The Gold Coast new apartment market recorded 153 sales, according to the latest Urbis Apartment Essentials results released.
Though a decrease from the previous quarter which saw 231 sales recorded, Lynda Campbell, Senior Consultant at Urbis, stated that this can largely be attributed to the type of new projects being launched to the market.
“The majority of new projects being launched recently are smaller in scale than previously seen, particularly in the Southern Beaches Precinct. The larger owner-occupier apartments tend to take longer to sell as prospective buyers usually have a home to sell and are more invested in choosing the right apartment,” Ms Campbell said.