https://www.news.com.au/finance/economy/australian-economy/australian-residential-land-value-to-gdp-ratio-now-higher-than-japan-at-height-of-1989-bubble/news-story/140872e9ed0fffb9e9a544d3ed68d1fd
“As a percentage of GDP, all residential land in Australia is now worth more than all Japanese land was in 1989 – and that was one of the great bubbles of all time, followed by one of the great crashes of all time.” - residential land vs all land - wow. That just shows how screwed we are. A great non producing asset and massive debts
& Japan has always had a thriving manufacturing sector that added value - we just dig dirt with international companys taking the profits with little tax paid lol. On top of that we have pollies on both sides willing to sell out out to the hightest bidder
Fun days ahead
