Average price trends
950,000
Jan
900,000
Feb
1 M
Mar
What are the property taxes in Gold Coast and are there any other ongoing costs I should consider?
In Gold Coast, property taxes, commonly known as Council rates, vary but expect to pay around $1600-$ 2500 AUD annually. Other ongoing costs include water and sewerage charges, typically around $300-$ 800 AUD yearly, and if you buy within a community title scheme, body corporate fees also apply, which can range from $2000-$ 6000 AUD yearly depending on amenities and location.
What types of upfront costs and fees will I have to pay when purchasing a property in Gold Coast?
When purchasing a property in the City of Gold Coast, you may incur several upfront costs including a deposit (usually 10% of the purchase price), stamp duty, legal fees, building and pest inspection fees, and loan application fees. The exact amounts vary based on the property's price and other factors. Always budget extra for these expenses.
How does the Gold Coast property market compare to ther regions in the Australia?
The Gold Coast property market exhibits a median house price of approximately $ 905,000 AUD, compared to Sydney's median of $1.3 million AUD and Melbourne's $ 799,000 AUD. This places the Gold Coast as a moderately priced option for property investment, blending lifestyle and affordability relative to Australia's largest capital cities.
How competitive is the Gold Coast property market?
The property market in Gold Coast, Queensland, Australia, is highly competitive, noted for its tight inventory and increasing demand. As of January 2023, the median house price had risen to $ 850,000 AUD, while unit prices reached $ 520,000 AUD. Desirable coastal areas like Broadbeach and Surfers Paradise fetch premium prices, evidencing stiff competition among buyers vying for locations with beach access and city amenities. (propertyvalue.com.au)
