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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

Click on the following link to read moreā€¦

http://www.news.com.au/business/money/story/0,28323,25608777-5013951,00.html


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