Major developments lead way to boom in Coast apartment sales

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If you’re located near infrastructure such as the light rail network, universities and shops, that goes well for apartment living.
It makes apartment living more attractive.

Urbis senior consultant Lynda Campbell said infrastructure spending had been included in the report for the first time because it was a key driver for new apartment sales.

“If you’re located near infrastructure such as the light rail network, universities and shops, that goes well for apartment living,” she said.

“It makes apartment living more attractive.”

Ms Campbell said the effect of the improving infrastructure was to help drive higher rates of unit sales.

This year’s first quarter saw 436 unconditional sales across 39 projects, compared to 311 sales for the same period last year.

The highest-selling project was Allegra at Southport by Andrews Projects, where 80 sales were recorded for the quarter.