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Smaller projects, bigger apartments and higher prices. That’s the new recipe for success followed by apartment developers on the Gold Coast, where sales have started 2021 even stronger than they finished 2020.
There were 375 apartments that sold on the Gold Coast in October-December – the best result since 2016, the latest Apartment Essentials report from planning consultancy Urbis shows.
Momentum has accelerated post-Christmas with developers reporting that some luxury projects launched in December are almost sold out despite premium pricing.
Demand for Gold Coast apartments is strongest for larger dwellings - The Monroe at Palm Beach has almost sold out after just three months on the market.