Earlier this month, the Australian Bureau of Statistics (ABS) released its 2013-14 Australian System of National Accounts (ASNA) data release, which provided a detailed presentation of annual national accounts data.
Locked away on Table 61 was my favourite section of the release: data on aggregate land values at the state and national levels. This years release confirmed that, at a national level, the land values underpinning the Australian house prices surged, with all states and territories recording growth in nominal terms, but with New South Wales and Victoria leading the way.
