By Rich Harvey, CEO & Founder, propertybuyer.com.au
For decades, the New South Wales Central Coast region was in a property market holding pattern. It was flying under the radar of homebuyers and investors alike. But COVID’s significant upheaval brought the region into the limelight. Now, a raft of drivers across the political and economic spectrum will deliver exciting times to the Central Coast – and those who own property will be among the biggest beneficiaries.
Anthony Knight, Principal buyers’ advocate for Propertybuyer on the Central Coast, has lived in the region for decades. We recently chatted about the region and why he’s excited about what’s to come.
It’s well known among property professionals that thoughtful, well-planned infrastructure can help drive price growth in certain locations. It could be a transport project that brings a suburb “closer” to other centres, or an upgrade to local community facilities attracting new residents to an area.
Right now on Queensland’s Gold Coast there are several major infrastructure projects underway. The whole region has long been a sought-after location for its beaches, vibrant lifestyle, and tourist attractions. But beyond the usual hotspots like Surfers Paradise and Broadbeach, a transformation is happening because of these significant infrastructure projects. For savvy buyers and investors, these developments signal an opportunity to enter markets poised for growth.
I had a chat with Angela Murray, Propertybuyer’s Senior Buyers' Advocate on the Gold Coast. She shared her expert insights on which suburbs are most likely to benefit from the upgrades.
The Gold Coast Light Rail Expansion
The Gold Coast Light Rail project is extending its reach, with stage three underway to connect Broadbeach South to Burleigh Heads. This extension will open new areas via improved connectivity, reducing reliance on cars and boosting property demand in once-overlooked suburbs.
Looking further ahead, stage four proposes to continue the line from Burleigh to Coolangatta, linking more suburbs along the southern corridor. Proximity to these new stations is expected to become a key driver for property value appreciation, with improved convenience attracting both homeowners and renters.
Angela said the region in general will benefit, but there are certain suburbs buyers should have on their watch lists.
Burleigh Waters is already a popular location, but the light rail will only enhance its appeal as a hub for young professionals and families. The median house price in Burleigh Waters is $1.545 million. Angela said buyers can expect continued value gains here in this sought-after location.
Palm Beach carried a bit of a stigma many years ago, but that’s long past and it is now among the most desirable addresses south of Broadbeach. Known for its beachside vibe, new transport links will make it even more attractive to buyers, especially investors targeting the holiday rental market. The median house price here is $1.77 million.
Tugun’s appeal is all about position and convenience. With its proximity to Coolangatta and the Gold Coast Airport, Tugun stands to benefit significantly from the future light rail extensions which will bring many of those magnetic centres to the north “closer” to Tugun in terms of travel times. Tugun’s median house price is currently $1.35 million.
Other Key Infrastructure Projects
Of course, the light rail isn’t the only game-changer. Several other infrastructure projects are set to boost the region's liveability.
The M1 Pacific Motorway upgrades have been ongoing between Varsity Lakes and Tugun for some time now. While the inconvenience of the works has some locals frustrated, the upgrades have progressively improved traffic flow and reduced travel times, making southern Gold Coast suburbs more accessible for commuters and families.
The Gold Coast Airport expansion is focused on boosting international capacity, further elevating tourism on the Gold Coast. The airport's redevelopment will support and create jobs in the sector, driving demand for housing in nearby suburbs like Bilinga and Coolangatta.
The Health and Knowledge Precinct is anchored around Griffith University and the Gold Coast University Hospital in Southport. This precinct continues to fuel demand for housing, particularly in Southport, Ashmore, and Molendinar.
Angela has some suburb picks that are set to benefit from these works.
Labrador’s proximity to Southport and ongoing gentrification will attract plenty of buyer interest. Labrador also offers excellent value for investors seeking a mix of residential and rental opportunities. The median house price here is $1.125 million.
Arundel benefits from proximity to both the light rail and the M1, so that’s a double boost to the area. Its family-friendly appeal makes it a solid choice for long-term capital growth. Arundel’s median house price currently sits at $1.07 million.
Varsity Lakes is already a favourite among professionals and students, but infrastructure improvements will further boost its appeal. The house price median here is $1.174 million.
Top Tips for Gold Coast Buying
Angela said there’s plenty of opportunity on the Gold Coast, but investors should rely on a few local fundamental guidelines when selecting a location and an asset.
Firstly, prioritize transport links. Properties within walking distance of new light rail stations or bus hubs often see higher demand and better rental yields.
Next, look beyond the headlines. Established areas like Burleigh Heads may see steady growth, but emerging suburbs like Reedy Creek or Merrimac could offer better entry points for future upside.
Angela adds that smart buyers also know how to assess lifestyle appeal on the Gold Coast. This region is synonymous with lifestyle. Consider amenities like parks, beaches, schools, and dining options when choosing investment locations.
The Gold Coast’s evolving infrastructure is creating new opportunities for homeowners and investors alike. By identifying suburbs benefiting from the light rail extension and other major projects, you can position yourself for strong capital growth and rental returns.
Whether you’re looking to enter the market or expand your portfolio, the time to act is now, but don’t buy solo. Instead, draw on the expertise and networks of a local specialist. Angela has the experience and contacts to ensure your next buy shines as brightly as the sun on a sandy Gold Coast shoreline.
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