Why is the land price rising in the metropolitan cities

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Reference no: EM131241463

Prices of houses in Australian metropolitan cities, particularly in Sydney and Melbourne, are on the rise in recent year, which is mainly due to surging land prices. It is in this context,

1) Why is the land price rising in the metropolitan cities

2) what are the major drivers of rising house prices in these cities.

Reference no: EM131241463

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