Post a Comment On: Brisbane Apartment

The Gold Coast new apartment market has seen a continued decline in stock levels during the third quarter of 2010 to sit at its lowest level in six years

KEY FINDINGS.....The Gold Coast and Tweed Coast new apartment market reported a total of 126 unconditional sales during the third quarter of 2010.There were a total of 1,588 apartments available for sale at the end of September representing 3.1 years supply based on the current selling rate.2 projects sold out during the third quarter, and 2 projects were added.The Southport / Labrador Precinct was the standout performer for the quarter with a total of 57 sales.The high rise sector recorded the highest number of sales for the third quarter with 79 (63%) of the total 126 recorded.The average sale price of a new apartment during the third quarter was around $680,000.