Gold Coast apartment market 'booming'
Gold Coast continues to be a top destination for property investors, with recent data showing more than $34 million worth of sales have already been recorded in the $850 million Soul tower in Surfers Paradise.
According to a News Limited report, savvy buyers forked out just over $12 million for seven apartments in the beachside building at the end of last year.
One high-end shopper splashed out $4 million on a double-level sub-penthouse, while the other six apartments reached prices of between $1.05 million and $2 million.
The figures come after a recent report by the Department of Infrastructure identified the Gold Coast as the number one location for apartment living.
The third annual State of Australian Cities report revealed that the seaside city boasts the highest percentage of apartments, units and townhouses out of anywhere else in the country.
With 40 per cent of the region's residential property market being attached dwellings, those looking to purchase real estate in the city may be interested in checking out apartments, with this type of housing typically cheaper than standalone homes.