Gold Coast City LGA valuation overview
Overview of 2024 land valuation
For the Gold Coast City local government area (LGA), the revaluation included 151,757 properties, with a total value of $157,866,105,956, an overall increase of 25 per cent since the last valuation issued in 2022.
Property market changes within the Gold Coast City LGA are being driven by:
- high net migration from interstate and overseas
- continued strong investor demand
- an elevated level of infrastructure development including:
- M1 motorway access upgrades and extensions
- commencement of stage 3 ‘light rail’ extension from Broadbeach South
- changes in local and state government planning schemes, permitting higher residential density, especially within inner urban areas
- primary production commodity prices.
Total value by land use
| Land type | Value | Percentage of total land value |
|---|---|---|
| Commercial | $6,437,605,200 | 4.1% |
| Industrial | $8,649,110,000 | 5.5% |
| Primary Production | $287,458,500 | 0.2% |
| Single Unit Residential | $96,594,971,956 | 61.2% |
| Multi-Unit Residential | $30,928,282,200 | 19.6% |
| Rural Residential | $12,473,536,500 | 7.9% |
| Other | $2,495,141,600 | 1.6% |
| LGA total | $157,866,105,956 | 100% |
Note: The sum of percentages may not equal 100% due to rounding.
Residential land
There has been varying increases in median values within the residential market sectors of the Gold Coast City LGA since the last valuation. The overall median value for residential land in the Gold Coast City LGA is $610,000, an increase of 28.4 per cent.
The table below shows the changes in median value of residential land in the Gold Coast City LGA. The table includes localities with a minimum of 50 properties as residential land use.
| Locality | Previous median value (as at 1 October 2021) | New median value (as at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|---|
| Arundel | $460,000 | $620,000 | 34.8% | 3,019 |
| Ashmore | $500,000 | $630,000 | 26% | 3,359 |
| Benowa | $720,000 | $900,000 | 25% | 2,097 |
| Biggera Waters | $550,000 | $700,000 | 27.3% | 1,079 |
| Bilinga | $740,000 | $850,000 | 14.9% | 261 |
| Bonogin | $450,000 | $610,000 | 35.6% | 147 |
| Broadbeach Waters | $1,150,000 | $1,400,000 | 21.7% | 2,912 |
| Bundall | $1,050,000 | $1,350,000 | 28.6% | 1,487 |
| Burleigh Heads | $930,000 | $990,000 | 6.5% | 1,896 |
| Burleigh Waters | $880,000 | $970,000 | 10.2% | 4,196 |
| Carrara | $510,000 | $580,000 | 13.7% | 2,543 |
| Clear Island Waters | $1,050,000 | $1,450,000 | 38.1% | 1,075 |
| Coolangatta | $830,000 | $950,000 | 14.5% | 523 |
| Coombabah | $385,000 | $500,000 | 29.9% | 1,998 |
| Coomera | $295,000 | $400,000 | 35.6% | 3,919 |
| Currumbin | $840,000 | $890,000 | 6% | 649 |
| Currumbin Waters | $590,000 | $730,000 | 23.7% | 2,362 |
| Elanora | $540,000 | $590,000 | 9.3% | 3,257 |
| Gilston | $340,000 | $475,000 | 39.7% | 618 |
| Helensvale | $400,000 | $560,000 | 40% | 4,850 |
| Highland Park | $325,000 | $485,000 | 49.2% | 1,779 |
| Hollywell | $560,000 | $680,000 | 21.4% | 972 |
| Hope Island | $480,000 | $620,000 | 29.2% | 863 |
| Jacobs Well | $275,000 | $385,000 | 40% | 762 |
| Labrador | $460,000 | $600,000 | 30.4% | 2,793 |
| Main Beach | $1,650,000 | $1,800,000 | 9.1% | 150 |
| Maudsland | $310,000 | $435,000 | 40.3% | 1,187 |
| Mermaid Beach | $1,650,000 | $1,750,000 | 6.1% | 1,066 |
| Mermaid Waters | $870,000 | $1,100,000 | 26.4% | 3,276 |
| Merrimac | $540,000 | $590,000 | 9.3% | 1,281 |
| Miami | $950,000 | $1,000,000 | 5.3% | 1,589 |
| Molendinar | $465,000 | $655,000 | 40.9% | 1,846 |
| Mudgeeraba | $435,000 | $590,000 | 35.6% | 2,643 |
| Nerang | $315,000 | $455,000 | 44.4% | 3,545 |
| Ormeau | $295,000 | $400,000 | 35.6% | 4,123 |
| Ormeau Hills | $295,000 | $415,000 | 40.7% | 1,474 |
| Oxenford | $315,000 | $455,000 | 44.4% | 3,425 |
| Pacific Pines | $330,000 | $480,000 | 45.5% | 4,227 |
| Palm Beach | $1,000,000 | $1,000,000 | 0% | 3,678 |
| Paradise Point | $840,000 | $1,000,000 | 19.1% | 2,187 |
| Parkwood | $455,000 | $610,000 | 34.1% | 2,533 |
