Land prices rocket across capitals

first_img Dream home not what you might think Gold Coast $260,000Sunshine Coast $255,000Brisbane $238,750Far North $170,000Darling Downs $170,000Northern $150,460Mackay $147,000West Moreton $146,000Wide Bay-Burnett $145,000Fitzroy $145,000 (Source: HIA-CoreLogic Residential Land Report) The Housing Industry Association-CoreLogic Residential Land Report June 2018 was released on Tuesday October 23, 2018. FOLLOW THE COURIER-MAIL REAL ESTATE QLD pair tipped to win The Block “On a per-square metre basis, Melbourne is still the capital city market with the strongest price increases over the past year,” the report said. “Over the year to June, the price of land rose by 26.5 per cent in Melbourne, 8.6 per cent in Adelaide, 7.5 per cent in Brisbane, 6.3 per cent in Sydney and 2.2 per cent in Perth. Prices in Hobart fell by 6.4 per cent.” Millions spent to snap up Brisbane ‘castle’ Brisbane buyers have a unique advantage in that their capital city land prices have actually gone backwards in the past quarter by -1.5 per cent. As well as that, the Queensland capital’s median of $238,750 was third highest in the state.The report found that the Gold Coast had the highest median residential lot value at $260,000 followed by the Sunshine Coast at $255,000.In every other state, it was the capital city that had the highest prices, led by Sydney ($477,250), Melbourne ($375,000), Perth ($250,000), Adelaide ($220,000) and Greater Hobart ($148,000). QLD median residential lot value: MORE: Every other major capital saw single digit rises, with Brisbane land prices growing the slowest of the capitals at 1.5 per cent, followed by Hobart (2.1 per cent), Adelaide (2.8 per cent) and Sydney (4.2 per cent). More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoBrisbane’s residential land sales and median lot value. Source: HIA-CoreLogic Residential Land Report. The most expensive median land price in Queensland is out of the Gold Coast, followed by Sunshine Coast with Brisbane third.A NEW report has found the price of land has shot up 15.5 per cent across state capitals in the past 12 months alone.The price of capital city vacant residential land grew three times as fast as blocks in regional areas, according to the latest national land report, released Tuesday.The surge was driven by a massive 38.4 per cent rise in Melbourne; s median lot value, which was reinforced by Perth’s 14.1 per cent jump over the past year, the Housing Industry Association-CoreLogic Residential Land Report said. Brisbane’s median land price was $238,750, according to the latest HIA-CoreLogic land report. Picture: Jono Searle. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 4:18Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -4:18 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p400p400p320p320p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenReal estate – Prestige Listings – Elizabeth Tilley04:19last_img

Leave a Reply

Your email address will not be published. Required fields are marked *