The Domain House Price Report reinforced the tree change trend that has been dominating the housing market over the past year. 

The Surfers Paradise unit market had the largest volume of property transactions in the year to June, at 2,325, with nearby Southport (984) and Broadbeach (859) also landing in the top 20. 

There was also a strong turnover of units in nearby Southport (at 984) and Broadbeach (at 859).

Suburbs Ranked by Sale Volume

State Suburb  Property  Sale Volume Median  Annual Change
QLD Surfers Paradise Unit 2325 $425,000 8.3%
VIC Melbourne Unit 1210 $542,500 -1.4%
VIC Point Cook House 1154 $685,000 6.2%
VIC Craigieburn House 1088 $592,000 4.0%
NSW Port Macquarie House 1026 $620,000 11.2%
VIC Pakenham House 1025 $574,000 4.7%
NSW Orange House 998 $525,000 20.7%
QLD Southport Unit 984 $385,000 6.9%
VIC Tarneit House 969 $575,000 3.6%
VIC Berwick House 925 $745,000 8.0%
QLD Broadbeach Unit 859 $615,000 5.1%
SA Adelaide Unit 838 $535,000 11.6%
NSW Dubbo House 837 $410,000 10.8%
WA Baldivis House 802 $408,000 11.8%
VIC Mildura House 783 $350,000 7.7%
VIC Werribee House 781 $540,000 5.3%
QLD Maroochydore Unit 775 $550,000 12.0%
QLD Buderim House  761 $820,000 19.4%
VIC Traralgon House 757 $365,000 9.4%
NSW Wollongong  Unit 737 $599,000 2.4%

Source: Domain

Ray White Surfers Paradise Chief Executive Andrew Bell told Savings.com.au that the initial fear caused by COVID saw many owners put their properties on the market due to job uncertainty. 

"There were a lot of people worried about their jobs and their own financial position. So it was no surprise to see quite a few people put their apartments on the market for sale," Mr Bell said.

"At the same time, we got this sudden surge of migration from down south from people escaping built up areas. 

"Supply of properties came on the market, and an equal, if not greater amount of demand from people coming up, that's why the volume of sales occurred."

Mr Bell said that the Gold Coast is still possibly yet to reach its peak. 

"We won't know until the borders are fully open. Then when borders open internationally, we will see how the world reacts. I suspect international buyers will look to Australia and New Zealand as a sort of safe haven," he said.

Mr Bell also told Savings.com.au that not just Surfers Paradise is experiencing the boom. 

"All up and down the coast, suburbs are recording record sale prices and high volumes. 

On the Sunshine Coast, Maroochydore and Buderim experienced 12% and 19% annual increase in sales volume respectively. 

Further south, Orange in NSW increased by more than 20% in the past year. 

The Queensland boom was also littered with investors. 

The latest PIPA report found that almost 60% of investors ranked Queensland as 'best' for investors, coinciding with a regional boom over the past twelve months.

Advertisement

Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
6.04% p.a.
6.06% p.a.
$3,011
Principal & Interest
Variable
$0
$530
90%
4.6 Star Customer Ratings
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
5.99% p.a.
5.90% p.a.
$2,995
Principal & Interest
Variable
$0
$0
80%
Apply in minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
6.09% p.a.
6.11% p.a.
$3,027
Principal & Interest
Variable
$0
$250
60%
  • No annual fees – None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
 Disclosure
5.69% p.a.
6.16% p.a.
$2,899
Principal & Interest
Fixed
$0
$530
90%
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Flexibility to split your loan with both fixed and variable rates
 Disclosure
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

Image by City of Gold Coast via Unsplash



Ready, Set, Buy!


Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!

With bonus Q&A sheet and Crossword!

Download Free
By subscribing you agree to our privacy policy