Media Release | Major infrastructure investment signals turning point for Gold Coast land supply

The Gold Coast residential land market is entering a more optimistic phase following years of severe undersupply, with major Queensland Government infrastructure investment expected to unlock thousands of new homes across the city.

The Queensland Government has committed $146 million to fast-track more than 18,900 Gold Coast homes under round two of the Residential Activation Fund.

The funding will support essential infrastructure across Coomera, Pimpama, Robina and Worongary, as well as an upgrade to the Merrimac sewage treatment plant. It represents the most significant state investment in the city’s enabling infrastructure in decades.

Oliver Hume Chief Economist Matt Bell said the funding arrived at a critical time for a market that had been constrained by a limited pipeline of development-ready land.

“The Gold Coast has experienced a prolonged shortage of new residential land, despite continuing demand from local buyers and people moving to the region,” Mr Bell said.

“Only 68 homesites were available for purchase at the end of the June quarter, down from 92 at the end of March. That represents a 35 per cent reduction in available supply in just three months.

“Against that background, the government’s commitment to fund essential infrastructure is an important step towards restoring a healthier supply pipeline and improving housing choice.”

Oliver Hume research recorded 70 new land sales on the Gold Coast during the June quarter, compared with 1,216 across the broader South East Queensland market.

The Gold Coast median lot price was $820,000, down 8.8 per cent from $899,000 in the March quarter. However, it remained 16 per cent higher than the $707,000 recorded in June 2025.

By comparison, the South East Queensland median increased 3.2 per cent during the quarter to $544,900 and was 22.6 per cent higher over the year.

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Median Prices June Qtr. 2026^*

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Median Price/ SQM June Qtr. 2026^*

*Selected Municipalities. SOURCE: Oliver Hume Research.

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Mr Bell said the quarterly reduction in the Gold Coast median represented a welcome stabilisation after a period of rapid price escalation, although the figures continued to be influenced by the small number and changing mix of lots sold.

“A quarterly fall in the median should not be viewed as a broad deterioration in market conditions,” he said. The Gold Coast recorded only 70 sales during the quarter, so changes in the location, size and type of lots reaching the market can have a significant effect on the headline median.

“The more important measure is the annual trend. Prices remain 16 per cent higher than a year ago, reflecting the persistent imbalance between buyer demand and the limited supply of new homesites.”

The median size of lots sold on the Gold Coast during the June quarter was 468 square metres, compared with 400 square metres across South East Queensland.

The median price per square metre reached $1,752, up 27.1 per cent over the quarter and 26.9 per cent over the year. Available Gold Coast lots had a median asking price of $1.199 million at the end of June, up 21 per cent from $995,000 in March.

Oliver Hume Queensland General Manager Dan Ross said the infrastructure funding could help accelerate projects that had been delayed or constrained by the cost and availability of essential services.

“The Gold Coast does not have a demand problem. It has a shortage of serviced, development-ready land,” Mr Ross said.

“Funding roads, sewerage, water and other enabling infrastructure is fundamental to turning planned communities into new homes.

“This investment provides greater confidence to developers, builders and homebuyers that more supply can be brought to market across some of the city’s most important growth areas.”

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Available Lots – Gold Coast

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Mr Ross said the concentration of funding across Coomera and Pimpama would support the continued development of the northern Gold Coast, while investment in Robina, Worongary and Merrimac would help unlock opportunities in established parts of the city.

“The Gold Coast needs a broad and sustained housing pipeline rather than isolated releases,” he said. “With only 68 homesites available at the end of June, new projects will need to move from planning to delivery as quickly as possible.

“The Residential Activation Fund is a very positive development, but continued coordination between state and local government, utilities and the development industry will be essential to translate this investment into completed homes.”

Mr Bell said increasing supply would support the Gold Coast’s long-term economic growth while giving buyers greater choice across different locations and price points.

“Demand for the Gold Coast lifestyle remains strong, but limited supply has placed significant pressure on affordability,” he said.

“The latest funding creates genuine grounds for optimism. The next challenge is ensuring the infrastructure is delivered quickly and the 18,900 identified homes progress to market.”

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ENDS

Media enquiries:

Lilly Mackay

Oliver Hume Property Group

0437 899 949

Ben Ready                                                                                                                    

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0415 743 838

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