2017-04-11 P&E Agenda Attachment 1 to Item 1 Housing Needs Assessment

been higher than the price in the Sunshine Coast LGA, and has only been consistently lower than
Brisbane since the end of 2011. There was a significant spike in the price of vacant land in Noosa
Shire around 2003-2004 in response to a contraction of supply.

Figure 27. Median Vacant Land Sale Price, Noosa Shire and Comparisons, 1998-2015




Notes: Median price of vacant urban residential lots, sized 140m² to 2,500m², that were sold in the reporting
period based on date of contract.
Source: Queensland Government 2016e;

When the size of the vacant block is considered, the median price per square metre has fallen
lower than median prices in the Sunshine Coast LGA since about 2011, and is much lower than for
Brisbane LGA (Figure 28). This suggests that at least some of the higher median sale prices of
vacant land in Noosa Shire are due to larger lot sizes.




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