Research

Greater Brisbane Vacant
Land Market Report
November 2019

JLL’s latest Vacant Land Market Report provides a snapshot of recorded transactions over the June 2019 Quarter across the Brisbane, Ipswich, Logan, Moreton Bay and Redland Local Government Areas (LGA’s). 

November 29, 2019

JLL’s latest Vacant Land Market Report provides a snapshot of recorded transactions over the June 2019 Quarter across the Brisbane, Ipswich, Logan, Moreton Bay and Redland Local Government Areas (LGA’s). For the third consecutive quarter, the Ipswich LGA recorded the strongest price growth, with the median sales price per metre ($521) increasing 7.0% over the year to Jun-19. Logan City was the only other LGA to record an increase (+6.3%), while all other LGA's recorded declines.Median lot sizes have declined across the year to Jun-19 in the Ipswich (-0.5%), Logan (-2.7%) and Brisbane (-5.8%) LGA's, while Moreton Bay increased (+1.8%). Although the Redland LGA increased by a sizable 22.8%, sales volumes in 2Q19 were down 50% compared to 2Q18, as such the large increase is likely reflecting a shift in buyer preference to larger sized allotments.

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