{{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:
Queensland building leader Jodie McKenna crowned HIA Building Woman of the Year
Queensland’s home building industry gathered in celebration as the 12th annual HIA Queensland Building Women Awards honoured outstanding achievement, leadership and influence, shining a spotlight on the remarkable contribution women are making to building more homes across the state.
Regional housing must be a top priority for Victoria's next Government
The Housing Industry Association (HIA) will bring together industry leaders, businesses, community representatives and policymakers in Ballarat on Tuesday for a regional housing roundtable focused on the critical role housing will play in supporting the future growth and prosperity of regional Victoria.
Preventing Pipe Failure Starts Below Ground
The HIA has been advised that due to an increase of plumbing audit inspection failures, from the 1st of September, the Office of the Technical Regulator (OTR) will be further policing non-compliance in the installation of sanitary plumbing and drainage pipework, namely the bedding of sanitary drainage pipes.
Senate Inquiry must focus on delivering more housing, not more reports
The Housing Industry Association (HIA) has welcomed the establishment of the Senate Economics References Committee Inquiry into social housing, describing it as an important opportunity to identify the reforms needed to deliver more housing of all forms at scale and address the bottlenecks holding back housing supply broadly.