Gold Coast land sales have increased by 20 per cent compared to the same time last year according to new research.
Property services agent Oliver Hume’s quarterly land sales report for south east Queensland revealed that there had been a median average of 125 land sales per month, for the year to date, compared to 104 last year.
Oliver Hume Joint Managing Director Brinton Keath (pictured) predicted that the final tally would be even higher by the year’s end.
“A number of major projects have brought forward land supply individually, and from what is being reported, are all likely to record numbers for the second half of this year,” he said.
Mr Keath said the strong market was not just confined to one sector, with both the retail and investment land markets reflecting very high sales levels.
The median price for land also increased slightly from $230,000 to $234,200 – now the second highest average land price ever recorded on the Gold Coast.
“Prices will continue to increase on the back of the complete lack of developable land available on the Gold Coast,” Mr Keath added.
