HIA: Land prices hit record as sales evaporate

Thursday 28 July 2016

The Housing Industry Association (HIA) has released its land sales report for the March quarter of 2016, which revealed a further divergence between vacant lot prices, which continue to climb to record highs, and the number of land sales, which remain stuck in the doldrums having 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.