Greenfield housing land values in south-east Queensland have doubled in some cases in the past two years as unprecedented numbers of southern developers target the fast-growing region.
In a classic case of low supply meeting high demand, agents and developers say there are now twice the number of buyers bidding for fewer major land parcels in the Brisbane, Gold Coast and Sunshine Coast development corridor, pushing prices to record levels.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com