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Worst over as high-rise sales bottom out

Worst over as high-rise sales bottom out (News (General))

by administrator @, Friday, June 19, 2009, 15:10

SIGNS are emerging that the Gold Coast apartment market has stabilised, with a clearance sale of high-rise stock and first-home owner demand boosting activity.

According to the Midwood Queensland Investment Report, to be released this week, Queensland high-rise apartment sales in the May quarter were about half those of the previous corresponding period.

There were 116 high-rise units sold in Queensland in the May quarter, compared with 315 in the same period last year, with the Gold Coast hardest hit, The Australian reports

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