Melbourne’s shoe boxes fail affordability test

Monday 6 June 2016

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

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.

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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.