Record Growth Amid Economic Challenges
Lacey West Real Estate has reported record growth in the first quarter of 2026 in Burleigh Heads, Queensland, defying national economic challenges. Despite high interest rates and rising living costs, the agency has seen significant increases in listings, sales, and settlements.
This growth comes amidst a national economic slowdown, with the Federal Budget applying pressure on household spending. However, Burleigh's market dynamics, particularly the demand surpassing limited supply, continue to fuel property activity.
Director Lacey West highlighted the shift in buyer behaviour, noting that current buyers are more qualified and motivated. "The people walking through the door in 2026 are qualified, serious, and ready to move," she said, attributing this to the Gold Coast's population growth.
Infrastructure Driving Demand
The nearing completion of the Gold Coast Light Rail Stage 3 is a significant factor driving increased residential and commercial interest. This infrastructure upgrade is seen as a catalyst for the area's appeal, with West describing it as an 'infrastructure dividend.'
There is a growing interest in high-yield holiday rental properties, with buyers looking to maximise income. This demand is pushing interest beyond Burleigh Heads into nearby areas like Burleigh Waters and Varsity Lakes.
Lacey West Real Estate, led by directors James Borbidge, Josh Cruden, and Will West, operates predominantly in the Greater Burleigh area. Their team approach, involving multiple agents per property, ensures high service standards.
With the Light Rail project expected to be fully operational soon, Burleigh's accessibility and attractiveness are anticipated to increase, further boosting property demand and commercial enquiries in the region.
The real estate firm conducts 80% of its business within the Greater Burleigh area and has seen strong confidence in the suburb's long-term capital growth, marked by a higher number of settlements this quarter.
Despite lower attendances at open homes, conversion rates have improved as serious buyers dominate the market. This trend is a response to the population growth that is outstripping housing supply on the Gold Coast.
