The Gold Coast beachside property market is one of the fastest growing in the country, according to industry analyst PropTrack.

Recent data shows that the median price of an average family house within the city’s beachside suburbs has risen 67 per cent in the four years since the start of the pandemic.

Fuelled by interstate migration, it is an extraordinary level of price growth in a market where prices were already elevated compared to metropolitan and other regional coastal locations.

However, the cost of living is more affordable on the Gold Coast than in capital cities making it an enticing choice for those looking to balance lifestyle with access to world-class education, amenities and infrastructure.

The extraordinary level of price growth shows the level of confidence that buyers currently hold in the Gold Coast market and what it has to offer as a place to live and invest.

Beachfront properties edging the sand or offering sea views will always attract the highest premiums, with houses in Miami showing the highest level of growth in the past five years at 91.9 per cent.

Yet homes slightly further in from the coastline are benefitting from the beachside halo effect.

Mermaid Waters, inland from blue-chip beachfront suburb Mermaid Beach, is a good example. In the past five years, the median house price has lifted 89.7 per cent, with the suburb’s record sale price broken twice by Kollosche in the past six months.

Beachside apartments have also experienced exceptional price growth, with the median sale price in Palm Beach in the southern beaches rising 96.5 per cent over the past five years.

Kollosche sales agent Troy Dowker recently sold a four-bedroom sky home in the boutique development ‘Perspective Two Sea’ in Twenty-Seventh Avenue, Palm Beach, for $7,625,000.

Following Palm Beach closely for price growth was the emerging suburb of Bilinga at 88.7 per cent growth, Miami at 83.8 per cent growth, and Tugun and Burleigh Heads both up 82.2 per cent over the past five years.

The Gold Coast beachside market is only expected to continue to grow as population growth expands and the number of properties available to service it is further limited.

If you are buying or selling along the beachside, reach out to a Kollosche agent who can help you to navigate the elevated market conditions.