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A few months back, CoreLogic revealed that Melbourne’s median lot price per square metre had risen by an insane 30% over the past year to $360,000.
Whereas last week, the latest municipal revaluations in Victoria valued the state’s land at an insane $2.3 trillion, or 5.6 times the size of the Victorian economy.
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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.
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