Residential lot prices soar to new heights

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The federal government’s Homebuilder policy has successfully brought forward a stack of demand for new houses, more than offsetting the collapse in immigration:

Australian dwelling construction

Big dwelling oversupply in the pipeline.

But one of the unfortunate byproducts is that it has also helped juice lot prices across the nation, which have soared to new record heights, led by extreme growth across Sydney:

Residential lot prices

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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.