Australia has one of the highest population growth rates in the world
Population growth rates in Australia are far higher than most developed countries.
Australian cities have unusual density profiles
High population densities are concentrated in the CBDs of Sydney, Melbourne, and Brisbane, with geographically large, low-density areas surrounding them.
Land value also accounts for the difference in growth between house and apartment prices over the long term
In Melbourne, freestanding houses have grown at 7% annually followed distantly by townhouses, medium-density apartments, and high-density apartments.