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.
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.