Media Release | South East Queensland Land Prices Soar As Supply Drops

30 Apr

min read

National Head of Corporate Marketing & Communications

Mitchy Koper

Media Release | South East Queensland Land Prices Soar As Supply Drops

30 Apr 2026

min read

South East Queensland’s median land prices rose $51,900 in the March quarter to soar past $500,000 for the first time.
Median lot price is now $543,400, with only Ipswich and Logan retaining a median price under $500,000.
Sales volumes fell in every major corridor to contribute to overall SEQ sales being down nearly30%.

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South East Queensland land prices continued to surge in the first three months of 2026, lifting 10.6% to $543,400 as the volume of land sales plummeted nearly 30%, according to new research by Oliver Hume Property Group.

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Oliver Hume today released its latest quarterly sales and price data for the March quarter, which analyses thousands of land sales across key markets in Melbourne, South East Queensland and Adelaide.

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The research showed the volume of land sales across South East Queensland dipped for the third consecutive quarter, with the total number of sales falling 28.8% to 914, adding to the 15.1% drop in the December quarter. Sales volumes hit a four-year high of 1,500 in the June quarter of 2025.

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The 10.6% quarterly growth in median lot price in South East Queensland lifted annual growth to 24.9%.

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The Oliver Hume data shows Logan ($478,400) remains the most affordable region in the southeast, slightly ahead of Ipswich ($490,900). Logan prices rose 5.4% in the March quarter and 24.6% for the year.

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The price per sqm of land across South East Queensland rose 11.8% to $1,308/sqm, compared to $953 in Adelaide and $1,057 in Melbourne.

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Line chart showing South East Queensland land prices from September 2021 to March 2026. Median lot prices rise steadily from about $240,000 to $543,400, while land price per square metre increases from roughly $550 to $1,308, with both measures accelerating after 2024. — Source: Oliver Hume Research

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Gold Coast prices recorded another strong lift in the March quarter and have risen 32.3% over the last 12 months to $899,500. Gold Coast also recorded a lift in sales volume with 100 sales, compared to 48 in the December quarter and 59 in the September quarter of 2025.

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Median Prices for Queensland March Quarter 2026*

	Mar-25	Dec-25	Mar-26	QoQ %	YoY %	QoQ $	YoY $
Brisbane	$734,000	$927,500	$1,190,322	28.3%	62.2%	$262,822	$456,322
Gold Coast	$680,000	$867,975	$899,500	3.6%	32.3%	$31,525	$219,500
Ipswich	$409,900	$447,000	$490,900	9.8%	19.8%	$43,900	$81,000
Logan	$384,000	$453,700	$478,400	5.4%	24.6%	$24,700	$94,400
Moreton Bay	$454,036	$515,000	$542,000	5.2%	19.4%	$27,000	$87,964
Redlands	$543,300	$599,900	$672,900	12.2%	23.9%	$73,000	$129,600
SEQ	$435,000	$491,500	$543,400	10.6%	24.9%	$51,900	$108,400

*Selected Municipalities. Source: Oliver Hume Research

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Oliver Hume Chief Economist Matt Bell said South East Queensland’s performance reflected very strong demand and not enough supply.

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“Sales volumes fell in every major corridor to contribute to overall SEQ sales being down nearly 30%,” he said.

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“At the same time, prices rose in every corridor, with overall median pricing rising by 11% in the March quarter alone, securing a 25% rise annually. Some of the more extreme price movements for the Brisbane and Gold Coast corridors reflect small volumes and shifts in sales between regions and projects, and not only underlying price growth.

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“But the high-selling corridors of Ipswich, Moreton Bay and Logan all saw prices move between 5 and 10% in the quarter to get them all at 20% or above annual price growth.”

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