REIQ: Unit Sales Increase During September Quarter

By Larry Malan

The Queensland residential unit market has grown over the September quarter, which could provide a great opportunity for anyone interested in apartments for sale in the Gold Coast.

In a report released by the Real Estate Institute of Queensland (REIQ), the number of unit sales across the state increased by 14 per cent during the September quarter, while growing by 12 per cent over the same time last year.

REIQ Chief Executive Officer Anton Kardash said the results are encouraging, with demand increasing across the state. He went on to state that the 2012 September quarter was also up by 40 per cent over the 2011 quarter, due to legislation laws by the state government.

"To again record increased activity this year is a great sign that our unit market is heading in the right direction," said Mr Kardash in a December 9 statement.

"Although we are yet to experience significant price increases, no doubt that will happen over the next six to 12 months as the market strengthens even further."

The number of apartments for sale in the Gold Coast grew by 13 per cent over the quarter, and a huge 30 per cent over the last year – providing more potential stock for buyers to choose from.

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