The Gold Coast apartment market is enjoying bumper activity, with the greatest number of sales in over a year, the latest Colliers International Gold Coast Apartment Report found.
According to the report, 178 apartments were sold across the Gold Coast and Northern New South Wales during the June 09 quarter, up from 117 in the March quarter, 77 in the December 08 quarter and 121 in the September 08 quarter.
Colliers International Gold Coast Project Marketing Director Brinton Keath said gross sales values had also increased, while supply levels had decreased.
“What we are seeing at present across all our sale room floors is lifting activity with investors and owner-occupiers becoming increasingly confident to re-enter the market,” Mr Keath said.
“Completed stock is attracting the most interest, accounting for 53 per cent of sales, as investors feel confident in securing apartments at today’s prices and interest rates.”