Cheaper property is the one thing Victoria has gotten right

Ballooning state debt, soaring taxes, a stagnating economy, and rising crime have made me highly critical of the Victorian economy.

One area where the state government has performed well is housing affordability.

As illustrated below, Melbourne dwelling values have risen by only 23% since the beginning of the Covid-19 pandemic in March 2020. This compares to growth of 53% across the combined capital cities.