{{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-COVD 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:
Victorian Budget Contains Few Positives for Home Builders
This year’s predictable ‘election focused’ State Budget has missed the opportunity to improve the environment for home building. It contains few positive measures to increase housing supply, address housing affordability and lower the costs facing new home builders.
HIA welcomes grant extensions in NT Budget but calls for stronger skills focus
“The Housing Industry Association (HIA) says the Northern Territory’s 2026–27 Budget maintains key housing incentives but falls short of the investment needed to significantly lift housing supply and address skills shortages in the construction sector,” said Luis Espinoza, HIA Executive Director, Northern Territory.
Queensland Government delays adoption of NCC 2025
The Queensland Government has confirmed while the National Construction Code (NCC) 2025 has been formally adopted, its commencement in Queensland has been deferred until 1 May 2027.
Victorian budget – Victoria no easier, safer or affordable for business
“The 2026/27 Budget handed down by the Victorian government today once again does not deliver meaningful tax reforms that will increase housing supply, address housing affordability and lower the costs facing home builders,” says HIA Victoria Executive Director, Keith Ryan.