Land values soar in south-east Queensland

The south-east Queensland property market experienced notable shifts in the first quarter of 2025, with land sales patterns revealing a changing dynamic between key regional centres. While Ipswich saw a decline in sales, Logan surged ahead to become the leading area for land transactions across south-east Queensland during this period.

Overall sales volumes across south-east Queensland remained largely flat over the quarter, despite continued strong growth in property prices. This could signal emerging changes within the region’s market dynamics.

One of the most striking developments was Logan’s median land price surpassing Melbourne’s for the first time, closing the gap by nearly $30,000 and effectively erasing south-east Queensland’s traditional affordability edge over Victoria’s capital.

This shift challenges the usual assumptions about south-east Queensland as the more affordable option and suggests that even with anticipated interest rate cuts and ongoing population increases, the market may not respond as strongly as before.

Despite these evolving trends, the outlook for south-east Queensland remains optimistic. The region’s robust economic fundamentals and its appeal to interstate and international migrants are key drivers supporting continued demand.

With strong migration inflows and the prospect of easing borrowing costs, the south-east Queensland market is expected to maintain resilience, supporting both sales volumes and property value growth moving forward,

This nuanced picture underscores how local market forces are reshaping the south-east Queensland property landscape, offering investors and buyers important insights as they navigate future opportunities.