13

The third post of our three part series on SEQ urban land development.

This week I look at new land development supply in more detail.

Another three tables this week.

Table 1: Major SEQ municipalities: Total urban residential allotment approvals

Table 2: Major SEQ municipalities: Total approved urban residential projects

Tables 1 and 2 tell me:  That new land development approvals have fallen substantially across SEQ over the last five years.  The fall in new future land supply is most marked in several municipalities including the Gold Coast, Sunshine Coast, Moreton Bay and Ipswich.

There has been a fall in the number of new approved projects in Logan.

Table 1 outlines total residential allotment approvals whilst table 2 shows that number of new approved land projects.

Table 3: Major SEQ municipalities: Development approvals by size

Table 3 tells me:  That most of the new land projects across SEQ are now small developments, with 86% holding under 10 allotments.  These smaller projects, however, hold just 12% of the total approved allotments.

Most new land – some 66% – is held in larger new projects, holding over 50 allotments apiece.  However, there were just 44 ‘large’ projects approved across SEQ over the last 12 months.

The average size of a new land estate across SEQ is now just 13 allotments!