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.