The Gold Coast City LGA residential land market has seen quality results in the year to June 2017. Median values for both vacant land and house & land packages have shown strong upward momentum, whilst the median $/sqm paid for land reached a new high of $601/sqm.

Vacant land sales rates however have seen a sizeable reduction now recorded at 2,054 down from 2,973 12 months ago, while house & land package sales have also declined. Lot approvals increased this year by 8.55% to 2,324 which represents the highest number since 201 and still ahead of the longer term trend of 1.732. Gold Coast City provides 3,195ha of land suitable for residential development, with potential to deliver close to 42,000 dwellings, representing an important growth corridor of South East Queensland with significant scope for future residential land development opportunities.

Credit: Ray White Commercial (Research)

ARTICLE CATEGORIES
  1. Development News

Author
Development Ready
Development Ready
1641 contributions
Joined Oct, 2020

Ready Media Group provides up-to-date business and industry content covering the latest transaction activity, exclusive insights and interviews with thought leaders from across Australia.

Popular Issues


Development News
Development News
60 Mins - 27 Apr 2022
Development News
Development News
10 Mins - 23 Mar 2022
Development News
Development News
10 Mins - 17 Feb 2022
Development News
Development News
10 Mins - 07 Dec 2021
Development News
Development News
10 Mins - 25 Oct 2021
Development News
Development News
10 Mins - 23 Sep 2021

Load more Magazines