The Brisbane City LGA residential land market has had a favourable 12 month period with sound results across most indicators in the year to June 2017. Median values for both vacant land and house & land packages have continued their strong upward momentum, whilst the median $/sqm paid for land reached a new high of $915/sqm.
Sales rates for both vacant land and house and land packages slowed a little compared with 2016 results however registration levels have remained high. Lot approvals increased this year by 4.11% to 2,681, this rate is the greatest on record and well ahead of the long term annual average of 1,979.
Brisbane City provides 1,551ha of land suitable for residential development, with an expectation to deliver over 45,000 dwellings, representing an important growth corridor of South East Queensland.