Ten Gold Coast suburbs have cracked the million dollar club for the first time in the last 12 months amid soaring property values and a slew of jaw-dropping house sales.
Palm Beach was the front runner among the newly minted suburbs with median prices of more than $1 million, with the southern hotspot rising to $1.269 million from $933,979.
Other new entrants in 2020/21 were: Burleigh Heads, Tallebudgera, Burleigh Waters, Miami, Tallai, Coolangatta, Benowa, Bonogin and Currumbin Waters, CoreLogic’s Million Dollar Markets report shows. Head of research at CoreLogic, Eliza Owen said QLD was the only state where regional markets had around the same number of million dollar suburbs as its capital city.
The report analysed price growth in 61 Coast suburbs with more than 20 house sales over 12 months to May.
GOLD COAST’S NEW MILLION DOLLAR SUBURBS
For sellers thinking of selling, think hard you don’t want to miss the boat as these good times won’t last forever!