From the Housing Industry Association (HIA) comes its September quarter land sales report, which shows lot sales plumetting at the same time as prices surge to another record high:
“Residential land prices hit another new high during the September 2017 quarter as supply struggles to keep pace with demand,” stated HIA Senior Economist, Shane Garrett.
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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.
