CHOICE DWINDLES:There are fewer than 800 apartments offered for sale on the Gold Coast. Experts predict it could take up to five years to clear even that low amount of stock.
SALES of Gold Coast high-rise apartments are so slow it would take five years at the current rate to absorb even existing stock.
Property researcher Bill Morris, of Midwood, said there were less than 800 high-rise apartments on the market on the glitter strip
But with a current sale rate of about 47 apartments per quarter even that low number would take a long time to clear
Mr Morris added that sales rates were at their lowest level since the 1990s.
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Read more:
http://www.investorcoach.com.au/News-Updates.aspx
