• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 1 of 1
  1. #1

    Default Worst over as high-rise sales hit bottom

    SIGNS are emerging that the Gold Coast apartment market has stabilised, with a clearance sale of high-rise stock and first-home owner demand boosting activity.

    According to the Midwood Queensland Investment Report, to be released this week, Queensland high-rise apartment sales in the May quarter were about half those of the previous corresponding period.

    There were 116 high-rise units sold in Queensland in the May quarter, compared with 315 in the same period last year, with the Gold Coast hardest hit, The Australian reports.

    High-rise Gold Coast unit sales dived from 248 in the three months to May 2008 to just 79 for the same period this year, despite more stock on offer.

    However, the latest result is an improvement on previous quarters. Bill Morris, author of the Midwood Report, said he thought the worst was over, with just 37 and 49 sales in the previous two quarters respectively.

    Read more ...

    Jenny


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Mortgagee sales hit new high
    By muppet in forum Property Investment (NZ)
    Replies: 0
    Last Post: 22-11-2009, 09:16 AM
  2. Commercial Mortgage Delinquencies in U.S. Rise to 11-Year High
    By Marc in forum Property Investment (USA)
    Replies: 0
    Last Post: 08-05-2009, 06:26 PM
  3. USA: New-Home Sales Plunge As Market Still Seeks Bottom
    By Marc in forum Property Investment (USA)
    Replies: 0
    Last Post: 30-01-2009, 08:51 AM
  4. California's Discount Foreclosure Sales Point to Housing Bottom
    By muppet in forum Property Investment (USA)
    Replies: 0
    Last Post: 01-08-2008, 05:10 PM
  5. U.S. Mortgage Delinquencies Rise to 20-Year High (Update2)
    By muppet in forum Property Investment (USA)
    Replies: 0
    Last Post: 07-12-2007, 07:39 AM
  6. Luxury and space in high-rise living - Auckland
    By muppet in forum Regions News (NZ)
    Replies: 0
    Last Post: 28-10-2007, 07:40 AM
  7. High rise investments continue fall to earth
    By muppet in forum Property Investment (NZ)
    Replies: 0
    Last Post: 21-09-2007, 08:07 AM
  8. Honolulu: High-Rise Condo Boom Seen
    By muppet in forum Property Investment (USA)
    Replies: 0
    Last Post: 26-07-2005, 09:26 PM
  9. 10 tips for surviving in an Earthquake
    By donna in forum General (NZ)
    Replies: 2
    Last Post: 26-11-2004, 07:24 AM
  10. Avoiding high risks of high-rise investments
    By muppet in forum Property Investment (NZ)
    Replies: 0
    Last Post: 14-03-2004, 04:50 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •