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CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 15 October 2015

Land prices rise +5.2pc

Land prices rise

Land prices rose by +5.2 per cent over the year to June 2015, reports the Housing Industry Association (HIA).

Over the 5 years from June 2015 the median lot value across Australia has increased by around 16 per cent to just above $215,000.

Despite a rebound in the number of lot sales, volumes remained below where they where in the prior year corresponding period, reported the HIA.

Previous releases by the HIA have shown a large discrepancy between the very strong price gains in capital cities and slower price gains regional Australia.