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A year's worth of Gold Coast apartments sold in 3 months

Gold Coast buyers snapped up nearly $800 million worth of apartments in the first three months of the year, as developers continue to scramble to cater for the insatiable demand.

Gold Coast apartment towers as seen from the beach
Demand for Gold Coast apartments has been unprecedented so far in 2021. Photo: Alex Cimbal/Shutterstock

Gold Coast buyers snapped up nearly $800 million worth of apartments in the first three months of the year, as developers continue to scramble to cater for the insatiable demand.

Data released by Colliers International showed apartment sales in the first quarter of 2021 were just $112 million shy of all sales in 2020, with 742 apartments sold between January and March.

The average sales price surged to $1.06 million, up more than 42 per cent ov…