Gold Coast's demand for units is soft: HTW

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.

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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.