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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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One House One Approval plan will drive affordability and faster approvals
“Planning reform is a major part of solving the nation’s housing crisis and all state and territory governments need to implement major reforms now, to stem the tide of unaffordable housing.
New federal funding for councils to support housing delivery
“The Federal government’s announcement that Councils are to receive $1.7 billion early funding to assist with the provision of shovel ready housing projects is a key part of addressing the nation’s housing puzzle,” HIA Chief Executive Industry & Policy, Simon Croft said today.
Queensland Budget released with a focus on “A place to call Home”
Earlier this week the LNP Queensland Government delivered its first State Budget for 2025-26.
Government delivers its first Budget with a focus on “A place to call Home”
Earlier this week the LNP Queensland Government delivered its first State Budget.