UDIA's State of the Land shows 2022 greenfield lot sales almost halved, apartment sales at a 12-year low and lot prices up 20 per cent, with completions forecast 50,000 below the 200,000 needed annually. UDIA president Maxwell Shifman calls the report a 'canary in the coalmine'.
As I told the Australian Financial Review: “The UDIA’s latest report serves as the ‘canary in the coalmine’ for governments to act now to bring new housing supply online, and ensure affordability does not degrade even further,”
Australian Financial Review, 29 March 2023 — Read the full article