Chinese developers take “stranglehold” on Melbourne land prices

Wednesday 6 June 2018

Back in November, The AFR reported that first-home buyers (FHBs) were desperately fighting for land in Melbourne as the city’s population soars.

Then in December, The AFR reported that the median price for a housing lot in Melbourne had hit $318,500 – up 31.5% over past 12 months – driven by the influx of new arrivals into Melbourne.

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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.