2min chapter

The Joe Walker Podcast cover image

The Silent Hero Of The Australian Economy - Ian Macfarlane

The Joe Walker Podcast

CHAPTER

The Melbourne Land Bubble

The land boom of the 1890s in Melbourne was so huge that there were developments, whole suburbs developed with roads and for paths waiting to pour more houses into. The houses never got built, but there were suburbs without houses that had grown but no houses existing around Melbourne. And nobody owned people of Melbourne when they went to drive used to go there and drive around these empty streets. When it's 30 years later, nearly 40 years later and I still hadn't been developed. That's amazing, isn't it? Because when you were growing up in the outer suburbs of Melbourne in the 1950s, 1950s, sorry, Freudian slip, no one really spoke about the Melbourne land bubble.

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