New statistics released today show new land sales have fallen 17 per cent, since the March quarter this year.

CEO of Urban Development Institute of Australia WA, Tanya Steinbeck told 6pr Radio she’s not surprised by the data amidst the labour and material shortages the industry is battling.

Click PLAY to listen to the full conversation with Oli Peterson.

“Land prices have been very steady, its really been the construction side that’s been hit the hardest,” she says.

“I don’t have a crystal ball, but I would hope that once we start  to see those supply chain pressures ease from the construction side of things… we hope prices from the construction side will start to soften.”