The Gold Coast land market has shown robust results over the last few years, which continued over the course of 2017. The volume of vacant land sales has however shown significant reductions although it has not dampened the median price across the region. Lot values have seen sizeable gains over the past 12 months after the prior few years had recorded minimal growth which was keeping affordability in check, the decreasein average lot size being a contributing factor.
The true growth on a per sqm basis has been consistently positive (albeit at a slower rate) and shows encouraging signs for the market. The fall in lot approvals on the back of limited availability of greenfield land is helping push prices upward. Other indicators such as the house and land packages value increases emphasises the ongoing demand for housing in this location, which is expected to remain similar for the rest of 2018.