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{{propApi.successMessage}} {{region}} Change locationConstrained land supply sees knock-down rebuild market grow
Constrained land supply sees knock-down rebuild market grow
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The HIA-CoreLogic Residential Land Report provides updated information on sales activity in 51 housing markets across Australia, including the six state capital cities.
“Over the year to the March Quarter 2022, median lot prices increased by 19.7 per cent. This is not a normal increase – it is the strongest annual growth rate since 2004.
“Constrained supply of land will limit housing activity in Greenfield areas from mid-2023 onwards.”
“New data released by the ABS on demolitions suggests that knock-down rebuilds and small redevelopments are around 25 per cent of the market for house and townhouse builders in New South Wales. Encouragingly, this segment of the market appears to be growing rapidly, creating new opportunities for the industry,” added Mr Ward
According to CoreLogic Economist Kaytlin Ezzy: “The scarcity of available residential land continues to be a driving factor across Australian land markets, with land prices surging at a time when the number of lots sold is declining. While increasing interest rates, rising construction costs and increased uncertainty, particularly across the building industry, has likely smothered some land demand, the surge in land prices suggests that those that want to build are finding it difficult to secure lots.”
“With land often taking more than a decade to move though the development pipeline, it’s unlikely we’ll see any material change in land supply for some time.” says Ms Ezzy.
Discussion Paper on Inspection Policies for Proposed Practice Direction Updates
HIA provided a response to the Discussion Paper on Inspection Policies for Proposed Practice Direction Updates.
HIA welcomes new approach on Launceston Council staff hours
The Housing Industry Association (HIA) today welcomed the City of Launceston’s decision to take its proposal to reduce ordinary working hours to 30.4 hours per week off the table at this time, recognising the importance of maintaining council capacity to support local business, housing delivery, and the broader community.
Planning Scorecard reveals standout reformers amid housing target shortfall
The Housing Industry Association (HIA) has today released its 2026 Planning Blueprint Scorecard, revealing a growing divide between states embracing bold reforms and those stuck in a ‘business-as-usual’ approach.
Land prices a massive constraint on home building in Victoria
“Over the last 25 years, the price of the typical new residential lot of land in Victoria has risen more than four times faster than construction costs,” stated HIA Executive Director Keith Ryan.