land , page-17

"Something I never thought i would never see people paying more for a block of land than the home they build on it.This is happening in parts of Sydney at the moment."


and that tells you what?

it tells me the limits of affordability have been reached

go to SQM research and have a look at the stock on market charts which are stacked bar charts - units on houses

and notice the difference between states in the proportion

sydney and darwin units almost the same as houses