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.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Enter your details below and create a login
The HIA-CoreLogic Residential Land Report provides updated information on sales activity in 51 housing markets across Australia, including the six state capital cities.
“Residential lot sales picked up across Australia, increasing by 0.9 per cent in the December Quarter to 10,666, to be up by 24.6 per cent over the course of the 2023 calendar year,” added Mr Devitt.
“Activity is stronger in Brisbane, Adelaide and Perth, where sales volumes recovered to levels consistent with – or greater than – pre-pandemic. This compares to Sydney, Melbourne and Hobart, where sales are still around 15-year lows or lower.
“This is consistent with other work by HIA pointing to a brighter outlook for home building in Queensland, South Australia and Western Australia, off the back of more affordable land, employment opportunities, and the exodus of residents from the other states and territories.
“What is worrisome is the effect this is having on prices. While lot prices in the weaker Sydney, Melbourne and Hobart markets appear elevated but contained, lot prices in Brisbane, Adelaide and Perth pushed up again towards record highs.
“Moreover, even in these stronger markets, sales volumes are still a long way down from pandemic heights.
“The fact that land prices are re-accelerating alongside such a modest recovery in sales volumes, suggests it will not be long before the number one constraint on new home building is, once again, the availability of land.
“State and local governments that do not help bring sufficient shovel-ready land to market – both greenfield and infill – will struggle to do their share of the Australian government’s national target of 1.2 million new homes over the next five years,” concluded Mr Devitt.
CoreLogic Economist Kaytlin Ezzy said, “The uptick in land prices and sales is following similar patterns to the overall housing market, with growth skewed towards the mid-sized capitals and corresponding regional markets.
“The combination of higher interest rates and low land supply has seen new annual dwelling approvals fall 12.8 per cent over the past year. While the government's $1 billion of additional funding for the Housing Support Program, announced on budget night, should help alleviate some of the infrastructure hurdles for land development, it will take some time for this to translate into an increase in land supply and land availability will likely continue to be a major factor hindering growth in overall housing supply.”
“The focus on Fee Free TAFE is distracting from the real issue facing the supply of housing in Australia. Successive governments have been aware of the persistent and structural skill shortages across key construction trades for decades and the current policy approaches are doing very little to shift the dial,” said HIA Managing Director Jocelyn Martin.
Reports featured in the media today are a good reminder that home ownership still matters to Australians, and we need to build more housing, of all types to keep the dream of home ownership alive,” said Brad Armitage, HIA Executive Director NSW.
On behalf of all of us at HIA we would like to wish you a very happy 2025! As everyone heads back to work for the new year, we are sharing some exclusive member updates to get you ready for what lies ahead and perhaps what you might have missed while you were away.
HIA has read with interest the Homes for NSW Discussion Paper, and particularly the intention to deliver more and better homes and develop a system that is flexible enough to respond to emerging needs and new approaches.