Corelogic releases it’s Regional Market Update every quarter, providing critical market information about regional markets, including the Gold Coast.

The latest report provides some interesting insights about the Gold Coast market, let’s take a look at what it says:

House prices are still increasing but at a slower rate

The current median price for a home on the Gold Coast sits at $1,020,825, an increase of 0.8% in the last quarter, compared to a 3.1% increase in the previous quarter.

House prices are still up 10.5% in the last 12 months and a whopping 79.9% in the last 5 years.

Rental prices decreased slightly in the last quarter

The median rental price on the Gold Coast is $833 p/w, a decrease of -0.6% from the previous quarter.

Rental prices are still up in the last 12 month period 5.2% in the last 12 months, suggesting potentially slower growth.

Time on market and vendor discounting is stable

The median days on market sits at 25 days, the same as last quarter. This is down slightly from 29 days this time last year.

Vendor Discounting also sits at -3.3%, down from -4.0% 12 months ago.