The Courier Mail | Tiny Gold Coast block smaller than an apartment sells for unbelievable $550,000

Property journalist Samantha Healy has reported that a tiny Gold Coast block smaller than an apartment has sold for an unbelievable $550,000, in an article published in The Courier Mail and on realestate.com.au.

The price of vacant land in southeast Queensland has surged in 2025, with some smaller blocks fetching record prices. A prime example is an 89sq m lot in Southport, which sold for an astonishing $550,000, or $6,179 per square metre. This is significantly higher than the average apartment size of 118sq m and the typical Aussie house size of 230sq m. Other small blocks also sold for large sums, such as a 197sq m plot in Kelvin Grove for $920,000 and a 188sq m lot in Maroochydore for $605,000. These sales reflect a shortage of available land, particularly in popular areas like Southport, where land supply is limited due to rapid development. The trend of shrinking land sizes is evident in recent data, with more small lots being sold in Logan, Ipswich, and Moreton Bay. Vacant lot prices have increased dramatically, with Brisbane seeing a 29.9% rise and the Gold Coast experiencing a 22.9% increase. Despite the small sizes, buyers are still eager to purchase due to flexibility and lower entry points, particularly in growth areas.

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