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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 release of the HIA-CoreLogic report has again highlighted that housing affordability is at an all-time low, and we need more shovel ready land as soon as possible to arrest the continued increase in land prices.
“The report is also a reminder that the NSW Government needs to take a serious look at stamp duty settings. With land prices this high, stamp duty is an even greater hurdle to buying a home.
“Stamp duty is an inefficient tax. It represents a significant additional cost that discourages the population moving to a more appropriate home that best suits their changing needs.
“HIA supports broad-based taxation that collects sufficient revenue to provide necessary government services.
“It is becoming rare for first home buyers to be able to access grants even in regional NSW. Current stamp duty exemptions and grants for first home buyers must be lifted to be reflective of home and land prices across both metropolitan and regional NSW.
“We need to make housing a priority across all levels of government before the great Australian dream of home ownership becomes nothing but a fantasy,” concluded Mr Armitage.
The Victorian Housing Industry Association (HIA) takes this opportunity to make a submission ahead of the 2026-27 State Budget.
“Access to skilled labour deteriorated further, across almost all regions and all trades, as the number of homes under construction grew in the March quarter this year,” stated HIA Senior Economist Tom Devitt.
Industry was recently advised that a preview of NCC 2025 was published, and will be available for adoption from 1 May 2026.
Saturday 25 April is Anzac Day and is an observed public holiday. In addition, Monday 27 April has also been gazetted as a public holiday in NSW and the ACT this year.