After a pause in recent years, the latest report indicates that the cost of vacant residential land in Australia is back on the rise as supply pressures continue to mount.

Published by Housing Industry Association in Conjunction with real-estate information analytics provider RP Data, the latest HIA/RP Data Residential Land Report shows that while land sales volumes throughout Australia contracted by 4.7 per cent in the March quarter of this year, median prices of vacant residential lots increased by two…