Northern suburbs outperform beachside
Property values in the Gold Coast’s northern and western suburbs have far outperformed beachside suburbs during the past two years, according to Queensland’s Valuer General.
Most northern and western suburbs recorded land value increases of more than 30 per cent in the past two years, while the beachside suburbs recorded much lower gains.
However, the big rises in residential property values in the outer suburbs mean they are simply catching up to the beachside suburbs, which had enjoyed big jumps in valuations during the previous two years.
Worongary, which sits just west of the M1, recorded the biggest rise, with average land values jumping 59.7% from $310,000 to $495,000in the two years between October 1, 2021 and October 1, 2023.
The Valuer General’s biannual land valuations are used by governments as part of their decisions. This includes the City of Gold Coast using the valuations as part of its decisions relating to annual rate bills.
The top 10 best-performing suburbs in the Gold Coast were:
The 10 suburbs that recorded the lowest property value increases were:
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