The great Australian land bubble bulges

Thursday 20 October 2016

The Housing Industry Association (HIA) has released its land sales report for the June quarter of 2016, which revealed yet another rise in vacant lot prices to a record high median of $237,535. However, there was a much-needed rebound in the number of land sales, although these were down over the year and fell heavily in Sydney and Melbourne.

According to the HIA release:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.