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Nope, definitely smaller The houses in the outer suburbs might be larger McMansions, but the blocks they're on are a lot smaller. When I started my business in 2004 it was extremely rare to see an apartment under 50sqm. Today it's reasonably frequent.

Keep in mind that in 100 years, $512,000,000 won't be worth that in todays money. If a months salary is $5M, then it's entirely plausible. I went to an auction in 1999 in South Melbourne. A nice 4 bedroom house set some shocking records by selling for $450k. People at the auction were having...

Average Melb house price $1M by 2024? It wouldn't surprise me at all, although it will probably be hard to define what is and isn't Melbourne. eg. By 2024 will Baccus Marsh be considered 'Melbourne'? I expect housing estates will extend unbroken well past there along the highway. It may...