A mean patch of grime in Brisbane now prices greater than $1600 a sq. metre, with derelict properties promoting for ridiculous costs based mostly on hovering land values.
Queensland’s least expensive and most costly areas to purchase a block of land have been revealed, with the Gold Coast setting consumers again $1885 a sq. metre for a median 713 sqm lot — and that’s earlier than they even begin constructing the home.
The common price of constructing a home is about $1600 to $1900 a sq. metre, in accordance with the Housing Trade Affiliation (HIA).
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This 617 sqm block of land on the water at 4 Poinsettia Ave, Runaway Bay, is on the market for $5m.
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On the different finish of the size, Queensland can be residence to one of many least expensive sq. metre land charges within the nation at simply $57 — the value of a meal out.
The figures, collated by CoreLogic for the HIA’s 2025 Residential Land Report lined each council space with no less than 10 empty blocks bought within the three months to September final 12 months.
It discovered the nice Australian dream of 1 / 4 acre block (1000 sqm) now units you again no less than $1m — only for the land — in most elements of southeast Queensland.
A 701 sqm block of land on the water at 17 Knightsbridge Pde, Sovereign Islands, is on the market for affords over $4m.
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On the Gold Coast, a 617 sqm block of land on the water at 4 Poinsettia Ave in Runaway Bay is on the market for $5m, whereas in Brisbane, a 589 sqm block of land at 27 Andrew Ave, Tarragindi, is available on the market for $1.175m.
In Moreton Bay, consumers at the moment are paying greater than $1000/sqm for a typical 410 sqm block, whereas it’s solely barely cheaper in Ipswich at $902/sqm.
On the Sunshine Coast, the sq. metre price is extra inexpensive at $795/sqm and the typical lot measurement is greater at 700 sqm.
This 720 sqm block of land on the water at 7 Flemington Rd, Emerald, is on the market for $100,000.
The Central Highlands, which incorporates the cities of Emerald and Blackwater, affords the most effective worth for a patch of grime.
At simply $57 a sq. metre, the area is the most effective positioned for these desirous to stay giant, with the typical block measurement 700 sqm. Proper now, a 720 sqm block of land at 7 Flemington Rd in Emerald is up for grabs for simply $100,000.
The Redlands area can be good worth for cash relating to land, with the info exhibiting a median 550 sqm lot prices about $135/sqm.
A 584 sqm block of land on the water at 48 Canaipa Rd, Russell Island, is on the market for $128,000.
Mareeba and Hinchinbrook within the state’s north should not far behind at $138/sqm and $155/sqm, respectively.
Oliver Hume chief economist Matt Bell mentioned he anticipated elevated gross sales volumes and rising costs throughout all Queensland land markets in 2025, significantly within the second half as price cuts labored their method via family funds and stability sheets.
Mr Bell mentioned the median lot value in South East Queensland pushed to a brand new excessive within the December quarter, with progress according to that of established properties — whilst gross sales volumes fell as a result of a scarcity of provide.
Oliver Hume chief economist Matt Bell. Picture equipped.
“Annual value progress in median value phrases was 13 per cent in 2024, proper according to the annual change in established properties in Better Brisbane of 12 per cent,” Mr Bell mentioned.
“The value in greenback per sq. metre phrases has grown according to median value rises as lot sizes bought throughout South East Queensland has remained comparatively fixed at 420 sqm since 2018.”
Knowledge from Oliver Hume exhibits the Gold Coast is experiencing an ongoing scarcity of inexpensive residential land, with simply 65 vacant tons out there at a median value of $995,000.
This 612 sqm block of land at 115 Glen Retreat Rd, Mitchelton, is available on the market for affords over $950,000.
Greater than 50 per cent of obtainable land on the Gold Coast is comprised of premium homesites at Sanctuary Cove.
Oliver Hume Queensland common supervisor Dan Ross mentioned vacant land was changing into one of many Gold Coast’s most precious commodities as the provision of recent initiatives remained at historic lows.
“The Gold Coast inhabitants continues to develop a lot quicker than the remainder of the nation, and land provide isn’t maintaining with that progress,” Mr Ross mentioned.
This 589 sqm block of land at 27 Andrew Ave, Tarragindi, is available on the market for affords over $1.175m.
“The scarcity of land on the Gold Coast isn’t distinctive, with many different areas round Australia additionally experiencing shortfalls, however the scenario on the Gold Coast is especially acute.”
Mr Ross mentioned the scarcity of land on the Gold Coast would stay for the foreseeable future and was contributing to continued value progress.
“The common value for a sq. metre of land on the coast is now greater than $1500 and has grown steadily during the last 12 months,” he mentioned.
A 408 sqm block of land at 14 Fife Place, Hemmant, is on the market for $685,000.
Orchard Property Group CEO Ted Cronin mentioned he had been pressured to look additional afield for land improvement websites given the restricted provide.
“Consumers appear to have ‘FOMO’ as soon as once more and are wanting to safe their lot early within the course of,” Mr Cronin mentioned.
“Initially, they seem much less delicate to pricing, with their primary focus being on securing loads. “Many at the moment are open to coming into into unconditional contracts that aren’t topic to finance, taking the danger of securing finance later within the course of.”
