Healthy forecast re the latest HIA Land Report

The latest HIA-RP Data Residential Land Report provided by the Housing Industry Association provides a healthy forecast for the construction industry in 2014/15. The cost of residential land was up 7.4 per cent from a year earlier; 4.1 per cent outside the state capitals. The median price of land in the June quarter increased by 1.1 per cent to $205,330. According to RP Data research director, Tim Lawless, the bounce back after a softer March quarter result suggests there may still be some life left in the residential land sector. “This is the strongest result since the June quarter of 2013 which is welcome news. A rise in land sales implies a rise in detached housing construction about six months down the track which in turn provides a substantial multiplier for the Australian economy; more jobs, more building materials, home furnishings, appliances and white good sales.”吉联达珍 LJGillandRealEstatePtyLtd http://www.ljgrealestate.com.au/index.php?lan=ch