The Property Tribune

The March quarter saw land sales dip by 22% according to Urban Development Institute of Australia (UDIA) figures.

While easing government stimulus measures may be a factor, the CEO of UDIA’s WA branch Tanya Steinbeck, believes skills and materials shortages are at the root of the decline.

Ms Steinbeck warns that the shortage is leading to an undersupply of land which could put housing affordability at risk.

1,880 new land sales were recorded in the March 2022 quarter, a figure down from the last few years of sales boosted by State and Federal government building stimulus.

To read the article in full including further comments from UDIA WA CEO Tanya Steinbeck, click here.