These are the areas where buyers were still keen to get their own piece of land

first_imgThe Fraser Coast, doesn’t just have amazing views, water and beaches, it also has the lowest median land price in Queensland.LAND is still in demand with a new report revealing not everyone was chasing an inner city unit lifestyle.The latest Real Estate Institute of Queensland market monitor revealed across Queensland 1064 blocks of land changed hands during the past quarter. This was up from 955 blocks in the first quarter of the year.The greater Brisbane area was where most blocks sold with 581 selling for a median $221,977 during the quarter – up by 0.7 per cent.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by In terms of prices the highest median price for land less than 2400sq m was $325,000 on the Sunshine Coast. This was an increase of 16.9 per cent on the previous quarter.The region to experience the biggest leap in land prices was the Gold Coast where median prices went up by 18.2 per cent to $319,000.For those looking to buy a cheaper slice of the state, the median land price on the Fraser Coast was just $140,000.The report revealed the housing market in the Fraser Coast had been a consistently steady regional performer.It predicted added infrastructure including a new stage on the Hervey Bay Hospital and improvements to the Bruce Highway would continue to benefit the area.“The outlook for the region and the property sector would improve significantly if the proposed private sector investment materialises in the near future,’’ it said.last_img

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