The most expensive suburbs of the Gold Coast

It's no secret the Gold Coast real estate market is booming. And more and more suburbs are joining the million dollar club. Here are the 5 fastest growing suburbs as well as a full list of all the suburbs where the median house price now surpasses the million dollar mark.

Million dollar suburbs of the Gold Coast — Alston at 5 McMillan Court, Southport, holds the QLD house price record at $24 million. Source: realestate.com.au

The fastest growing suburbs of the Gold Coast

Looking at the median house price growth over a 6-month period since December 2020, here are the top 5 suburbs that recorded the highest growth.

1. Burleigh Heads

The median house price in Burleigh Heads increased by 26% in just six months, from $928,750 to $1,170,000 at the end of June 2021. In 2016 the median house price in Burleigh was $725,000 that's a growth of 61% in less than five years.

2. Bundall

In the last six months Bundall recorded a growth of 25% in median house price, from $1,065,000 in 2020 to $1,330,000 by the end of June.

3. Mermaid Waters

Also joining the million dollar club in 2021 is Mermaid Waters with a median house price of $1,175,000 by the end of June, compared to a median price of $950,000 in 2020 that's an increase of 24%. Since 2016 the median house price grew by 55% from $760,000.

4. Main Beach

Main Beach has been a million dollar suburb for a while, but in 2021 it is the first suburb to break the 2-million dollar median house price record. In just six month the median house price here grew by 18% from $1,775,000 to $2,100,000. Five years ago the median was $1,335,000.

5. Gaven

The only suburb in the top 5 where the median house price is still below the million dollar mark is Gaven. This suburb recorded a growth of 18% in the past six months, from a median house price of $770,000 in 2020 to $910,000 at the end of June. Since 2016 the median price increased by 48% from $615,000.

A couple of notable mentions...

Just losing out on the top five are Palm Beach and Burleigh Waters. But both deserve a mention breaking the million dollar mark in 2021 with a respective median house price of $1,140,000 and 1,082,500 by the end of June.

Million Dollar Suburbs of the Gold Coast

As the Gold Coast continues to grow, so do the number of suburbs where the median house price is over the million dollars. Just in the first 6-months of 2021, nine suburbs joined the club. Here are all the Gold Coast suburbs where the median house price now surpasses 1 million dollars.