Land valuations trimmed
The value of Australia's residential land slipped from $7.3 trillion to $7 trillion across the 2023 financial year, incorporating the property downturn.
To be honest, I think all of those declines have since been erased with the market rebound.
The value of residential land in NSW notionally declined to $2.8 trillion Aussie dollars as at 30 June 2023.
This is an interesting juxtaposition against Apple's market cap of US$2.8 trillion.
Which leads on to an interesting philosophical question as to which you'd rather buy.
Spoiler: I'd take the residential land.
Think my great-great-great grandkids would probably thank me for the decision too.
Mind you, the land tax bill might not be much fun.
Probably leave leverage out of this one...ha!
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Antipodean Macro produces its CPI preview for Australia here.
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