Prospective owners of an inner-city Australian property could be interested in the latest news about a location in Surfers Paradise.
According to the Australian, sales of apartments at the Brookfield Multiplex's Hilton have surpassed $430 million (£272 million), with 14 purchased since the start of the year.
The $700 million structure, which has 410 residencies across two towers, has sold two and three bedroom units in 2011, representing earnings of $28.4 million.
Tim Willing, Brookfield Multiplex's sales and marketing director, claimed the buildings had seen increased interest from local buyers and those from China and Japan.
Despite the slow progress as a result of the struggling property market, the final stages of the development - including a 169 room Hilton Hotel - will be completed next month.
Queensland property developer Lenny Willis recently told the Australian that the falls in house prices "will only help property" after concerns of a crash in the market.
Posted by Steve Douglas
According to the Australian, sales of apartments at the Brookfield Multiplex's Hilton have surpassed $430 million (£272 million), with 14 purchased since the start of the year.
The $700 million structure, which has 410 residencies across two towers, has sold two and three bedroom units in 2011, representing earnings of $28.4 million.
Tim Willing, Brookfield Multiplex's sales and marketing director, claimed the buildings had seen increased interest from local buyers and those from China and Japan.
Despite the slow progress as a result of the struggling property market, the final stages of the development - including a 169 room Hilton Hotel - will be completed next month.
Queensland property developer Lenny Willis recently told the Australian that the falls in house prices "will only help property" after concerns of a crash in the market.
Posted by Steve Douglas
