According to data released by the REIQ, demand and sales for units over the last year has strengthened. For the March quarter, preliminary numbers of units sold had increased by 2 percent.
However, in the regions of The Sunshine Coast, Cairns and The Gold Coast the growth was the highest.
Data presented from the REIQ unit and townhouse sales volumes on the Sunshine Coast were up 22.6 on the same period last year. There was also a significant increase in the number of unit and townhouse sales in the $350 000 – $500 000 price range.
” The popularity of units and townhouses in our major tourist precincts has returned”, said the CEO of the REIQ Anton Kardash.
“These areas have experienced the highs and lows of the global financial crisis (GFC) and the strength of the Aussie dollar more than most over the past four years, so it is heartening to see them stepping back into the light.
“Many of these areas have also become more affordable, even those with unique seaside locations, so this is no doubt spurring buyers into action before the tide has turned to the positive completely.”