The Housing Industry Association (HIA) and RP Data have released their latest Residential Land Report, which reveals that median vacant lot price across Australia hit a record $205,330 as at June 2014 after rising by 1.1% over the quarter (see next chart).
Capital city lot prices rose by 1.8% in the quarter to be up by 7.4% compared to the June 2013 quarter. By comparison, land prices in Regional Australia were essentially flat in the June 2014 quarter (down 0.1%) to be up by 4.1% over the year.
Advertisement