Gold Coast Apartment Market Update

• Research indicates there is currently 474 new apartments for sale on the Gold Coast, the equivalent of two years supply based on the average take up rate.
• 40% of the stock is priced over $1 million

SO what does this mean? Well, if you own property now is NOT time to be selling. On the other hand if you are looking to buy property then now IS the right time to be buying. It is a good time to buy a property with development potential with the intention of holding it medium to long term, say 5 to 10 years. This is made even more appealing if you consider using your self managed superfund as the vehicle.

"The time to buy is when everyone else is selling...and the time to sell is when everyone else is buying"