PHOTO: The Gold Coast housing market was showing a “quiet confidence” according to REIQ. Source: Supplied

COOLER property market conditions felt across the country appear to have been short lived on the Gold Coast, with new data showing activity in the city is starting to heat back up.

The latest Real Estate Institute of Queensland Quarterly Market Monitor report, released today, reveals the Coast’s median house price recorded the second-highest rise in the three months to March, making it one of the state’s most expensive places to live.

While other parts of the country suffered significant declines, the city’s median house price rose 0.8 per cent to $625,000. Rockhampton was the state’s shining light, jumping 15.2 per cent.

The Gold Coast’s median house price also rose 0.8 per cent for the year to March.