Cash buyers flock to Gold Coast as luxury apartment sales surge

According to The Australian Financial Review, new apartment sales on the booming Gold Coast more than doubled over the September quarter. The surge came as a swath of cashed-up local and interstate buyers pounced on the larger luxury residences that have become the post-COVID-19 staple of the coastal city market.
Quarterly data from research house Urbis shows 470 unit sales over July, August and September, a 135 per cent increase on the 200 sales recorded over the June quarter.

https://www.afr.com/property/residential/cash-buyers-flock-to-the-gold-coast-as-luxury-apartment-sales-surge-20231110-p5ej22