Perth Most Expensive Capital for Land

IF you thought that Perth wasn't too expensive, perhaps you haven't looked at the price of land recently. Perth land has gone up 282% in the last ten years, taking over Sydney's title for most expensive in the country. The average land size in WA is 476m2 for $260,000 which makes a square metre in WA worth $555. Sydney which has always been head and shoulders above the rest of the country in this category comes second with $547 per square metre.

In the last five years, Melbourne has increased the most in price for vacant land, going up 91% since 2007 whereas Perth which had already experienced a massive land grab in 2007 only went up 15% in the same period.