The HIA-CoreLogic Residential Land Report has been released, which revealed a whopping 29.3% rise in Melbourne’s median lot price per square metre, with the typical median Melbourne lot value surging to $359,000:
“In Sydney, residential land prices peaked at $479,000 per lot in the September 2017 quarter. Today’s results indicate that the typical lot price in Australia’s largest market has fallen to $467,500 during the March 2018 quarter,” explained Shane Garrett.
