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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

Australia’s land value has gone through the roof. Where does that leave young people who want to buy a home?

Australia United States capital gains
A red for sale /sold sign in front of new houses and land for sale at a housing development in San Remo, Victoria
‘The great Australian dream might be to own a home, but really it is the land on which your home is built that is of real value,’ writes Greg Jericho. Photograph: Joel Carrett/AAP

Land, it is fair to say, is important.

In Australia this is very much the case – and even more so in the past 25 years.

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