Advertisement
Recently, it was reported that the median price for a housing lot in Melbourne had passed the $300,000 mark, driven by the influx of new arrivals into Melbourne pushing up against sluggish land supply:
Melbourne’s long-held status as the country’s most affordable new housing market is under severe threat with median lot prices hitting $300,000 in October, pushing the total cost of building a new house to well over $500,000…
The full text of this article is available to MacroBusiness subscribers
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.