This185 square metre square driveway block in Petrie Terrace was auctioned off for $855,000. (ABC News: Liz Gwynn)
Brisbane City Council has passed amendments to its planning laws which will allow smaller lot sizes and taller buildings in some suburbs.
The changes are hoped to unlock thousands of new dwellings and provide alternative property types in places people want to live.
The council is already being urged to do more to unlock housing supply as Brisbane's population grows.
A "pint-sized driveway" that sold at auction for $855,000 in Brisbane could become future housing under changes being made to lot sizes.
Minimum block sizes in some Brisbane suburbs will be slashed to just 120 square metres in an effort to boost housing supply, but some within the property industry have warned the plans may not go far enough.
An auction on Saturday in the inner-suburb of Petrie Terrace, which is characterised by small block sizes, demonstrated the high demand for land housing.
Under the changes this driveway will be able to be redeveloped into housing. (ABC News)
The block of 185 square metres, labelled as a "pint-sized driveway" was auctioned off for $855,000.
Ray White real estate agent Nick Hall said he believed it could be a record price for the size of land.
"I did sell another property in Petrie Terrace for $1.1 million a couple of years ago but it's a little bit bigger than this," he said.
"This is within walking distance of the CBD, the new Olympic venues, Brisbane Grammar … so it's a very convenient area in which to live and get in and out of."
About 14 per cent of Brisbane is zoned low-to-medium residential. (Supplied: Brisbane City Council)
The changes, adopted by the Brisbane City Council on Tuesday, reduced the minimum lot size down from its current 260 square metres.
They will apply in areas zoned as "low-medium density", which accounts for about 14 per cent of the city's residential land.
