The Moreton Bay LGA residential land market has shown favourable improvements in values during the 12 months to June 2017. Median values for both vacant land and house and land packages have continued their upward momentum, whilst the median price paid for land reached a new high of $565/sqm.
Sales volumes have shown improvement for vacant land while this has fallen for house & land packages; however this has not dampened the values achieved. Lot approvals however have increased considerably, aided by a vast increase in smaller projects approved this year reflecting 5,739 lots up from 3,839 in the year to June 2016.
Moreton Bay provides 2,833ha of land suitable for residential development, with potential to deliver around 20,000 dwellings, representing an important growth corridor of South East Queensland with significant scope for future residential land development opportunities.