Northern Gold Coast: the story of a heavily undersupplied market
The Northern Gold Coast (postcodes 4208, 4209 and 4212) offers a family-friendly area with established schools, major shopping centres such as Westfield Coomera, expanding health services, and convenient M1 and train access to both Brisbane and central Gold Coast. The Northern Gold Coast property market has seen a significant price increase in the past 5 and 10 years, and many buyers are now priced out of suburbs such as Ormeau, Coomera/Pimpama, and Helensvale.
What have caused such growth in the Northern Gold Coast corridor?
Key Findings:
- As of 2025, the Northern Gold Coast house market ($1.1M) is the most affordable house market when compared to Greater Brisbane ($1.35M), Gold Coast ($1.51M), and Southern Gold Coast (1.75M). Its units’ market is on par with Gold Coast and have become a premium compared to Greater Brisbane.
- The Northern Gold Coast house market grew by 12.2% in the past 12 months to 2025, by 89.0% in the past 5 years, and 123.0% in the past 10years. Median house price continued to increase in 2022 and 2023, when cash rates increased 13 times.
- Northern Gold Coast unit market is 24.1% more affordable than its house market, with a $835,000 median price in 2025. This creates an opportunity for first home buyers who are looking to enter the market.
- That said, the Northern Gold Coast unit market grew by 4.0% 12-month growth to 2025, 59.5% growth in the past 5 years, and 113.9% growth in the past 10 years. This suggests strong long-term growth, which is unusual for units.
- Northern Gold Coast saw a spike in sales in 2021, at 3,875 house sales and 2,255 unit sales. 2025 sales saw a -36.2% drop for houses and -49.6% even bigger drop for units; indicating price growth is due a severely undersupplied market.
- There is only a total of 1,246 new units/apartments, 540 new townhouses, and 12 new houses planned for construction in 2026-2027. Compared to 2025 sales of 2,472 houses and 1,136 units; this will not be enough to answer demand.
According to Dr Diaswati Mardiasmo, Chief Economist: “The Northern Gold Coast corridor have become a hotspot for many buyers, due to its previous / original affordability when compared to other areas in the Gold Coast. Unfortunately, supply have not kept up with demand, the reason why prices have increased and proved to be extremely resilient”.
PRD Helensvale Principal Pat Reynolds agrees, stating that “it’s not greed that is fuelling prices in the area, it’s because we simply do not have enough houses. And many buyers with a house budget turn their attention to units and townhouses, which pushes up prices for those stock types as well”.
In the past 10 years, there has been a consistent imbalance in supply and demand in the Northern Gold Coast market. The number of house and unit sales is consistently higher than supply, with the largest gap occurring in 2021; where a shortfall of 5,082 homes was observed. Further, the number of stand-alone houses planned for construction declined sharply, from 2,006 in 2015 to only 12 in 2026-2027. This suggests that there is a structural undersupply in the market, which places continuous upward pressure on prices.
