Price Of Land Rises As Demand Falls

“The price of land for new residential building has continued to rise despite a fall in demand,” said HIA Chief Economist Tim Reardon.

The March 2019 edition of the HIA-CoreLogic Residential Land Report provides updated activity in 47 markets across Australia, including the six state capital cities.

“In the September 2018 quarter land lot prices across Australia rose 0.8 per cent to reach $279,949,” added Mr Reardon.

“Over the same period the number of residential land lots sold…