Land price increase on the Sunshine Coast
The November 2017 release of the Regional Radar revealed that the median land price has increased on the Sunshine Coast. The price rose by 8.1% over the last 12 months, to $280,000.
The Regional Radar also reported that a total 1,707 vacant blocks of land were sold on the Sunshine Coast over the last 12 months.
Branch President Brent Thomas said strong rents were an indicator people wanted to live in the region as well as a sign that more stock is needed.
“The growth in median land price also supports this sentiment,” Brent added.
“We are concerned that short term land supply is an issue on the Sunshine Coast and the branch is actively discussing this with stakeholders.”
View the November 2017 Sunshine Coast Regional Radar.
The exclusive new research, powered by leading property consultancy CoreLogic, reveals the latest sales and rent figures, as well as affordability indexing. The Regional Radar equips your business with knowledge of the best performing suburbs all with the click of a button.
Access data from other regions.
The Institute's Research Foundation, proudly presented by Construction Skills Queensland (CSQ), fills the critical gap in research available through the delivery of both industry and consumer insight and analysis.
The Research Foundation facilitates the progression of the development industry by providing members with the information required to make decisions based on hard evidence. Through a more informed development industry, more affordable and diverse housing will be delivered to Queenslanders.