Slow sales a concern

INDUSTRY experts warn there are worrying signs in some of the Gold Coast’s new northern corridor housing estates.

The latest Herron Todd White residential report said properties are slow to resell and there are high rental vacancies in estates such as Yarrabilba.

One property is under contract for $372,500, less than its total land and build cost of $387,000.

The estates are seen as affordable opportunities for first home buyers and investors, with land selling well below the established areas of the Coast.