The Gold Coast, renowned for its stunning beaches and vibrant lifestyle, is home to some of Australia’s most prestigious and expensive suburbs. But we want to know which are the most expensive suburbs on the Gold Coast.
As the demand for premium real estate grows, certain areas stand out for their high property values and exclusive living conditions.
In this article, we will explore the most expensive areas on the Gold Coast, highlighting their unique features and what makes them desirable places to live or invest in.
Suggested Reading: Looking for homes under a budget? Check out our round up of houses for sale in Gold Coast under $700,000.
Suburbs with Million-Dollar Median House Prices
| Suburb | Median House Price | Price Change Past Year |
|---|---|---|
| Surfers Paradise | $2.92 million | +4.8% |
| Mermaid Beach | $2.63 million | -20.2% |
| Broadbeach Waters | $2.11 million | +7.3% |
| Clear Island Waters | $2.02 million | -1% |
| Tallebudgera Valley | $1.85 million | -15.4% |
| Guanaba | $1.73 million | -18.6% |
| Mermaid Waters | $1.7 million | +6.3% |
| Paradise Point | $1.58 million | -12.6% |
1. Surfers Paradise
- Median House Price: $2.92 million
- Price Change: +4.8%
Surfers Paradise is the epitome of luxury living on the Gold Coast, with its iconic beachfront, vibrant nightlife, and high-end shopping. It’s one of the Gold Coast suburbs everyone loves to love.
This suburb is highly sought after by both local and international buyers, solidifying its place as one of the most expensive suburbs on the Gold Coast.
The unit market is also thriving, offering a more affordable entry point at a median price of $645,000, which has seen a remarkable growth of 14.2%.
| Attractions | Beachfront, vibrant nightlife, high-end shopping |
| Transport Options | Well-connected by buses and trams, approx. 30 mins to airport |
| Investment Potential | High demand for residential and rental properties |
You can explore more real estate for sale in Surfers Paradise QLD 4217.
2. Mermaid Beach
- Median House Price: $2.63 million
- Price Change: -20.2%
Here’s one of the best suburbs on the Gold Coast. Located just south of Surfers Paradise, Mermaid Beach offers a quieter, yet equally luxurious lifestyle. Despite a significant dip in house prices, the area remains highly desirable due to its pristine beaches and upscale amenities.
The median price for units in Mermaid Beach is $760,000, reflecting a 5% decline, but still presenting a valuable investment opportunity.
| Attractions | Easy beach access, upscale cafes and restaurants, family-friendly parks |
| Transport Options | Served by bus routes, convenient access to Gold Coast Highway |
| Investment Potential | High demand for family homes and vacation properties |
You can explore more real estate for sale in Mermaid Beach QLD 4218.
3. Broadbeach Waters
- Median House Price: $2.11 million
- Price Change: +7.3%
Broadbeach Waters combines central location with an array of amenities, making it one of the best suburbs to live on the Gold Coast.
The suburb has seen positive growth in both house and unit prices, with units reaching a median price of $755,000 after an 8% increase. Its appeal lies in the abundance of new developments and its proximity to Broadbeach’s entertainment precinct.
| Attractions | Proximity to Broadbeach, canal frontage, recreational facilities |
| Transport Options | Well-serviced by buses and near the G:link tram |
| Investment Potential | Desirable location for buyers and renters, continuous new developments |
You can explore more real estate for sale in Broadbeach Waters QLD 4218.
4. Clear Island Waters
- Median House Price: $2.02 million
- Price Change: -1%
Clear Island Waters offers a tranquil lakeside lifestyle away from the beach. Despite a slight decrease in house prices, the suburb remains popular for its peaceful environment and upscale living.
Units in Clear Island Waters have seen a 4% increase, bringing the median price to $785,000.
| Attractions | Lakeside living, serene water views, close to golf courses |
| Transport Options | Limited bus services, car travel preferred |
| Investment Potential | Attractive to retirees and families seeking tranquility, consistent demand |
You can explore more real estate for sale in Clear Island Waters QLD 4226.
5. Tallebudgera Valley
- Median House Price: $1.85 million
- Price Change: -15.4%
Known for its expansive hinterland estates, Tallebudgera Valley provides a serene escape with a touch of luxury. Although house prices have declined significantly, the area’s natural beauty and privacy continue to attract buyers.
