In the June 2015 quarter, national residential land sales increased by 17.6 per cent, while the weighted median residential lot price increased by 0.6 per cent over the quarter to be 5.2 per cent higher than 12 months earlier.

“Today’s update shows that a rise in land sales was accompanied by an easing off in the pace of price increase in Australia’s residential land market,” said HIA economist, Diwa Hopkins. “This compares with previous quarters which saw strong price increases amid declining land sales.” “While the June quarter result…