Housing industry insights
Advocacy & policy
News & inspiration
Support & guidance
Member perks
Industry insurance
For your business
Apprentices
Building it right
Managing your business
Managing your safety
Building your business
Other subjects
A rewarding career
Study with us
A job in the industry
Grow with us
Our podcasts
Our initiatives
Get involved
Awards
Awards winners
Industry events
Most popular products
Top categories
For your business
{{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 locationLand supply to constrain building activity in 2023
Land supply to constrain building activity in 2023
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 volume of land sales fell to record lows in the September 2021 quarter and continued falling in the December quarter despite ongoing strong demand for land and housing,” said HIA Economist, Angela Lillicrap.
The HIA-CoreLogic Residential Land Report provides updated information on sales activity in 51 housing markets across Australia, including the six state capital cities.
“At the same time, the median price of land increased by 13.4 per cent or $35,900 in 2021. This is the strongest annual growth since 2004,” added Ms Lillicrap.
“The decline in the volume of sales while the price continues to increase rapidly, is a clear indication that there is a significant shortage of shovel-ready residential land.
“Other leading indicators, including HIA’s New Home Sales Report, show that demand for housing remains elevated compared to pre-COVID levels. However, the sales occurring are now looking to a commencement in at least 12 months’ time.
“There are significant constraints which prevent land supply from quickly responding to changes in demand. As a result, land will be the largest constraint on home building activity from mid-2023,” concluded Ms Lillicrap.
According to CoreLogic’s research analyst Kaytlin Ezzy: “It’s unsurprising that land supply is struggling to keep up with demand, given the strong uptick in land sales seen over the second half of 2020 as demand for vacant land responded to the HomeBuilder policy. While the reduction of construction related stimulus and rising construction costs have likely softened demand to some extent, the sharp rise in median prices over 2021 suggests that supply constraints are a larger factor in the trend towards fewer land sales.”
“As land prices and construction costs continue to push the cost of new housings higher, it is possible some demand will shift towards the established housing market, particularly as it moves towards the downwards phase of the cycle,” says Ms Ezzy.
For more information please contact:
Planning reforms welcome step forward for housing supply
The Housing Industry Association (HIA) has welcomed the passage of the ACT Government’s latest planning legislation, saying the reforms will help reduce delays, streamline approvals and support the delivery of more homes across Canberra.
HIA welcomes joint commitment to support 66,000 new homes across Victoria
“The Housing Industry Association (HIA) welcomes the Commonwealth and Victorian Government’s joint funding agreement to commit nearly $3 billion to support the delivery of more than 66,000 new homes, including 25,000 for first home buyers across the state,” said HIA Chief Executive Industry & Policy, Simon Croft
Secure Australian Jobs Framework
Residential building and its associated supply chains should remain exempt from the Framework and any related procurement obligations. Government efforts would be better directed towards improving productivity, reducing unnecessary regulatory burden, strengthening enforcement of existing workplace laws and supporting practical workforce initiatives that increase housing supply and workforce capacity.
Applications open for Queensland's $2.4 billion Infrastructure Activation Fund
The Queensland and Australian Governments have officially opened applications for the new $2.4 billion Infrastructure Activation Fund (IAF), providing grant funding and interest-free loans to help deliver the critical infrastructure needed to unlock new housing across Queensland.