The median land price in southeast’s Queensland surged by 11 per cent in the first quarter of 2025 to $437,900, overtaking Melbourne for the first time, reports realestate.com.au.
The analysis comes from the Oliver Hume Quarterly Market Insight report which analysed nearly 1,200 sales in Greater Brisbane.
It found that the median price per square metre (sqm) of land in Brisbane was now $1,043 per sqm.
This caps off a year of mega growth in land values across Greater Brisbane.
Brisbane, Moreton Bay, Ipswich and Logan recorded growth in land values of between 16 per cent and 30 per cent over the past year.
Sounds high? Sure is.
The median price for established homes in Greater Brisbane over the past year was 8.6 per cent, compared to a whopping 27 per cent for land.
So will the growth spurt continue?
Olive Hume chief economist Matt Bell says there is more to come.
“We still expect resilience in the southeast Queensland market, with interstate and overseas migration levels to remain strong and falling interest rates to support sales rates and median price growth.”
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