Not making it any more...
Residential land values in Australia surged by an outsized $1.67 trillion in the 2021 financial year, to $6.6 trillion.
Rural land values increased only steadily, up by $37 billion to $433 billion.
The total value of land in Australia increased to $7.9 trillion, dominated by residential land values.
Commercial land values failed to record an increase in aggregate, due to the lockdowns and other restrictions impacting office buildings and some industrial units.
Don't wait to buy residential land, buy residential land and wait...to bastardise a very old saying.
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The New Zealand unemployment rate dropped to just 3.4 per cent in Q3, as the lack of immigration really bites.
Wages growth picked up to 2.5 per cent, which believe it or not is the fastest rate of New Zealand wages inflation in a decade.
On this evidence, Australia has a long, long way to go yet before we see sustainable 3 per cent wages growth.
