Victoria’s land bubbles to 5.6-times size of economy

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By Leith van Onselen

The latest municipal revaluations in Victoria have valued the state’s land at an insane $2.3 trillion, up from $1.88 trillion. From The AFR:

In the past two municipal revaluation rounds, it has been Melbourne’s leafy eastern suburbs that have been ahead of the pack for increases in valuation.

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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.