The Sunshine Coast LGA residential land market has shown favourable results in 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 $581/sqm.
Sales rates have however declined for both land and house & land packages over this period. Lot approvals however have fallen considerably this year however this was due to a number of large scale developments approved in the prior years, the 725 approvals is in line with the low
2013-2014 results.
Sunshine Coast provides 2,554ha of land suitable for residential development, with potential to deliver around 38,0000 dwellings, representing an important growth corridor of South East Queensland with significant scope for future residential land development opportunities.
Credit: Ray White Commercial (Research)
