[smoo]

Been looking at house and land packages with the possibility of signing up to one in a few months. They had been what looked like good value compared to sale prices of existing housing stock.
The areas I’m looking at in WA for new builds have increased in price $100-200k across the board over the last 4-6 weeks or so.
Unsure if the increases are justified or home builders are cashing in on a heated market that has seen gains in existing dwellings over the past few years.
And if this has been the case in other states?

One thing it has done is lowered the appeal of a new builds with a potential 18-36 month build time and the associated stress and variation cost blow out that come with it.
Easier to buy an existing house, pay stamp duty and be done with it.
One more contributor to add to the housing shortage I guess.