{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationHunter and Central Coast land prices soar
Hunter and Central Coast land prices soar
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
“The recently released HIA-CoreLogic Residential Land Report shows that compared to the March 2021 quarter the number of residential land sales in the June 2021 quarter decreased by 49.27% on the Central Coast, 42.38 % in Newcastle and Lake Macquarie and 16.5% in the Hunter Valley.”
“This data, combined with an increase in land prices, reflects a shortage of land following the surge in demand after the announcement of HomeBuilder last year,” added Mr Jennion.
“The median lot price on the Central Coast in the June quarter was $380,000, a 9.35 per cent increase over the previous quarter. Similarly the Newcastle and Lake Macquarie median price was $415,000, a 18.57 per cent increase over March 2021. This placed the neighbouring regions eighth and fourth on the list of the most expensive regional markets nationwide. In contrast the Hunter Valley median of $214,000 was a 0.46 per cent fall over March 2021.”
“The median lot prices however do not account for differences in the characteristics of the lots being traded, such as their size. As a result a more appropriate approach is to use price per square metre to track land value.”
“The median price per square metre for the Central Coast was $790, an increase of 4.22 per cent from the March quarter. The median price per square metre for Newcastle and Lake Macquarie was $764, an increase of 30.15 per cent from the March quarter. All locations remain affordable in comparison to Sydney, the most expensive capital city in the country, who recorded a median square metre price of $1,412.”
“The report also found that the Central Coast has the 8th smallest median lot size of regional areas at 519 square metres during the March quarter. In contrast the median block size coming to market in Newcastle and Lake Macquarie was 570 square metres and 604 square metres in the Hunter Valley.”
“The significant reduction in sales and an increase in price for residential land has not just occurred on the Central Coast and in the Hunter. We have seen the median price in Greater Sydney increase by 11 per cent and the number of sales fall 48.28 per cent in the June quarter.”
“The process of turning a paddock into ‘shovel ready’ land can take over a decade in Australia. As a result, it is difficult for land supply to respond to changes in the short term and we are starting to see the impact of this with the increase in prices,” concluded Mr Jennion.
For more information please contact:
Women key to building the homes Australia needs
The Housing Industry Association (HIA) is marking International Women’s Day by recognising the growing contribution of women in Australia’s residential building industry and encouraging more women to consider a career in construction, said HIA Managing Director Jocelyn Martin.
More time for consultation on proposed minimum financial requirements
As a result of consistent and forthright HIA advocacy, the Victorian Government has extended by two weeks the time available to industry to provide feedback on proposed new minimum financial requirements (MFRs) for home builders.
International Womens Day with spotlight on Jess Berry
International Women’s Day Spotlight: With Managing Director of PIQUE, Jess Berry
HIA SA Election Imperatives 2026
Less than a month now until the state election and the announcements from the political parties are coming thick and fast.