Supply can’t keep up with demand
Economics is all about supply and demand, right?
People always want to know what the Gold Coast market is doing. There's no answer guaranteed to be right, but according to a story published by the ABC today, demand is still outstripping supply. That's why there is still upward pressure on prices. And the real shortage is with larger, owner-occupier style apartments.
You can't blame all these new residents for wanted to move to the Gold Coast.
See the article here.
If you're searching for a luxury beachside apartment, we do have some opportunities in Mermaid Beach. Call Todd Robinson on 0488 810 710.