The Ipswich City LGA residential land market has shown mixed results in the 12 months to June 2017. Median values for both vacant land and house & land packages have declined after a number of years of strong upward momentum, whilst the median $/sqm paid for land reached a new high of $441/sqm.
Sales volumes for both vacant land and house & land packages have fallen compared to the highs achieved in 2016 yet are well ahead of the long term average. Lot approvals increased this year by 8.38% to 3,245. While this rate is well below the one off high 6,115 number achieved in 2014 it is still ahead of the longer term trend.
Ipswich City provides 7,014ha of land suitable for residential development, with potential to deliver close to 100,000 dwellings, representing an important growth corridor of South East Queensland with significant scope for future residential land development opportunities.