According to latest figures from HIA's Residential Land Report, the volume of people buying houses in the Hunter is declining.
HIA Hunter Executive Director, Craig Jennion says preliminary results highlighted vacant residential lot sales fell by 30% last year, which places the Hunter as the 6th weakest regional NSW market for land sales.
Results also highlighted the median lot price in the Hunter is now the highest in our history at $230,000 and is partly due to the slight increase in median lot size.
To assist, Jennion says the State Government should establish a process for monitoring and regular reporting on allotment availabilities.
