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1.Market Observations, 8.Was Sticky

25 July 2019 (AFR) – Demand for land plunges to a new low

(25 July 2019, AFR, p41, Nila Sweeney, Reporter)

Median lot prices - capital cities (HIA, CoreLogic, AFR)

Median lot prices – capital cities (interactive graph) (HIA, CoreLogic, AFR)

‘Residential lot sales across Australia sank to a record low in the first three months of the year, dragged down by falling demand for new homes. Only 7236 lots were sold in the March quarter – almost 50 per cent below the average of the past decade according to the latest HIA-CoreLogic Residential Land Report.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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