2023 - 2024 Land Monitor Report launched

L - R: Dr Joe McGirr MP, NSW Member for Wagga Wagga; Melanie Renkin, Research Officer at RDA Riverina; Tony Balding, HIA Wagga branch ; Scott Sanbrook, CEO of Committee4Wagga; Richard Pottie, Managing Director of Ladex Construction Group Pty Ltd; Rachel Whiting, CEO of RDA Riverina; Mark Hillis, RDA Riverina Board Member

Melanie Renkin, Research Officer at RDA Riverina, presenting the data featured in the Land Monitor Report 2023 - 2024.

Launched today in Wagga Wagga, The Land Monitor Report 2023-24 offers an analysis of vacant land supply, demand, and housing trends in the Wagga Wagga local government area. Population growth is putting strain on the housing market as projections indicate a need for 222 new homes annually, while lot production decreased 43.4% this year. Decreasing land availability contributes to rising land prices, rents, and house values, negatively impacting the local economy with significant losses in potential output and jobs.

The report is the result of a collaboration between Regional Development Australia Riverina, the Housing Industry Australia Wagga branch, and Committee4Wagga.

The report examines vacant lot distribution across suburbs, time to build, lot sizes, and future residential development potential. Additionally, the report looks at building approvals, and the median cost of construction as well as vacant land.

L-R: John Sidwick, Director Regional Activation at Wagga Wagga City Council; Tony Balding, HIA Wagga branch; Melanie Renkin, Research Officer at RDA Riverina; Greg Weller, Executive Director ACT/Southern NSW at HIA