HIA: Land prices rocket as sales evaporate

Thursday 21 April 2016

The Housing Industry Association (HIA) has released its land sales report for the December quarter of 2015, which revealed a further divergence between vacant land prices, which continue to climb to record highs, and the number of land sales, which fell again in the latest quarter and have tanked over the past two years (see next chart).

According to the HIA release:

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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.