Demand for mortgages has plummeted as the federal government's tax changes and higher interest rates weigh on the property market. Gold Coast woman Georgia Wyllie recently purchased her first owner-occupied home with her partner. The latest PropTrack data shows median home prices on the Gold Coast are now $1.18 million. Mortgage lodgements down 26 per centNew data from mortgage broker network Loan Market found total home loan lodgements were down 26 per cent since early February. Loan Market broker Lauren Hall told Yahoo Finance the drop-off was consistent with what she was experiencing on the Gold Coast.