Housing industry insights
Advocacy & policy
News & inspiration
Support & guidance
Member perks
Industry insurance
For your business
Apprentices
Building it right
Building materials & products
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 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
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 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:
New rules add thousands to the cost of a new home as Tasmania falls years behind on housing
From today, every new home built in Tasmania must meet the full Livable Housing Design requirements. The Housing Industry Association says this adds thousands of dollars to the cost of building a home, at a time when Tasmanians can least afford it.
Rules for managing the risk of falls have changed - are you up to date?
Changes to Western Australia's requirements for managing the risks of falls will commence on 1 October 2026, introducing new expectations for builders, contractors and workers undertaking tasks where there is a risk of falling.
Livable Housing Design: final stage now in force
As of today, 1 October 2026, all new building work in Tasmania, unless exempt, must comply with all requirements of Part H8 Livable Housing Design of NCC Volume Two.
ACT housing approvals slump puts 2030 target under pressure
“The ACT’s housing supply pipeline is weakening, with building approvals in the three months to August halving compared with a year earlier,” said HIA Executive Director ACT and Southern NSW, Geordan Murray.