Steer well clear of the Gold Coast?

The Gold Coast has had a bad rap especially in the last few days, if not always.

Columnist Terry Ryder called it the Titanic of the property industry, even agreeing with a certain Queensland bureaucrat that it’s harder to fix than herpes.

Today Property Observer reports 40 of 41 apartments in the Hilton development in Surfers Paradise have resold at big losses.

Just one of the original buyers has managed to resell an apartment at a higher price – a measly $5000 after six years.

But according to Colliers, Gold Coast apartment supply has reached its lowest level in a decade with no new stock added to the market in the June quarter, while sales were steady.

{module Given unit stock levels on the Gold Coast are at a decade-low should investors do some research on its possible investment merits?}