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Tel: +1 (905) 415-9267 or +350 200 400 48

figures have been released by the Real Estate Institute of Queensland

18th Sep, 2012back

156 People who invested in land 10 years ago in Mackay, Australia, are a happy bunch today as figures have been released by the Real Estate Institute of Queensland that show an average increase in their investment of 221.9%.


The median price of a piece of vacant land under 2,400 sq m was $58,000 in 2002 and is now worth on average $188,000. That coupled with an increase of 3.9% in just the last 12 months shows that land is bucking the trend.


If the investor purchased land over 2,400 sq m they probably picked something up in the region of $71,000. Ten years on they are looking at a healthy return with a probable valuation for the same piece of land of $272,000 - a whopping 283.8% increase in value.


Land has proven time and time again that if an investor is looking for a long-term return that it seems a relatively safe bet.  In areas where builders are keen to improve housing or in burgeoning economic safehavens with a strong tourist trade, land will always be needed to help sustain the growth of that regional economy.


Mackay zone chairwoman Sally Richards said, "We do need the housing - because there is a shortage of affordable housing."


Other countries are hot on the heels of Australia with US and European land still a firm favourite with investors and builders alike.