaxed coastal lifestyle and sea breezes

$1400 - $2200

House in Burleigh Heads

Surfers and outdoor enthusiasts

Proximity to popular surf spots and nature

$2200 - $3500

Now, you will probably ask us about the yields. Unlike other places, giving you an average rental yield on the Gold Coast is though. The region is quite varied. For example, rental yields in Surfers Paradise and Broadbeach are quite different from those in less busy areas.


You could also decide to rent short-term to holiday-makers, corporate travellers, and students attending universities or events on the Gold Coast. Alternatively, you could target those seeking a short-term rental while relocating or renovating their homes.

If you decide to go with that option, look for properties in Surfers Paradise, Broadbeach, and Main Beach as these are popular areas for short-term tenants. Additionally, the suburbs of Burleigh Heads, Mermaid Beach, and Palm Beach are also great areas to consider.

Currently, there are approximately 7,210 active Airbnb listings on the Gold Coast, reflecting a highly dynamic and bustling short-term rental market. The average daily rate stands around $180, which is quite high.

You have the opportunity to generate a nice additional income stream then. According to online testimonials and analytics platform like AirDNA, Guesty and Inside Airbnb, people who offer short-term rentals on the Gold Coast can make around $2300 per month. Also, the average occupancy rate is estimated at 62%.

Is it worth buying real estate in the Gold Coast then?

Buying a property in the Gold Coast can be a fantastic idea if you're in it for the long haul. The region offers a great beach lifestyle, a stable property market, and potential for property value appreciation.

If you're seeking a permanent residence where you can enjoy the beautiful beaches, vibrant nightlife, and outdoor activities, the Gold Coast is a prime location. Plus, the lower cost of living compared to major Australian cities makes it attractive for those looking to downsize or reduce expenses.

If you're interested in generating rental income, both long-term and short-term rentals are viable options, thanks to steady demand from tourists and residents. In areas like Surfers Paradise, Broadbeach, and Main Beach, you can capitalize on high rental returns from holidaymakers.

However, if you're a short-term investor looking for quick gains, the Gold Coast may not be your best bet. Property flipping can be riskier in a market with relatively stable price trends, and it might take time to see substantial returns.

Moreover, if you value flexibility in your living arrangements and don't want a long-term commitment, renting might be a more suitable choice. Keep in mind the region's property-related risks, such as cyclone-prone areas, termite infestations, coastal erosion concerns, and zoning restrictions for holiday rentals. Ignoring these risks could lead to unforeseen expenses and complications.

So, while buying a property in the Gold Coast can be an excellent investment, it's essential to align your goals and preferences with the long-term commitment and potential property-related challenges that come with it.

Make sure you understand the real estate market in the Gold Coast

Don't rush into buying the wrong property in Australia. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.

real estate market the Gold Coast

The content provided here is for informational purposes only and does not imply endorsement or advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information, including text, images, links, or other elements in this material. Following the content and analyses presented here does not assure specific outcomes. For guidance tailored to your individual circumstances, it is recommended to consult with a professional, such as a lawyer, accountant, or business advisor.