Land Market

Median Lot Size

Lots sized from 301 sqm to 400 sqm remained the most popular product and accounted for 41% of all sales made in the December quarter 2022.

Demand for smaller blocks continues to increase, partly driven by affordability pressures, and is reflected by the continued decline in the median size of stock being transacted.

Value Rates

The South-East Queensland median value rate rebounded in the December quarter of 2022, increasing by over 17%, being driven by both price increases and a decrease in the median size of lots being transacted.

The Redland Bay region experienced significant value rate increases due to the introduction of new estates offering premium lots.

South East Queensland Project Land Sales (December Quarter 2022) | Median Value Rate ($ per sqm)

Source: Oliver Hume Research.

South East Queensland Median Value Rates by Local Government Area ($/sqm)

Source: Oliver Hume Research.