Yesterday, the Housing Industry Association (HIA) issued a media release whinging that lot prices have gone through the roof and demanded that governments release more land:
The cost of residential land prices rose by 8.5 per cent, adding further to the cost of new home building,” added Mr Reardon.
“Land supply has been in tight supply for the past two decades and the surge in demand in 2020 has seen land prices in Sydney rise 27.1 per cent in the past year alone. The strength of demand for land is set to continue throughout 2022 and into 2023.
