Land shortages are pushing lot prices to a new record high, up by more than quarter compared to pre-pandemic prices. 

Over the year to September the medium price of lots increased by 3%, taking the price to around $340,000

During Covid, regional areas saw a large spike in land prices and sales.

rural reporter Georgia Kondek spoke with Corelogic Economist Kaytlin Ezzy about how this increase indicates just how restricted the supply is.

Land shortages are pushing lot prices to a new record high, up by more than quarter compared to pre-pandemic prices. 
Over the year to September the medium price of lots increased by 3%, taking the price to around $340,000
During Covid, regional areas saw a large spike in land prices and sales.
rural reporter Georgia Kondek spoke with Corelogic Economist Kaytlin Ezzy about how this increase indicates just how restricted the supply is.

The Rural News

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia’s largest media business and international correspondents.

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia&rsquo;s largest media business and international correspondents.