{{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 locationRecord land prices set to impair goal of 1.2 million homes
Record land prices set to impair goal of 1.2 million homes
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
The HIA-CoreLogic Residential Land Report provides updated information on sales activity in 52 housing markets across Australia, including the six state capital cities.
“The median price of a residential lot in Australia reached $351,044 in the June Quarter 2024, rising 2.2 per cent in the quarter to be 6.0 per cent higher than at the same time the previous year. This new all-time high was achieved alongside the sale of just 10,788 residential lots in the quarter, one of the weakest quarters of sales of the 21st century,” added Mr Devitt.
“A rise in the price of land, while the volume of sales is suppressed, indicates that the shortage of shovel ready land is deteriorating further.
“This weakness of sales alongside record high prices is present across capitals and regional areas.
“In Sydney, the volume of lot sales in the year to June was less than half its decade average. In Melbourne, they were about one-third of its decade average. In both of Australia’s largest capitals, the lack of new supply is sustaining lot prices around record highs.
“Melbourne in particular has struggled more than other capitals to see an improvement in lot sales, with buyer confidence likely impaired by additional taxes imposed on land and housing supply, further adding to costs and restricting supply.
“These taxes include a windfall gains tax applied from July 2023 and a land tax surcharge applied from January 2024.
“In Brisbane, Adelaide and Perth, the price of greenfield lots of land reached all-time highs in the first half of the year. Brisbane prices are even catching up to Melbourne. These record prices are being reached alongside – at best – unremarkable volumes of lot sales.
“This points to the need to ensure a solid pipeline of shovel-ready land, especially as confidence returns to these markets.
“Policymakers must work to reduce constraints and costs on new home building. This includes measures as set out in the HIA Planning Blueprint consisting of accelerating planning processes and approval times to facilitate increased infill development as well as speeding up the release of greenfield land and increased funding for critical enabling infrastructure to make projects shovel-ready faster.
“Meeting government housing targets and improving housing affordability requires a significant boost to home building. Increasing land costs and uncertainties on industry and households will have the opposite effect,” concluded Mr Devitt.
CoreLogic Economist Kaytlin Ezzy said, “The record high median land prices recorded in the June quarter amid below average sales continues to point towards an ongoing undersupply of land hampering the addition of new housing stock.
“Over the year to June, approximately 176,000 homes were completed nationally. While up by 1.2 per cent year-on-year, this was 8.4 per cent below the decade average and 26.6 per cent below the 240,000 a year needed to meet the Government’s five-year housing target.
“Without a steady flow of shovel-ready land, it’s likely land prices will continue to trend upwards, and dwelling approvals and completions will continue to fall short of target.”
For more information please contact:
Desyn Homes wins HIA South Australian Home of the Year
Desyn Homes won the 2025 HIA South Australian Home of the Year for a spectacular addition and renovation that perfectly balanced modern design with heritage character.
Exceptional Cairns home wins HIA North Queensland Home of the Year
Leading residential builders, designers, manufacturers and guests from across North Queensland gathered on Saturday 8 November at The Ville in Townsville to celebrate the 2025 HIA North Queensland Housing and Kitchen & Bathroom Awards.
Changes to NSW dual occupancy controls in certain local government areas
Recent changes to planning controls made by the NSW Government further extend permissibility for dual occupancy development in NSW.
Supporting the next generation of builders is key to WA’s housing future
Western Australia’s construction industry has faced significant disruption over the past five years, with rising costs, supply chain challenges, and economic uncertainty contributing to the loss of hundreds of registered builders and many more contractors across the state. As the housing market continues to grow and demand for new homes intensifies, rebuilding the builder base is critical — and that starts with supporting new entrants through the builder registration process.