Southport Property Market Update 2nd Half 2025
Southport is the most populous suburb in the City of Gold Coast, in Queensland, with a population of 36,786 people (as of ABS Census 2021). Just north of Surfers Paradise, it is one of the major business hubs and overlooks the dazzling Broadwater and Southport Spit.
Property Trends
In Q2 2025, Southport recorded a median house price of $1,220,000 and a median unit price of $710,000. This represents an annual (Q2 2024 – Q2 2025) growth of 6.1% for houses and 5.0% for units, creating an ideal opportunity for owners to capitalise on their investments. Comparing Q2 2024 and Q2 2025, total sales increased by 3.4% (to 90 sales in Q2 2025) for houses, underscoring strong demand. Given that no new dwellings are planned for 2025, buyers must act fast. Unit sales declined by -35.7% (to 301 sales in Q2 2025), which confirms an undersupplied market for units in Southport. This has created a buffer against higher interest rates, thus continued median unit price growth.
Project Development
Southport will see approximately $1.1B of new projects commencing construction in 2025. Although there are several residential projects planned in Southport, they will contribute only 343 apartments and 31 townhouses. At present, there are no new stand-alone dwellings planned for 2025. Comparing this and the number of house and unit sales, the number of new stock planned cannot meet growing demand. Thus, an undersupply is very likely, pushing up property prices even further for all stock types.
Rental Market & Growth
House rental yields in Southport were 3.8% as of June 2025, on par with Gold Coast (3.8%) but higher than Brisbane Metro (3.2%). This is paired with a 6.3% growth in the median house rental price in the past 12 months to Q2 2025, to $850 per week, and a -46.6% decrease in the number of houses rented (to 86 rentals). Average days on the market has declined to a historical low level of 20 days. There is an undersupplied house rental market, benefitting investors.
Vacancy Rates & Property Investment
Southport recorded a vacancy rate of 0.8% in June 2025, below the Gold Coast Main average of 1.7% and Brisbane Metro’s 0.9%. Vacancy rates have increased in the past 6 months, due to investors returning to the market. That said, a 0.8% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating a tight rental demand and quicker occupancy of rental homes in Southport. This creates a conducive environment for investors, even if house and unit sale prices have increased in the past 12 months to Q2 2025.
Popular
Connect with us
