Australia. The escalating cost of residential land has significantly impacted new home construction in Australia. A report from the housing construction industry association indicates a massive surge in land prices for new home builds across the country.According to the report, land prices for new home construction have increased by over 513 percent since the year 2000. During the same period, the cost of construction and skilled labor rose by approximately 150 percent.The report notes that in the year leading up to September 2025, the national average land price increased by more than 10 percent, which is three times the rate...