The price of land is hurting Australia

Growing demand for apartments, combined with restricted supply, means land prices will continue to rise. The resulting pressure on wages will in turn damage the competitiveness of Australian industry.

The high price of land in Australia is one of the reasons businesses like Holden and Qantas are uncompetitive and the combination of several recent developments is making the situation much worse.

Australian house prices are already among the highest in the world, both in absolute terms and relative to income, and are now starting to rise rapidly again, especially in Sydney.

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