Residential land prices have soared to new highs across capital city markets, sending the cost of vacant land in Sydney over $1,000 a square metre.
The median national lot price increased 8.5 per cent to $256,683 in the 12 months to June, according to the latest Housing Industry Association-CoreLogic Residential Land Report.
Prices in Melbourne increased by 19.6 per cent over the year, 9.8 per cent in Sydney and eight per cent in Adelaide.
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