South East Queensland’s (SEQ) land market is feeling the pressure. With buyer demand holding firm and land supply reaching its lowest level in over a decade, the squeeze is on — and prices are reflecting it. 

Land supply hits 10-year low 

Just over 8,000 urban lots were registered across SEQ in the year to March 2025 — the lowest annual figure in more than 10 years. In many of the region’s growth areas, stock has dipped below one month’s worth of supply, underscoring the depth of the current shortage. 

Prices rise as lot sizes shrink 

Demand remains strong, with buyers trading land size for affordability. The median land price in SEQ rose 15% over the past year, reaching $425,000. The average lot size has now dropped to 420sqm, while the price per square metre has surpassed $1,000 for the first time on record — a milestone highlighting the region’s acute land scarcity. 

Toowoomba and Scenic Rim led the charge in annual price growth, rising 51% and 29% respectively, as more buyers seek lifestyle and affordability further from Brisbane’s core. 

 

Interest rate cuts lift confidence 

Market sentiment is also shifting. The RBA’s 0.25 basis point rate cut in May — taking the cash rate to 3.85% — has begun to restore buyer confidence. Historically, rate cuts have sparked renewed land market activity. Early signs of recovery in the Consumer Confidence Index suggest a similar trend could unfold in the months ahead. 

Investor activity rebounds 

Investor momentum is building. Queensland investor loans rose 24% year-on-year to 47,015 — overtaking Victoria for the first time in five years. Long-term fundamentals like population growth, infrastructure investment, and the 2032 Olympics continue to underpin SEQ’s appeal. 

Unlocking future supply is critical 

Despite growing demand, delivering new lots remains a challenge. Land constraints are particularly pronounced in Brisbane, Moreton Bay, and Logan. With active projects unevenly distributed across the region, a coordinated and strategic response will be essential to meet future housing needs. 

This article references findings from our July 2025 SEQ Greenfield Market Report. Read the full report here.