realestate.com.au | South East Queensland Land Prices Soar Past $500,000 as Sales Volumes Plummet

Property journalist Aleisha Dawson reports for realestate.com.au on Oliver Hume Property Group's March quarter land sales data for South East Queensland, which reveals a market defined by strong price growth against a backdrop of sharply declining sales activity.

The Oliver Hume research shows the SEQ median lot price broke through $500,000 for the first time, rising 10.6 per cent in the quarter to $543,400, lifting annual growth to 24.9 per cent. Sales volumes fell 28.8 per cent to 914, the third consecutive quarterly decline.

Chief Economist Matt Bell attributed the dynamic to a fundamental supply and demand imbalance, noting that prices rose across every major corridor even as volumes fell. The high-selling corridors of Ipswich, Moreton Bay and Logan each recorded between 5 and 10 per cent quarterly price growth, putting all three at 20 per cent or above annually.

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