Someone Paid $410,000 for This Mudgeeraba Home in 2008. It Just Sold for $1,320,000.

12 Stockman Crescent, Mudgeeraba, sold for $1,320,000 in September 2026, eighteen years after it last changed hands for $410,000 in September 2008.¹ Both prices come from public sales records. The sale went through in the same months that Gold Coast homes began taking noticeably longer to sell, which makes it a useful piece of evidence: it shows what one Mudgeeraba seller achieved in this market, not the market of a year ago.

The market around it has changed since the autumn. Across 22 Gold Coast postcodes, homes that had been listed for 60 to 180 days without selling rose from 1,288 in March 2026 to 2,707 in September, the latest month published. A year earlier, in September 2025, the figure was 1,479.² The median Gold Coast house that sold in the three months to September had been on the market for 40 days, across 708 sales, up from 26.5 days for the three months to March.³ And on 29 September 2026 the Reserve Bank raised the cash rate to 4.60%; its next decision is due on 3 November.⁴ I set out what these indicators have historically been associated with in Unsold Gold Coast homes have doubled since March. This article looks at one sale inside that picture.

How the result compares with the suburb

The fairest yardstick is what Mudgeeraba house prices did over the same stretch. On the Fields rolling twelve-month median, the typical Mudgeeraba house sold for $490,500 in the twelve months to September 2008, across 214 house sales. In the twelve months to September 2026 it was $1,380,000, across 149 house sales.⁵ That is a rise of 181.3%.

Source: public sales records (12 Stockman Crescent); Fields market charts, Mudgeeraba houses, rolling twelve-month median sale price for the windows ending September 2008 and September 2026. The purchase sits inside the first window and the sale inside the second.

This home outran the suburb. It was bought for about 16% less than the typical Mudgeeraba house in 2008 and sold for about 4% less in 2026, closing most of that gap. The records point to the likely reason, which is what happened to the house in between.

What changed in between

When it sold in 2008, the listing described a four-bedroom, two-bathroom home on a slightly elevated block, with a lounge and a separate family room, a double garage, a pool in the back yard, and side room for a boat or caravan. It was pitched as suitable for an investor.⁶

The 2026 listing describes the same home renovated throughout: a new kitchen, bathrooms, flooring and fencing, a fireplace, a pool area with an oversized covered patio, new landscaping, a restored roof, air conditioning in every room, full insulation and block-out blinds.⁷

So the 222.0% is not a pure market figure. It combines eighteen years of Mudgeeraba price growth with a renovation the records do not cost. If the house had simply kept pace with the suburb, $410,000 in 2008 would correspond to roughly $1,153,000 at today's median. The sale came in about $167,000 above that. That difference is not a measure of what the renovation cost or what it was worth on its own, because other things also changed over eighteen years. It is the part of the result that ordinary suburb growth does not explain.

What the records show about the home

Our property record holds a 700 m² block and about 187 m² of internal floor area, with the home built around 1994.⁸

In the twelve months to September 2026, Fields records hold 48 four-bedroom Mudgeeraba house sales. Their median price was $1,392,500, and their median block was 801.5 m²; 11 of the 48 sat on less land than 12 Stockman Crescent.⁹ So this is a fully renovated four-bedroom house on a block a little smaller than most four-bedroom sales, and it sold $72,500 below the four-bedroom median. For a buyer, that combination carries its own value: the renovation work already done, on a block with less garden to keep, at a price under what four-bedroom Mudgeeraba houses typically went for.

The sales around it

Source: Fields sales records and public sales records.¹⁰ All are four-bedroom houses within about 560 metres of 12 Stockman Crescent. Block sizes are cadastral lot areas; bedroom counts are from our property records.

Four four-bedroom houses within about 560 metres sold between $1,185,000 and $1,380,000 this year. 12 Stockman Crescent's $1,320,000 sits inside that range, close to 25 Kerala Court ($1,305,000) and below 48 Sugarglider Lane ($1,380,000), both on 600 m². We cannot see inside these homes or their contracts, so the table shows what each sold for, not why.

The campaign

Our listing record shows the home advertised at $1,349,000. It sold by private treaty for $1,320,000, which is $29,000 or 2.1% below that figure, 92 days after it was first advertised.¹ For context, across the twelve months to September 2026 the median Mudgeeraba house that sold had been advertised for 27.5 days, across 84 sales. For sales in the three months to September 2026 it was 32.5 days, across 24 sales.¹¹ This campaign ran through June, July and August, more than three times the suburb's twelve-month median, in the same months that selling times across the wider Gold Coast were lengthening.

What this one sale can and cannot tell you

One sale does not set a market. This sale was recorded on 2 September, before the September rate rise, and since then the Gold Coast indicators above have continued to describe longer selling times and more unsold stock.

What the sale does show is narrower and firmer. A renovated four-bedroom Mudgeeraba house sold in spring 2026 within the range of the four-bedroom sales around it, and over eighteen years its owners' result ran ahead of the suburb's median, with a renovation the listing set out in detail. Whether results like this continue as stock builds is something the next few months of recorded sales will show, and I will report them as they come in.

Fields Real Estate was not involved in either sale of this property.

1. Fields Real Estate sales records, 12 Stockman Crescent, Mudgeeraba. Compiled from public sale records: $410,000 (6 September 2008, private treaty) and $1,320,000 (2 September 2026, private treaty, 92 days advertised; advertised price on our listing record $1,349,000). ↩
2. SQM Research, total property listings by postcode. All dwelling types, homes listed 60 to 90 and 90 to 180 days combined, summed across 22 Gold Coast postcodes: 1,479 (September 2025), 1,288 (March 2026), 2,707 (September 2026); retrieved 29 October 2026. ↩
3. Fields Real Estate sold-property records, Gold Coast suburb panel. Median days from advertised date to sold date, houses, 64 Gold Coast suburbs, sales advertised three days or fewer excluded: 26.5 days for the three months to March 2026 (784 sales); 40 days for the three months to September 2026 (708 sales); recomputed 29 October 2026. ↩
4. Reserve Bank of Australia, Statement by the Monetary Policy Board: Monetary Policy Decision. 29 September 2026, cash rate target raised 25 basis points to 4.60%; next scheduled decision 3 November 2026. ↩
5. Mudgeeraba property market, Fields Real Estate. Houses, rolling twelve-month median sale price: $490,500 for October 2007 to September 2008 (214 sales); $1,380,000 for October 2025 to September 2026 (149 sales). ↩
6. 12 Stockman Crescent, Mudgeeraba, 2008 sale campaign listing. Advertised listing description, paraphrased. ↩
7. 12 Stockman Crescent, Mudgeeraba, 2026 sale campaign listing. Advertised listing description, paraphrased. ↩
8. Fields Real Estate property record, 12 Stockman Crescent, Mudgeeraba. Cadastral lot area 700 m²; internal floor area about 187 m²; year built 1994. ↩
9. Fields Real Estate sales records, Mudgeeraba houses. Four-bedroom house sales October 2025 to September 2026: 48 sales, median $1,392,500, median block 801.5 m². ↩
10. Fields Real Estate sales records, Mudgeeraba houses near Stockman Crescent. Compiled from public sale records; four-bedroom houses within about 560 metres sold January to July 2026. ↩
11. Mudgeeraba days on market, Fields Real Estate market charts. Median days advertised, final campaign, houses, sales advertised three days or fewer excluded: 27.5 days for the twelve months to September 2026 (84 sales); 32.5 days for the three months to September 2026 (24 sales). ↩