Southport Property Market Update 1st Half 2025
Southport offers stunning waterfront views, beautiful parks, and easy access to both vibrant shopping districts and the pristine beaches of the Gold Coast. It's a fantastic place to enjoy a balanced lifestyle with its blend of urban amenities and coastal living.
Property Trends
In Q4 2024, Southport recorded a median house price of $1,076,000 and a median unit price of $676,500. This represents an annual (Q4 2023 - Q4 2024) growth of 1.5% for houses and 14.4% for units. Units saw a higher price growth than houses, due to buyers switching their focus to units; as there is low house stock available. Comparing Q4 2023 and Q4 2024, total sales declined by -8.8% to (83 sales) for houses and -12.7% (to 426 sales) for units. This confirms an undersupplied market in Southport, for both property types, which created a buffer against higher interest rates. Now is an ideal time for owners to transact in the market.
Project Development
Southport will see approximately $861.1M of new projects commencing construction in 2025. Despite several residential projects planned in Southport, they will only add new units/apartments (480) and townhouses (61). At present, there are no new ready-to-sell houses in the 2025 development pipeline. This will exacerbate the current house undersupply, which will push both median house and unit prices higher.
Rental Market & Growth
House rental yields in Southport was 3.9% as of December 2024, higher than the Gold Coast (3.4%) and Brisbane Metro (3.2%). Median house rental price did soften slightly, by -2.9% in the past 12 months to Q4 2024, to $675 per week. This is due to current economic conditions, which creates an opportunity for renters. That said, the number of houses rented has declined by -9.0% (to 111 rentals), which suggests there is still room for investors to enter the market.
Vacancy Rates & Property Investment
Southport recorded a vacancy rate of 0.8% in December 2024, below the Gold Coast City LGA average of 1.1% and Brisbane Metro’s 1.2%. Vacancy rates have increased in the past 12 months, due to investors returning to the market. That said, a 0.8% vacancy rate is significantly below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating a tight rental demand and quicker occupancy of rental properties in the Southport market. This creates a conducive and sustainable environment for investors.
