Gold Coast house price growth strongest in Coombabah, Burleigh Heads: JLL
House price growth for the Gold Coast was strongest in Coombabah, Burleigh Heads and Mermaid Waters for the year to November, according to JLL.
JLL's Queensland Residential Market Report for February said other highly priced suburbs have shown less growth, with Palm Beach up 3.7 percent, Tugun up 0.7 percent, while Surfers, Bundall, Broadbeach and Tallai had minimal growth of 2.1 percent to 2.8 percent.
"Outside of the metropolitan area, median house price growth in the year to November (CoreLogic) was most evident in the Gold Coast, averaging $626,000, up 6.9 percent, and the Sunshine Coast, averaging $558,000, up 5.1 percent. Toowoomba median house prices were $420,000, up 4.2 percent," it said.
"Conditions in Cairns are improving and the median house price of $424,000 was up 4.9 percent in the year to November.
"Most areas have registered single digit growth in the past year but Mackay is down 11.5 percent to $361,000, Gladstone is down 5.7 percent to $396,000, and Rockhampton is down 2.0 percent to $319,000."
