Sunshine Coast most expensive regional market to buy land: HIA-RP Data

The Sunshine Coast is the most expensive regional market to buy residential land, according to the latest HIA-RP Data Residential Land Report.

The median lot price on the Sunshine Coast is just under $250,000, around $25,000 more expensive than buying it on the Gold Coast.

Overall, sales of residential land picked over the June Quarter.

“The June 2012 quarter saw residential land sales rise by 23.3% to be up by 29.7% when compared to the same period in 2011,” said HIA chief economist, Harley Dale.

“Growth is from a low base and the result is exaggerated by a policy-induced pull-forward in land sales in New South Wales and Victoria. Nevertheless, land sales did rise in all six state capitals and in a majority of regional areas and that is an encouraging result.”