| Pimpama | $275,000 | $400,000 | 45.5% | 6,528 |
| Reedy Creek | $490,000 | $660,000 | 34.7% | 1,480 |
| Robina | $650,000 | $720,000 | 10.8% | 5,668 |
| Runaway Bay | $730,000 | $980,000 | 34.3% | 2,233 |
| South Stradbroke | $740,000 | $890,000 | 20.3% | 79 |
| Southport | $460,000 | $620,000 | 34.8% | 4,725 |
| Steiglitz | $310,000 | $435,000 | 40.3% | 236 |
| Surfers Paradise | $1,300,000 | $1,550,000 | 19.2% | 1,755 |
| Tallai | $470,000 | $630,000 | 34% | 335 |
| Tugun | $670,000 | $750,000 | 11.9% | 1,556 |
| Upper Coomera | $285,000 | $400,000 | 40.4% | 7,163 |
| Varsity Lakes | $620,000 | $680,000 | 9.7% | 2,889 |
| Willow Vale | $260,000 | $365,000 | 40.4% | 362 |
| Worongary | $310,000 | $495,000 | 59.7% | 878 |
Explanatory notes
- The residential market throughout the Gold Coast City LGA generally had moderate to significant increases in value.
- Increases in value were more subdued in the prime coastal suburbs.
- Moderate to significant increases cascaded from the prime coastal suburbs which recorded larger increases in the last valuation.
Rural residential land
The table below shows the changes in median value for rural residential land in the Gold Coast City LGA.
| Previous median value (at 1 October 2021) | New median value (at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|
| $550,000 | $740,000 | 34.6% | 16,180 |
Explanatory notes
- The rural residential market throughout the Gold Coast City LGA increased significantly in value.
- The increase in value was due to strong demand for rural residential lifestyle living and limited supply of land.
- Increases were recorded in areas with proximity to Gold Coast beaches, services and amenities, and outer city areas such as Springbrook where large rural residential homesites are being subdivided into smaller rural residential homesites.
Other land uses
The table below shows the total value of land uses (other than residential and rural residential land) in the Gold Coast City LGA.
| Land use category | Previous total land value (at 1 October 2021) | New total land value (at 1 October 2023) | Change in total land value | Number of properties |
|---|---|---|---|---|
| Commercial | $5,301,239,600 | $6,437,605,200 | 21.4% | 2,137 |
| Industrial | $5,678,995,000 | $8,649,110,000 | 52.3% | 2,900 |
| Primary Production | $242,182,500 | $287,458,500 | 18.7% | 309 |
| Multi-Unit Residential | $25,685,302,000 | $30,928,282,200 | 20.4% | 6,076 |
| Other | $1,952,485,471 | $2,495,141,600 | 27.8% | 509 |
Explanatory notes
- The commercial land market throughout the Gold Coast City LGA increased moderately in value. Stronger increases in value were recorded within the smaller, non-core central business district areas.
- The industrial land market throughout the Gold Coast City LGA increased significantly in value. The growth in land value is due to strong demand and limited land supply with continuing to be outpaced by absorption.
- The primary production land market in various sectors within the Gold Coast City LGA increased moderately in value. The growth in land value is due to ongoing strong demand for well-located land which provides a sound investment return, and the ever-decreasing availability of prime farming land as urban development encroaches.
- The multi-unit residential land market throughout the Gold Coast City LGA increased moderately in value. Increase in value was mainly driven by limited supply of development land and demand from strong net migration to the region.
- The ‘other’ land use market throughout the Gold Coast City LGA increased moderately in value. This group includes a broad range of sub-groups of special use properties including to residential subdivision land (englobo), parkland, sports and recreation sites, quarries, cemeteries, educational establishments and electrical transformer sites.
More information
To view the valuation roll display listing for the Gold Coast City LGA, you can:
- see land valuations online
- visit the Department of Resources, Level 1, 14 Edgewater Court, Robina Town Centre during business hours until 30 June 2024.