Gold Coast's demand for units is soft: HTW

Gold Coast's demand for units is soft: HTW
Staff reporterFebruary 14, 2017

The Gold Coast has a balanced unit market, according to HTW's latest report.

The property valuation firm says that Gold Coast has a steady rental vacancy trend with a soft demand for units.

Click to enlarge

There is an increasing trend in new units being constructed along with a steady volume of unit sales.

Gold Coast is at the peak of its unit market with new properties frequently being sold at prices that exceed their potential resale value.

A three bedroom unit at 4302/2 Sunset Avenue, Paradise Point (above) is currently listed for $689,000.

Similarly a three bedroom unit at 107/6 Bourton Road, Merrimac (below) was recently sold for $275,000.

Editor's Picks

PERIFA takes over Balmain Leagues Club site for Rozelle Village development
Mirvac to transform old motel into apartments in Brunswick as Prince & Parade construction kicks off
"One of Australia's premier beach destinations": Inside Chapter Two's Holm Rainbow Bay apartments
Where to buy in Palm Beach in 2025
Construction commences at Devine's luxury Burleigh tower, Burly Residences