Gold Coast activity heats up

Gold Coast activity heats up

26 August 2009 by Staff Reporter 0 comments

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.”

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.”

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
William Phillips on how agents can expand their database and grow their business

In this episode of Secrets of the Top 100 Agents, host Tim Neary is joined again by William Phillips to discuss the real estate database and...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
upcoming events
REB Awards
Sydney The Event Centre 12 Sep
REB Awards
Sydney The Event Centre 12 Sep
Melbourne The Event Centre 14 Oct
Brisbane The Event Centre 18 Dec
View all events
Do you have an industry update?