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Realestate.com.au has examined 140 years of data and declared that the current Australian house price boom is the third biggest on record:
It wasn’t until the 1950s that prices started to increase relative to other goods.
Prices rose gradually at first, and then since the late 1990s began a period of very strong growth…
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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.