August 2017 – Logan City LGA Vacant Land Report

2 August, 2017 / Vanessa Rader and Jamie Martin

The Logan City LGA residential land market has been one of the best performers across South East Queensland during the 2016 calendar year.

Median values for both vacant land and house & land packages have continued their upward momentum, whilst the median value paid for land reached a new high of $470/sqm. Sales rates for vacant land reached their second highest level since 2007, however house & land packages volumes have shown some consolidation yet this has not dampened their median values and interest in these products.

Although the sales activity levels in the 2016 calendar year have not met the prior year, they continue to represent the second highest number on record. The market has continued to respond positively growing vacant land values by 9.1% to $223,500; this represents a median land value of $470/sqm which is the highest rate on record. Furthermore this rate per sqm has increased on average 8.9% per annum over the last nine years. The number of vacant land sales recorded during 2016 has reduced -2.7% over the last year to 1,065, however is still well ahead of the long
term average of 866.

 

Download the full version of August 2017 - Logan City LGA Vacant Land Report