Surfers Paradise is Australia's most traded apartment market

The Surfers Paradise unit market had the largest sales volume with strong turnover of units in nearby Southport and Broadbeach.

Surfers Paradise is Australia's most traded apartment market
Surfers Paradise is Australia's most traded apartment market

The Surfers Paradise apartment market is Australia's most active property market.

There were 2325 sales in the year to June.

The median sale price was $425,000, up 8 percent annually.

Surfers Paradise had topped the list with 1518 property sales during the 2020 calendar year.

There was also high turnover of units in nearby Southport at 984 (up 6.9% to $389,000) and Broadbeach at 859 (up 5.1% to $615,000).

Melbourne sat in second place at 1210 according to a recent Domain House Price Report, at a $542,500 median. The price was down 1.4%.

Adelaide was in fifth place with 838 apartment sales at a $535,000 median, which was up 11.6% in price growth.

Maroochydore saw 775 sales at $550,000 median, which reflected 12% annual price growth.

Rounding out the top seven localities, Wollongong saw 737 sales, at a $599,000 median which reflected 2.4% price growth.

When it came to house sales, Point Cook lead with 1154 sales at a $685,000 median, which reflected 6.2% annual price growth followed by Craigieburn's 1088 sales at a $592,000 which had 4% annual price growth.

The most active house sales in NSW were at Port Macquarie with 1026 sales at a $620,000 median, with 11.2% annual price growth.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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