Southport Property Market Update 2nd Half 2026
Southport is the most populous suburb in the City of Gold Coast, 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 2026, Southport recorded a median house price of $1,300,000 and median unit price of $815,000. This is an annual (Q2 2025 – Q2 2026) price growth of 6.4% for houses and 11.6% for units. Comparing Q2 2025 and Q2 2026, sales declined by -46.9% for houses (52 sales) and -41.8% for units (276 sales). This confirms a clear undersupply of both property types, which has helped support price growth even with multiple cash rate hikes in 2026. This creates an ideal opportunity for owners to capitalise on their investments. There is a limited number of ready-to-sell houses planned in the 2026 pipeline. Prices are highly likely to increase further; thus, buyers need to act fast.
Project Development
Southport will see approximately $435.1M of new projects commencing construction in 2026. Despite many residential projects in the pipeline, there are only 3 new houses planned. This is not enough to answer demand for houses, compared to the 52 sold in Q2 2026. Because of this, many buyers may redirect their interest to units. New units take time to develop, especially with the current construction challenges. Therefore, property prices are more likely to increase, especially in the short term.
Rental Market & Growth
House rental yield in Southport was 3.3% as of June 2026, lower than Gold Coast (3.9%) but higher than Brisbane Metro (3.1%). This is paired with a 1.2% growth in the median house rental price in the past 12 months to Q2 2026, at $860 per week, and a -22.5% decline in the number of houses rented (to 100 rentals). Average days on the market has declined to a historical low of 20 days. There is an undersupplied house rental market, benefiting current and future investors.
Vacancy Rates & Property Investment
Southport recorded a vacancy rate of 0.9% in June 2026, below the Gold Coast Main average of 2.2%, but on par with Brisbane Metro’s 0.9%. Vacancy rates in the past 6 months have increased slightly, due to investors re-entering the market. However, a 0.9% vacancy rate is significantly below the 3.0% benchmark, indicating quicker occupancy of rental homes in Southport. This creates a conducive environment for investors, even if the median house and unit sale prices (thus, entry prices) have increased in the past 12 months to Q2 2026.
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