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The great residential land bubble

October 28, 2024 - 08:00 -- Admin

The Australian Bureau of Statistics (ABS) released its annual national accounts for the financial year 2023-24, which include detailed information on land values. Land values supporting the Australian housing market grew by 8.8% in the 2023–24 financial year. Australia’s land was valued at $9.2 trillion in 2023-24, with residential land ($7.7 trillion) comprising 84% of

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