{"id":33018,"date":"2021-06-23T14:05:37","date_gmt":"2021-06-23T02:05:37","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=33018"},"modified":"2021-06-23T14:09:40","modified_gmt":"2021-06-23T02:09:40","slug":"gold-coasts-new-apartment-stock-shrinks-as-unprecedented-demand-drives-sales-boom","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/gold-coasts-new-apartment-stock-shrinks-as-unprecedented-demand-drives-sales-boom\/","title":{"rendered":"Gold Coast&#8217;s new apartment stock shrinks as &#8216;unprecedented demand&#8217; drives sales boom"},"content":{"rendered":"<p><strong>PHOTO: Highrise apartment complexes dominate in Surfers Paradise on Queensland&#8217;s Gold Coast.\u00a0<cite class=\"W-g-R _14nkQ _3BwtN _2eB4R _3qdyT _1SWGZ\" data-component=\"Figure__cite\">(<\/cite>ABC Gold Coast: Dominic Cansdale<cite class=\"W-g-R _14nkQ _3BwtN _2eB4R _3qdyT _1SWGZ\" data-component=\"Figure__cite\">)<\/cite><\/strong><\/p>\n<p class=\"_1HzXw\">New apartment sales have surged by almost 100 per cent on the <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Gold+Coast&amp;submit=Search\">Gold Coast<\/a>, according to recent property data.<\/p>\n<section class=\"vB11C _1tnlo _3fXyV _19G7j _2wBlx\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\" data-uri=\"coremedia:\/\/teaser\/100230838\">\n<h2 class=\"_1BrKg _1MOAE _3XvRm _3qPMD _1ehlr _2Od9e _582YK _2eB4R\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"_29Vqe\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">Gold Coast apartment sales have surged 97 per cent, according to Urbis<\/li>\n<li class=\"\" data-component=\"ListItem\">Apartment prices have increased, on average,\u00a023 per cent over the previous\u00a0year<\/li>\n<li class=\"\" data-component=\"ListItem\">Property researcher says price growth &#8220;unsustainable&#8221; but sales growth could continue<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1HzXw\">Industry experts say the figures are the most significant recorded in more than\u00a0eight years, with intrastate-based Queenslanders driving the surge, followed by Victorians.<\/p>\n<p class=\"_1HzXw\">A local property researcher says the &#8220;unprecedented demand&#8221; has led to a stock shortage, with the rate of sales expected to remain for &#8220;several years&#8221;.<\/p>\n<h2 class=\"_2O2Ne _2El7j _3XvRm _3qPMD _2rdcP _2Od9e _582YK _2eB4R\" data-component=\"Heading\">Sales almost double<\/h2>\n<p class=\"_1HzXw\">Gold Coast property research and real estate advisory firm Urbis recently released its\u00a0quarterly report looking into the new apartment market for the first quarter of 2021.<\/p>\n<p class=\"_1HzXw\">Director Matthew Schneider said the results were significant, nearly doubling to more than\u00a0700 sales compared to the previous quarter.<\/p>\n<p class=\"_1HzXw\">&#8220;In the first quarter of 2021, we saw a total of 742 new apartments sold in the Gold Coast marketplace,&#8221; Mr Schneider\u00a0said.<\/p>\n<aside class=\"_3fXyV _19G7j _2kQVP\" data-component=\"Pullquote\">\n<blockquote class=\"_2BtlZ\">\n<p class=\"_1HzXw\"><em><strong>&#8220;That&#8217;s the highest number that we&#8217;ve seen since the service has been doing this report (since about the end of 2013).<\/strong><\/em><\/p>\n<\/blockquote>\n<\/aside>\n<p class=\"_1HzXw\">&#8220;Over the course of the period between 2021 and back to 2013, we&#8217;ve really seen somewhere between 300 and 500 apartments transact each quarter.<\/p>\n<p class=\"_1HzXw\">&#8220;So, to have results as high as 742 in the first quarter of 2021 is a significant increase on what we&#8217;re seeing over that last period \u2026 [it has] almost doubled the volume over that period.&#8221;<\/p>\n<figure class=\"_2FoxC _3fXyV _19G7j _2rgXu\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"100230924\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/100230924\">\n<div class=\"_3-6ik\" data-component=\"IntersectionObserver\">\n<div class=\"CtQll\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"_2clwR YdWce\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/87d91c3cd26346d552dc88692b836c2c?impolicy=wcms_crop_resize&amp;cropH=3333&amp;cropW=5000&amp;xPos=0&amp;yPos=630&amp;width=862&amp;height=575\" sizes=\"100vw\" alt=\"An artist's rendition of an apartment building on a hill overlooking the ocean.\" data-component=\"Image\" \/><\/div>\n<\/div><figcaption id=\"100230924\" class=\"W-g-R _14nkQ _3BwtN _2eB4R _3qdyT _3BXCT\" data-component=\"Figure__figcaption\"><em><strong>A new 12-storey luxury apartment block proposed at Point Danger. <cite class=\"W-g-R _14nkQ _3BwtN _2eB4R _3qdyT _1SWGZ\" data-component=\"Figure__cite\">(<\/cite>Supplied: S&amp;S Projects, Media Hunt Communications)<\/strong><\/em><\/figcaption><\/figure>\n<p>READ MORE VIA<a href=\"https:\/\/www.abc.net.au\/news\/2021-06-22\/apartment-sales-surge-gold-coast-property-market\/100230834\"> ABC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Highrise apartment complexes dominate in Surfers Paradise on Queensland&#8217;s<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/gold-coasts-new-apartment-stock-shrinks-as-unprecedented-demand-drives-sales-boom\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":33019,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478098521,478098516,478102844,478098519,478098535,478116607,478116605,478116606,478098873,478098579,478098510,478098514,478098575,478098511,478098705,478098533,478098828,478098509,478116604,478105288],"class_list":["entry","author-data123nz","post-33018","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australians","tag-gold-coast","tag-gold-coast-apartments","tag-home-ownership","tag-house-prices","tag-matthew-schneider","tag-new-apartment-sales","tag-point-danger","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-queensland","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news","tag-sales-boom","tag-urbis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold Coast&#039;s new apartment stock shrinks as &#039;unprecedented demand&#039; 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