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    A Million Dollar Median For Melbourne!

    In the real world the west struggles. Said that earlier. I don't invest there.
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    A Million Dollar Median For Melbourne!

    Probably not because I just enjoy high level discussion, not digging around data to post. But from what I understand, we have roughly 4.3 million people. Approx 65% participation rate and 96% employment rate. 4.3m x 0.65 x 0.96 = 2.7m people (so I actually understated the number of people...
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    A Million Dollar Median For Melbourne!

    That's just a function of the place being more competitive. But employed people as an actual number (eg 2 million) is a lot more people than the 80s. Has the supply of housing in desired areas grown as much?
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    A Million Dollar Median For Melbourne!

    Actually the economy in Victoria is quite resilient, and I can only see positive trends for now. Government with strong budget, good infrastructure plans which will generate more economic value, relatively cheap land prices relative to most regions of this part of the world (except maybe Japan)...
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