{{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 locationLand prices accelerated in 2024
Land prices accelerated in 2024
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-Cotality Residential Land Report provides updated information on sales activity in 52 housing markets across Australia, including the six state capital cities.
“Lot prices have rapidly re-accelerated, finishing 2024 8.0 per cent higher than a year earlier, compared to more modest increases of 4.4 per cent and 3.3 per cent in 2022 and 2023, respectively,” added Mr Devitt.
“At the same time, 2024 represented the weakest calendar year of residential lot sales since 2000. Last year there were just 42,590 lots sold, down by 5.7 per cent on the previous year’s 45,150.
“The fact that these record low sales volumes occurred at the same time that land prices re-accelerated from record highs, is indicative of shortages of shovel ready land, driven by the rising cost of providing infrastructure and delays in the planning system.
“This suggests that dwelling price pressures will also persist, especially as demand for housing increases across the country.
“Elevated population growth, low unemployment rates and recovering real incomes have been bringing more aspiring homeowners back to the market in a number of states, and recent interest rate cuts will get more of them over the line.
“This increased demand will require a strong pipeline of shovel ready land to mitigate the pressures on affordability going forward.
“The re-elected Albanese Government has flagged investments in “enabling infrastructure” to help bring more residential land to market.
“One of the key barriers to increased housing supply is essential infrastructure such as utilities and transport which is often the very last thing standing in the way of commencing construction on an actual home.
“Fast-tracking this infrastructure is fantastic value-for-money for the government but care must be taken not to limit the funding of this infrastructure to only specific buyer groups or housing types.
“HIA recently released a paper on Who should pay to make water flow uphill, describing the paradox of trying to make housing more affordable by placing heavier cost burdens on new home building.
“Conditions on infrastructure funding, like a form of inclusionary zoning, can be well-intentioned but ultimately counterproductive,” concluded Mr Devitt.
Cotality Economist Kaytlin Ezzy said, “The lack of affordable shovel-ready land continues to be a significant barrier preventing the delivery of new housing stock to the market, with many prospective buyers instead shifting demand to the established market.”
“The RBA reported a decline in new dwelling purchase inflation in both the December 2024 (-0.2 ppt) and March 2025 (-0.4 ppt) quarters, despite a continued, albeit more moderate, rise in construction costs, with builders and developers increasingly offering promotions and incentives to entice new business.”
“This suggests that some of the previous hurdlers in delivering new detached housing, including material and labour shortages, have abated, while land availability and affordability remain a significant blocker.”
For more information please contact:
Red tape, innovation and skills key issues for housing roundtable
The Housing Industry Association (HIA) will join senior industry leaders in Melbourne this week for a national roundtable convened by the Hon Clare O’Neil MP, Minister for Housing, Minister for Homelessness and Minister for Cities, focused on unlocking productivity across the housing sector.
Potential amendments to the Biodiversity Conservation Regulation 2017
HIA has consulted with its members who are active in land development in Regional NSW to provide comments on the Consultation paper and those comments are presented in this submission letter.
Plans for Independent Planning Advisory Service shelved
The Housing Industry Association (HIA) has welcomed the news that the ACT Government has abandoned plans to introduce the Independent Planning Advisory Service (IPAS).
Home building materials prices still slower than CPI
“Home building materials have continued to experience only modest cost increases, up by 1.6 per cent in the 2024/25 financial year,” stated HIA Senior Economist, Maurice Tapang.