Ultimately dwelling prices are partly a derivative of the value of the land which sits underneath.
And capital city land values in particular are roaring higher.
The Housing Industry Association (HIA) released its latest land price data for Q1 2015 in conjunction with CoreLogic-RP Data.
It showed that land prices jumped another 4.1 per cent higher in the March 2015 quarter.
Nationally residential lot values have increased by around 19 per cent over the past 5 years.