NEWS
Overseas and interstate investors are snapping up property across the Gold Coast, while local buyers seem to be biding their time, according to Colliers International.
Colliers project marketing director Brinton Keath said while inquiry remained strong from Gold Coast buyers, actual sales numbers showed out-of-towners were the ones signing on the dotted line.
He said that locals accounted for 40 per cent of sales in new apartment developments Colliers International was marketing in the past two months, with overseas, interstate or Brisbane purchasers accounting for the balance of deals.
"In the past eight weeks alone we have received more than 900 inquiries for the various projects we represent and while just 5 per cent of that inquiry has been from internationals, they have accounted for a significant 15 per cent of sales," he said.
Basically international and interstate buyers have recognized the value of Gold Coast property, and the potential for strong future growth, and are taking full advantage of the opportunities presented in the current market.
Source: news.com.au
Published: 28 February 2009
