Comm Games blamed for Gold Coast property market slump

PHOTO: Nerida Conisbee, realestate.com.au chief economist

A POST Commonwealth Games hangover is being blamed for a slump in the Gold Coast property market, with new figures revealing it is the only Queensland region to see demand drop.

Realestate.com.au’s Property Outlook report, released today, shows demand for houses and apartments has fallen 9.1 per cent in the past 12 months.

The figure is based on the number of property views per listing over the past three months compared to the same period last year.

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