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{{propApi.successMessage}} {{region}} Change locationLand prices continue to dash the dream of home ownership (NSW)
Land prices continue to dash the dream of home ownership (NSW)
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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.
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Victorians returning to new home market Vic
“New home sales in Victoria just saw their third consecutive monthly increase, up by 15.7 per cent in the month of May,” stated HIA Executive Director Victoria, Keith Ryan.
Sales of new homes rise to 13-month high
“The volume of new home sales increased by 6.9 per cent in the month of May 2025, to reach the highest level in 13 months,” stated HIA Senior Economist, Maurice Tapang.
Further exemption for work with legacy engineered stone
SafeWork NSW has granted an additional exemption to the prohibition on working with engineered stone. This exemption allows for the temporary removal and reinstallation of existing engineered stone to enable repair or modification work to the supporting cabinetry.
New national President for the Housing Industry Association (HIA)
HIA is pleased to announce the recent appointments of National President, Mr Ian Hazan and National Vice President Mr David Morris.