From $90k to $735k: Gold Coast’s cheapest suburbs revealed

Queensland’s cheapest median prices have been revealed in latest PropTrack data.

Homebuyers searching for bargains won’t find many cheaper than one Gold Coast suburb, where units are priced at a shock median of just $90k and houses at $150k in an otherwise surging market.

New data from PropTrack reveals the 20 cheapest suburbs on the Gold Coast still offer some relative affordability, with South Stradbroke’s median a rare outlier in an otherwise heaving market on the coast.

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Two homes, pool, beach – sold for just $340k 10km from CBD

REIQ CEO Antonia Mercorella said many affordable suburbs had outdated reputations. Picture: Liam Kidston

Prices jump sharply after that, with Stapylton’s house median the next cheapest at $420,000 – still well below the Gold Coast average – though every other “affordable” option is for units.

Oxenford median units hover around $680,000, while Ormeau close on $684,000, Coomera’s at circa $690,000 along with Tallai, Southport, Bundall and Nerang.

Pimpama, Coombabah, Ashmore, Helensvale, Parkwood, Biggera Waters, Labrador, Highland Park, Upper Coomera, Tamborine Mountain and Pacific Pines go from $700k-$735k – showing how quickly affordability narrows in this coastal region.

For buyers eyeing the Gold Coast, these 20 cheapest pockets offer some of the last footholds in a region where property prices have surged beyond reach for many as it chases down Sydney-style medians.

Real Estate Institute of Queensland CEO Antonia Mercorella said many affordable suburbs were carrying old local reputations that no longer reflect today’s market.

This one-bedroom unit at 512/22 View Avenue, Surfers Paradise, sold earlier this month for $225,000.

“We are hearing first home buyers are increasingly looking further afield for housing options they can afford in the outer suburbs, readjusting their expectations around their preferred suburbs and perhaps recognising potential for growth and gentrification over time.”

She said “it can help to get to really know a suburb, rather than relying on stereotypes”.

Ms Mercorella said “over the past five years, Queensland’s property price growth has been unrelenting and while the pace has slowed, it has far from stopped”.

“When property prices rise faster than household income growth, the reality is that housing affordability deteriorates and the strain of entering the market intensifies.”

She said Greater Brisbane’s dwelling value to income ratio went from 8.2 in 2024 to 8.6 in 2025, while the rest of Queensland experienced an increase from 7.8 in 2024 to 8.2 in 2025.

“This means that the median dwelling value is more than 8 times higher than the typical annual household income.”

She warned that attributes that appeal to first home buyers also attract downsizers and investors. “Often the lower end of the market has the highest levels of competition.”

Gold Coast 20 cheapest suburb:

South Stradbroke U $90,000

South Stradbroke H $150,000

Stapylton H $420,000

Oxenford U $680,000

Ormeau U $684,000

Coomera U $690,000

Tallai U $690,000

Southport U $691,000

Bundall U $695,000

Nerang U $698,500

Pimpama U $700,000

Coombabah U $700,000

Ashmore U $705,000

Helensvale U $707,500

Parkwood U $710,000

Biggera Waters U $710,000

Labrador U $712,423

Highland Park U $725,000

Upper Coomera U $730,000

Tamborine Mountain U $730,000

Pacific Pines U $735,000

(Source: PropTrack)

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