Coolangatta Property Market Update 1st Half 2025
Coolangatta offers breathtaking coastal views and a vibrant beach culture, perfect for those who love the ocean and surfing. With its charming cafes, community events, and proximity to the Gold Coast, Coolangatta is a blend of relaxation and excitement.
Property Trends
In Q4 2024, Coolangatta recorded a median house price of $1,420,000 and a median unit price of $810,000. This represents an annual (Q4 2023 – Q4 2024) price growth of 9.2% for houses and 6.6% for units. This indicates that now is an ideal time for owners to capitalize on their investments. Comparing Q4 2023 and Q4 2024, total sales declined by -0.4% for houses (to 471 sales in Q4 2024) and -2.9% for units (to 1,740 sales in Q4 2024). This indicates an undersupplied market, creating a buffer against higher interest rates. With very little new stand-alone houses planned, buyers should act fast, before there is further price growth across all property types.
Project Development
The Gold Coast Local Council area will see approximately $11.0B of new projects commencing construction in 2025. In total, approx. 6 townhouses and 538 units are planned in Coolangatta suburb. Only 49 houses are planned in all nearby areas, of postcode 4225. Although this will assist with some demand, it does not fulfill the need for new ready-to-sell houses. Thus, houses will remain undersupplied, which will push up property prices (including units and townhouses) in the area.
Rental Market & Growth
House rental yields in Coolangatta was 2.4% as of December 2024. This is paired with a -14.9% decline in median house rental price in the past 12 months to Q4 2024, at $885 per week. During this same time, the number of houses rented decreased, by -14.3% (to only houses in Q4 2024). A softer median house rent provides some relief to renters. That said, the number of houses has declined, which indicates an undersupplied house rental market in Coolangatta. Thus, there is still room for investors to enter the market.
Vacancy Rates & Property Investment
Coolangatta recorded a vacancy rate of 0.7% in December 2024, lower than the Tweed Shire average of 1.0% and Gold Coast Main’s average of 1.1%. Vacancy rates fluctuated in the past 12 months, but overall declined, indicating an even tighter the market. Further, a 0.7% vacancy rate is still well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, thus there is quicker occupancy of rental properties in Coolangatta. This creates a conducive environment for investors, even with a softer median house rental price in the past 12 months to Q4 2024.
