Coast to run out of land supply within two years with Redland, Logan markets tightening

Looking to build? Forget about the beach and Brisbane’s south and look to Central Queensland where new state data reveals some secret spots. WATCH THE VIDEO

Shoreline is one of the largest housing estates being built in southeast Queensland, but land releases on the coast are becoming rare.

Land supply is tightening with popular addresses south of Brisbane due to run out of greenfield sites by 2026. But

Home builders wanting to buy land should avoid the Gold Coast, Sunshine Coast, Noosa and Brisbane, while Logan, Redland, Maranoa and Moreton Bay were also areas where building land was expected to be in tight supply over the next three years.

Home builders wanting to buy land should avoid the Gold Coast, Sunshine Coast, Noosa and Brisbane, while Logan, Redland, Maranoa and Moreton Bay were also areas where building land was expected to be in tight supply over the next three years. Isaac, in Central Queensland, Gladstone and Banana Shire offered the most land supply over the longest period, State Development Department data released this week showed.

Isaac, in Central Queensland, Gladstone and Banana Shire offered the most land supply over the longest period, State Development Department data released this week showed.

Land supply was gauged across 36 local councils with Isaac, just south of Mackay, in Central Queensland having the most with 726 years’ supply.

Forget about trying to buy land for building in Noosa, which only has 1.2 years of supply, the least of all 36 council areas.

Logan had 4.3 years of land supply, with excess building land expected to be depleted by the end of 2026.

Redland followed closely with 4.5 years of land supply.

Isaac, in Central Queensland, Gladstone and Banana Shire offered the most land supply over the longest period, State Development Department data released this week showed.

Builders at Redland Bay’s Shoreline estate this week revealed the developer, Lendlease, was withholding the release of land, which has been set aside for future stages, until a sewerage treatment plant was built.

Land release in Redland was also a topic raised at this month’s Redland City Council meeting.

Thornlands land owner Michael O’Brien told the council he believed the city would struggle to meet state government supply targets of more than 700 urban development blocks released a year.

“Shoreline, Redland’s largest urban development, is unable to supply any further land until at least 2024,” he said.

“Other smaller urban developments at Double Jump Rd, Bunker Rd, Clay Gully, Prospect Cres and Brendan Rd are all under the control of one developer who does not allow other builders on its land but can only deliver a maximum of 100 homes a year.

“Redland council’s current policy suggests the city will achieve 70 per cent of required urban development land from ‘infill’ development.

“With recent critical shortages of both urban development land and housing diversity, I believe now is the time for this council to come together and put forward a motion to extend the urban footprint and free up land at Woodlands Dr, Taylor Rd and Boundary Rd.”

Coastal regions to run out of land supply within two years with Redland, Logan markets tightening within five years.

A damning report from economic think tank Prosper Australia, this week, found land banking by developers of big masterplanned estates was jacking up the cost of an average lot for homebuyers by as much as $194,000.

The report said in Queensland, Stockland’s Aura at Springfield and Lendlease’s Yarrabilba in Logan were examples.

Deputy Premier Steven Miles said forecasting the number of residential lots that would be approved within any given time frame was “a very difficult practice” as it relied on localised market factors and the timing of when development applications were submitted to councils.

“The department, instead, uses established and accepted methods to assess the available short-term land supply for local governments.”

The community has been asked for comment on plans for the extension of the Shoreline project on Serpentine Creek Rd, with submission due to close on August 5.