The suburb’s unique appeal lies in its large block houses, making it a prestigious choice for those seeking space and tranquillity.
| Attractions | Stunning hinterland views, large properties, privacy |
| Transport Options | Car travel essential, close to national parks and trails |
| Investment Potential | High appeal for buyers seeking luxury and privacy, opportunity for future growth |
You can explore more real estate for sale in Tallebudgera Valley QLD 4228.
6. Guanaba
- Median House Price: $1.73 million
- Price Change: -18.6%
Guanaba offers rural charm with large properties and a remote feel, yet it remains accessible to the city. Despite the substantial drop in house prices, it remains a highly desirable area due to its unique blend of rural and suburban living.
| Attractions | Rural charm, large properties, scenic views |
| Transport Options | Car travel essential, relatively short drive to urban amenities |
| Investment Potential | Attractive for those seeking a rural lifestyle with city access, potential for property value increase |
You can explore more real estate for sale in Guanaba QLD 4210.
7. Mermaid Waters
- Median House Price: $1.7 million
- Price Change: +6.3%
Mermaid Waters is an upscale, family-friendly neighborhood located just inland from Mermaid Beach.
The suburb has seen steady growth in house prices and high demand for units, which have risen by 12.4% to a median price of $725,000.
Its appeal lies in its proximity to the beach and excellent amenities.
| Attractions | Family-friendly parks, proximity to Mermaid Beach, shopping and dining |
| Transport Options | Good bus services, convenient access to major roads |
| Investment Potential | High demand for family homes, consistent property value growth |
You can explore more real estate for sale in Mermaid Waters QLD 4218.
8. Paradise Point
- Median House Price: $1.58 million
- Price Change: -12.6%
A picturesque waterside suburb, Paradise Point offers a relaxed lifestyle away from the central hustle of Surfers Paradise and Broadbeach.
Despite a drop in house prices, the suburb remains popular, with unit prices growing by 14% to $865,000. Its scenic beauty and waterfront properties make it an attractive option for buyers.
| Attractions | Beautiful water views, parks and cafes, tranquil lifestyle |
| Transport Options | Bus services available, easy drive to major areas and beaches |
| Investment Potential | High demand for waterfront properties, opportunities for long-term investment |
Is the Gold Coast Property Market Booming?
Population Growth
The Gold Coast is experiencing significant population growth, driven by overseas immigration and strong interstate migration. This influx of new residents, particularly affluent retirees and professionals, is fueling demand in the most prestigious suburbs.
Supply & Demand
Unlike larger cities like Sydney and Melbourne, the Gold Coast has a limited supply of new constructions. The slow addition of new homes, coupled with rising building costs, has driven prices up in the most desirable suburbs.
Lifestyle Appeal
The Gold Coast offers an enjoyable lifestyle with good weather, urban amenities, and beautiful beaches. The slower pace of life compared to larger cities draws many to the area, seeking a balance between city convenience and coastal relaxation.
Luxury Developments
Ongoing luxury developments near the beach and other prime locations continue to attract buyers willing to pay a premium for high-end living spaces with a range of amenities.
FAQ Section on The Most Expensive Suburbs on the Gold Coast
What is the richest suburb in Gold Coast?
Surfers Paradise and Mermaid Beach are the richest suburbs in the Gold Coast. Other notably expensive suburbs include Clear Island Waters, Cronin Island, Broadbeach Waters, Tallebudgera Valley, Bundall, Mermaid Waters, Paradise Point, and Guanaba.
What is the best suburb in Gold Coast?
Broadbeach is highly recommended for its luxurious lifestyle and upscale real estate with stunning ocean views. Other top suburbs include Burleigh Heads, Mermaid Beach, Southport, Robina, and Springbrook.
What is the most expensive suburb in QLD?
Teneriffe is the most expensive suburb in Queensland with a median house price of $3.74 million, followed by Chandler which has a median price of $2.92 million.
What is the richest street on the Gold Coast?
The richest street on the Gold Coast is Oceanfront Hedges Ave at Mermaid Beach, often referred to as Multimillionaire’s Row. The buy-in here reached as high as $10.5 million. Albatross Ave and other affluent areas include Surfers Paradise, Hope Island, and Carrara.
