Gold Coast land sales rise in June quarter

Gold Coast land sales rise in June quarter

Posted on Tuesday, July 24 2012 at 3:29 PM

Vacant land sales on the Gold Coast rose 30 per cent in Queensland in the June quarter, according to data released today.

The Prodap Report shows most
transactions were within housing estates in the suburbs of Pimpama and Coomera.

The increase in volume comes off a low base
of 159 sales in the March quarter, report author Bill Morris says.

There were 208 sales in the three months to
June this year.

Morris also believes some buyers delayed
signing purchase contracts until after stamp duty concessions were officially

That trend likely “camouflaged underlying
demand over the June quarter,” he says.

House sale prices averaged $527,000 at June
30, down 12 per cent from two years earlier, he says.

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