Oliver Hume chief economist Matt Bell said South East Queensland’s performance reflected very strong demand and not enough supply.
South East Queensland land prices have smashed through $500,000 for the first time as sales volumes plummeted nearly 30 per cent in the March quarter.
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 Australia.
The research revealed South East Queensland land prices continued to surge in the first three months of 2026, lifting 10.6 per cent to $543,400.
A 633sq m block of land at 62 Tejo Street, Holmview is on the market at offers over $589,000.
A 633sq m block of land at 62 Tejo Street, Holmview is on the market at offers over $589,000
The volume of land sales across South East Queensland dipped for the third consecutive quarter, with the total number of sales falling a whopping 28.8 per cent to 914, adding to the 15.1 per cent drop in the December quarter.
Sales volumes hit a four-year high of 1,500 in the June quarter of 2025.
The 10.6 per cent quarterly growth in median lot price in South East Queensland lifted annual growth to 24.9 per cent.
The Oliver Hume data shows Logan ($478,400) remains the most affordable region in the South East, slightly ahead of Ipswich ($490,900).
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The 5.56ha infill site at 112 Raceview Ave is tipped to attract strong interest as demand for premium housing intensifies.
New housing at Ripley.
Logan prices rose 5.4 per cent in the March quarter and 24.6 per cent for the year.
The price per sqm of land across South East Queensland rose 11.8 per cent to $1,308 per sqm, compared to $953 in Adelaide and $1,057 in Melbourne.
Gold Coast prices recorded another strong lift in the March quarter and have risen 32.3 per cent over the past 12 months to $899,500.
The 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.
Aurora Release at 224, Flagstonian Drive, Flagstone.
Oliver Hume chief economist Matt Bell said South East Queensland’s performance reflected very strong demand and not enough supply.
“Sales volumes fell in every major corridor to contribute to overall SEQ sales being down nearly 30 per cent,” he said.
“At the same time, prices rose in every corridor, with overall median pricing rising by 11 per cent in the March quarter alone, securing a 25 per cent 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.
“But the high-selling corridors of Ipswich, Moreton Bay and Logan all saw prices move between 5 and 10 per cent in the quarter to get them all at 20 per cent or above annual price growth.”
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