Where Infill and Greenfield Compete
Adelaide struggles in the face of slow population change. The low level of demand is now bringing together the land and infill markets. Both sectors are endeavoring to capture what little demand is in play. This is bringing the performance of the land market down. Land sales reduced for the quarter by 12%. The median lot price feel 2%. Production fell 16%. Same old issues facing this market, concentration of supply in one corridor and very low established house prices. The outlook is more of the same.