Summary of Market Update for South East Queensland
Sound Fundamentals in SEQ continue to underpin investors requirements
- Value of vacant land on the rise and average lot size across SEQ now at 480 sq/m and prices lifting to $544 per sq/m
- Since 2009 land values across SEQ grew by just under 50%
- Anticipated to grow by 15% through to end 2017
- Current house and land packages vary from $400k to $550k in SEQ
- Demand for detached housing will represent around a third of properties purchased
- Demand for smaller dwellings or attached dwellings on the increase in SEQ rising to two thirds of the demand over the next 10 years
- Apartments, Townhouses, Dual Occupancy or detached on small lots
- Cane fields connecting Brisbane and Gold Coast set record sale with 248 farms joining forces to sell a vast parcel of land 6117 hectares for a huge new City changing the face of Morton Bay forever
- New City of Colour – Aura releases first 100 lots for sale on Sunshine Coast. Aura will deliver an $11Bn boost to SEQ economy read more here
- Maroochydore begins construction of Maroochydore Principal Activity Centre called SunCentral a new city from the ground up
- Outer Brisbane continue to attract 50% of the population growth with an estimated 36% of new jobs becoming available
- Demand is coming from young families and singles looking for lifestyle change and jobs moving into SEQ, downsizers, retirees, investors and first home buyers
- Sunshine Coast is quoted as an Economy in Transition with a varied supply of new infrastructure creating thousands of new jobs. Sunshine Coast is Australia’s 10 largest city read more here
- New Land release and acquisition in Sippy Downs to provide housing for thousands of new residents to cater for population growth read more here
- Sunshine Coast University Hospital due for opening in 2017 will be the largest hospital in the Southern Hemisphere creating thousands of new jobs read more here
- Greater Springfield and Springfield Lakes continue to grow from strength to strength on the back of new job creation, government investment into infrastructure and industry investment. Ipswich planned to become Brisbane’s version of Sydney’s Parramatta read more here
