Urban Development Institute of Australia have recently released a ‘State of Land’ report based on the National Land Survey Program (NLSP) by Charter Keck Cramer and Research 4.
The report looks at the current state of the greenfield land market across the five main capital cities in Australia. There are some really interesting findings which, in turn, advises us on housing affordability across our country.
Specifically, Melbourne’s greenfield market was found to be out performing other capital cities. However, limited supply and fast rising prices is seeing a decrease in lot sizes.
There is a definite need to protect Melbourne’s affordable land market, and from key policy-makers we need decisions that enable a consistent supply of land, healthy levels of competition and reasonable tax rates.