Perth's soaring land prices show few signs of slowing down
Perth new land sales have soared by 31 per cent over the past year and show little sign of slowing down as a lack of supply proves problematic for those looking to build a new home.
Land sales in Perth's outer suburbs are falling but lot prices continue to rise rapidly (pictured: Iluka, in Perth's northern suburbs). (Image source: Shutterstock.com)
Perth property buyers continue to seek new land purchases but are finding it increasingly difficult to access a limited market.
The latest figures from UDIA WA’s March 2025 quarter Urban Development Index (UDI) reinforce important trends shaping the future of Greater Perth’s property market.
While the numbers show a decline in new lot sales, this shift is not reflective of a downturn in demand but further evidence of supply constraints continui…
