Last 3 months – source: Cotality, March 2026

Melbourne – 0.4%

Sydney – 0.1%

Canberra 1.3%

Hobart 2.6%

Darwin 3.6%

Adelaide 4.3%

Brisbane 4.8%

Perth 6.8%

It looks like Victoria’s higher land tax may be playing its part in doing what is necessary: i.e. applying a brake to the rampant inflation in our land prices.

Because, as we all should know, if you’ll excuse the immodesty …..

No apologies to Milton Friedman.