That’s the question that has plagued me for ten years. Via James White of Lessep Investment Management, at the AFR:
If China’s annual residential property sold was built in Eureka Towers (14,000 of them) and one constructed every 65 metres, it would line the Hume Highway from Sydney to Melbourne.
In terms of population, 14,000 Eureka Towers, with 556 apartments and an average two occupants per apartment, is equivalent to 15 million people, matching annual urbanisation of one per cent or 14 million people.
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