Land Market

Land Market

South-East Queensland land market sale volumes moderated in the June quarter 2023 but remain well above recent lows.

While higher interest rates have dampened buyer sentiment and demand robust population growth, through both strong overseas and interstate migration, has helped to underpin sale volumes.

Lot availability continues to a key driver of sales volumes. Regions with a higher level of stock continue to account for a greater market share.

South East Queensland Project Land Sales

Land Market

Market Share

The Logan region recorded the largest market share for the second consecutive quarter following the addition of many new projects.

Growth Corridor Sales Market Share

South East Queensland Project Land Sales Market Share

Median Prices

Median land prices across South-East Queensland edged higher in the June quarter 2023, up 0.3% from the previous quarter, to reach a new high of $346,000.

Robust price growth was recorded in the Ipswich growth market (up 1.6%).

Land Market

Across South-East Queensland lots sized from 301 sqm – 400 sqm remained the most in demand product size (accounting for 37% of all sales made in the June quarter 2023).

Value Rates

The South-East Queensland median value rate ($/sqm) edged higher in the June quarter 2023.

A decline in the median block size transacted partly drove the result.

The Brisbane and Gold Coast markets continue to have the highest value rates.

South East Queensland Project Land Sales (June Quarter 2023) | Median Value Rate ($ per sqm)

Source: Oliver Hume Research.

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

Source: Oliver Hume Research.