The Daily Dose #321 | State of the Land: Queensland Doubled, Victoria Didn't

Two states. Same data. Same method. Queensland doubled and Victoria did not. That is the headline from the first State of the Land reports, and it is close to the least useful thing in either of them.In this episode Az walks through what is actually inside the Queensland and Victoria editions, section by section, and what to look for when you open them. The reports are built on 26 straight quarters of real lot sales inside active estates. Not building approvals. Not median house prices. Every release and every unsold lot is counted and sorted by frontage and area, which is why these reports can tell you what a lot format costs instead of what a suburb costs.The six things to look for:Median lot price, and the direction and pace behind itMonths of supply, and whether you can buy land at allAbsorption rate, the early warning sign for where the work is headingTitled stock, the number most people skip and the one that wrecks a programThe corridor breakdown, 12 corridors in Queensland and seven in VictoriaThe lot itself, frontage, format, and what you pay per square metreQueensland is sitting at 1.6 months of supply. Victoria is at 5.4. Same country, two completely different markets.Builders, suppliers and trades usually find out what the land market did after it has already done it, and usually from someone with something to sell off the back of it. This is the benchmark instead.State of the Land is produced in partnership with Terralytics. Links to both reports are below.Hosted by Az. The Good Builder.