A Message from Simon Basheer, UDIA National President
The Urban Development Institute of Australia (UDIA) State of the Land report is invaluable as the industry’s most comprehensive overview of new home markets across our capital cities.
It is even more important, as we continue to feel the economic disruption caused by the COVID-19 pandemic and begin to chart the path to recovery – both as a nation, and an industry.
New home construction delivers jobs, wages, prosperity and activity up and down supply chains. Our industry has been pivotal to sustaining economic momentum through the downturn and in doing so, provided a pathway into home ownership for tens of thousands of Australians.
That is made clear by the data in State of the Land. After a significant slump as the pandemic first arrived, land sales surged – partly due record low interest rates and HomeBuilder stimulus, and partly due to pent up demand stored across our capital cities.
For all the good news, and the prospects of strong activity well into 2021, the question remains: do development pipelines, land sales and pricing soften as we resume the road back to normality.
As outlined later in this document, UDIA National’s advocacy efforts are firmly aimed at working with governments to boost supply pipelines, break the back of planning and tax barriers, restart overseas migration and ensure a balanced approach to supply and demand.
Download a Summary of Headline Statistics from State of the Land 2021.
State of the Land 2021 Partner:
