Melbourne’s shoe boxes fail affordability test

Advertisement

By Leith van Onselen

The AFR has produced the below table showing the average price and size of apartments being built across various parts of the city:

ScreenHunter_13352 Jun. 06 09.46

As you can see, apartments in the CBD are being priced at more than $10,000 per square metre, with surrounding areas only slightly below this level.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.