melbourne house prices fall 3.3pc, page-7

  1. 3,704 Posts.
    Passive,

    The wide range of industries and employment means it does not boom as much as Perth but does not slow down as much either, it is a more amortised growth over the decades.

    Speaking generally, Melbourne Metro has outgrown all other cities over the past 100 years. According to Jan Somers' book Melbourne metro has averaged 13.5% compounding over the past 100 years whereas Sydney metro has averaged 12.5% compounding.

    I would be happy to see if anyone can confirm/deny Ms.Somers' data as I have not found 100 year data for the two cities. It seems an extraordinary growth figure for such a length of time, I would love to see how accurate it really is.
 
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