Since the onset of COVID-19, there's simply not been enough apartment stock on the Gold Coast.

The Coast was well placed in the lead up to 2019, but an influx of demand, both locally and interstate when COVID-19 grabbed hold of the local market in mid-2019, demand has heavily outstripped supply.

The lack of stock has seen a new trend emerge. Established stock has been commanding similar prices to off the plan stock. It's a trend that Evan Raptis, the joint managing director of longtime Gold Coast developer Raptis, believes won't change for the next three to five years.

Full story on Urban.com.au by Joel Robinson.

Raptis

Written by Raptis

Raptis is one of the Gold Coast’s most experienced and progressive developers. For more than forty years, they have developed and constructed some of the most iconic landmarks along the Coast and have substantially shaped the city’s distinctive skyline. The Raptis name is synonymous with quality and stylish living and is acknowledged for introducing new trends. Many developments have received industry recognition at both a local and national level. Importantly, the Raptis legacy is founded on family values and while father and son, Jim and Evan, spearhead the company’s growth, the overall success of the company is attributable to a dedicated team of professionals. This entire team has decades of experience in development, design, construction, sales and property management.