The Lockyer Valley LGA residential land market has shown favourable results in the 12 months to June 2017. Median values for vacant land have continued their upward momentum with the average land value reaching a new high at $135,000. Sales rates have improved for both vacant land and house & land packages with these packages also seeing some uplift in median values to $352,000.
Lot approvals declined 2.47% over the last year to represent 79 well below the high of over 300 lots achieved in 2015, with the number of projects also down and heavily weighted towards smaller projects. Lockyer Valley provides 2,731ha of land suitable for residential development, with potential to deliver up to 20,000 dwellings.
While this location is situated to the west of the growth corridor of Brisbane, demand is currently minimal and while there is scope for future residential land development opportunities these will be limited until more traditional South
East Queensland land is absorbed.