The Runaway Bay (postcode 4216) market recorded a median house price of $810,000 and $462,500 for units in Q4 2017, representing an annual price change of 8.0% and 3.2% respectively. Over the same period of time (Q4 2016 – Q4 2017), house prices in the Gold Coast City LGA grew by 4.9% to $645,000 while unit prices remained stable at $415,000. Compared to the Gold Coast City LGA, Runaway Bay property market is a premium and sought-after market, with owners-occupiers and investors benefiting from stronger capital growth.
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