Tuesday, May 31, 2011

Heavy Discounting on the Gold Coast

"Heavy discounting has helped the previously stalled Gold Coast apartment market move up a gear with several projects finally selling out of stock after languishing on the market. ... the lower prices were giving buyers who knew the market confidence to purchase with the belief that value would return at some stage."

Source: AFR, "Gold Coast units sell, but at a price", page 52 (31 May 2011).

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