SINCE 1997

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No sign of slowing down in buyers' blitz

Coastal and lifestyle suburbs, including luxury apartments, are showing no signs of easing up, according to developers and buyers’ agents.

Collage of Gold Coast apartment views
The highest price paid for an apartment in Yves is $2.995 million for a sub-penthouse.

The Australian Bureau of Statistics estimates the value of residential land has increased from $4.9 trillion to $6.6 trillion in the 2021 financial year, with NSW residential land value to hit $2.67 trillion alone.

These raw figures are translating into a rich bounty for developers capitalising on a seemingly unquenchable demand from buyers looking for coastal and lifestyle properties and apartments.

According to BuyersBuyers co-founder Pete Wa…