The Gold Coast prestige market remains resilient.
Strong annual price growth, tight rental conditions and rising yields continue to underpin the market, even as transaction volumes ease back from recent highs.
Prestige Sales Have Softened, But Remain Above Long-Term Averages
Gold Coast prestige sales above $3 million totalled 90 transactions in Q3, down 3% on the prior quarter and 25% year on year. Context matters here though: the annual total of 401 sales still sits well above the five-year average of 330, pointing to genuine ongoing depth in the market.
Sales above $5 million now account for 29% of all prestige transactions, a larger share than a year ago, suggesting buyer conviction at the very top end remains firm.
Listings Remain Below Last Year's Levels
New listings across Regional Queensland are down 10.4% year on year, with total stock 12.5% lower. Less supply against an active buyer pool continues to support values, while Australasia's wealthy population grew 3.9%, reinforcing the longer-term demand story.
Homes Are Taking Longer To Sell
Prestige homes are now averaging 85 days on market, eight days longer than a year ago. Buyers haven't stepped back, but they have become more selective, which makes strategic pricing, presentation and premium marketing more important than ever to a strong result.
Prices Are Rising, With Further Growth Forecast
Prestige prices rose 3.9% over the past year, including 0.3% growth last quarter. McGrath Research is forecasting a further 3% price growth through 2026, supported by economic stability, ongoing wealth creation and constrained prestige supply.
For sellers, the trajectory is clear. For buyers, acting ahead of further growth builds in real advantage.
Rental Conditions Remain Undersupplied
Gross rental yields have risen to 4.48%, well above the 3% benchmark typical of capital city prestige markets. With vacancy sitting at just 1.3% and prestige rents up 5.7% year on year, undersupply is deeply embedded in the market.
A further 3% rental growth is forecast in 2026. For investors, this alignment of yield and capital growth is rare.
