The Australian Bureau of Statistics’ (ABS) latest annual national accounts reported that Australia’s land was valued at $9.2 trillion in 2023-24, with residential land accounting for 84% ($7.7 trillion). As illustrated below, residential land values have skyrocketed from 1.1 times Australia’s GDP in 1989 to 2.9 times GDP as of 2023-24. The total value of Australia’s
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