Look how land prices have soared in some parts of Australia

A quick look at how land prices have risen across each of the main capital cities over the past half decade.

Melbourne's land prices were flat for years, but are now ripping higher on supply shortages and rapid population growth.

Sydney has seen by far the greatest land price inflation in its median vacant lot values.

In Sydney the median lot size has also dropped by about a fifth over the past ten years.

So the land price per square metre has soared.

Land prices across regional Australia have lagged significantly, although some larger regional centres close to Sydney have witnessed price inflation lately.

About Pete Wargent Pete is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. Using a long term approach to building businesses, investing in equities, & owning a portfolio he achieved financial independence at the age of 33. Visit his blog