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Land becoming rare and pricey

More, cheaper land will need to be found if the Government wants to build one million new homes over five years, the housing industry said this week.

The latest HIA-CoreLogic Residential Land Report Land shows that residential land prices increased over the year to the June Quarter 2022 by 15.4%, the fastest rate of annual growth since 2004.

CoreLogic Economist Kaytlin Ezzy warned that until there is a noticeable change in supply, median land prices will likely remain elevated.

About Adam Nobel

CEO | Principal
M. Bus, Grad Dip Adv, B.Int Bus, LREA


0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 22 years experience in property investment, and 16 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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