PHOTO: The most expensive median land price in Queensland is out of the Gold Coast, followed by Sunshine Coast with Brisbane third.
A NEW report has found the price of land has shot up 15.5 per cent across state capitals in the past 12 months alone.
The price of capital city vacant residential land grew three times as fast as blocks in regional areas, according to the latest national land report, released Tuesday.
The surge was driven by a massive 38.4 per cent rise in Melbourne’s median lot value, which was reinforced by Perth’s 14.1 per cent jump over the past year, the Housing Industry Association-CoreLogic Residential Land Report said.
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