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The property market underwent a huge decade plus long boom in Australia, with land prices rising astronomically. There are all sorts of rules for land developm
by mech4bg 14y ago
The property market underwent a huge decade plus long boom in Australia, with land prices rising astronomically. There are all sorts of rules for land development in place, and limited availability for development in the major cities. It's not quite as bad as the UK, but it's not like we have huge chunks of land to spare.
I assume it's either a result of property law differences, or the sheer length of time land has been available to own in the UK. Would love to know more about it.
- arethuza 14y agoI can recommend the book "The Poor Had No Lawyers" for some background on the history of land ownership in Scotland: http://www.amazon.co.uk/The-Poor-Had-No-Lawyers/dp/1841589071 http://www.amazon.co.uk/The-Poor-Had-No-Lawyers/dp/184158907...