Hot Land Development Spots in Queensland

Hot Land Development Spots in Queensland

Land developers in Australia are flocking to the sunshine state in droves. Queensland dominated the 2016 list of most-clicked land developments promoted on realestate.com.au. The state managed to take out seven of the top 10 spots.

These results build upon previous trends, indicating that development in Queensland is becoming increasingly popular and doesn’t look likely to slow down anytime soon.

 

Land Development Spots in Queensland

Most Popular Land Development Spots of 2016

  1. Pacific Harbour, Banksia Beach, QLD
  2. Gainsborough Greens, Pimpama, QLD
  3. Pacific Cove, Pimpama, QLD
  4. Sunshine Cove, Maroochydore, QLD
  5. Jimboomba Woods, Jimboomba, QLD
  6. Ardennes, Edmondson Park, NSW
  7. Lightsview, Northgate, SA
  8. Arise and Rochedale, Rochedale, QLD
  9. Arcadian Hills, Cobbitty, NSW
  10. Pelican Waters, Pelican Waters, QLD

 

The most popular development spot was Pacific Harbour, Banksia Beach on Bribie Island, an hour from Brisbane’s CBD. The popularity of this area is driven by the opportunity to build an affordable waterfront property driving distance to Brisbane city.

 

Southeast Queensland – One of the Strongest Land Markets

According to figures released last year by the Urban Development Institute of Australia, Southeast Queensland has one of the strongest land markets in the country, with 11,344 blocks released to the market in 2015. This represented a 4.8 per cent increase, following gains in the two years preceding.

Another notable trend is that lot sizes are continuing to shrink, dropping 4.1 per cent to an average of 488 square metres. Despite the smaller blocks, prices continued to rise, soaring to $524 per square metre and a 2015 average of $255,750. The shrinking of lot sizes is consistent with national trends.

 

Future Development Trends

In Queensland, it’s likely that price increases will slow down but blocks will continue to get smaller as more landowners subdivide and develop dual occupancies. While Queensland is fitting in with the national trend of land lots getting smaller, the Southeast region, which encompasses greater Brisbane, the Gold Coast and the Sunshine Coast, has the biggest land size of the nation’s capital cities.

Queensland treasury data showed that Southeast Queensland has enough undeveloped land to sustain 10 years of medium residential development. But this land is located in less popular, low-growth areas such as Logan and Ipswich, whereas the rest of the region lacks the supply to meet demand.

Policy reform is the key to further improving opportunities for developers. The Queensland property and development industry carries among the highest burdens in any industry in terms of charges and taxes. While the existing cap on maximum infrastructure charges has assisted, the taxation system needs to be reformed to encourage the production of new housing stock.

 

Experienced Development Consultants in Queensland

If you’re looking for a development consultant, town planner or an experienced surveyor in Queensland, get in touch with Arnold Development Consultants. With more than 50 years of experience in surveying and town planning, our consultants can help in a variety of projects all across Queensland. Contact us today.