June 2018 – Redland City LGA Vacant Land, 2017 Calendar Year Report

21 June, 2018 / Vanessa Rader and Mark Creevey

The results for the Redland City shows strong growth in Lot approvals to calendar end 2017, however diminishing land settlement and house & land settlement rates. Rates per sqm of land area have also shown a reasonable increase, close to 10%, over this same period. These trends are representative of diminishing land supply throughout the region and we expect take up of stock to remain strong through the second half of 2018, which should place upward pressure on value levels.

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