{{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 a massive constraint on home building in Victoria
Land prices a massive constraint on home building in Victoria
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-Cotality Residential Land Report provides updated information on sales activity in 52 housing markets across Australia, including the six state capital cities.
“Since 2000, residential land prices in Melbourne have increased by more than 500 per cent, and more than 600 per cent across regional Victoria. Over the same period, construction costs and the price of skilled labour little more than doubled. The long-run escalation in housing costs has been driven overwhelmingly by land,” added Mr Ryan.
“The way governments release, service and tax land has embedded the cost of infrastructure, delays and planning decisions into land prices. Those costs are paid upfront, capitalised into land values and ultimately borne by new home buyers.
“The latest HIA-Cotality Residential Land Report, released this week, also shows the median price of residential land in Melbourne rose again in the September quarter to a near record high, up almost 10 per cent over the year and growing at more than three times the pace of consumer price inflation.
“It was easy over the last few years to lose sight of what has been the most pressing constraint on Victorian home building – everything has been under pressure since the pandemic.
“But the return of housing demand on the back of strong population growth and tight labour markets, together with a dearth of new apartment projects in recent years, is once again putting greater pressure on state pipelines of shovel-ready land.
“The shortage of shovel-ready land is central to solving the affordability challenge.
“Without a healthy pipeline of shovel-ready land across both Melbourne and Victoria’s regions, along with all the associated infrastructure, fairly funded, the return of demand for new housing will be diverted into the established housing market, further driving up prices and worsening the affordability crisis,” concluded Mr Ryan.
Download our HIA-Cotality Residential Land Report
Residential Median Lot Value - Victoria
For more information please contact:
Help to Buy on the way for Tasmanians
The Housing Industry Association (HIA) has welcomed the Tasmanian Government’s decision to join the Federal Help to Buy Scheme, describing it as a sensible and long overdue step that will help more Tasmanians into home ownership while supporting new housing supply.
ACT Government's plan for trade licensing a step closer with consultation now open
The ACT Government has released a consultation paper exploring the extension of occupational licensing to additional construction trades.
National approach to granny flats to unlock thousands of new homes
The Housing Industry Association (HIA) is calling for a unified national framework for granny flats and secondary dwellings to ease the housing affordability squeeze - arguing that we could learn from recent changes in Tasmania to permit up to 90 per square metre granny flats and our neighbours in New Zealand who are now fast-tracking compliant small homes.
HIA calls for ‘knock-down rebuild’ of the National Construction Code
The Housing Industry Association (HIA) has lodged a major submission calling for a comprehensive overhaul of the National Construction Code (NCC), warning that excessive regulation and complexity is slowing the delivery of new homes across Australia.