Land Market

Land Market

Conditions in the South-East Queensland land market improved in the December quarter despite higher interest rates.

Buyer and consumer sentiment continues to be affected by higher interest rates.

However, population growth has rebounded being driven by both interstate and overseas migrants. Lot availability continues to be a key driver for sale volumes.

The Moreton Bay market recorded the largest quarterly rise in available stock with several new projects being launched.

For the first time in two years, three of the six South East Queensland growth corridors recorded over 200 available lots for sale.

All regions in the South-East Queensland market recorded an increase in the number of total lots available compared to the same time last year.

South East Queensland Project Land Sales

Land Market

Market Share

The Moreton Bay region recorded the largest market share for the first time on record with the addition of several new projects.

Growth Corridor Sales Market Share

South East Queensland Project Land Sales Market Share

Median Prices

The South-East Queensland median land price edged higher in the December quarter 2022 reaching $339,000.

The Moreton Bay region was one of three markets to experience a decline in median land prices over the quarter. This was partly due to the addition of new stock.

A significant component of the increase in median land prices, observed over the quarter, was due to an increase in the share of premium stock.