Looking at land in Queensland? What the last six months could mean for the future

Impressive price growth across Queensland’s property market this year is boding well for the future, real estate experts predict.

Values have held firm during the past six months despite five consecutive interest rate rises, with Brisbane’s median house price up 0.2 per cent to $840,594, according to the June 2022 Domain House Price Report.  

Land sales are also tracking well with developers expecting continuous demand for both vacant blocks and house and land packages in new estate communities.

South-east Queensland is a hotspot for local buyers and interstate relocators searching for new homes, says David Laner, general manager of Queensland property group Stockland.

“South-east Queensland is a great place for anyone looking for a diverse lifestyle – a place to live life your way,” he explains.

“Premium waterside locations, such as Newport, are popular among those looking to upgrade or downsize, and for interstate buyers. 

“Aura on the Sunshine Coast and Providence in South Ripley appeal to first-home buyers, those looking to upgrade, as well as interstate buyers.”

People are attracted to these communities for more than just the prospect of a brand-new home.

The sunny, subtropical climate appeals to those who either live in hotter places up north or colder places down south. The average annual temperature is 19 degrees – 24 degrees in summer, 20 degrees in autumn and spring and 14 degrees in winter.

The beauty of south-east Queensland is also the proximity to the water. A shoreline or river’s edge is never far away and, for many buyers, this represents a quintessentially Australian way of life.

“At our Queensland communities, there are beautiful coastlines within a few kilometres of homes on the Sunshine Coast, bayside and lakefront living in Moreton Bay and nature reserves to explore in Ripley,” Laner says.

Plus, Stockland has 70 years of experience creating vibrant liveable communities in Australia. They thoughtfully curate master-planned communities so that residents can lead convenient, active and connected lifestyles. This means amenities such as transport links, shops, schools and parks are all nearby.

“With our communities connected locally to employment, schools, recreation and entertainment – while also being central to Brisbane, listed as one of the most liveable cities in the world – it’s no wonder people are calling Queensland home,” Laner says.

Buyer’s advocate Melinda Jennison says that, despite a recent fall in consumer confidence across Australia, Queensland’s property market is in good health. Smart buyers may even seize the chance to buy now while more cautious buyers hold back, she adds.

“There’s been a lot of nervous buyers and they’ve been in a holding pattern, so the level of demand has diminished simply because of the degree of consumer confidence,” Jennison says. 

“In my opinion, it’s a good time to buy if you are in the market to buy a specific type of property because you’ll be buying with less competition and you’ll have the opportunity to negotiate. Equally, for investors, it’s a great time to buy because there’s less competition, there is the opportunity to negotiate and you’re not going into multiple offer situations on multiple properties.”

Queensland property – particularly that in locations with strong lifestyle connections – is expected to offer buyers increasingly good value in the future. With the Olympics coming to Brisbane in 2032, home buyers know their investments will grow in the coming years. 

What’s more, Sydneysiders and Melburnians are continuing to migrate to Queensland in the wake of pandemic restrictions. Most are well aware their dollar travels further in Queensland where housing is more affordable.

In the coming months, activity is likely to kick off with the warmer days of spring being a traditionally popular time for home buyers to inspect properties, negotiate deals and get on top of their real estate goals.