Realestate.com.au | Gold Coast Land Supply Down 35% in Three Months

What's Behind the Gold Coast's Shrinking Land Supply

Realestate.com.au property journalist Aleisha Dawson reports on a $146 million Queensland Government infrastructure package aimed at unlocking nearly 19,000 Gold Coast homes, drawing on quarterly land market data from Oliver Hume.

Gold Coast Land Market Conditions

Oliver Hume Chief Economist Matt Bell said available homesites fell 35 per cent in three months, from 92 at the end of March to just 68 by the end of June, against continuing demand from local buyers and people moving to the region. Oliver Hume research recorded 70 new land sales on the Gold Coast in the June quarter, compared with 1,216 across the broader southeast Queensland market, while the median lot price eased 8.8 per cent quarterly to $820,000 but remained 16 per cent higher year on year. The median price per square metre reached $1,752, up 27.1 per cent over the quarter, and available lots carried a median asking price of $1.199 million by the end of June.

What the Infrastructure Funding Could Unlock

Mr Bell said the quarterly dip in the median lot price reflected the small number and changing mix of lots sold rather than a broader deterioration in conditions, pointing to the 16 per cent annual increase as the more meaningful trend. Oliver Hume Queensland General Manager Dan Ross said the Gold Coast's issue was a shortage of serviced, development-ready land rather than weak demand, and that funding for roads, sewerage, water and other enabling infrastructure was fundamental to bringing planned communities to market across growth corridors including Coomera, Pimpama, Robina and Worongary.

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