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Apartments for Sale on the Gold Coast Continue to Perform Well

By Amanda Shannon

Real estate on the Gold Coast continues to perform well, according to new statistics, with buyers said to be flocking to the market due to improved affordability and attractive properties.

Data from the Real Estate Institute of Queensland (REIQ) showed apartments for sale on the Gold Coast were one of the key areas in the state where growth continues to be impressive.

The organisation's latest Market Monitor report showed units and townhouse sales increased by 8.9 per cent across the state in the three months to December 2012, while transactions on the Gold Coast were up eight per cent.

Anton Kardash, REIQ chief executive officer, said the south-east corner of the state was the driving force behind positive activity in Queensland in the closing months of last year.

"Compared to the December quarter in 2011, the numbers of sales in Brisbane and the Gold and Sunshine coasts continues to trend upwards, which of course partly reflects the concentration of, and demand for, these types of properties in south-east Queensland," he added.

Apartments for sale on the Gold Coast also increased in affordability during the three-month period, with the survey revealing units costing between $250,000 and $350,000 were particularly popular.

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