Tuesday, July 5, 2011

State of the Market

Herron Todd White, a firm of independent property valuers, publishes a monthly report, called Month in Review. The most recent report includes the following information about the Queensland apartment market.

Volume of unit sales:
Brisbane: steady
Gold Coast: declining significantly
Sunshine Coast: declining

Stage of market:
Brisbane: bottom of the market
Gold Coast: declining market
Sunshine Coast: bottom of the market

Demand for new units:
Brisbane: fair
Gold Coast: very soft
Sunshine Coast: soft

Sounds like it may be a good time to buy an apartment in Brisbane, but definitely not the time to buy on the Gold Coast.

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