During the 12 months to end January, 1,167 units changed hands in Surfers Paradise compared to just 526 sold in Sydney. Melbourne topped the charts with 1,185 units sold over the same period.
Property prices in Surfers Paradise have also stabilised over the past 12 months, which suggests an upturn could be in the offing.
Based on a number of indicators such as stock and time on market, which have been steadily falling, the Gold Coast appears to have bottomed out towards the end of 2012 when vendors were desperate to attract buyers.
At the current median unit price of $351,780 and a typical yield of around 6%, it’s certainly a market worth watching.
See graph below:
| State | Suburb | Property Type | Number Sold | Median Price | 12-Month Growth | Gross Rental Yield |
| VIC | Melbourne | Unit | 1,185 | $405,000 | -1% | 6% |
| QLD | Surfers Paradise | Unit | 1,167 | $351,780 | -1% | 5% |
| VIC | Pakenham | House | 806 | $330,000 | 0% | 5% |
| NSW | Port Macquarie | House | 792 | $406,000 | 3% | 5% |
| VIC | Berwick | House | 757 | $450,000 | 0% | 4% |
| NSW | Dubbo | House | 684 | $280,500 | 4% | 6% |
| VIC | Point Cook | House | 684 | $455,000 | 2% | 4% |
| VIC | Frankston | House | 677 | $344,000 | 1% | 5% |
| VIC | Mildura | House | 667 | $225,000 | 0% | 6% |
| NSW | Sydney | Unit | 526 | $635,500 | 15% | 5% |
