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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.
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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.