Land Values Continue to Soar

The national land market performed strongly in 2025 and continues to surge, particularly in Australia’s smaller cities and regions.

Oliver Hume data shows that South-East Queensland’s median land prices rose by 10.3% ($51,900) in the March quarter to pass $500,000 for the first time. Its median lot price is now $543,400.

The price per sq metre of land across South-East Queensland is up by 11.8% to $1,308/sq m, compared to $953/sq m in Adelaide and $1,057/sq m in Melbourne.

‍The median lot price in Adelaide rose by 11.3% to $417,500 in the March quarter, which is almost $100,000 higher than 12 months ago and higher than Melbourne for the first time.

Median land prices across Melbourne fell 0.8% in the March quarter and are down 0.7% over the past 12 months. The median lot price is now $406,000.

Oliver Hume chief economist Matt Bell says South-East Queensland’s performance reflects very strong demand and not enough supply.